It isn't ruining pool, but it has ruined gambling among the better players.
I totally disagree.
The majority of gambling done at the DCC - and other places such as Tunica, US Open - were based on handicapping. Same thing in the Phillipines, the pool gambling capital of the world. Some of the biggest gamblings in recent history in the US are based on handicaps.
The few heads-up gambling done in recent years that I can remember between big names are:
1/ Bartram/Roberts
2/ Morra/Bennette
3/ Morra/Watson
4/ Roberts/Hall
5/ Dominguez/Bennette
6/ John/Harriman
That's pretty much about it.
There are a ton more gambling matches happen where handicaps were involved.
Sure, some of you SAY here that you would prefer to play straight up, even though you're dead money, because you love the game and want to improve. But let's be honest here. How many major events - where the best pros play - would you be willing to play and donate? 1, 2, 3 per year, year in year out????
Without handicapping, pool would be dead. Gambling would be dead too, since gambling and pool are like french fries and ketchup.
There's a reason why all leagues such as BCAPL, APA, ACS, etc... are doing well. They're based on handicap.