@garrett
Appcoin season incoming.
This full article is well worth the read but here’s a TLDR:
- Steve Yegge creates Gastown which is an IDE that helps you with running lots of Claude Code instances (similar to Ralph Wiggum if you’re familiar).
- Someone launches a $GAS token on the Bags App and directs the fees to Steve that he can claim by signing in with his X account.
- Steve figures out how to claim the $75k in fees and tries to go to Charles Schwab to off-ramp it to his bank account. They asked a ton ow questions and told him it’d take 10 days so he went elsewhere.
- Steve writes up this post documenting his experience and thoughts around this long-tail stock market for fueling innovation.
- Steve doesn’t control a large supply of the token but he will continue to get fees so trading the token benefits him and supports his efforts building out Gastown.
We’re going to see a lot more stories like this where a creator builds an app and there’s an associated token that benefits them while allowing people to speculate on the success of the app.
2026 meta is going to be appcoins.
https://steve-yegge.medium.com/bags-and-the-creator-economy-249b924a621a