@garrrett
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 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.
steve-yegge.medium.com/bags-and-the...
0 reply
0 recast
0 reaction