jesse.base.eth 🔵 on Farcaster

jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

I strongly disagree with Vitalik that pump is bad. pump is a nascent form of content moving onchain — thereby letting it be valued and creating real value that can flow to creators and curators who can identify content value early. there's absolutely things *around* pump (and other asset classes + venues) that are bad (e.g. people manipulating markets), but I think it's actively harmful to denigrate pump itself. onchain creativity is good — and pump has been pioneering. thank you to @alon and team for their leadership 🫡

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jacopo.eth pfp

disagree — pump is short-term euphoria with long-term, ecosystem-wide side effects. we should absolutely keep using tokens in innovative ways to reward onchain creators and curators. but we shouldn’t socially align ethereum with speculation — it undermines the broader vision and turns away the people we need most. https://warpcast.com/jacopo.eth/0xf6f6791e

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Jeff pfp

What are your thoughts on this @jessepollak: Assign on-chain rep scores to wallets launching on these launchpads New wallet = neutral Repeat rug puller? Red flag Proven deployer? Green flag it’s just a heads-up, showing wallet history on these launchpads. I'm sure there's ways to game the system but it at least adds a layer of making it more difficult to game. Let people know if a wallet launching a token is new, a grifter, or successful Crypto native ppl know how to vet a wallet, but could be a good tool for normies.

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0xmons pfp

what valuable work do u think the ppl who make these tokens are contributing? like what is the actual "content"? the name/ticker/image?

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Ox Bid pfp

100% agree with you Jesse — Pump created a new category and opened up tokenization for everyone. It’s a step toward a free economy and broader access to funding for creators, traders and builders around the world

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Fots pfp

i think the pump is not bad itself. the main problem was the livestream feature with the lack of moderation that lead to promote harassment behavior. i believe it’s great tool, which was used in wrong way, but it still promoted solana and helped to start this bull run. we can’t rate the app by a few stupid people

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Daniel Fernandes pfp

Daniel Fernandes

no, the livestreaming video platform they built where ppl literally shot themselves on camera is not a thing "around" pump. Having video livestreams without having real-time policing and moderation is just actively stupid given the history of video livestreaming on Twitch, Facebook, etc. I'm not saying go hire a "trust & safety team": Periscope did this right by having impromptu juries vote on whether rules were broken, which allowed them to scale while keeping the platform relatively clean.

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based pfp

more based creativity needed

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Frank pfp

How can it be good if: - 20% of the total tokens are created by 0.2% of the creators - it is a losing game since graduation is achieved by not even 1% of the tokens - it is a total market manipulation that makes retailers lose money a platform like pump.fun may also be good but pump.fun in itself is absolutely bad for its mechanics. Data here: https://dune.com/jondar/pumpfun

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chinmay.eth pfp

When pump.fun supports @base? Clanker is great but the more the merrier.

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depatchedmode pfp

I’m not sure pump is bad, but it’s definitely boring/annoying. Not certain what it’s useful for in its current form.

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Jack pfp

Maybe the theoretical premise behind pump can be construed positively, but it practice it's 98% shiesters fleecing normies via market manipulation. Wrapping it in memes is just like all the flashing lights and bright colors in the casinos. Maybe a few people are having a good time, but most of the activity is idiots losing their shirts to the house

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misha 🪨 pfp

@mishaderidder.eth

sorry. pump is cynical online casino. zero sum games of people fighting for the last scraps of what can be extracted of crypto. no creativity there.

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Shamu pfp

Is it good when most Pumpfuns are extractive. If you haven't trenched on SOL, you won't understand that most of the volume is from bots. Tokens can have $1m vol and still be under $100k mc 30 mins after launch. It's just devs with tools to bundle and farm the volume.

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naaate pfp

Might be good to differentiate: - “inherently good/bad” - vs “more bad outcomes than good, so far” or vice versa Like, is it producing more bad things *around* pump than good? And even if it is, could it still, be good in the long run?

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Kashan Siddiqui pfp

Kashan Siddiqui

How many tokens were launched with actual vision that will not fade away with time? How many tokens created value instead of extracting it?

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pxaxm pfp

it's a net negative, off boarding system. It enriched the 1% and rugged the rest. It's a product with a point-of-view: a pointedly cynical and shallow one.

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ftw pfp

In fact how can be bad something that allow people freely interact onchain ? Even if dont like with casino plays. But yep is a new incentivized way to generate content

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Elias VM pfp

Like a boss 😎 thank you fir being awesome and sincerely speak your mind out even to disagree with someone considered a god to many. That’s pretty much what free speech and decentralization is all about.

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sky.⌐◨-◨ pfp

We live in a permissionless world.

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