lore @optimism | ex: @coinbase | views are my own | what if it all worked out? 

good (in different ways): railgun, farcaster, polymarket, signal
bad (in different ways): pump.fun, Terra/Luna, FTX

The differences in what the app does stem from differences in beliefs in developers' heads about what they are here to accomplish.

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 🫡

@base builder #001; onchain cities w/ OAK & city3

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