Jacek.degen.eth 🎩 on Warpcast

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Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

Been diving into some pump.fun Reddit threads… Looks like they solved a real problem—anyone can launch a token in seconds now. But in the process, they might’ve created a much bigger one. Scammers are printing money by farming hype and dumping on regular people who genuinely believe they can flip 0.5 SOL into 100 SOL with just the right moves. Not sure how sustainable a business model is when your users consistently lose money. Unless, of course, they’re getting some kind of entertainment or social value in return. I’ve played around with it, and yeah, there’s something there. If you’re looking for an anon social feed with chaos energy, just go to 4chan. But what surprised me is that many users really believe there’s a skill curve to this. They’re getting rugged... and coming back for more. Reminds me of Las Vegas—people know the odds are against them, but they keep playing. There’s definitely a psychology worth studying here. Curious what others think.

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YES2Crypto 🎩 🟪🟡 pfp

YES2Crypto 🎩 🟪🟡

@yes2crypto.eth

I’ll take Vegas

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Caygeon.degen.eth 🎩🏰🍖 pfp

Caygeon.degen.eth 🎩🏰🍖

I don’t think there’s any illusions about what it is. The advantage over Vegas is the asymmetry in atypical outcomes, at least at table games. You can’t 1000x on blackjack or roulette or craps. It’s closer to Yukon gold rush.

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kenny 🎩 pfp

hating pumpfun because almost no one wins is the same as looking at the internet and going "they said this platform for anyone to publish content is great, but it's not! 99.99% of what gets published is never read by anyone! what a scam" doesn't matter, the democratization of access to the primitive of being able to make a financial asset seamlessly is worth it because of the .01% of winners who never would've had a chance before

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AusaR🎩🐱 pfp

How are these scammers rugging the coins? i thought it was impossible to pull the liquidity out of them and simply selling their initial dev buys is not enough to rug everyone - is it?

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Kenji pfp

It's gambling... 100% gambling. Just remember your mammoth gains are coming off the back of other people's losses. It's a chicken race of who pulls the trigger first. If it's a fair market without issuer rug pulls, perhaps that's more palpable. The worst ones are the scam coin launches which are designed to make people lose money intentionally which is unfair. I like the approach that Clanker or one of the other Base Chain token creators were doing which had some kind of guard in place which had a time lock on issuer coins or something (memory is vague). Did XRP's version of Pump Fun (First Ledger) for a while and the scams were brutal. Even with DYOR, some of the scammers would have legit looking web pages, Twitter accounts with history, meaningful engagement and followers... but would still rug. So there's that. Structural guards are the best bet.

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tomu pfp

you know it's a casino game by checking their dune dashboards

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Ghost 🎩 pfp

GAMBLING AT ITS PEAKKKK

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greyseymour.eth pfp

greyseymour.eth

Everyone who has told me they’ve cracked the code to pumpfun is either a. early in their journey b. lying c. ends up getting so rekt they “quit crypto” altogether, or d. mysteriously disappear (probs some crossover between c. & d.) I speak to founders very frequently, and for many of them, the volume associated with pump is VERY tempting… more than once, I’ve had to dissuade someone from ”just scrapping the launch plans and putting it on pumpfun” instead… :|

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0xbenj 🥨 pfp

It's 100% gambling. Nothing inherently wrong with that. Just that most people don't understand the game they're playing when they partake.

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Leeward Bound pfp

unpopular take - in USA, according to both securities laws and FEC advertising regulations, if you are selling an opportunity to make money, you have to clearly disclose the odds, risk factors, and the actual amounts won by winners and amounts lost by losers. doesn't matter if it's gambling or MLM or "get rich quick on Google" scams.in the "psychology" of it is settled science - if you tell people they can get rich quick, they are dumb enough to bet their whole life savings without doing any research, and anyone selling opportunities of chance is subject to regulation

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Fran d’Amore pfp

Its mostly gambling and there should be a disclosure about it.

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PermaNoob 🎩 🍖🌭 pfp

PermaNoob 🎩 🍖🌭

New one armed bandit. Everybody knows they lose but it is fun to play.

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Shazam 🇵🇸 pfp

Shazam 🇵🇸

Back in the day they had to break into ur house and steal ur money Nowadays they use pump fun to steal it remotely, peacefully and willingly lol

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Ethan666.eth🎩 pfp

Ethan666.eth🎩

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Brandon Yoshizawa 🎩🔵💎 pfp

Brandon Yoshizawa 🎩🔵💎

@bay-photography

Pump is for the gamblers @clanker is for the builders

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