jesse.base.eth 🔵 pfp
jesse.base.eth 🔵
@jessepollak
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 🫡
37 replies
10 recasts
90 reactions

jacopo.eth pfp
jacopo.eth
@jacopo.eth
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
2 replies
0 recast
16 reactions

0xmons ✝️ pfp
0xmons ✝️
@xmon.eth
what valuable work do u think the ppl who make these tokens are contributing? like what is the actual "content"? the name/ticker/image?
2 replies
0 recast
6 reactions

Jeff pfp
Jeff
@jeff-xyz
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.
4 replies
0 recast
3 reactions

Ox Bid pfp
Ox Bid
@oxb
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
0 reply
0 recast
4 reactions

Fots pfp
Fots
@fots
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
0 reply
0 recast
1 reaction

Daniel Fernandes pfp
Daniel Fernandes
@dfern.eth
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.
0 reply
0 recast
1 reaction

Frank pfp
Frank
@frankk
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
0 reply
0 recast
0 reaction

chinmay.eth pfp
chinmay.eth
@chinmay.eth
When pump.fun supports @base? Clanker is great but the more the merrier.
0 reply
0 recast
0 reaction

terricola pfp
terricola
@terricola.eth
and we wonder why eth price no move. pumpfun showed us a path and eth shamed and ignored.
0 reply
0 recast
0 reaction

based pfp
based
@basedevo
more based creativity needed
0 reply
0 recast
0 reaction

depatchedmode pfp
depatchedmode
@depatchedmode
I’m not sure pump is bad, but it’s definitely boring/annoying. Not certain what it’s useful for in its current form.
0 reply
0 recast
0 reaction

Jawa pfp
Jawa
@jawa
One of the biggest challenges I saw projects face in ‘21 was how to legitimately promote themselves to a crypto native audience. Pump seems designed to tackle that exact problem.
0 reply
0 recast
0 reaction

Preator pfp
Preator
@fourvork
Memecoins are "creating real value"? are you kidding us? REAL? VALUE? Bro April fools was 2 weeks ago. Pumpfun is not just bad, it's FUCKING EVIL. Pump&dump manipulated shitcoins are an evil that made so many ppl + capital leave the space and never come back. While making the 0,1% of insiders rich, including pump team. It's disgusting to see Jessie saying thank you to @alon and team for seeding so much grifters and indirectly kicking out so much people from our space, and amplifying the "crypto is scam" narrative. @jessepollak you go out asking people to use crypto on camera to "onboard" 2,5 ppl while pumpfun "offboarded" millions of users and billions of capital from our space. And now you say thank you to them ??? WHAT? Get real Jesse, please
0 reply
0 recast
2 reactions

Jack pfp
Jack
@jackten
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
0 reply
0 recast
2 reactions

misha  🪨 pfp
misha 🪨
@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.
0 reply
0 recast
1 reaction

Shamu pfp
Shamu
@shamu
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.
0 reply
0 recast
1 reaction

naaate pfp
naaate
@naaate
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?
0 reply
0 recast
0 reaction

Kashan Siddiqui pfp
Kashan Siddiqui
@kashan
How many tokens were launched with actual vision that will not fade away with time? How many tokens created value instead of extracting it?
0 reply
0 recast
0 reaction

pxaxm pfp
pxaxm
@pxaxm
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.
0 reply
0 recast
0 reaction