Degen

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.

Some degen users ( like me ) know the risk and still ape in, they’re not all victims ( like those who go losvegas )

In web3, there’s always a tension between freedom and responsibility !

Pump.fun is max freedom right now, if they add reputation layers or better signals, it could evolve beyond meme casino vibes into something long term friendly ... @alon