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 🫡
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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?
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jesse.base.eth 🔵
@jessepollak
what's the actual content of a social media post? name/description/image :)
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0xmons
@xmon.eth
i also don't think most social media posts are very worthwhile expressions of creativity or should be tokenized
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RyanFox.eth
@ryanfox.eth
I think of tokens as app data, because that’s what they are at the most fundamental level. On Pump the coins aren’t just memes, they’re how the app lets you interact with content. Same with Dexscreener, Coinbase Wallet, etc. These platforms are just interfaces for engaging with this “app data.” When you post content via @zora and it becomes a token, you’re enabling that content to move through financial apps. The content remains the same but tokens are the format that lets it plug into new contexts. Different types of tokens can represent different forms of content, depending on how you want that content to be used across apps.
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