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

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.