many familiar and unobjectionable statements here!
also two key points I think ted misses
1. pump and most launchpads make money from a fee on token creation, and swap fees, ie they win from high volume on speculative assets. most casino coins die.
clanker makes the vast majority of our fee share from larger, longer lasting coins. we get way less benefit from short term slop that dies fast. we won't incentivize coin creation, we can incentivize building cool stuff, culture!
2. pump has no economic mechanism to return value to users, token creators or the ecosystem.
clanker does, we launched with one, and will add more. fees are powerful, and they should be embedded within and distributed throughout the social networks that drive culture and create value, not get captured by a single app.
we *did not* set out to build a copy of pumpfun, there are a ton of those on base already. btw if you're new here, ted always has thoughtful posts on the network, a must follow! 1 reply
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