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> Pump.fun’s livestream chaos isn’t just a PR disaster for the platform, it’s a problem for the entire crypto industry. Incidents like these feed into the mainstream narrative that crypto is unregulated, dangerous, and morally bankrupt. It gives regulators like the U.S. Securities and Exchange Commission (SEC) all the ammo they need to crack down on the industry.
Noting: The article's headline misleadingly emphasizes 'suicides' and 'homicides,' despite no such incidents being reported or discussed in the actual content. This sensationalistic approach to the headline appears to be clickbait, undermining the article's credibility and journalistic integrity. BUT it does suit the subject since memecoins are all about clickbait attention and sensationalism. How did crypto get here? I have to think of Sartre’s l'enfer, c'est les autres, the monster is always there within us all, lingering. Sometimes it shows its face. Is this the endgame of the so-called ‘degenerate’ part of crypto culture? People desperately trying to escape their place in neo-liberal capitalist society, so they don’t have to pee in a bucket at an Amazon warehouse, and now just fighting for the scraps in zero-sum games?
Misha’s commentary and perspective here is more interesting and valuable to me than the entire article. And most meme coins.
@thatalexpalmer.eth 100%, does it mean we finally became Hacker News?
Is this not the same narrative as the "violent video games industry" back when GTA was launched? Rotten apples, gonna rotten. A certain level of regulation is welcome, though.
@macbudkowski.eth i'll always love you for being the antithesis of HN (pls don't even joke like that, it scares me)