TIL about all that stuff, Moltbook, Openclaw, Gas Town, and I don't get it anymore. It's too much. Forums for chatbots with their own religion but its actually a crypto scam and vibecoded hypesoftware to scam people with sh*tcoins because yolo and whatnot. I'm out.
Yeah; I did not quite understand GasTown (although I like Steve's writing style); I absolutely do not understand Moltbook or its purpose; I'm not sure I understand the point of OpenClaw -- in the sense that its benefits are not immediately obvious, while its dangers are making big red flashes and fire sirens.
Often when you don't understand something you feel stupid; but sometimes the reason you don't understand is because somebody's trying to sell something to you, and it's that thing that's supid, or pointless, or a scam, or all three.
FWIW I’ve been in enough of these cycles to see the same pattern play out now with software + AI hype that I saw back in crypto land. You get:
some half-baked project that looks cool until you actually try it,
a flood of “look at me I’m first” blog posts and influencers hyping the hell out of it,
people and companies saying they’re building on it because they don’t want to be left behind,
a weird intersection with tokens/coins thrown in as an afterthought because hey, incentives, right? — and suddenly the narrative becomes “pump this thing hard”.
I mean besides crypto and ai being big investments, i barely see any parallels. AI you can actually use to build useful things in the world , and tokens are used not as trading , but transactional currency to do that building.
>A new worrying amalgamation of crypto scams and vibe coding emerges from the bowels of the internet in 2026
i have a filter for this kind of thing in the era of greedmaxxing (get rich quick schemes that are not new but change shape pretty often these days) - be a late adopter.
I really don’t get the strategy here. What do the coins have to do with the project? Why would someone who was “lured” into using the project buy the coins? Why would someone speculating on the coins use the project? What’s the connection? I’m genuinely having a hard time understanding what there even is for someone to “fall for” here. How does any of this trick anyone?
I guess I really am just that out of touch with “AI” and cryptocurrency.
People can spin up magic crypto coins backed by other crypto coins at the push of a button.
Dirtbag crypto people will spin up a coin in the name of someone's software product, give the project owner a bunch of coin, make them feel special like they're suddenly part of lots of money, and then astroturf and pump the coin as much as they can before setting up for a rugpull by either the project owner trying to cash out, or the crypto folks trying to finish the job off.
> I guess I really am just that out of touch with “AI” and cryptocurrency.
I get that feeling. I suppose it's more about crypto than AI, where the first translates into "pyramid scheme" and the second to "hype".
Any kind of defraud must be rooted in someone's greed. In this case that's FOMO about some presumably magic discovery that's gonna change the world.
So nothing special you might have missed about AI or cryptocurrencies. It's just that those are relatively cheap and accessible technologies to create and transfer (presumed) wealth.
I don't think you are out of touch. I see this more as opportunistic behavior rather than the main thing. A side show. Some people buy/sell crypto. Most people at this point ignore the whole space and have turned their back on them.
All that's left is serial bullshitters generally not delivering anything real or tangible whatsoever. But of course, them affiliating themselves with whatever is fashionable is entirely in character. That's what serial bullshitters do.
As far as I can see there's little to no overlap in the Venn diagram of crypto tech bro types and AI optimists/utopians. Neither group produces much technology. They mostly just move hot air.
And then there's a rather large crowd of skeptical yet open minded people actually getting some early results using or building various AI tools.
Most AI stuff on HN breaks into the AI bears (it's all bull-shit and going to end in tears, any minute now) and bulls (AGI is imminent and we're all going to be unemployed and then our AI overlords will kill us). And a few occasional rational things in between.
I'm in camp rational. Some cool/useful tools out there. Getting some tangible results using those. Clear and quite rapid progress year on year. Worth keeping up with. I don't worry about employment. I'm quite busy currently. All this AI stuff is generating lots of work and new business potential. And the AIs are not picking up the slack so far. If anything, there's a growing gap between what's possible and what's being realized. That's what opportunity looks like. I see a lot of business potential currently for somebody reasonably handy with AI tools.
> The "dump" on their end was to use this as marketing bait and a way to inflate their valuation.
Maybe a bit different but I think it's worth pointing out how this parallels the state of the job market right now.
It is so hard to get hired, with so many moving and diverse frameworks, libraries, and technologies you are expected to know, that it's almost impossible to keep up and stand out.
The only way to do it is to develop "projects" that demonstrate your abilities in each target domain, and in these days of vibe coding these need to be more than sketches but like full fledged applications that can draw real attention to you, if your lucky get on the front page somewhere.
And with vibe coding it can be done relatively quickly.
So we're in this state of new projects, very impressive looking projects, getting posted every day, all the time, and about 1% of them will see any kind of longevity because the vast majority will be dumped as soon as the author gets a job.
This makes it increasingly difficult to select dependencies for downstream work.
As someone who is currently looking to setup local CI for macOS hardware, that'd be neat :)
Unrelated; For CI, what hardware would people recommend? I'm choosing between mac Mini (M4 Pro) and Mac Studio (M3 Ultra) but haven't digged into the CPU difference yet to understand what would be best. Opinions?
Yegge was an early employee at Amazon and has been writing influential blog posts and developing massive software projects since before this guy was born. But sure, in his retirement he's pivoted to pump and dump schemes.
Plenty of pump and dumpers are already wealthy what's your point? He's either doing it or not, his past employment isn't dictating it one way or another. His ability to "influence" through writing is salient to the discussion at hand, not some mitigating factor.
Fully agreed on the clawdbot hype. But I feel like a "natural selection" process is taking place in these situations; AI influencers and vibe coders are going to fall for it (good riddance). Any programmer worth their salt (like the author) knows Steipe's works is bs and moves on. Steipe prides himself in the half-ass spaghetti code his agents write, and has constantly opposed best practices in the industry like context management through subagents, etc. He's understood that "just talk to it" mantra attracts noobs and buys him internet clout.
> The initial software Pump and Dump event could be considered when Cursor burned through millions of dollars to build a barely working browser. Naturally there was no way to finish such a monstrous heap of software into a working product and why would anybody use a vibe coded browser anyway? The "dump" on their end was to use this as marketing bait and a way to inflate their valuation.
Let me introduce you to the wonderful world of "research." It's what happens when you're willing to spend money on things without immediate, obvious ROI. The real value often comes not from the resulting product, but from the lessons learned along the way.
I also don't see what's wrong with showcasing the results of your experiments. How many developers have implemented a toy ray tracer and put it on their personal GitHub? No one in their right mind believes Pixar will use it for their next renderer, but should we conclude those people are inflating their CVs with bait? Or can we acknowledge it's a cool project to undertake, and pulling it off requires real skill?
If individuals are welcome to do this, why can't organizations? I want to see more "we did a fun thing, here are the results." There's a playfulness in that approach I find refreshing. Just because it comes from a for-profit company doesn't make it cynical.
It was only through external review that the problems with the project were discovered, and the blog post was clearly written for marketing as it hardly shared any actual details about the result other than an unexplained video they called a screenshot. Good faith research would have pointed out the limitations of their system
I don't think that most research starts with the idea of being a crypto rugpull. Many research labs and startups fail, and that is fine, you dont have to double down and drag a bunch of people into the mud with you because of that, which is what a lot of the example the author points to.
In some sense I just feel like this is another way to gamble, which in general is seeing an unprecedented growth with Polymarket and the likes. There is less faith in white-collar skills making you rich, so you just try your luck.
When the published "lessons" don't match up with what the experiment actually did, that's when people start asking questions. Is not just "boo it didn't work", but there is a vast mismatch between what the research actually answered, and what they claimed it answered.
> The rendering engine is from-scratch in Rust with HTML parsing, CSS cascade, layout, text shaping, paint, and a custom JS VM.
If I cloned Pixar’s rendering library and called that then added to my CV ‘built a renderer from scratch’ this would be entirely dishonest…
I use LLMs often and don’t hate Cursor or think they’re a bad company. But it’s obvious they are being squeezed and have little USP (even less so than other AI players). They are frankly extremely pressured to make up lies.
I don’t think I’d resist the pressure either, so not on a high horse here, but it doesn’t make it any less dishonest.
Note, unofficial scam coins that grift on memes are very common and have been for about 2 years now, it doesn't mean an official affiliation.
However 2 things are very specific to this case:
1- Dev received a donation, which might be a way for a crypto rug puller to pump a coin. Kind of tangential, but it might be dirty money that the dev accepted. What usually happens is that the famous person is naïve and believes that they really deserve the money, and then they promote a coin which is rugpulled, that's the basic but there might be many shapes, like sending a single prompt about cryptocurrency and causing moltbot to create a new coin.
2- There is a PoW effect in agentic vibe coding, poetically illustrated in GasTown. This parallel makes it possible that there's a very tight relationship between these 2 worlds.
> AI models became much better and even doing a "ralph loop" on a simple prompt in a few hours could produce copious amount of working code. As a result you have burned through thousands of dollars of tokens to get some barely working "product" but you had no idea who or why would use it.
Not with a plan from Anthropic or OpenAI. It seems like using pure API is a status symbol among some developers. Look how much I spend on tokens.
What worries me even more is tens of thousands (or even magnitudes higher) half-baked, over-hyped, vibe-coded spaghetti "open-source projects" released publicly for clout or to attract investment.
It is like all the garbage papers you find in academia that you need to sift through until you find that one good paper. Needle in a haystack.
2026 will be the year of vibe-code driven enshittification. Github will be the casualty.
In the last 6 months we've seen no fewer then a dozen vibe coded/AI assisted open source, self hosted projects launch that complete against ours. So far all but one has fizzled out, with the same pattern each time: announcement, repo with 1 giant commit, 2-4 months of feature releases, loss of interest from the author, and finally abandonment.
I expect once users get burnt enough time, they'll stop adopting the new cool thing until it's been out long enough with consistent releases.
I'm gonna blow your mind a bit here, but this isn't just the fault of the people making the software, it's also the fault of the vast majority of the people here and on the internet in general. Quality doesn't get your attention.
The truth is building a project is like a lottery ticket, and there's hard diminishing returns on time invested in quality in terms of payoff. If I told you you could spend 10x more time for a 2x increase in probability of success, if you were trying to make a living from your creativity, you would be stupid to spend the extra time, it's a horrible investment.
The people spamming half baked projects that they quickly abandon if they don't get traction are being rational. People like me that grind on unsexy process bottlenecks and try to keep refining into something really nice are the irrational ones.
How timely, I was just thinking about this today! Sure, we can write code quickly and in copious amounts, but the challenge of software engineering (at least in my imagination) has always been maintaining and upkeeping it.
Crypto has been putting the big bucks into marketing forever. See the telegram NFT push with mma atheletes, etc. This has just been one of their more successful marketing vectors.
Pump == experimentation/innovation, different people look at it differently, so you get variety of interesting ideas.
Dump == natural consequence of over-supply, in this case whatever is not useful, we will drop.
But to invent/discover new things, new paradigms, we need that Pump.
1. Look at age of computers, we had so many different architectures and computer brands with own hardware, now mostly converged to a couple of architectures
2. Operating systems, at some point everyone was writing operating systems, now converged to primarily 3
3. Programming languages, not converged to small number of languages, but there were bunch of languages, same with Databases
4. Frontend frameworks, converged around React & Vue.
“Pump & Dump” has a very specific meaning here, something that is essentially a scam to cheat people out of their money, and not an actual honest attempt to create something new…
Pump and dump is not the same as competition resulting in winners and losers, it’s a grift by the losers to profit at the expense of users through deception.
The new shit-coin-as-a-service app(Bags) is a fascinating evolution of the system. Shitcoins started as a mechanism to monetize your own fame but have apparently evolved so you can monetize other people's fame.
On one hand this is pretty obviously dumb but on the other maybe I'm just not 'getting it' and if shit-coin-speculators want to help finance OSS projects (vibe coded or no) why complain about it?
I'm surprised anyone is still holding Bitcoin at this point... I thought everyone finally got with the program that crypto will never amount to anything...
Appears to be running on plain HTTP, and trying to access it over HTTPS presents a bad cert and then redirects somewhere incomprehensible. No idea what the domain owner is doing here.
I would add “being acquired by another startup experiencing FOMO that they might miss out on the latest AI trend” as an alternative path to profiting off the grift
postalcoder|1 month ago
enopod_|1 month ago
u_sama|1 month ago
bambax|1 month ago
Often when you don't understand something you feel stupid; but sometimes the reason you don't understand is because somebody's trying to sell something to you, and it's that thing that's supid, or pointless, or a scam, or all three.
macmac_mac|1 month ago
some half-baked project that looks cool until you actually try it,
a flood of “look at me I’m first” blog posts and influencers hyping the hell out of it,
people and companies saying they’re building on it because they don’t want to be left behind,
a weird intersection with tokens/coins thrown in as an afterthought because hey, incentives, right? — and suddenly the narrative becomes “pump this thing hard”.
mr-ron|1 month ago
nenadg|1 month ago
i have a filter for this kind of thing in the era of greedmaxxing (get rich quick schemes that are not new but change shape pretty often these days) - be a late adopter.
sublinear|1 month ago
To wait is to maximize information and efficiency in execution.
nkrisc|1 month ago
I guess I really am just that out of touch with “AI” and cryptocurrency.
kotaKat|1 month ago
Dirtbag crypto people will spin up a coin in the name of someone's software product, give the project owner a bunch of coin, make them feel special like they're suddenly part of lots of money, and then astroturf and pump the coin as much as they can before setting up for a rugpull by either the project owner trying to cash out, or the crypto folks trying to finish the job off.
repelsteeltje|1 month ago
I get that feeling. I suppose it's more about crypto than AI, where the first translates into "pyramid scheme" and the second to "hype".
Any kind of defraud must be rooted in someone's greed. In this case that's FOMO about some presumably magic discovery that's gonna change the world.
So nothing special you might have missed about AI or cryptocurrencies. It's just that those are relatively cheap and accessible technologies to create and transfer (presumed) wealth.
jillesvangurp|1 month ago
All that's left is serial bullshitters generally not delivering anything real or tangible whatsoever. But of course, them affiliating themselves with whatever is fashionable is entirely in character. That's what serial bullshitters do.
As far as I can see there's little to no overlap in the Venn diagram of crypto tech bro types and AI optimists/utopians. Neither group produces much technology. They mostly just move hot air.
And then there's a rather large crowd of skeptical yet open minded people actually getting some early results using or building various AI tools.
Most AI stuff on HN breaks into the AI bears (it's all bull-shit and going to end in tears, any minute now) and bulls (AGI is imminent and we're all going to be unemployed and then our AI overlords will kill us). And a few occasional rational things in between.
I'm in camp rational. Some cool/useful tools out there. Getting some tangible results using those. Clear and quite rapid progress year on year. Worth keeping up with. I don't worry about employment. I'm quite busy currently. All this AI stuff is generating lots of work and new business potential. And the AIs are not picking up the slack so far. If anything, there's a growing gap between what's possible and what's being realized. That's what opportunity looks like. I see a lot of business potential currently for somebody reasonably handy with AI tools.
Uehreka|1 month ago
[deleted]
XCSme|17 days ago
radarsat1|1 month ago
Maybe a bit different but I think it's worth pointing out how this parallels the state of the job market right now.
It is so hard to get hired, with so many moving and diverse frameworks, libraries, and technologies you are expected to know, that it's almost impossible to keep up and stand out.
The only way to do it is to develop "projects" that demonstrate your abilities in each target domain, and in these days of vibe coding these need to be more than sketches but like full fledged applications that can draw real attention to you, if your lucky get on the front page somewhere.
And with vibe coding it can be done relatively quickly.
So we're in this state of new projects, very impressive looking projects, getting posted every day, all the time, and about 1% of them will see any kind of longevity because the vast majority will be dumped as soon as the author gets a job.
This makes it increasingly difficult to select dependencies for downstream work.
pell|1 month ago
steveBK123|1 month ago
embedding-shape|1 month ago
Unrelated; For CI, what hardware would people recommend? I'm choosing between mac Mini (M4 Pro) and Mac Studio (M3 Ultra) but haven't digged into the CPU difference yet to understand what would be best. Opinions?
vyaa|1 month ago
jaffee|1 month ago
yunohn|1 month ago
PKop|1 month ago
behnamoh|1 month ago
piker|1 month ago
IMTDb|1 month ago
Let me introduce you to the wonderful world of "research." It's what happens when you're willing to spend money on things without immediate, obvious ROI. The real value often comes not from the resulting product, but from the lessons learned along the way. I also don't see what's wrong with showcasing the results of your experiments. How many developers have implemented a toy ray tracer and put it on their personal GitHub? No one in their right mind believes Pixar will use it for their next renderer, but should we conclude those people are inflating their CVs with bait? Or can we acknowledge it's a cool project to undertake, and pulling it off requires real skill? If individuals are welcome to do this, why can't organizations? I want to see more "we did a fun thing, here are the results." There's a playfulness in that approach I find refreshing. Just because it comes from a for-profit company doesn't make it cynical.
a2128|1 month ago
augment_me|1 month ago
In some sense I just feel like this is another way to gamble, which in general is seeing an unprecedented growth with Polymarket and the likes. There is less faith in white-collar skills making you rich, so you just try your luck.
embedding-shape|1 month ago
When the published "lessons" don't match up with what the experiment actually did, that's when people start asking questions. Is not just "boo it didn't work", but there is a vast mismatch between what the research actually answered, and what they claimed it answered.
Craighead|1 month ago
jaccola|1 month ago
> The rendering engine is from-scratch in Rust with HTML parsing, CSS cascade, layout, text shaping, paint, and a custom JS VM.
If I cloned Pixar’s rendering library and called that then added to my CV ‘built a renderer from scratch’ this would be entirely dishonest…
I use LLMs often and don’t hate Cursor or think they’re a bad company. But it’s obvious they are being squeezed and have little USP (even less so than other AI players). They are frankly extremely pressured to make up lies.
I don’t think I’d resist the pressure either, so not on a high horse here, but it doesn’t make it any less dishonest.
lifetimerubyist|1 month ago
[deleted]
SecretDreams|1 month ago
I thought only AI bots were born yesterday.
TZubiri|1 month ago
However 2 things are very specific to this case:
1- Dev received a donation, which might be a way for a crypto rug puller to pump a coin. Kind of tangential, but it might be dirty money that the dev accepted. What usually happens is that the famous person is naïve and believes that they really deserve the money, and then they promote a coin which is rugpulled, that's the basic but there might be many shapes, like sending a single prompt about cryptocurrency and causing moltbot to create a new coin.
2- There is a PoW effect in agentic vibe coding, poetically illustrated in GasTown. This parallel makes it possible that there's a very tight relationship between these 2 worlds.
cactusplant7374|1 month ago
Not with a plan from Anthropic or OpenAI. It seems like using pure API is a status symbol among some developers. Look how much I spend on tokens.
kshri24|1 month ago
It is like all the garbage papers you find in academia that you need to sift through until you find that one good paper. Needle in a haystack.
2026 will be the year of vibe-code driven enshittification. Github will be the casualty.
gassi|1 month ago
I expect once users get burnt enough time, they'll stop adopting the new cool thing until it's been out long enough with consistent releases.
CuriouslyC|1 month ago
The truth is building a project is like a lottery ticket, and there's hard diminishing returns on time invested in quality in terms of payoff. If I told you you could spend 10x more time for a 2x increase in probability of success, if you were trying to make a living from your creativity, you would be stupid to spend the extra time, it's a horrible investment.
The people spamming half baked projects that they quickly abandon if they don't get traction are being rational. People like me that grind on unsexy process bottlenecks and try to keep refining into something really nice are the irrational ones.
tyingq|1 month ago
crespire|1 month ago
alansaber|1 month ago
throwaw12|1 month ago
Pump == experimentation/innovation, different people look at it differently, so you get variety of interesting ideas.
Dump == natural consequence of over-supply, in this case whatever is not useful, we will drop.
But to invent/discover new things, new paradigms, we need that Pump.
1. Look at age of computers, we had so many different architectures and computer brands with own hardware, now mostly converged to a couple of architectures
2. Operating systems, at some point everyone was writing operating systems, now converged to primarily 3
3. Programming languages, not converged to small number of languages, but there were bunch of languages, same with Databases
4. Frontend frameworks, converged around React & Vue.
5. Search engines
6. Social networks
We need that Pump
janc_|1 month ago
010101010101|1 month ago
kreetx|1 month ago
DANmode|1 month ago
unknown|1 month ago
[deleted]
siliconc0w|1 month ago
On one hand this is pretty obviously dumb but on the other maybe I'm just not 'getting it' and if shit-coin-speculators want to help finance OSS projects (vibe coded or no) why complain about it?
spicyusername|1 month ago
I'm surprised anyone is still holding Bitcoin at this point... I thought everyone finally got with the program that crypto will never amount to anything...
kreetx|1 month ago
smcin|1 month ago
andOlga|1 month ago
zombot|1 month ago
an0malous|1 month ago