[spondyl]

While I have zero interest in defending or participating in the financialization of all things via crypto, there is a bit of nuance missing here.

BAGS is a crypto platform where relative strangers can make meme coins and nominate a recipient to receive some or all of the funds.

In both Steve Yegge and Geoffrey Huntley's cases, tokens were made for them but apparently not with their knowledge or input.

It would be the equivalent of a random stranger starting a Patreon or GoFundMe in your name, with the proceeds going to you.

Of course, whether you accept that money is a different story but I'm sure the best of us might have a hard time turning down $300,000 from people who wittingly participate in these sorts of investment platforms.

I don't immediately see how those left holding the bag could have ended up in that position unknowingly.

My parents would likely have a hard enough time figuring out how to buy crypto, let alone finding themselves rugpulled by a meme token is my point so while my immediate read is that pump and dump is bad, bad relative to who the participants are is something I'm curious to know if anyone has an answer for

[raincole]

If someone anonymous starts a Patreon to support your software project I'll assume that someone is you and it will take very strong evidence to change my mind.

It's so funny tho. If you post on reddit saying "my friend had a fight with his wife last night..." absolutely no one would believe it's really your friend. But somehow you say "uh so there is someone anonymous who launched a meme coin for my project..." people believe it's really someone anonymous.

[spondyl]

That's a reasonable assumption to make and one I wondered about too!

I'm just saying that there's no evidence I'm aware of that would prove or disprove that the creators were involved.

Personally, I think crypto types are bizarre enough that I could believe they would do something like that unannounced.

In my mind, it's the same behaviour as the infamous Kylie Jenner "get her to $1 billion" GoFundMe from a few years back: https://www.businessinsider.com/kylie-jenner-gofundme-fans-c...