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Comment by wahnfrieden

19 hours ago

More details on the pump and dump scheme he joined in on promoting and drew money from: https://pivot-to-ai.com/2026/01/22/steve-yegges-gas-town-vib...

This initially sunk my heart, but in all his replies there are like 50 very clearly unintelligent crypto grifters telling him he needs to be killed for scamming them, so I am unsure who to root for at this point. It's depressing he accepted it, but I might partially forgive it due to him making a lot of them lose money.

I feel it's hard to criticize people for engaging in this anymore. Why would any reasonable person not take the free money?

In the past this would've been different when you couldn't necessarily expect all participants to be fully aware of what's going on, but absolutely nobody is treating "gas town" coins as a serious investment.

  • Why is it hard to criticize people for being part of a scam operation? It's so morally and ethically bankrupt that it's really easy and valid to criticize someone for

    • Who is being scammed? The only people buying into tokens as obscure as these are degenerate gamblers who know very well that it's not any kind of an investment.

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  • But people do. There are people who genuinely think crypto is an investment. Yes, smart people knows it is just a grift and that it is just about selling it on to the next person before it crashes. But is it moral to make money on stupid people? Many people lose all their money on gambling even if we always known gambling is a loss.

    • > There are people who genuinely think crypto is an investment.

      Sure! Are those people buying bags.fm tokens? Probably not.

      This isn't even marketed as an investment https://bags.fm but a crowdfunding tool for developers with a casino attached.

      You don't have to be smart to read the big text on the website.

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