I’m going to take you to a very dark place that you’ve probably never heard about before. I hadn’t heard about it myself until Tuesday morning, and I knew instantly that I wanted to do a post about it. The place is called Pump.Fun You might want to hold off clicking that link until you read this post.
In spite of what you might think, the darkness of this site isn’t necessarily due to pornography or violence. In fact, it can accurately, although dryly, be described as a place where people can easily create their own crypto tokens and deploy them to the world. That would be a gross oversimplification, however, and would also ignore the fact that it is, among other things, the most aesthetically grotesque website since the days of MySpace.
The site is a libertarian unhinged free-for-all for anyone, and I do mean anyone, to slither in, put a completely idiotic “coin” together, and try to make some quick and easy cash from other rubes. It will only take you a minute or two on the site to lose all faith in humanity.
What’s the problem, Tim? This is just good, clean fun. Some kids out on the web having a good time, but digitally. Leave ’em alone!
Yeah, no, it’s way worse than that. Because 99%+ of the coins created on this platform are total and complete garbage, there is a frantic effort by the hordes on the site to draw attention to themselves and get others to buy into their meme coin.
Think of it this way: imagine you are a very attractive woman who has walked into a warehouse of 30,000 smelly, gross, horny nerds, every single one of whom desperately wants your attention (and much more). Almost all of them will be jumping up and down and screaming, but the more creative ones are going to have to go way beyond just jumping up and down to get you to notice them.
One can only imagine the lengths to which one might go.
It’s precisely the same on Push.Fun, because the aforementioned pretty woman represents cash-carrying buyers – – and all these basement dwellers and chicken boners are trying like mad to get the attention of anyone will to hand over some money.
Until recently, the site featured live video streams, so you had such charming diversions as a guy sat on a toilet and pledged not to leave it until a certain quantity of his coins were purchased. I think he was on the john for three solid days.
But that’s light-hearted and fun compared to the other forms of attention-getting that were used. You could choose from people in cages, people masturbating, threats to kill a child, bestiality, threats of torture, and other mentally ill depravities. There was even a couple who slapped their toddler every three minutes unless a certain quantity of coins were purchased. All of this on live-streamed video.
There was even one depraved asshole who threatened to shoot his dog. It’s basically a bazaar of extortion and shameless debauchery.
To be clear, this isn’t some fringe site with a few dozen freaks on it. This is a very new company that is absolutely raking in massive amounts of money from all these lunatics, and until they shut down their livestream (since they are terrified of being sued into oblivion), there were charming instances such as human beheadings going on:
Or, more mildly, low-IQ morons firing guns randomly out the window, putting lives at risk with every idiotic shot.
Now that the livestream has been taken down, it’s all cool, right? No, not right. Because the entire premise of the place is a bunch of incels racing around trying to cheat each other. Thus, there’s an entire sub-culture of instructional information about how to be a better criminal than the other guy. Here is the not-at-all-subtle video “How I Cheated To Become the Number One Trader” His parents must be so proud.
For those without as much time, here’s a succinct one-minute video about the SIMPLEST rug pull you can use to rip off the unsuspecting.
All of this confirms my own conclusion about the entire crypto space, which is that it is nothing more than a series of gambling tokens. Crypto has NO practical value. It solves NO problems. And if every single Bitcoin, Ether, Solano, and every other coin vanished off the face of the earth, it would make ZERO difference to anyone, beyond the asset depletion of the cranks who have bought them.
As a gambling token, however, it’s very successful, as this chart of Solano (which is the foundation upon which Push.Fun sits) illustrates:
In turn, the anonymous man who created the website is flooded with profits. Here are some quick stats:
- Pump.fun has recorded $3.9 billion in trading volumes in the last 14 days.
- Almost 4 million tokens have launched on Pump.fun — just under 16,500 launched in a day.
- The Pump.fun memecoin ecosystem holds a market cap of $7.1 billion, representing 6% of Solana’s market cap.
- Pump.fun transactions represent over half of all monthly transactions on Solana.
This is all so vile, we need a cleaning, and what better figure to bring it than our beloved Alan Watts. I was reminded of his words as I learned about this Pump.fun fecal matter, and here’s what I’d like to share:
Therefore in the exploration of what you want, you get to the point where you have all pleasures at your command … and eventually you get like the ancient Romans … who had to go every Saturday to the coliseum for a show that really had to surpass everything, because they had public baths, they had prostitutes, they had every kind of luxury.
But when they went to see one of the big shows that people like Nero would put on, they would have, for example, floats surfing the coliseum, all full of slave girls from distant parts of the Mediterranean, who were garland with flowers and waving at the crowd innocently. And the next minute they would release wild lions into the arena to eat up all the slave girls. They got a big sadistic kick out that because you see, pursuing pleasure beyond a certain place takes you into what the Buddhists call the naraka world, which is to say the hells.
When you have explored pleasure to its ultimate limit the only thing you can get a kick out of is pain. So, naturally you descend from the deva world at the top of the wheel to the naraka world at the bottom, where it shows all of these beings in states of torture.
Now of course the priests say when they’re bringing up children, if you do bad things you will end up in the hell world. But this is a very inadequate way of showing how you get to the hell world. You get to the hell world as a result of not knowing what you want. As a result, of thoughtless pursuit of pleasure, which ends you eventually in the pursuit of pain. So, when you’re in the hell world that’s where you want to be.
Brilliant, as always, Alan! Because the “hell world” we find ourselves in right now is filled with 13 year old boys who have absolutely no moral compass and have been trained in little more than the criminal arts.
This depravity is all symptomatic of the age we live in. There’s way too much money sloshing around out there, and way too little thought. The Fourth Turning is a deeply diseased time, and it makes all the sense in the world that we are immersed in this insanity which only a few years ago would have been completely unimaginable.
And I think it’s all going to get a lot worse.
