I'm googling "bags.fm", everything I can find is about money going to creators. Literally nothing suggesting that you're going to get rich by buying these tokens.
Searching for "bags.fm" on X with keywords like "invest" or "rich" or "moon" also does not seem to return any conversations referring to anyone but the creators getting rich.
I can't find any bags.fm references on 4chan, and searching for gas town instead doesn't seem to bring up anything cryptocurrency related in the archive.
> You're being bamboozled
I don't think so. I suspect the world is so full of crypto scams that when someone does something explicitly non-scammy ("Hey, here's a crypto thing you can use to give me free money!") people still incorrectly view it as scammy because of crypto.
How many memecoin "investors" do you think view these as serious investments? I suspect essentially none of them.
How many memecoin "investors" are degenerate gambling addicts who need treatment? Probably most of them.
Taking money from vulnerable gambling addicts is certainly not ideal, but it's far from scammy.
100% of these things are somewhere on the scam and fraud spectrum. An unscrupulous person creates a token or a platform for creating tokens with the goal of raising the worthless token's price so they can parasitically make millions from something that holds zero value.
The "fund creators" thing is a common ploy. If they actually wanted to do that, they'd make it so you can only donate with dollars or stablecoins.
Yegge himself wrote a blog post to his non crypto audience calling it an investment that he hopes makes its investors filthy rich. He pumped it, then he dumped it, and announced he’s walking away from it at that point after taking his profits and crashing its value.
I don’t know why you’re talking about existing hardcore BAGS addicts when the topic is Yegge promoting a crypto grift to his own general audience as an investment and then running the typical pump and dump scam on them.
Searching for "bags.fm" on X with keywords like "invest" or "rich" or "moon" also does not seem to return any conversations referring to anyone but the creators getting rich.
I can't find any bags.fm references on 4chan, and searching for gas town instead doesn't seem to bring up anything cryptocurrency related in the archive.
> You're being bamboozled
I don't think so. I suspect the world is so full of crypto scams that when someone does something explicitly non-scammy ("Hey, here's a crypto thing you can use to give me free money!") people still incorrectly view it as scammy because of crypto.
How many memecoin "investors" do you think view these as serious investments? I suspect essentially none of them.
How many memecoin "investors" are degenerate gambling addicts who need treatment? Probably most of them.
Taking money from vulnerable gambling addicts is certainly not ideal, but it's far from scammy.