Vitalik Buterin said apps like Pump.Fun exemplify negative social philosophy due to harmful and speculative practices

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To make his point, he listed four apps as examples of “good social philosophy” — Railgun, Farcaster, Polymarket, and Signal — and others as “bad,” including Pump.Fun, Terra/Luna, and FTX. His message is that apps reflect intent as much as they reflect code. And when that intent is misaligned, it can lead to extractive behaviour, misplaced priorities, or systems that serve narrow interests over broader public good.
Ethereum co-founder Vitalik Buterin believes that the direction of blockchain applications often mirrors the intentions and ethics of their creators. He cites that projects like Pump.fun are derived from bad social philosophy.
Vitalik Buterin says apps reflect ideology as much as code. He listed Polymarket as ‘good philosophy’ and Pump.Fun as bad.
To make his point, he listed four apps as examples of “good social philosophy” — Railgun, Farcaster, Polymarket, and Signal — and others as “bad,” including Pump.Fun, Terra/Luna, and FTX. His message is that apps reflect intent as much as they reflect code. And when that intent is misaligned, it can lead to extractive behaviour, misplaced priorities, or systems that serve narrow interests over broader public good.