I think ideas from it will probably partially inspire future, simpler systems.
And FOMO stories about missing out on Bitcoin when he knew about it, so he doesn't want you to miss out on this new opportunity to get "filthy rich" as an "investor" while you still can.
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.
https://apps.apple.com/app/bags-financial-messenger/id647319...
The tagline of the app? "Buy & sell memecoins". Transparently advertised as a crowdfunding mechanism using memecoins.
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.
You're being bamboozled. Google the name of it. Search it on Twitter and 4chan. Watch any Coffeezilla video.
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.
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.
https://x.com/Fizzy__01/status/1956006313848397861
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.
Look at the dozens of replies to all of Yegge's posts, now: https://x.com/Steve_Yegge/status/2014530592134910215
https://github.com/SimHacker/moollm/tree/main/skills/economy...
The official currency of MOOLLM is MOOLAH. It uses PROOF OF MILK consensus — udderly legen-dairy interga-lactic shit coin, without the bull.
The swings on BTC price are absolutely insane, and ETH even more so (which is even more risky, without showing higher gains).
donations?
Gastown looks like a viable avenue for some app development. One of the most interesting things I've noticed about AI development is that it forces one to articulate desired and prohibited behaviors -- a spec becomes a true driving force.
Yegge's posts are always hyperbolic and he consistently presents interesting takes on the industry so I'm willing to cut him a buttload of slack.
Note the word "future" not "present". People are making a prediction of where things will go. I haven't seen a single person saying that Gas Town as it exists today is ready for production-grade engineering project.
Is Gas Town the implementation? I'm not sure.
What is interesting is seeing how this paradigm can help improve one's workflow. There is still a lot of guidance and structuring of prompts / claude.md / whichever files that need to be carefully written.
If there is a push for the equivalent of helm charts and crds for gas town, then I will be concerned.
I don't spend much time on LinkedIn, but basically every comment I've read on HN is that, at best, Gas Town can pump out a huge amount of "working" code in short timeframes at obscene costs.
The overwhelming majority are saying "This is neat, and this might be the rough shape of what comes next in agentic coding, but it's almost certainly not going to be Gas Town itself."
I have seen basically no one say that Gas Town is the The Thing.
Welcome to being a member of a product team who cares beyond just whats on their screen... Honestly there is a humbling moment coming for everyone, it and Im not sure its unemployment.