There are lots of live Sqoii memecoins and screenshots involving the pump. fun livestream feature where some of these memecoins have pumped to their fullest extent, but after the cult disconnects for their sick minds but not for anybody else.
With the new feature, users can promote tokens via community-driven tools such as live streams, and unsurprisingly, the crypto community is outraged and calling for the feature to be closed down altogether or moderated more strictly.
Pudgy Penguins posted that Beau, a safety project manager-employee, alerted them to a concerning event on Pump. Fun on November 25. A user threatened to take their life if its token’s market cap wasn’t at least $150 million on a live stream.
Pump fun needs to turn off livestreams immediately.
Instant financial gratification in return for obscenity has created some truly disgusting outcomes
I’d genuinely advise PF to turn off their livestream feature until they can get moderation active. The content being streamed… pic.twitter.com/RQhduYMeCG
— Eddie 🕺 (@DancingEddie_) November 22, 2024
Pump .fun suggested that Beau urge the live streamer to disable their livestream and that he would request a pump. fun ‘intervene and take facilitate of [the] individual,’ previously telling CNBC that the livestream feature had already ‘got out of control.’
Pump.fun Faces Criticism Over Violent Threats on Livestreams
The trend doesn’t stop there being alarming. Other community members report being subject to violent threats on livestreams. Specifically, they include a user firing a gun out of a window should their coin price ever go up, another shooting their uncle in the genitals in transactions worth less than 10 satoshis, and another promising a school will be stabbed if their memecoin didn’t ‘pump.’
Critics have labeled the platform’s livestream feature a ‘pipeline of felonies.’ One X user begged Pump. fun to shut down live streams until better moderation tools are enabled, ‘Turning a camera on to share your depravity to the world isn’t noble or in any way new.’
Pump. Fun’s pseudonymous leader, Alon, echoed concerns over the platform but said it had done enough to moderate it. Alon says the Pump. fun team monitors and moderates the site’s images, videos, live streams, and comments.
something bad is gonna happen on pumpfun eventually, just a matter of time pic.twitter.com/vbKdLXi59q
— DANIEL GOT HITS (@danielgothits) November 25, 2024
“We always put moderation at the forefront since the platform’s inception,” Alon said, noting that the team is trying to combat harmful content. However, details on how these measures are enforced or whether new protections will be added are unclear.
Calls for greater transparency and immediate intervention have been mounting while Pump. Fun claims it is battling bad content. However, critics say the current moderation on the platform isn’t adequate for keeping violent or harmful broadcasts off the platform.
The community has offered suggestions, from strictly disabling the livestream feature until it’s in place to having the most robust safeguards. So far, there haven’t been any concrete changes in Pump. fun’s policies.
The controversy surrounding Pump. fun underscores a growing challenge for decentralized platforms: balancing user freedom and community safety. As they grow in popularity, platforms such as Pump. fun will likely become critical to their long-term viability. Misuse and setting accountability will be handled.
But the crypto community continues to wait to see where Pump. fun goes from here, and where exactly the Imposter and its Pump can go.
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