Empire

Tornado Cash's Victory, PumpFun Content Moderation, and Geopolitical BTC Demand | Roundup

18 snips
Nov 29, 2024
Explore the recent Fifth Circuit ruling on Tornado Cash, shedding light on crypto protocol implications. Dive into PumpFun's content moderation crisis and the tricky balance between free speech and community standards. Discover Brazil's proposed Bitcoin reserve bill and how global politics influence institutional crypto demand. The discussion also touches on the growth of Base, the dynamics of memecoins, and surprising shifts in legacy tokens, all wrapped in engaging banter and insightful analysis.
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ANECDOTE

Pumped Up Fun Debacle

  • Pumped Up Fun's live-streaming feature devolved into illegal and harmful content, including violence and hate speech.
  • The platform quickly disabled the feature after facing widespread criticism.
INSIGHT

Frontend Moderation

  • While blockchains are permissionless, centralized frontends have a responsibility to moderate content.
  • Preventing frontend censorship is a form of censorship itself.
INSIGHT

Memecoin Relevance

  • Memecoins remain relevant for onboarding and reflect industry attention.
  • Short-term volatility shouldn't change long-term theses.
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