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The Age of Pump and Dump Software

Hacker News

The article discusses the emergence of 'Pump and Dump' software, a worrying trend combining crypto scams with AI-generated code, where poorly developed products are used for marketing and inflated valuations rather than genuine utility.

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龐氏騙局軟體的時代

Hacker News
大約 1 個月前

AI 生成摘要

文章探討了「龐氏騙局軟體」的興起,這是一種結合加密貨幣詐騙與AI生成程式碼的令人擔憂的新趨勢,其中劣質產品被用於市場行銷和抬高估值,而非實際用途。

The Age of Pump and Dump Software | by Tautvilas Mečinskas | Jan, 2026 | Medium

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The Age of Pump and Dump Software

A new worrying amalgamation of crypto scams and vibe coding emerges from the bowels of the internet in 2026

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2025 was the breakthrough year when software creation became easy. AI models became much better and even doing a “ralph loop” on a simple prompt in a few hours could produce copious amount of working code. As a result you would have burned through thousands of dollars of tokens to get some barely working “product” and you would have no idea who or why would use it. In order to develop it into proper offering you would have to learn how to code, product development, marketing and so on. But what if there was an easy way to “dump it” on unsuspecting masses?

The initial software Pump and Dump event could be considered when Cursor burned through millions of dollars to build a barely working browser. Naturally there was no way to finish such a monstrous heap of software into a working product and why would anybody use a vibe coded browser anyway? The “dump” on their end was to use this as marketing bait and a way to inflate their valuation.

At the start of 2026 “gastown” project attracted my attention. What initially looked as a schizoprenic vibe coded fever dream was touted by multiple tech blogs as possibly a “new thing”, maybe revolution of some sort. Later a blog post by project author announced that he had taken a donation from crypto bros and the things started to click together for me. That is how a new unholy frankenstein of vibe coding and crypto is born. This is how it works:

A few days ago I started being bombarded with hype posts about Clawdbot. I sincerely believe this is another instance of software “pump and dump”. Today after opening Linkedin the first three posts are #lookingforwork CTOs hyping Clawdbot as the next big thing. After taking a quick look at the project I have concluded that it is an unsecure mess and a vibecoded software blob that will be forgotten in a few months (or acquired by AI-rabid corporation if they get lucky!). What is important is that CLAWD coin tokens are kicking off right now and people are being lured into buying them as the hype grows.

So please look at these projects with a critical mindset. Keep in mind that many posts hyping them could be paid astroturfing by crypto and don’t fall for the vibe coded software FOMO hype. Otherwise you might be the one holding the bags in the end!

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Written by Tautvilas Mečinskas

Developer, CTO, dad. Sometimes I make jokes.

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