Crypto Faces a New Challenge… Streamers
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A certain guy who goes live online with the name ****thebuilder got permanently banned from Kick for extremely toxic behavior. Within 24 hours he was streaming on the pump fun with a token named after himself, launched a memecoin, and claims bigger earnings than his full Kick career ( if you can even call what he’s doing a career )this is also happening amidst the already turbulent drama with multiple time rugger Ben Pasternak illustrates this pattern in the space.
Permissionless blockchains and launchpads can’t selectively ban users without losing their core neutrality, they know this… and they might not want to ban anyone anyways considering they make money off the fee structure
That cypherpunk design has protected real innovation and speech. But memecoins create direct financial incentives: audiences invest in the creator’s continued (often banned) content, turning every stream into a price event that rewards what other platforms prohibit, simultaneously allowing for these so called creators to extract from crypto
Regulators pushing for more control over “toxic” memecoins or platforms now face a harder question: how do you regulate outcomes when the architecture financially aligns creators and holders around sustained provocation? Traditional deplatforming fails here, it amplifies instead… maybe the answer is to tear the whole system down
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