alt Hacker NewsPeople can spin up magic crypto coins backed by other crypto coins at the push of a button.
Dirtbag crypto people will spin up a coin in the name of someone's software product, give the project owner a bunch of coin, make them feel special like they're suddenly part of lots of money, and then astroturf and pump the coin as much as they can before setting up for a rugpull by either the project owner trying to cash out, or the crypto folks trying to finish the job off.
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So I guess it’s just FOMO, because I still can’t really relate to why anyone would actually buy any of those coins.
You didn't answer the question though, you just double downed on crypto=bad.
If someone posts a github link of some LLM tool, clawbot or whatever. You are free to run or fork it and then some crypto bro creates a clawbot $coin.. nobody is forcing you to buy the $coin.
Fraudsters are essentially buying the "whitepaper" (technical/business legitimacy) in the classic crypto pump and dump scheme.