My message to
@a1lon9, from someone who loves Solana:
"Hey man,
You probably get hundreds of dm's per day so I'll probably just be one more but in the event you do decide to read this I will give you my thoughts on how I think Pump Fun should move forward.
I've been a strategy consultant for a big part of my life and I think Solana is at a very difficult cross roads with Pump Fun in the middle as the main stakeholder. More than ever, what you guys do is crucial for the survival of the ecosystem.
I believe you should stop looking at short term profitability optimization and look instead at how you can make the ecosystem prosper in the long term. Pump Fun's influence on the ecosystem is so big that you can no longer look at it as an isolated participant in it. Therefore, your long term profitability is tightly linked with how the ecosystem performs in the long run. This is why I believe you should look to optimize the health of the Solana ecosystem if you want Pump Fun to keep prospering in the long term. There have been way too many cases in history of a monopoly taking down an entire industry with itself over short term greed - this is bad for both the industry, and the monopoly itself.
Pump Fun at its current state is extremely toxic - there are way too many coins because coin creation is free. This causes extreme PvP behavior amongst market participants because liquidity is spread extremely thin, there is no financial incentive to hold coins for most market participants, and this causes a domino effect where people lose faith in long term coins, accelerating the rate of rotation between them. This is obviously bad for the Ecosystem because you want coins to prosper and communities to rally around a specific coin, which Pump Fun is currently a huge barrier to. Additionally, Pump Fun is currently a huge enabler to a myriad of different behaviors which are almost uniformly seen by the crypto community as immoral and wrong, such as rugs and farms.
I think all all of these issues are nuanced and should be discussed at length, but one measure I think absolutely needs to change is the fee of token creation. From my perspective, you should absolutely increase the cost of coin creation to a significant, yet still low value - 1 Sol, for example. This would drastically reduce the rate of coin creation, yet would still be a low enough barrier to entry where freedom and liberty to create coins remains. If you want to take it one step further, you can incentivize proper deployer behaviour by returning the 1 Sol in the case of a successful migration. Additionally, if an individual believes 1 Sol is a significant enough barrier to entry, then it becomes clear that the purpose of deploying sad coin is malicious and there is no belief in the long term prosperity of the coin itself, meaning it should not happen anyway, as per the consensus of the crypto community.
If you want, I'd be more than happy to openly discuss this with you over some form of call format. I'd love to hear what you have to say on this subject and I think action is required now, more than ever before."
TLDR: Sol is suffering cause Pump Fun's monopoly allows ppl to create coins for free. We need to increase the cost of token creation so save the ecosystem.