Better articulation

Two ways to increase asset prices in crypto:

1. attention
2. usage

Attention is easier but fleeting. Few assets can create ongoing attention. And even in that case, hard to compete with the attention / memetic Schelling Point of Bitcoin at scale.

The way to create ongoing value is transform attention to usage. 

But usage requires apps. Those can be onchain protocols, but likely also need retail / consumer apps to continue to scale.

Attention without usage eventually fades for everything else except Bitcoin. Half-life can be long.

My slightly different take:

All coins are coins are memecoins, including bitcoin

Crypto asset prices are based on

~belief~

And *one* (good) way to drive belief is attention / relevance

And *one* (good) way to drive attention is usage

Decentralized open source consciousness | Values-aligned communities | citizen of Black Rock City

So somewhat simplified:


   👑 Belief 👑

     ⬆️ ⬆️ ⬆️

 👀Attention 👀

     ⬆️ ⬆️ ⬆️

  💪 Usage 🦾