building @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

I suspect there's an iteration of the model similar to how pump was successful with their bonding curve to graduation.

My hunch is the right model is:

1. Initially it's collecting
2. If you collect enough, you graduate to a coin (reflecting the attention garnered)
3. And most importantly, people know the rules of the game
4. Ultimately, most attention markets are very short-lived; durable ones are rare.

Pump’s bonding‐curve → graduation isn’t a universal template.
The idea that you can always start by “collecting” and then seamlessly “graduate” to a tradable coin assumes zero frictions in token issuance and legal compliance, and user understanding

But in reality it’s totally different

smart contract audits, gas‑fee spikes can stall or even kill momentum before “graduation” even begins