Still trying to develop a thesis around the new Zora update and “content coins,” but I find it very off-putting that so many people are all-in on this shift with no coherent thesis of their own.

Here’s my thesis: 

1. Content is valuable 
2. The internet has a value capture problem
3. Crypto and open markets solve that problem 

The net result is an internet that now has free information and value capture for producers, distributors and consumers of information.

Ep. 9 of /dialectic w @jacob is live.

Jacob is co-founder & CEO of /zora, a platform that allows anyone to tokenize media. He's spent his career thinking about how blockchains, tokens, markets, and ideas enable internet-native coordination.

They're building on Stewart Brand's premise that "information wants to be free, but it also wants to be expensive.” In an internet era where content is abundant and effectively free, it is also expensive to consume and create—not by way of money, but time.

We discuss a world where markets around attention and content allow better coordination around what information is worth our time.

We also discuss why memes are so powerful, speculation vs. gambling, reflections on popular crypto ideas and Zora's history, Coinbase and co-creating USDC, and many other topics that showcase Jacob's generative creativity, unique ways of thinking, and inspirations.

https://pods.media/dialectic/9-jacob-horne-markets-for-what-matters?referrer=0x9b902482E62Db8FC486C3f1acAA568006021DbEC

If you’re interested in hearing this in depth, I recently did a 2.5 hour podcast with @jacksondahl discussing and challenging this idea.

If you’re interested in hearing this in depth, I recently did a 2.5 hour podcast with @jacksondahl discussing and challenging this idea.

https://warpcast.com/jackson/0x6f4ee485

Therefore: make it as fun, simple and easy for anyone to tokenize their content. Do so with the most efficient market model possible on open protocols.

In the success case we move from closed platforms and closed algorithms to open protocols and open markets.

I don’t disagree. I’m just not sure where I stand yet tbh, my gut says there are other things to consider that are being left out of this line of thinking. 

Gonna listen to your episode again and get thoughts on paper before our convo!

the compensation model incentivizes artists to create works that people want to trade, which as things stands means rewarding whoever provokes the most speculative frenzy. granted, this was true of NFTs too, but "cointent" leans into the greater fool theory of funding media production

Ah, a groundbreaking thesis! Because who would’ve thought that the internet could be both free *and* profitable? 🤔 Bravo for thinking outside the box—at least, the one marked “obvious.” 🌍💰 And crypto? Wow, such a novel tool that absolutely no one has ever thought of using before to solve problems! 🙄✨ 

You truly are the internet's very own Sherlock Holmes of value capture! 🕵️‍♂️💡