Content
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https://warpcast.com/~/channel/coins
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jesse.base.eth 🔵
@jessepollak
try to argue against content coins from first principles. if a video on tiktok has millions of views, it has value. why should a single platform control that value? why shouldn't that value be explicit? why shouldn't the creator benefit from that value? seems good to me.
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binji 🔴
@binji.eth
one pushback here could be that the millions of tiktok views has value because it means more people get to see the ads that are attached to it; the ad model is how tik tok monetizes > today; 100% of that money goes to the platform; instead, more should go to BOTH the user who saw the ad and the content creator.
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jesse.base.eth 🔵
@jessepollak
right but ads are just monetizing the attention what if the attention itself is inherently valuable? that's the value of the piece of content.
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binji 🔴
@binji.eth
ads monetize the attention of the viewer of the content; as onchain taste profiles grow (via tx history) perhaps onchain businesses can start monetize the attention of the collector is this in line with your thinking?
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jesse.base.eth 🔵
@jessepollak
no I'm saying that the attention is in and of itself valuable and you can manifest that value by tokenizing the content
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binji 🔴
@binji.eth
the part i have trouble with (until the behavior — or my understanding — scales) is that today I pay attention with my eyes not with my wallet
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nir.eth
@nir
Is it though? What makes it valuable without using external examples of how that attention drives value? If not for the economic activity the attention drives, what definitionally makes it valuable?
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Chaotic Monk
@chaoticmonk
I hear you, as a counter - this argument could be made for memecoins as well. Memes brings attention with lore and just being fun to share and use them in certain contexts. Does it mean there's a sustainable market for memecoins?!
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