smartcoins

there seems to be a disconnect between your “smart coins” framing and “tokenize all media.” nothing positive sum about the latter in the current market with the current built environments. 

i think the “abundance of tokens” narrative only works when there’s a way to contextualize them, and for that you need networks/communities.

brykayne.com • Product Leader • ex-SuperRare • ex-Peloton • bry.base.eth

Liquid Collectibles

In a recent government hearing, someone referred to memecoins as “collectibles.”

When I think about low-priced coins - coins where the goal isn’t price discovery or speculation and where an underlying money market exists - I see 

Liquid Collectibles.

Some (but not all) thoughts:

1.	New Design Space - Most apps today focus on price, but what if an app optimized for quantity of coins rather than their price? Feels untapped.

2.	New Business Models - If quantity of coins is high and liquidity exists for each coin, there’s opportunity for a different business models. Need to think more on this aside from swap swap swap. 

3.  App Attack - The number of coin launchers is growing exponentially, yet very few apps are being built on top of those coins. Aside from /clankermon and kinda /nativefun, I can’t think of many experiences / products built on top of a large quantity of coins. Maybe this is the “app era unlock” we needed. 

More to come…

I think we’re entering an era of many types of tokens for many different use cases. 

For low mcap, high quant coins, something like this? maybe? curious your take/wish I just posted this in this thread.

I think we’re entering an era of many types of tokens for many different use cases. 

For low mcap, high quant coins, something like this? maybe? curious your take/wish I just posted this in this thread. 

https://warpcast.com/brykayne/0x2dd29510

New Kevin Kelly post: 

The Handoff to Bots

"Summary: Human populations will start to decrease globally in a few more decades. Thereafter fewer and few humans will be alive to contribute labor and to consume what is made. However at the same historical moment as this decrease, we are creating millions of AIs and robots and agents, who could potentially not only generate new and old things, but also consume them as well, and to continue to grow the economy in a new and different way. This is a Economic Handoff, from those who are born to those who are made."

https://kk.org/thetechnium/the-handoff-to-bots/

Thinking aloud:

Wouldn’t you argue that tokenizing everything would be zero-sum as long as population is flat or declining? 

Tokenizing everything is 100x-ing the supply of tokens while the demand is staying constant. So we need a new way to 100x the demand for those coins.

Since each person has a finite amount of attention, the only way to grow the “attention TAM” is to increase the population of humans or bots.

And since most pro-natalist efforts have failed, the solution worth pursuing would be increasing the number of bots as the consumers of these new coins.

Wdyt?

yes, i think attention TAM needs to grow

i haven't given much thought to bots/agents as the increase in TAM we're looking for, but my gut feeling is that that doesn't feel desirable. i don't want to build bots for the purpose of them being our exit liquidity, and frankly i'm not sure that bots actually increase attention TAM (because the money needs to come from somewhere, and it's likely coming from *people* who are already generally paying attention)

and i think population only sustainably increases by onboarding *communities* with new goals and aspirations or through existing communities. we've seen this time and time again in crypto – the tourists come and go, but those who find their people stick around. this will continue to be the case until the onchain internet is big enough that it can just be considered "the internet."

Thinking aloud:

Wouldn’t you argue that tokenizing everything would be zero-sum as long as population is flat or declining? 

Tokenizing everything is 100x-ing the supply of tokens while the demand is staying constant. So we need a new way to 100x the demand for those coins.

Since each person has a finite amount of attention, the only way to grow the “attention TAM” is to increase the population of humans or bots.

And since most pro-natalist efforts have failed, the solution worth pursuing would be increasing the number of bots as the consumers of these new coins.

Wdyt?

https://warpcast.com/zd/0x4b3ab6ce

Until there is a way to accrue value continuously instead of only the launch / early group, it will be PvP

Unfortunately, someone is supporting it who…
We’re expecting a complete chaos