six
@six
thematically it is intuitive that "information markets" created by verifiable scarcity can help us identify signal within an expanding sea of noise and slop.
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six
@six
a question would be the relationship between virality and signal. for example, the "ice cream so good" girl was viral once upon a time, and her livestream coin would reach a super high market cap, but imo not super valuable content or high signal.
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kia
@kia
hard disagree with the example incredibly valuable insight on the psyche of the audience one man's noise is another man's signal
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six
@six
that kinda feels like a cop out imo, in that case, all viral slop is valuable because it delivers insight on the psyche of the audience which, then, at that point, nullifies the original point about markets deriving signal
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kia
@kia
value of the information revealed by the market is not equal to the value of the market price of oil is valuable information but it's not the same value as the oil itself knowing what people pay attention to is valuable information but not the same value as the thing they pay attention to
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six
@six
yes i'm in agreement with you there let us say there is a coin for the livestream. it goes super high because the livestream goes viral. i agree with you that price action is very valuable information. i do not think the livestream content is /itself/ valuable. the coin price in theory should reflect the value of the livestream content, not the metasignal. so to me that is an overpriced coin, which means the market is not fulfilling its purpose of identifying valuable content, only viral content.
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