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.

3 might be the hardest challenge we face if we want content coins to become the norm. My guess is that retail could be protected by mechanisms like automatic limit orders - thinking about selling your coin when it goes high is a trader activity.