Philip Decker
@psd
126 Following
46 Followers
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1/5 Attention Tokens: Cultural Stores of Value in a Hyper-Distracted World
At the bottom of it all, crypto is a few core things: (1) a digital store of value (btc), (2) a currency (USDT, USDC), and (3) a hyper-connected incentive mechanism.
The first 2 are well on their way. I want to focus on the 3rd, mostly because I believe it has the potential to be the most impactful. Munger said it best, “show me the incentive, and I’ll show you the outcome”. In our hyper-distracted world, the incentive is to keep doom-scrolling, keep frying our attention, keep that dopamine drip flowing. My thesis is that the stage is now set for a new crypto store-of-value to incentivize a reawakening of the human mind, freeing us from the shackles of social media. I call them “Attention Tokens”. 4 replies
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Touch grass. Earn points.
Problem: Digital addiction
Pings have eaten the world. Hijacked our attention. And depressed our kids. Now, everyday is an endless stream of alerts, updates, slacks, dms, emails, videos, replies, likes and follows. This is obvious. As are the detrimental effects on our mental health. There’s no end in sight. And there’s no incentive for anyone to turn it off. But there should be.
Solution:
An app and token that incentivizes users to stay off social media.
The app monitors all programs running on a mobile client (user permission requested), and when social media apps are closed, the faucet dispenses off-chain points (redeemable for tokens at a later TGE) to the user. When the user opens TikTok (insta, X, etc), the points stops.
Incentives are the most powerful tool man has ever created. Lets use them to reorient human attention, get people off social media and back in the real world.
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Love this!
As a former in-house counsel at Amex, I transitioned to the business side (corp strategy) 2 years ago to push crypto, and fully agree my experience helped immensely. Tho, we’re still not doing anything in crypto ha.
Anyways, law school is all about getting good at issue spotting. And then applying the relevant rules/laws (IRAC, anyone?). I think that’s one of the main skills that translates to many facets of business…figuring out quickly what the main issue is and solving for that. I see many of my colleagues get bogged down with irrelevant facts/concerns that don’t drive to the heart of the matter.
But, I also worked with many lawyers who were too far along in their careers, and too hard-headed, loved to argue way too much, and seemingly didn’t have any empathy for our customers, to make the transition to the biz.
So ur spot on with lawyers making the transition early/mid career. Before their minds cement into arrogance. 1 reply
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