Philip Decker pfp
Philip Decker
@psd
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”.
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Philip Decker pfp
Philip Decker
@psd
6/6 ( I totally fudged the numbering, oh well) Admittedly, that’s a strange concept. How do you build a store-of-value out of attention? Well, it would look something like this: “touch grass, earn points”. A consumer crypto app that mints “attention tokens” only when you stay off social media. Open tiktok, and the points stop. Scarce. Durable. And fungible. In our hyper-distracted and manipulated world, where everyone’s mind has been hijacked with a dizzying stream of digital slop, “attention” becomes the culturally relevant tulips, wampum and Rai stones of our time. And might just free us from our digital chains.
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