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JB Rubinovitz ⌐◨-◨
@rubinovitz
There’s a tension between the subculture catalyst thesis and how speculation drives the crypto economy today. See this QC of how the higher bot is getting loads of mints vs artists program. There’s probably a way to drive speculative mints as a subculture: do historic, outlier things in the subculture But that’s not easy! And do we wanna subsidize getting there and if so how much? https://warpcast.com/sqx/0x77b37fed
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Nounish Prof ⌐◧-◧🎩
@nounishprof
I don’t think it’s speculative. In this case, it’s also provenance. And @sqx can say it’s not dramatically new, except that it is. And that’s why it’s getting so much attention. We’re in an attention economy. Capture attention; capture the value that goes with it.
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JB Rubinovitz ⌐◨-◨
@rubinovitz
Can you explain more what you mean about provenance? I understand provenance as a concept but don’t think it inherently drives value. Can also just watch your show for this if you’re going into this tomorrow :)
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Nounish Prof ⌐◧-◧🎩
@nounishprof
🤣 yeah we’ll pretty much just be taking about all this tomorrow. Using provenance in this context since the mint referred to was of the first tx by the bot and the first of aethernet’s zora nfts (although I did capture a cast as a moshicam mint too). So some people like me mint just to mark the moment and remember this first. Others may see the provenance as speculative value capture —speculating that it may be worth something some day. Either way — the provenance of this “first” is what drove attention.
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