jihad ↑
@jihad
We claim to have “attention markets” today, but do we really? This would imply that price of a proxy asset is directly correlated with aggregate attention on a meme/idea/information. Or at least that volume is correlated. Trump is no less relevant now than he was when his coin dropped — is the token accurately capturing attention? The nature of tokens is such that you need *consistent value creation* to sustain the relationship between attention and price, and we don’t currently see that with tokens today.
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Tamrat
@tamrat
I think we have to be more specific about what “attention market” measures Trump launching a token is an unprecedented event. As such the attention market cap reflected that reality. But after a few days the novelty of trump launching a token started to die away and we dont even talk about it anymore. Attention market cap for it reflects that too. Trump the man will always garner attention but what the token was measuring was “Trump + Trump launching a coin”
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jihad ↑
@jihad
Fair. But isn’t that true for all “content coins” then? The coin will always represent Creator + Hype around the moment they dropped — not some sort of sustainable content value
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Tamrat
@tamrat
I don’t believe that the content has some intrinsic “sustainable content value” imo considering how much content gets produced every minute almost all content has close to 0 monetary value. But the difference with content+coin format is that *if* that content goes viral it now has intrinsic mechanism built in to be able to capture some value
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