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Tokens in the attention economy

  • Article
  • Dec 28, 2021
  • #Cryptocurrency
Cobie
@CryptoCobain
(Author)
cobie.substack.com
Read on Substack
4 Recommenders
4 Mentions
People talk a lot about scarcity in crypto. Whether it’s enforcing digital scarcity through NFTs or the idea that “there’s 55m millionaires but only 21m bitcoins”. In reality, the o... Show More

People talk a lot about scarcity in crypto. Whether it’s enforcing digital scarcity through NFTs or the idea that “there’s 55m millionaires but only 21m bitcoins”. In reality, the only scarce resource in crypto is attention. Risk-seeking capital is certainly not scarce. People that joined crypto in summer 2021 are raising multi-billion dollar funds to explore “the metaverse” and to decentralize Uber. One billion dollars is not very much money anymore.

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Brad Mills @bradmillscan · Dec 28, 2021
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Reminiscences of a Token Operator ^anyone messing around in the crypto markets should be reading Cobie's blog for really valuable insights on how the markets work. As Bitcoiners, we should step outside the echo chamber and read this as well. It's entertaining & relevant.
Joey DeBruin @Joey_DeBruin · Dec 28, 2021
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“The only scarce resource in crypto is attention” is another great way to say that builders should feel free to focus first on creating actually useful products. Great read from @cobie
Aarthi Ramamurthy @aarthir · Dec 28, 2021
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Fantastic piece on how attention is the only scarce resource in crypto by @cobie (really great substack overall too) -
tandavas.eth 👘 👻🌟 @tandavas · Dec 28, 2021
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"Attention is the only scarce resource in crypto." good read 💯
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