@jonathancolton

I appreciate the robust discussion across Farcaster and X on creator coins. We're all trying to make sense of the "creator economy" and how it becomes a sustainable model. Stats @punk9059 made an observation that stuck with me: attention persists, tokens go to zero. We've seen it with NFTs, memecoins, and now creator tokens. The memes survive. The coins don't. The failure wasn't the creators or culture. It was the belief that attention itself is a sufficient economic primitive. Most creator tokens weren't hired to do anything durable. The only job consistently delivered: buy early and exit early. Once that job becomes visible, it collapses. Creators benefit when the price goes up. The community becomes exit liquidity. Platforms benefit from volume regardless of direction. Every swap generates fees. The L2 doesn't care if a token goes up or down. It cares that transactions happen. I'm not observing from outside. I have tokens on Zora and Paragraph — scattered, siloed, illiquid. The system isn't measuring what I create. It's measuring where I create it. Jesse said your creativity has value. I'd extend that: your attention has value too. The reality is that both are scattered and flowing somewhere else. https://paragraph.com/@jonathancolton.eth/your-creativity-and-attention-have-value

4 replies

8 recasts

19 reactions