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incentivizing things @ poidh.xyz - come chill /poidh + follow @poidhbot

There's an ideological clash at play here. People associating intrinsic value with attention are missing (or are aware but plan to get out before it crashes) the point that attention is ephemeral. The OGs of crypto were philosophically driven by the understanding that economic value of a crypto asset must be driven by something meaningful either immediately or long term, or it is inherently worthless/will rug. Bitcoin was inherently meaningful because of the miners themselves creating an intrinsic relationship between the coin and the energy expenditure. Later generations had direct utility relationships (Eth, Sol, etc.). Celebrity meme coins are simply financialization of attention, and specifically to one individual. That doesn't pan out without something "real" attached, like Bowie Bonds, well before crypto ever existed.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium