"Moment of Zen"

Crypto, Memes, and Politics with Li Jin

Apr 7, 2024
Guest
Li Jin
Li Jin, co-founder of Variant Fund, talks with Erik Torenberg, Dan Romero, and Antonio Garcia Martinez about crypto, web3, memecoins, attention economics, and the impact of techno-capitalism. They discuss cultural differences, decentralization, meme coins, and the attention economy thesis.
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INSIGHT

Crypto: A New Attention Economy

  • The attention economy, where attention is a scarce resource bought and sold, has been discussed since the 1970s.
  • Crypto introduces attention assets like tokens, allowing users to invest in ideas and benefit from their rising popularity.
INSIGHT

Vibe Matters in Crypto

  • Vibe and meme culture significantly influence success in crypto, often more than technical specs.
  • A charismatic leader capable of building an attention economy is essential for projects to gain traction.
ADVICE

Build Your Audience

  • Build a personal following on Twitter, Farcaster, or through a newsletter.
  • Owning your distribution is crucial for consumer products, especially in a crowded market.
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