Package-Hustle-Pump-Dump loop. PHPD.
Not just art. Economy of whole top 2/3 of Maslow pyramid seems to run on it. If you’re not willing to play, you’ll leave 70% of the value of anything you do on the table. It’s the part that comes from signaling value.
nytimes.com/2019/03/23/art
Conversation
The economy is like a deep learning AI in that it cannot “see” or price the part humans find valuable directly. It can only price the metadata so to speak: revealed preference patterns evident in memetic spread. So if you can hack that, you can hack price, demand, and supply.
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There’s just enough people who are clueless/bot-like in that they’ll value things purely on social proof, for the scheme to work. Anything can be tokenized like a crypto token and turned into fodder for this machine, so long as it’s not life-critical bottom-of-Maslow stuff.
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Even then,sometimes signal value can outbid intrinsic value for stuff like water. Securitize, tokenize, PHPD...
The invisible hand is also guided by a half-blind eye that can only see things “priced into” memetic spread dynamics. If it can’t be memefied it can’t be priced.
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I’ve been trying to construct a markets-and-process analogy to James Scott’s legibility-failure model of authoritarian high modernism, and I think this is it. Memetic Network Modernism.
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Replying to
Have you talked to / pinged
David Ronfeldt about the idea? I think he'd be interesting to talk to about it. (He's on Facebook.)
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No, I don’t generally talk about my thinking with anyone till it’s fully baked enough that I don’t have to because it speaks for itself, warts and all🙂

