Recent human neurophysiological recordings have uncovered two fundamental modes of cerebral cortex activity with distinct dynamics: an active mode characterized by a rapid and sustained activity ("ignition") and a spontaneous (resting-state) mode, manifesting ultra-slow fluctuations of low amplitude. We propose that both dynamics reflect two faces of the same recurrent loop mechanism: an integration device that accumulates ongoing stochastic activity and, either spontaneously or in a task-driven manner, crosses a dynamic threshold and ignites, leading to content-specific awareness. The hypothesis can explain a rich set of behavioral and neuronal phenomena, such as perceptual threshold, the high non-linearity of visual responses, the subliminal nature of spontaneous activity fluctuations, and the slow activity buildup anticipating spontaneous behavior (e.g., readiness potential). Further elaborations of this unified scheme, such as a cascade of integrators with different ignition thresholds or multi-stable states, can account for additional complexities in the repertoire of human cortical dynamics.