Web3

but what i find most powerful about hypersub is that it enables followers to derive more than just informational value from creators; it enables followers to derive financial value, as well.

through hypersub's rewards model, followers are incentivized to discover and subscribe to emerging creators in whom they believe. followers, therefore, have a... See more

Network TEV (Total Economic Value) is defined as follows:

TEV = Network Fees + MEV Tips + Issuance

Just as falling compute costs unlocked the internet boom, lower transaction fees will unlock new application categories and use cases. The main comparison here is that general-purpose compute and coordination layers are more akin to AWS or Linux than HTTP. Ethereum and Solana are not simply “settling” transactions, but enabling programmable state... See more

For example, if public debt is compounding higher at a 7-8% annual clip, then liquidity needs to keep pace to avoid financial crises. Think of it as the ‘cost’ of stability. This rate of monetary inflation represents a return hurdle for other assets because it measures the rate of debasement of paper money. Hence, investors need to figure which... See more

The beauty of blockchains and smart contracts is that they are under-explored spaces in which you can look at problems through a news lens – specifically those related to capital formation, coordination and automation.

Seed Club is a participant-owned venture network. It’s a bet that doing venture capital from the first principles of a network instead of the first principles of a firm will create dramatically more interesting outcomes.

It’s a subtle but fundamental shift. It means that instead of the organization at large being narrowly focused on investing... See more

With all the basics in place, let’s put it together with a simple valuation example. Consider the price at which a single rational value investor would be willing to purchase all tokens for a given network:

• For simplicity, we will assume all REV for this network are paid in assets other than the native token (e.g., paid in USDC). This makes it

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Ultimately, as I argue in this essay, these changes will increase the supply of fiat money and financial repression globally. These two things must happen because no US, EU, Chinese, or Japanese leaders wish to deleverage their system to bring it into a new sustainable equilibrium. Instead, they will print money and destroy the real purchasing... See more

Because of the high costs associated with running a Solana validator, you need quite a bit of stake to breakeven (either your own stake or delegated). The SFDP (Solana Foundation Delegation Program) exists to help get validators started and promote a healthy set of operators. This is done primarily with stake matching (up to 100k SOL) and helping... See more