Web3
- PoS – Token holders have rights to receive all TEV. They typically keep most TEV, while paying out some portion to network operators (e.g., validator delegates) as a commission.
- PoW – Network operators (e.g., miners) have rights to receive all TEV. This is economically equivalent to PoS with 100% commissions.
L1 & L2 Token Value Capture - DBA
Devin Baker added 1mo
Filecoin functions as a peer-to-peer network for individuals to store and retrieve data across the internet. Traditional services that require sophisticated levels of data storage utilize either centralized systems or build it themselves. Filecoin’s goal is to fix this and offer bespoke or umbrella data services to everyone, anywhere in the world, ... See more
0xSmac • DePIN's Imperfect Present & Promising Future: A Deep Dive - Compound Writing
Devin Baker added 2mo
By 2028 the NFT landscape has shifted dramatically. While initial iterations of NFTs focused almost exclusively on profile pictures, art and gaming assets, the zeitgeist of NFTs is materially different in 2028. We now view them much more like containers for specific types of composable data to live – be that text, image, video, mapping, movement, l... See more
Compound Crypto • A Crypto Future: 2027-2028 — A Crypto Future
Devin Baker added 4mo
As you could see from the examples above, we’re trying to get at the “sustainability” of two related points here:
- Security – In the absence of indefinite subsidization (e.g., from token holders), you need REV to sustainably attract operators and potentially token stakers. An increase or decrease in REV can result in a corresponding increase or decr
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
Devin Baker added 1mo
At a high level, compute is just electricity transformed by a machine to perform a calculation . More precisely, it’s processing power, memory, networking, storage, and other resources required for the computational success of any program.
0xSmac • DePIN's Imperfect Present & Promising Future: A Deep Dive - Compound Writing
Devin Baker added 2mo
Self-sovereignty is no longer a fringe concept but rather a core principle for the majority of the world, albeit less so in the United States. Smart contracts are rapidly becoming the standard rather than a novel design meant for the corners of the internet.
Compound Crypto • A Crypto Future: 2027-2028 — A Crypto Future
Devin Baker added 4mo
However, compromising on decentralization has never been an option for the Ethereum community. It's also essential because it is closely tied to security and gives the Ethereum network properties like neutrality, censorship resistance, and permissionless-ness, which are equally important as the ones in the scalability trilemma.
Arjun Chand • Recapping the Rollups Roadmap on Bankless
Devin Baker added 2mo
Bitcoin is special. It was the first, and it’s still the most decentralized, credibly neutral, predictable, and reliable network. No other network can match its story, and perhaps no other will match these features.
Also, unlike most of its peers here, BTC makes no attempt to be a productive capital asset. Now, that may sound like a weakness at firs... See more
Also, unlike most of its peers here, BTC makes no attempt to be a productive capital asset. Now, that may sound like a weakness at firs... See more
Jon Charbonneau • L1 & L2 Token Value Capture - DBA
Devin Baker added 1mo
Now, it is still incredibly useful to calculate net income = income – expenses when evaluating any subset of token holders (and you’re not concerned with directly comparing the line items from PoW vs. PoS). For example, if you are considering staking a given token, you especially need to also know the expected net income from staking. The inverse i... See more
L1 & L2 Token Value Capture - DBA
Devin Baker added 1mo
There’s so much more design space to explore here, especially as adjacent technologies rapidly improve – better, cheaper, smaller and more efficient hardware is coming.
0xSmac • DePIN's Imperfect Present & Promising Future: A Deep Dive - Compound Writing
Devin Baker added 2mo