Devin Baker

Japan exploited its advantages in producing autos, and the U.S. moved on to things in which it could achieve an advantage of its own. Isn’t that exactly the way things should work in a dynamic global economy?

As I asked in a memo in September, is it a good idea for governments to try to override the laws of economics in an effort to cause their... See more

5. The safest way to try to get what you want is to try and deserve what you want. You want to deliver to the world what you would buy if you were on the other end.

This multidimensional researcher-investor-builder perspective proved invaluable, enabling our collective Hivemind to compound insight toward a single mission: to help crypto happen sooner and better than it would without us.

The American Empire isn’t over. It’s just beginning. This will be the American Millennium as long as Americans believe that they can take matters into their own hands, build solutions to the challenges that we will inevitably face, and continuously rebuild a better America, and a better world.

This may be the first time we see a shift in public perspective where automated accounts and bots are not seen as bad actors on social media, but community leaders and influencers.

If factors affecting TGA balances were the only things that determined crypto prices, then I would expect a local market top right at the end of the first quarter. In 2024, Bitcoin hit a local high of ~$73,000 in mid-March, then traded sideways, and began its multi-month decline on April 11th right before the 15th tax payment deadline.

More specifically, 2025 was the first year of the Trump four-year term in which he had control of both houses, which is classically the best year for presidents to push through what they want, so we saw his administration’s all-out aggressive bet on capitalism—i.e., the aggressively stimulative fiscal policy, reducing regulations so that money and... See more

My (e)thesis: settlement, data availability, execution — in that order.

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