Devin Baker

Let’s look at Solana validator economics here as an example just to get some order of magnitude ideas. Solana is more expensive for validators to run compared to most networks. The resource requirements are higher than average, but it’s certainly not as unattainable as is commonly believed. You can run a Solana validator full node for as low as $35... 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.

The more time passes, the more I believe crypto natives have completely lost the plot on ETH and that’s it’s becoming impossible to replicate the product that Ethereum has built.

At this point, no other ecosystem is even attempting to create a WWIII-resistant, globally shared settlement system. And as we’ve come to understand, you can’t... See more

The second point is that these open-source decentralized ledgers have network effects, and thus the largest and most robust one is the most valuable by far. If someone expects it to get completely disrupted at some point, then they might rationally avoid investing in it. If they instead expect that it’ll keep updating and remain in the lead with... See more

But there’s a perception now that all the smartest people are over buying smart contract chains. Smart people know the jig is up. If not now, then soon. The only people buying here are suckers—Uber drivers, Tom Lee, and KOLs who say stuff like “trillions.” And maybe the US Treasury. But not the smart money.

This is bullshit.I don’t believe it, and... See more

If Believe can execute on its vision, we think there is a nonzero chance that it can make a name for itself in early stage capital markets as a platform for microcap investing, especially as AI tooling and vibe coding lowers the barrier to app development.