Devin Baker

I wanted the brand to have my face. I wanted the product to convey the culture, life, lifestyle, dignity of work. We are a listed company, and I wanted to manufacture a product with dignity. I wanted a profit with dignity. Because the press all talk about the moral ethics of profit. Why can’t we have a dignified profit then?

Would you buy something... See more

A “40%” allocation within this construct can include investment expressions like AI or culture assets, poker/sports gambling income, biotech IP: these assets transform energy-intensive labor into income without leverage, and high payouts.

Gambling and trading address lower-rung needs: security (hit a big lick to escape your economic situation)—and maybe (just maybe) community, like when WallStreetBets tries to stick it to Citadel, or you bet on your team with friends. Investing maps closer to the top of the hierarchy: self-actualization and purpose. Owning a home is the American... See more

Next, we will strip out inflation, giving us network REV (Real Economic Value):

REV = Network Fees + MEV Tips

REV excludes issuance, as that is not real value generated.

As the hero, you get to stand up to those notions and reframe who you are. You get to teach those around you about who you have become. And this last phase—the landing, the integration, the return—cannot be avoided. Because if you refuse to return home, if you refuse to integrate, then your life just gets heavier. You end up with all of this... See more

Rollups depend on Ethereum for security and decentralization , while Ethereum depends on rollups to expand the economic activity of the ecosystem .

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

So as funny as it may sound, it should be clear now that issuance to stakers is not a “cost to the network”, even if it has potential associated “sell pressure.” Look, none of this is to say that inflation doesn’t matter. It does! That’s all the more reason why we need to start explaining it logically. Stop saying that inflation is a cost to the... See more

But even with the decentralized control of Web3, the internet still lacked a critical component: autonomous intelligence. Web3 may have decentralized the interactions made possible by Web2, but it didn’t fully automate decision-making, content creation, or economic interactions.

Humans are required at every step of the way, and machines are merely... See more