Devin Baker

Post-PMF

Probably the optimal time to launch a token. Also the most rare. At this stage you have a product that clearly demonstrates value and the token can serve as a mechanism for rewarding the earliest contributors who helped you find PMF, scale adoption, align future incentives and distribute ownership to participants.

You have a society where:

•the young produce most of the real economic output

•the old own most of the financial claims on that output

That is not capitalism.

That is not socialism.

It is a hybrid pressure cooker that has only one escape valve.

4. That escape valve is non custodial, non political, non permissioned digital asset accumulation.

As the role of the individual in value creation becomes more commonplace, the next evolutionary step is toward software that is not only built, operated, and funded by individual users—but owned by users too.

As unpredictable as it is, this is a revolutionary time. One in which you can make the world fit you, instead of trying to fit into the world. People will always get up on stages and sit behind desks to tell you how things are. But they will never be able to tell you how things can be. That part’s on you to determine.

By the end of 2028 we haven’t quite recaptured the all-time highs of crypto market capitalization, but the relevance of this all-encompassing statistic has diminished. There’s now comfortably $20+ trillion of crypto assets, but more importantly the technology has penetrated so many verticals – albeit to varying degrees – that we no longer speak in... See more

Until last year, launching an onchain subscription was difficult, as NFTs and ERC20s had no concept of time embedded within them. Instead, they offered one-time, discrete value transfer between buyers and sellers.

Token allowances and streaming escrow contracts are one solution to this problem, but they are complex and difficult to use.

We made STP... See more

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... See more

The generational wealth imbalance is not a problem that America will solve.

It is a pressure gradient the system will route around.

And the routing takes the following shape:

•AI becomes the new productivity engine

•Bitcoin becomes the new neutral store of value

•stablecoins become the transactional layer

•fiscal policy keeps real growth from collapsing

•... See more