Devin Baker

Economic Flywheel . The core purpose of the DAO is to become a very effective trading firm and grow AUM. All assets the DAO is holding are publicly viewable and with the levels of attention the project has any trade it makes will rapidly be copied (just as is the case with any trader with good reputation and a tg channel where they share their... See more

Disrupting traditional finance or improving global payment rails are two of the more widely accepted future use cases for crypto, while we argue there’s room for a third in DePIN.

The ecosystem is exploding, and there are murmurs of a “Subnet Summer” to rival DeFi Summer in 2020. Today, there are over 100 subnets, and new subnets are registered every 2-3 days. Most subnets are equivalent to Series A startups, in terms of product maturity. There is much optimism, but success requires further execution. TAO’s long-term success... See more

While Vertical Integrators are technology companies, their business models should be the opposite of the Aggregator model that won the Internet era. They should look like the business models that won the Second Industrial Revolution.

Bittensor works via “proof-of-intelligence” structure. Whereas Bitcoin rewards its miners for raw computational power and solving an arbitrary puzzle, Bittensor directs its token rewards to productive work, as determined by TAO stakers. TAO holders can earn a yield on their TAO by staking to the root subnet (~20% APY) or can stake farther out on... See more

When I tell the others about what you do, do I feel smart or stupid? Can you establish the conditions where sharing your core ideas and mission is tempting, generous and affirming for the people you need to have talk about it? If your name or logo get in the way of that, please change it.

On the brighter side, by this point BTC and ETH are solidified. Similar to how FAANG stocks performed during the overall stock market drawdown in 2022-23, BTC and ETH are now relentlessly bid by younger generations who control an increasing share of global wealth. A lot of the reflexivity in crypto prices is now muted – at least for these two large... See more