Devin Baker

The cure for anxiety is almost always found in some kind of radical simplification, a simplification that slowly opens up a very physical, rested experience of timelessness.

Functionally, Bittensor is a decentralized network that uses its token rewards and a novel consensus mechanism to incentivize productive work. It is an incentive engine. The network's goal is to compete with centralized, state-of-the-art AI models by harnessing the power of decentralized, open-source technology.

At the risk of being overly succinct, there are broadly two types of assets:

1. Cash Flow Assets — primarily equities and bonds. These assets generate cash flows that investors assign value to.

2. Supply & Demand Assets — mostly applies to commodities and forex. Prices fluctuate based on supply and demand.

Recently, crypto has instigated a new type of... See more

Blockchains are at the computing frontier, as PCs were in the 1980s, the internet was in the 1990s, and mobile phones were in the 2010s. People look back today on classic moments in computing and wonder what it was like to be there. Noyce and Moore. Jobs and Wozniak. Page and Brin. Hobbyists dabbling, debating, driving forward. Tinkerers hacking

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Again this underscores my core premise, which is that Ethereum should maximize economic activity within its platform (including rollups) and ETH should position as a true permissionless, digital store of value (see related tweets from Doug & Sassal) more so than an interest-bearing capital asset.

18) Trading is a zero sum game inside a larger positive sum game. Though every trade has a winner and offsetting losers, markets as a whole direct resources across space and time and help civilizations grow. The emergent objective of complex systems is usually only visible in hindsight. If you get too cynical about the uselessness of what you do,... See more

Yet history keeps proving that permanence eventually invites productivity.

Tokens give users property rights: the ability to own a piece of the internet.

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.