Devin Baker

Reserve currency status commands many benefits to the holder, which is why it is the ultimate prize of the international system, and the most exalted status within it. In modern times, it allows the issuer of the reserve currency to extract tribute from those subservient without having to use overt force.

In that respect the Cold War teaches the same lesson as World War II and, for that matter, most wars in recent history. Don't let a ruling class of warriors and politicians squash the entrepreneurs. The same recipe that makes individuals rich makes countries powerful. Let the nerds keep their lunch money, and you rule the world.

My hope is that we use AI to automate the inhuman so we can return to the human. Leaders should stop rewarding performative busyness and start rewarding discernment, creativity, judgment, honesty, clarity, and care. Parents should reclaim attention and focus that attention on what matters most. Creators should create with the lightheartedness of... See more

Ultimately, as I argue in this essay, these changes will increase the supply of fiat money and financial repression globally. These two things must happen because no US, EU, Chinese, or Japanese leaders wish to deleverage their system to bring it into a new sustainable equilibrium. Instead, they will print money and destroy the real purchasing... See more

I thought I should comment on these developments and the outlook, and the result was a memo called Nobody Knows, published four days later. I affirmed my ignorance of the future as usual, but to an even greater degree given that all prior expectations had been upended. Nobody knew – especially me – whether the spiral could be arrested.... See more

Pump's model is tuned for velocity. You get a flat SOL rate per token that hits a $69k market cap, and zero cut of protocol fees via PumpSwap. So the name of the game is launching as many tokens as possible and riding waves of hype.

LaunchLab, or forking your own version of it, is the way to go if you're gunning for a viral hit and care more for... See more

Today, crypto tokens are the latest protocol innovation to expose a disruptive new model. Just as BitTorrent allowed us to exchange packets of information instantly and without an intermediary, crypto tokens let us distribute value in the same way.

Before we get to the crack-up-boom phase in this crypto bull market, I believe the crypto markets will experience a harrowing dump around Trump’s January 20th 2025 inauguration day. Maelstrom will be lightening up on certain positions in advance, hoping to rebuy some core positions at lower prices sometime in 1H25. Obviously, every trader says this... See more