Devin Baker

As with every type of network, there are two main areas of focus: the demand side and the supply side. Suffice it to say, the demand side is (almost) always the more difficult of the two to prove out. The simplest explanation for this is that the token incentive model maps easiest to the supply side. If you’re already driving a car or have some... 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.

America is the machine that builds the machines that builds the machines.

If Blackbird succeeds, it will succeed because it builds a product that helps restaurants in the ways that they care about. The technology under the hood is a means, not an end.

a) the Trump administration’s domestic economic policies were and still are a levered bet on the power of capitalism to revitalize American manufacturing and enable American AI technology, which contributed to the market movements I described above,

b) its foreign policy has scared and turned off some foreign investors as fears of sanctions and... See more

There’s one big difference here, though. While Ben sold Eater and Resy to centralized companies, that’s not an option for Blackbird. Instead, ownership of the network of restaurants will primarily go to the restaurants themselves as the company progressively decentralizes. “Overall, the restaurant industry should own roughly half of the network,”... See more

Traditional business models no longer work in the internet age because they’re dependent on monetizing access to content (production) or selling ad space (distribution). The business of internet-native media shouldn’t be primarily concerned with either of those things. People must pay to support a specific POV – a subculture.

This is what we call... See more

Anxiety is not an answer to a problem we are worrying about but the measure of our distance from the place where the answer lies .

Conversely, Bittensor is a digital economy that is decentrally planned. Every TAO holder acts as a market participant by choosing which subnets to stake their TAO in. These staking decisions serve as "votes" pushing new TAO emissions to the most valuable projects. By harnessing market forces rather than top-down directives, Bittensor creates a... See more