Devin Baker

One thing that distinguishes the persistent is their energy. At the risk of putting too much weight on words, they persist rather than merely resisting. They keep trying things. Which means the persistent must also be imaginative. To keep trying things, you have to keep thinking of things to try.

Energy and imagination make a wonderful combination.... See more

To get rich you need to get yourself in a situation with two things, measurement and leverage. You need to be in a position where your performance can be measured, or there is no way to get paid more by doing more. And you have to have leverage, in the sense that the decisions you make have a big effect.

Hayek's article argues against the establishment of a Central Pricing Board (advocated by Lange) by highlighting the dynamic and organic nature of market price-fluctuations, and the benefits of this phenomenon.[4] He asserts that a centrally planned economy could never match the efficiency of the open market because what is known by a single agent... See more

Therefore, what we get out of life is not determined by the good feelings we desire, but by what bad feelings we’re willing and able to sustain to get us to those good feelings.

I have worked hard to stay close to my childhood friends, not just in the ‘knowing the events of each other’s lives’ sense (though this is a worthwhile aim!), but also in the sense that: I want to let them continue to know me and who I was becoming as I transformed , even as I shed versions of myself they had come to know so well. Because I love... See more

There are three things you cannot buy. Fitness: You have to keep fit, whether you’re rich or not. Diet: You cannot pay someone to be on a diet for you. I think that diet is the biggest sacrifice in my life. Then, looking after your soul. No one can possibly treat your soul but you yourself. This is something you can do through culture and... See more

BTC has a strong case for being digital gold – a "pet rock" that is highly valuable but static. I believe ETH has a more dynamic future as a censorship-resistant, programmable store of value underpinning a much larger digital economy by providing permissionless settlement, DA, and execution.

We covered a lot of ground here, so let’s summarize our key takeaways here:

• Cryptonetworks are not companies. Income/expense/profit metrics generally do not logically apply at this level. We can try to assess the profitability of all token holders, and/or subsets of them.


• PoS issuance to stakers is not a “cost to the network,” and it isn’t even a net

... See more