Devin Baker

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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The key insight here is that the "regular" experience is a form of capital – social capital , to be precise. It's valuable to both the restaurant (which benefits from repeat business and word-of-mouth marketing) and the customer (who enjoys better service and status). However, this capital has traditionally been illiquid and non-transferable. You... See more

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

As the hero, you get to stand up to those notions and reframe who you are. You get to teach those around you about who you have become. And this last phase—the landing, the integration, the return—cannot be avoided. Because if you refuse to return home, if you refuse to integrate, then your life just gets heavier. You end up with all of this... See more

By government fiat, dollars can be created and then spent on goods and services by changing the carrying cost of gold. This is the definition of a fiat currency devaluation. Because every other fiat currency also implicitly has a gold value based on the amount of gold held by its respective government, these currencies will all automatically rise... See more

When we think of networks attempting to solve real problems, DePIN is the most tangible vertical. Helium is the poster child for this and likely the only one which has found PMF so far, though there are obviously others building interesting infrastructure here. When Helium set out to build its network in 2013, it was specifically looking to solve... See more

It’s not that crypto has actually enabled the financialization of everything, but rather it’s removed friction in places where immense demand for financialization exists.

And now, I think what comes next is real consumer tokens. Tokens that combine the expansive ambitions of top infrastructure projects, with the belief systems, cultural value, and social properties of memecoins. Tokens connected to product and social experiences that people actually care about instead of vaporware. Tokens from projects that are... See more

As the role of the individual in value creation becomes more commonplace, the next evolutionary step is toward software that is not only built, operated, and funded by individual users—but owned by users too.