Devin Baker

Tokens can represent the ownership of anything digital, including money, art, photos, music, text, code, game items, voting power, access, or whatever people come up with next. Using some additional building blocks, they can also represent real-world things, like physical goods, real estate, or dollars in a bank account. Anything that can be... See more

Given that your project isn’t for everyone, the goal isn’t for everyone to understand it. The goal is for people who might take action to understand it enough that they will take action. Every great brand that I know of has as the unspoken next line in their brief: “This might not be for you.”

The primary development of STPv2 is Tiers, which can be understood as the ability for creators to provide different offerings at different price-points.

For example, a subscriber to the $5 tier might only get access to Bob’s newsletter, while a subscriber at the $10 tier gets access to Bob’s newsletter and his private group chat. Creators can... See more

In the short term they will have to do some form of yield control, but they need rates to be high enough not to have the currency slide too far relative to the rest of the world. They are then going to have to print the difference.

When bitcoin surges to a new high, that’s like a “pioneer price.” That’s like the first couple houses on a street selling for new highs. And then over months and years, as more and more bitcoin trades hands at those higher prices, it raises the average cost basis and makes that price more real, more liquid, with a substantial market depth at those... See more

Other than the US, the largest global exporters in order of size are China (currency: yuan), the EU (currency: euro), the United Kingdom (currency: pound), and Japan (currency: yen). The dollar must decline against all these currencies to encourage a company on the margin to relocate production inside America.

The point of a free market, though, is that while it can be messier in the short-run than a centrally-planned one, it leaves room for market-based solutions that can be better in the long-run.

It’s also funny because the conversation is super contentious and confusing in PoS world, but that’s also where it’s the least important: