Devin Baker

The first point is that in a world of closed-source centralized ledgers, an open-source decentralized ledger is valuable. Specifically how valuable is hard to say, but right now at $2 trillion it’s only worth about 0.2% of global capital. It would have to approximately 10x in price from here to reach the market capitalization of gold, which is... See more

Blackbird Pay offers restaurants a flat 2% fee on payments , versus an industry average of 3-4%.

Payments is how Blackbird will make the majority of its revenue. Ben explained that, in the short-term, they’ll lose money on some transactions (when users choose to pay with credit card and Blackbird eats those fees), and make money on others (when... See more

The beauty of blockchains and smart contracts is that they are under-explored spaces in which you can look at problems through a news lens – specifically those related to capital formation, coordination and automation.

It’s far more convenient to worry about the sex life of some abstract other. But it is not, despite their claims, a matter of jealousy. It is a matter of evasion. It isn’t that Gen Z has a sex problem, it’s that we all do — whether we want to make it about loneliness or politics or whatever else is more digestible than making it about sex itself.... See more

Everything is technically better and yet somehow feels less alive.

I think this collective numbness a lot of people are feeling lately is because the world is becoming louder, faster, shinier but much more hollow. This is the cost of legibility . When we turn human life into something that can be evaluated at scale we start to live in narrower... See more

The last point to mention that’s separate but related to all of this is the US dollar which I expect to see another 5-10% decline in 2026. Liberation Day set in motion what was already a slowly melting ice cube of capital flows into the US peaking out.

Multi-tier contributions. With STPv2, funds can flow from any tier into a single Subscriber Rewards pool. You can then choose whether to share rewards with members of every tier or just the top tier of subscribers as a special perk.

Adjustable reward curves. Maybe you want day one subscribers to get 90% of the rewards. Maybe you want all of your... See more