Devin Baker

• Operating expenses to run PoS networks are wayyyyyyy lower than PoW. The cost of running software will continue to approach 0.


• As I discussed in Endgame: Proof of Governance , and many others have before me, the superpower of PoS security is really accountability. If you double sign, everyone knows who you are. We tend to even know their real-world

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The output matters, but the intention, the struggle, the care is what makes it count — what gives it weight.

The writer creates, the reader receives, the librarian stores and the curator decides what is worthwhile and why .

The curator (also known as the "critic" in literary circles) decides what is valuable, to whom is it valuable, and why it is valuable. They create and sustain culture . Their role is to build and maintain canons—not "set in stone"... 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.”

1. First, we must accept that there is no absolute truth in social sciences like economics. We believe the opposite of misinformation is not truth, but rather state-controlled information - where narratives are crafted to align with authority, rather than being inherently true or false. One person’s martyr is another’s terrorist; one person's

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There’s a two-sided bubble at play here, too. The Trump Administration is telling people that it will be easier to build, invest in, and accomplish big things, which is already making people more excited to build, invest in, and accomplish big things. The more energy and excitement there is behind what people are building, the easier it will be for... See more

Given this, we could say the total income (i.e., revenue) of all traditional PoS token holders = TEV. They are productive income-generating assets. Conversely, the total income of all PoW token holders = 0. For example, BTC holders have no rights to receive any TEV. BTC’s value proposition is as a monetary asset, not an income-generating asset.

Bittensor shares its token structure with Bitcoin: a fixed supply of 21 million tokens on a halving cycle that cuts emissions every four years. TAO was fair launched, and all current TAO holders either earned TAO through valuable contributions to the network or purchased tokens on the secondary market.

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