Devin Baker

But the opportunity for Attention Assets goes far beyond pricing equities. We believe that predicting attention is an economically valuable activity. Attention is a leading indicator to consumer preferences and spending. Businesses allocate R&D, hiring, and marketing dollars depending on where attention goes. It is a matter of figuring out new... See more

TAO emissions flow to subnets based on the amount of staked TAO each has attracted. This stake-weighted distribution system creates a market-driven approach to resource allocation. It’s a never-ending competition among subnets to produce the most valuable work, as determined by the network.

Orderflow isn’t even solely owned by Pump, as about 30% of Pumpfun volumes originate on Telegram trading apps like Axiom or Photon. Without owning the consumer relationship via Pump.fun’s desktop and mobile front ends, it’s vulnerable to disintermediation out of the memecoin supply chain over time.

I agree with Myles when he says that, regardless of the exact mechanics of the value capture, ETH will be more valuable as more economic activity takes place in the ecosystem; optimizing for value capture today feels premature.

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.

Blackbird Pay is a no-brainer. Lowering payment processing fees from 3-4% to 2% improves profitability in both the short-term and long-term. Faster turnover improves profitability in both the short-term and long-term. Restaurants will adopt Blackbird for Blackbird Pay, in order to get back 1-2% of margin, which in some cases, might mean doubling... See more

However, compromising on decentralization has never been an option for the Ethereum community. It's also essential because it is closely tied to security and gives the Ethereum network properties like neutrality, censorship resistance, and permissionless-ness, which are equally important as the ones in the scalability trilemma.

Can we fix the creator economy? I think so, and I think the answer may be provided by Timothy Green's salient insight that publication is curation.

But there’s a perception now that all the smartest people are over buying smart contract chains. Smart people know the jig is up. If not now, then soon. The only people buying here are suckers—Uber drivers, Tom Lee, and KOLs who say stuff like “trillions.” And maybe the US Treasury. But not the smart money.

This is bullshit.I don’t believe it, and... See more