Devin Baker

✍️ Rebasing tokens increase by token balance, while repricing token increase by token price.

Some investors prefer repricing tokens because they can be more appealing for tax purposes, potentially turning what would be considered income into capital gains , which may have different tax implications.

I wish I realized that so much of the return—of integrating the journey—is just being willing to be seen in whatever stage of the process you are in and inviting others to meet you there , instead of assuming they won’t understand and hiding because of that.

Which means we’re going to have high interest rates, but higher inflation, negative real yields, but higher nominal yields and will print the difference.

When I worry constantly about the imperfections of my relationship, I keep my love at an equally constant distance.

Ultimately, as I argue in this essay, these changes will increase the supply of fiat money and financial repression globally. These two things must happen because no US, EU, Chinese, or Japanese leaders wish to deleverage their system to bring it into a new sustainable equilibrium. Instead, they will print money and destroy the real purchasing... See more

But even with the decentralized control of Web3, the internet still lacked a critical component: autonomous intelligence. Web3 may have decentralized the interactions made possible by Web2, but it didn’t fully automate decision-making, content creation, or economic interactions.

Humans are required at every step of the way, and machines are merely... See more

A typical liquidity cycle lasts 5-6 years from trough-to-trough and, based on the October-2022 low point, we expect the current cycle to peak around Q4 this year.

Ah, being the caterpillar. I look back on this phase and just wish I could give my past self a big hug and say: it’s all going to be okay. This was a phase of unease, confusion and inwards itchiness. It felt like I was growing, but I it wasn’t clear to me what I was growing towards . I no longer felt at home in the life I was building—one that... See more

In this vision of redemptive labor, we can glimpse a more hopeful future where technology serves its highest purpose by eliminating true toil while preserving the sacred space for human hands and minds to engage in genuine craft. When automation frees us we gain capacity to redirect our energies toward the kinds of deeply human creative acts that... See more