Devin Baker

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.

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.”

However, L1 settlement alone is an incomplete picture of what the rollup-centric roadmap aims to accomplish. Ethereum also serves as an affordable settlement and DA layer for rollups. I see rollups (and their corresponding rollup platform à la Optimism Superchain and Arbitrum Orbit) as independent fiefdoms. Each platform will compete to give users... See more

Both Boomers and GenX’ ers bought their homes for around 4.5 times their annual incomes. When Millennials entered the US workforce, they could buy houses for circa 5.5 times annual income. In the COVID emergency, the US Federal Reserve generously printed $6 trillion through QE policies, and since then house prices have jumped to some 7.5 times... See more

Trading markets is often dismissed as soulless and zero sum. For every winner there is a loser. I think this is a narrow view. The culture will keep softening its view on markets. Our discourse on technocapital has moved through something like the five stages of grief at a civilizational scale. We are somewhere in depression and are edging toward... See more

The regulatory environment is clearing a path for builders to realize the potential of tokens as a new digital primitive, akin to what websites were for previous generations of the internet. With regulatory clarity, more network tokens will be able to complete their economic loop by generating revenue that accrues to tokenholders — creating a new... See more

Back in 2013, there was a point where 48.3% of the coins hadn’t moved in over a year, even though the network was still relatively young. The resulting bull market unlocked a lot of those coins, and the ratio fell to 35.7% in 2014. This was a 12.6% reduction in the ratio.

In early 2016 after a long bitcoin bear market, 61.5% of coins had not moved... See more

To bridge this gap, venture capital will likely prioritize projects that simplify onboarding processes and offer intuitive user interfaces . Applications with clear value propositions, catering to both retail and institutional audiences, will take center stage. Examples include wallets with seamless fiat-to-crypto transitions, decentralized finance... See more

The argument in favor of a BSR is similar to the US’s rationale for stockpiling the largest amount of gold vs any other nation-state; it allows the US to assert financial supremacy over every other nation in the digital and physical realms. If Bitcoin is the hardest money ever known, then the strongest government fiat currency is the one whose... See more