Devin Baker

In contrast, based rollups direct user transactions to block builders who manage both Ethereum and the rollup. This use of Ethereum’s infrastructure allows based rollups to benefit from the same guarantees provided by Ethereum, enabling transactions to achieve finality more reliably than in non-based rollups.

What is technology? It's

technique

. It's the way we all do things. And when you discover a new way to do things, its value is multiplied by all the people who use it. It is the proverbial fishing rod, rather than the fish. That's the difference between a startup and a restaurant or a barber shop. You fry eggs or cut hair one customer at a time.... See more

This is the thing that Silicon Valley has always understood better than Wall Street. Silicon Valley was raised on exponentials, while Wall Street was raised on linearity. And over the last few years, crypto’s center of gravity has migrated from Silicon Valley to Wall Street. You can feel it.

Granted, crypto growth doesn’t look as smooth as... See more

AI Examples in Action : A prime example of AI in governance is ai16z , a fully AI-managed venture capital DAO. Here, AI agents autonomously evaluate investment opportunities, execute trades, and manage token distributions. Within ai16z's "Virtual Marketplace of Trust," community members can provide insights, which AI then processes to refine its... See more

Novelty, almost by definition, is illegible. It shouldn’t necessarily surprise us that the weirdest thinkers, who historically play an important role in birthing new categories, are usually obsessed with something that doesn’t even have a market yet and have little evidence beyond some sort of untranslatable conviction.

People will talk in circles here because “sustainability” is often poorly ever defined. So let’s be concrete. All PoW or PoS networks are fundamentally “sustainable” in that permissionless operators will always be incentivized to run them so long as users are willing to pay a nonzero amount of money to use them.

• If REV ≥ expenses required by

... See more

Once there’s trust, infrastructure, and liquidity, the market always finds a way to extract productive value, even from assets originally meant just to preserve it.

The moment a store of value is secure enough to be trusted, it becomes too valuable to remain idle. It becomes a productive asset. It starts generating yield.

Reserve currencies since we have understood them have been intertwined with the geopolitics as much as the economics of the system that sustains it. Which is why the incumbent generally converts that economic power to military dominance. When faced with a challenger, the up and coming competitor must unseat and surpass both the economic and... See more