Devin Baker

But I think the simplest reasons for launching a token should be some cocktail of:

• Raise capital


• Distribute ownership


• Signal that decentralization matters


• Align incentives


• Bootstrap some sort of network effect (extremely ambiguous tbf)


• Make your real supporters rich(er)

It is commonplace to wager on the growth of wallets, accounts, people, videos, memes, art, transportation, media, space, you name it. Financial coordination at-scale is very different from the financialization of everything. The degree to which we gravitate toward shared social experiences has not changed, but the medium has shifted toward digital... See more

Gold didn’t stop being gold. Art didn’t stop being art. But all of them started to generate income while retaining their role as a store of value.

Bitcoin is not an exception to this rule. It’s just next in line.

I would probably say the point is to distribute ownership such that existing users are further incentivized to continue using, supporting & evangelizing your project while new people are motivated to try it out.

At the risk of being overly succinct, there are broadly two types of assets:

1. Cash Flow Assets — primarily equities and bonds. These assets generate cash flows that investors assign value to.

2. Supply & Demand Assets — mostly applies to commodities and forex. Prices fluctuate based on supply and demand.

Recently, crypto has instigated a new type of... See more

Jean-Jacques Rousseauwas a great enlightened man, but he was the first of the Romantic movement, too. I think that in the last 30 years, we have tried to govern mankind through enlightenment, through the use of reason, our mind. This is no good.

This century is where enlightenment and romanticism must blend. A great idea that is born out of the mind... See more

We create more than ever, but it weighs nothing.

In a traditional rollup, users send their transactions to a dedicated sequencer — essentially a single machine operated by the rollup team. This sequencer is responsible for collecting user transactions, determining their sequence, and packaging them into blocks that are posted on Ethereum.