Devin Baker

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.

If the L2 is an Ethereum rollup and posts transaction data to Ethereum blobs, the escape hatch is available for use unconditionally. Because the data behind each state update on the bridge is committed to on an Ethereum blob, rollup users are guaranteed the ability to prove the validity of their withdrawal and get it included utilizing an L1

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At a basic level, the protocol consists of:

• A substrate blockchain (Subtensor) that serves as a system of record


• A Native token (TAO) that incentivizes participation


• A network of specialized projects (called “subnets”) that compete for TAO emissions


• A consensus mechanism (Yuma Consensus) for scoring performance and allocating token rewards

This multidimensional researcher-investor-builder perspective proved invaluable, enabling our collective Hivemind to compound insight toward a single mission: to help crypto happen sooner and better than it would without us.

My opinion is that should the US dollar fail, or lose in a global conflict, there is a possible competitor to the dollar, but that this isn’t enough to supplant the dollar as the global reserve currency. At least not within the next decade, which is what matters to most reading this. The BRICS system doesn’t have the unique economic requirement,... See more

When we think of networks attempting to solve real problems, DePIN is the most tangible vertical. Helium is the poster child for this and likely the only one which has found PMF so far, though there are obviously others building interesting infrastructure here. When Helium set out to build its network in 2013, it was specifically looking to solve... See more

One way to rethink these platforms is to think about all the users across the 90-0-1 ratio; to figure out how to share a platform's overall value with all its contributors, big and small. In the creator economy, this means rewarding readers and curators alongside creators.

Our digital systems generate noise and there's little the algorithms can do... See more

The hoped-for results might materialize, or the negative consequences might be felt, or some combination of the two. It must be borne in mind, however, that whereas the negative ramifications from tariffs will probably be felt almost immediately, any gains are likely to come only in the long run, following a multi-year period of adjustment.

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