Devin Baker

If you want to grow, listen to your intuition.

The official poverty line for a family of four in 2024 is $31,200. The median household income is roughly $80,000. We have been told, implicitly, that a family earning $80,000 is doing fine—safely above poverty, solidly middle class, perhaps comfortable.

But if Orshansky’s crisis threshold were calculated today using her own methodology, that... See more

In Yemen we bomb buildings that are already rubble. In Iran we pretend to destroy Fordow and the Iranians pretend to believe us, then hit Al Udeid and we pretend not to notice. In Venezuela we spend months blowing up boats in the Caribbean and stage the abduction of a man while his government stays intact. These are wars not being fought, but... See more

There are three things you cannot buy. Fitness: You have to keep fit, whether you’re rich or not. Diet: You cannot pay someone to be on a diet for you. I think that diet is the biggest sacrifice in my life. Then, looking after your soul. No one can possibly treat your soul but you yourself. This is something you can do through culture and... See more

But I wish I had realized sooner that I could show up as I was, and everyone who loved me would still love me even as I was confused, freshly transformed and still getting my footing. I wish I realized that no one is as absorbed in our journeys of inner-transformation as we are, and that sometimes laughing with old friends about nothing in... See more

My answer is always the same. build more edge rather than risk more size . Don’t kill yourself chasing the jackpot. Log wealth is what matters. Maximize the 50th percentile outcome. Make your own luck. Avoid drawdowns. Eventually you will get there.

In TechDollar 1, I explained that the world was bi-frucating into two systems. The countries that were producing real physical goods, and the tech and financial infrastructure of the world. That this underlying system was going to cause friction as the financial structure is currently set up to absorb real wealth from the productive countries and... See more

As the role of the individual in value creation becomes more commonplace, the next evolutionary step is toward software that is not only built, operated, and funded by individual users—but owned by users too.

We reduced inflation, but the token holders’ profit is unchanged. The only difference is that there is directionally less incentive to stake rather than hold idly (because the staking yield is reduced). On its own, PoS issuance is simply an internal tax which redistributes network ownership among token holder subsets to incentivize staking.