Devin Baker

America is the machine that builds the machines that builds the machines.

The ecosystem is exploding, and there are murmurs of a “Subnet Summer” to rival DeFi Summer in 2020. Today, there are over 100 subnets, and new subnets are registered every 2-3 days. Most subnets are equivalent to Series A startups, in terms of product maturity. There is much optimism, but success requires further execution. TAO’s long-term success... See more

Put another way, the liquidity of the private sector is determined by the size of its asset holdings divided by their average duration . Thus, any change in average duration must result in a change in ‘liquidity’. These actions are not limited to the US Federal Reserve, because the US Treasury is also a major debt issuer. If the Treasury changes... See more

While Vertical Integrators are technology companies, their business models should be the opposite of the Aggregator model that won the Internet era. They should look like the business models that won the Second Industrial Revolution.

Who you are is defined by the values you are willing to struggle for. People who enjoy the struggles of a gym are the ones who get in good shape.9 People who enjoy long work weeks and the politics of the corporate ladder are the ones who move up it.10 People who enjoy the stresses and uncertainty of the starving artist life are ultimately the ones... See more

He presents evidence that liquidity tends to lead market movements by a window of three to six months. This insight suggests that tracking global liquidity can offer valuable foresight into potential market behavior, enabling investors to make more informed decisions.

Let’s look at Solana validator economics here as an example just to get some order of magnitude ideas. Solana is more expensive for validators to run compared to most networks. The resource requirements are higher than average, but it’s certainly not as unattainable as is commonly believed. You can run a Solana validator full node for as low as $35... See more

Social Flywheel . Their virtual trust marketplace allows token holders to suggest trades to the agents, have their reputation evaluated as a source of insights, and grow their influence as their suggestions yield good results. Not only will having a good reputation score and ranking high on the leaderboard be socially desirable, but being able to... 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