Devin Baker

The three fundamental pillars of this argument are,

1. Blockchains are differentiated from traditional finance through their strong property rights – the inalienable right to store and transmit value.


2. Centralization provides a means by which powerful entities can influence the outcomes of blockchains.


3. The value stored in a property rights system is direc

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Basically, what is human dignity made of? If we work together, say, and, even with one look, I make you understand that you are worth nothing and I look down on you, I have killed you. But if I give you regards and respect — out of esteem, responsibility is spawned. Then out of responsibility comes creativity, because every human being has an amoun... See more

If Blackbird succeeds, it will succeed because it builds a product that helps restaurants in the ways that they care about. The technology under the hood is a means, not an end.

As long as this exists, and the tech infrastructure is priced and sold in USD, the USD remains supreme worldwide. This is what is actually still underpinning western global dominance and enabling American power. Not any other reason most people espouse.

The biggest misconception to dispel is that L2s are a magically profitable design vs. L1s because they don’t have to pay inflation. If you’ve read the article up to here, this should be clear to you why this is incorrect. As we have established, PoS issuance is not a “cost to the network.” It isn’t even a net expense to tokenholders in aggregate.

And now, I think what comes next is real consumer tokens. Tokens that combine the expansive ambitions of top infrastructure projects, with the belief systems, cultural value, and social properties of memecoins. Tokens connected to product and social experiences that people actually care about instead of vaporware. Tokens from projects that are tryi... See more

Because of the high costs associated with running a Solana validator, you need quite a bit of stake to breakeven (either your own stake or delegated). The SFDP (Solana Foundation Delegation Program) exists to help get validators started and promote a healthy set of operators. This is done primarily with stake matching (up to 100k SOL) and helping t... See more

The difference is that these operator payments do look a bit different for L2s. L1s have their own dedicated operators that are paid from the network’s own TEV. L2s just recycle the operators of another network. We’re primarily concerned with the data cost here. L2s post all of their data to some other DA layer. L2s need to charge fees which accoun... See more

The primary development of STPv2 is Tiers, which can be understood as the ability for creators to provide different offerings at different price-points.

For example, a subscriber to the $5 tier might only get access to Bob's newsletter, while a subscriber at the $10 tier gets access to Bob's newsletter and his private group chat. Creators can create... See more