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Building A Better Ponzi with Ameen Soleimani | Layer Zero

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Bankless

Technology, News, Tech News

4.71.2K Ratings

🗓️ 20 September 2022

⏱️ 83 minutes

🧾️ Download transcript

Summary

Ameen Soleimani is the Founder and CEO of SpankChain, the co-creator of MolochDAO, and the co-founder of Reflexer Labs, which created RAI.

David and Ameen chat about Moloch, coordination, DAOs, and what DAOs can do for both Ethereum and the broader world. Additionally, they get into Ameen’s recent fight against the Federal Reserve.

This is a mind-expanding discussion that you won’t want to miss. Enjoy!

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Topics Covered

0:00 Intro
5:25 Ameen’s Crypto Perch
7:22 Ethereum’s Culture
9:55 Ameen’s Activity in the Space
14:03 Moloch Meme’s Origin
22:03 Moloch DAO & PTSD(AO)
31:31 Ability to Freely Exit
35:20 Organizational Change
42:55 Slaying Moloch
50:25 Global Settlement Layer
54:20 Sticks vs. Carrots
59:18 RAI, the Fed, Ponzis, & the Dollar
1:10:32 Thomas Jefferson & Slavery
1:15:34 Dollar Printing Gone Wrong
1:18:00 Invading Iraq
1:19:50 Ignoring, Overreacting & the Dollar
1:27:18 How Ethereum Fixes Things
1:34:11 Closing

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Resources:

Ameen Soleimani
https://twitter.com/ameensol 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. 

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Layer0. Layer0 is a podcast of unscripted conversations with the people that

0:12.0

make up the Ethereum community. Crypto is built by code, where it's composed by people,

0:16.5

and each individual member of the crypto community has their own story to tell. The cipherpunks

0:21.2

understood that the code they write impacts the people that use it, and Layer0 focuses

0:24.9

on the people behind the code, because Ethereum is people all the way down, and it always

0:28.8

has been. Today on Layer0, I'm talking to Amin Soleimani, and I've said his name on

0:34.4

the bankless podcast a number of times before. He's been on the bankless podcast a number

0:37.9

of times before. He helped meme MoLock into existence in 2018 and 2019. He's the creator

0:44.3

of MoLock Dow, one of the first dows to come out of Ethereum after the Dow, and he makes

0:50.3

this joke about how he made MoLock Dow with many purposes, one of them being to help

0:56.3

the Ethereum community get over what he calls PTS Dow, as in PTSD over the 2016 Dow that

1:02.5

caused the Ethereum classic hard fork. What we talk about MoLock coordination dows, and

1:09.6

what dows can do for the landscape of both Ethereum when it comes to coordination, but

1:13.6

also for the broader world. Really, why Ethereum is just coordination tools all the way down?

1:20.0

Then we get into some broader subjects, such as his recent fight against the Federal Reserve,

1:25.2

and how the Federal Reserve has this relationship with the broader world that is unsavory, and

1:31.3

how we as a people need to resist what is going on with the Federal Reserve. Amin has always

1:36.4

been a very big, patterned thinker, a big philosophical person who can see the biggest patterns

1:43.3

that the world has put in front of us, and sees them for what they are. He's a pretty

1:48.2

controversial guy. He's pretty sharp around the edges. He's definitely not afraid of putting

1:54.6

his foot down and making people be very uncomfortable, so I actually do not recommend that you listen

1:59.5

to this episode with kids in the car, or young ones who aren't ready for very mature subjects,

...

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