Layer Zero | Justin Drake
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 7 September 2021
⏱️ 95 minutes
🧾️ Download transcript
Summary
Justin Drake joins the third episode of Layer Zero to discuss coining ‘Ultra Sound Money,’ which sent supersonic waves through the Ethereum community. Unsurprisingly, Justin is a deeply compelling individual with a powerful drive to work hard and pursue individuality.
From Quantum Computing to engineering Layer Zero, Justin’s holistic approach to the space really comes through as we discuss what it means to work for a meme.
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Topics Covered
0:00 Intro
4:30 Justin Drake
9:05 Coining Ultra Sound Money
12:37 From Layer 1 to Layer 0
15:10 Working for a Meme
24:14 The Purpose of the Meme
27:27 The Gini Coefficient
31:17 Proof of Stake and Distribution
35:22 A New Age Cypherpunk
43:30 Scalability
49:30 ETH and the Dollar
57:13 Quantum Computing
1:00:30 Burning MEV
1:04:19 The Efficiency DAO
1:08:11 Bitcoin FUD Dice
1:15:38 Layer 0 Engineer
1:18:20 Layers 3 and 4
1:20:00 A Workaholic and a Father
1:24:14 Citizen of the World
1:28:18 An Emergent Individual
1:34:15 Closing & Disclaimers
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Resources:
Ultra Sound Money Website
https://ultrasound.money/
Modeling Ultra Sound Money
https://shows.banklesshq.com/p/-sotn-44-modeling-ultra-sound-money
The Bull Case for Cryptography
https://shows.banklesshq.com/p/-moon-math-the-bull-case-for-cryptography
Ultra Sound Money
https://shows.banklesshq.com/p/-ultra-sound-money-justin-drake
Justin on Twitter
https://twitter.com/drakefjustin?s=20
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Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
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Transcript
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| 0:00.0 | Welcome to Layer 0. |
| 0:15.4 | Layer 0 is a podcast of unscripted conversations with the people that make up the Ethereum |
| 0:20.0 | community. |
| 0:21.0 | Ethereum is built by code, but is composed by people, and each individual member of the |
| 0:25.6 | Ethereum community has their own story to tell. |
| 0:28.7 | CypherPunks understood that the code they write impacts the people that use it, and |
| 0:32.8 | Layer 0 focuses on the people behind the code because Ethereum is people all the way down |
| 0:37.9 | and it always has been. |
| 0:39.4 | Today, I'm speaking with Justin Drake. |
| 0:42.2 | Justin, as we all know, is the founder of the Ultra Sound Money meme, and we go through |
| 0:47.7 | the creation process of the meme itself, as well as how Justin Drake has moved across |
| 0:54.4 | the different stacks, the different layers of Ethereum, first as an entrepreneur, then |
| 0:58.6 | as an L1 dev, and now what I call actually a L0 engineer, a memeer, if you will. |
| 1:06.8 | He is tinkering with the layer 0 of Ethereum by committing himself to the Ultra Sound Money |
| 1:12.9 | meme. |
| 1:13.9 | So we start this conversation off with what does it mean to work for a meme? |
| 1:19.1 | This is what Justin Drake considers his current role in Ethereum. |
| 1:22.4 | He's working for the Ultra Sound Money meme, and not only that, but he's recruiting other |
| 1:26.6 | people to also work for this meme, which kind of breaks the brain to anyone who doesn't |
| 1:33.2 | really understand the role of memes in money and markets and finance, but Justin Drake definitely |
| 1:38.0 | understands that. |
| 1:39.7 | We also just kind of overall have an Ethereum technical conversation. |
... |
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