Exploring Ethereum's Layers and the Quest for Capital Efficiency

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.

------ 🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/  🎖 CLAIM YOUR BADGE: https://newsletter.banklesshq.com/p/-guide-2-using-the-bankless-badge  ------ BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING http://bankless.cc/uniswap  ------

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

------ 📣 SoRare | Collect and Play! https://bankless.cc/SoRare  ------

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 

----- 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.

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: https://newsletter.banklesshq.com/p/bankless-disclosures