Bankless 33 - Slaying Moloch | Ameen Soleimani & Kevin Owocki
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Oct 5, 2020 Ameen Soleimani, a key player in the Ethereum ecosystem, and Kevin Owocki, the founder of Gitcoin, tackle the concept of Moloch—symbolizing societal coordination failures. They discuss how Ethereum can provide innovative solutions to these challenges, fostering collaboration and combating systemic issues. The duo emphasizes the importance of public goods funding through decentralized platforms like Gitcoin and MolochDAO, while also exploring the revolution of trust technology and its implications for individual agency in the evolving financial landscape.
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Moloch and Coordination Failures
- Moloch represents coordination failures, preventing societies from achieving common goals.
- It embodies the prisoner's dilemma, where individual incentives lead to suboptimal outcomes for everyone.
Dictatorless Dystopia
- David Hoffman reads a passage illustrating Moloch's impact.
- It describes a dystopia where citizens follow harmful rules due to fear and lack of coordination.
Ethereum as a Coordination Mechanism
- Historically, dominant coordination mechanisms like religion and nation-states outcompeted predecessors.
- Ethereum may become the next dominant coordination mechanism by enabling easier global collaboration.