"We Were Idiots and We Were Poor; Then From Mid 2020 to Now, Suddenly, We're Right:" Ameen Soleimani

In this week’s pocast episode we interview Ameen Soleimani, one of the most prolific builders in Ethereum. He’s the CEO of SpankChain, a blockchain-based adult entertainment platform, the co-creator of MolochDAO, a DAO to fund Ethereum projects, and the co-founder of Reflexer Labs, which created RAI, a purely ether-backed stablecoin.

We talk about the need of a purely ETH-backed stablecoin, and how RAI is so cypherpunk it’s not only not backed by fiat, but it’s also not pegged to the dollar, it’s only pegged to itself, and stabilized by its own algorithm. It’s a pretty radical experiment and Ameen has very high hopes for it: The goal is for Rai to become a global reserve currency.

We also catch up on Spankchain, which is now a crypto payments company. It’s interesting that the project was very early in the scaling game—it was launched in 2017 using state channels— but Ameen explains why he’s not using Layer 2 anymore, and it comes down to user experience.

Ameen also talks about why he’s now posting his own porin videos; he says it’s about breaking down stigmas and making the statement that sex is normal, sex videos are a form of expression, and that sex work should be decriminalized.

We also talk about why so much of his work gravitates toward religious elements —calling Rai the MonayGod, for example— and he opens up about how it may be a reaction from growing up in a very strict, religious household. To him Etheruem isn’t just about building cool, decentralized stuff, it’s also been a way for him to redefine what “God” is.

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