[00:01:00] Clearing Up “Crypto” Misconceptions
Defining crypto’s core ideas, distinguishing between common buzzwords and the more serious underpinnings of the technology.
Describing crypto as a truly parallel financial system — one that removes reliance on states and banks while enabling open, permissionless access.
[00:03:30] Efficiency vs. Security: A Different Kind of Tech
Discussing how typical engineering aims at efficiency, whereas crypto “engineers” for security and decentralization, making it a political rather than purely technical solution.
[00:07:00] Corporate Blockchains vs. True Decentralization
Contrasting genuinely decentralized ledgers (like Bitcoin/Ethereum) with corporate-owned “blockchains,” arguing the latter are really just centralized databases with extra steps.
[00:10:00] Crypto’s Emergence & Eurodollar Parallels
Drawing on financial history, Dmitry likens crypto’s evolution to the Eurodollar market—an organic response to the global need for credit and monetary growth outside traditional systems.
[00:15:00] Reserve Currency Debate & Bitcoin’s Hard Cap
Exploring whether crypto assets (e.g., Bitcoin) could become global reserve currencies, touching on inflation constraints and Triffin’s Dilemma.
[00:20:00] Gambling vs. Serious Building
Distinguishing the meme-coin frenzy (a form of open-access gambling) from the deeper, more substantial DeFi innovations that aren’t as widely publicized.
[00:32:00] AI Abundance vs. Crypto Scarcity
Shifting to AI, with Dmitry framing it as creating unlimited digital content while crypto enforces digital scarcity — two forces that might balance each other out.
[00:40:00] Human Creativity as the Real Differentiator
Discussion on how AI-generated “slop” floods the internet, but truly novel human ideas (and the effort behind them) will stand out even more.
[00:50:00] Where AI & Crypto Intersect
Envisioning future AI agents using crypto rails for financial transactions, though Dmitry notes genuine decentralization is harder to achieve with large-scale AI models.
[01:02:00] Introducing Salutary
Dmitry unveils his project aiming to bring M&A principles, enforceable rules, and true value capture (“Grown-Ass Man tokens”) into DeFi, bridging a major gap in the ecosystem.
[01:10:00] Shifting DeFi Incentives
He explains how Salutary could reward actual builders and entrepreneurs instead of meme-coin speculation, steering DeFi toward real economic substance.
[01:17:00] Parting Thoughts & Where to Find Dmitry
’s online handles: @BackTheBunny on Twitter/X and his Substack, The Dosage Makes It So:
