We're joined by Kyle Samani, the co-founder of Multicoin Capital and one of crypto's most independent thinkers. In this episode, we cover why "monolithic L1s" is a misnomer, the value of global state, how a protocol establishes moats, why DePIN is finding product-market fit, how Kyle synthesizes new ideas and more!
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Timestamps:
(00:00) Introduction
(00:34) The Modular vs Monolithic Debate
(07:43) Bootstrapping Communities
(09:17) A Case for Rollups and Appchains
(15:33) The Value of Composability and Globally Shared State
(22:22) Permissionless Plug
(23:22) Crypto’s Moats, Meat Space and the Saga Phone
(28:38) Don’t Sleep on DePIN
(45:11) Spatial Computing and New Form Factors
(53:42) Kyle’s Thinking Process
(57:49) Zero Knowledge Proof Use Cases
(01:04:21) How Kyle Cultivated His Communication Style
(01:06:03) Advice for Founders
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Although our guests this week are managing partners of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.
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Resources
Multicoin Capital
https://multicoin.capital/
Unlocking Payments Over Crypto Rails
https://multicoin.capital/2022/12/08/unlocking-payments-over-crypto-rails/
Stratechery (Ben Thompson)
https://stratechery.com/
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Disclaimers:
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
