Reasoning By Analogy With Kyle Samani

Kyle Samani of Multicoin Capital–a fund well known for its Solana bags and focus on DePIN–joins The Gwart Show! Today, we discuss Solana's potential to overtake Ethereum, the future of DeFi, token economics, and the emerging DePIN sector. We have some hot takes on Ethereum as a failed project, ultrasound money, etc. Also we talk about moats for dapps, wallets and infra (always infra…)

Follow our guest on Twitter: @KyleSamani @multicoincap

00:00 Start

00:53 Breakpoint & Token impressions

08:27 Bitcoin is nonsense

10:12 Debt vs commodity money

12:55 SOL / ETH flippening

19:47 Arguments for ETH

27:06 Valuing base on MEV

33:50 NASDAQ on-chain

34:38 Tokenized equities

38:34 Future of ETH

42:28 Ultrasound money meme

48:17 Deflow, wallets & order flow

52:56 Order flow and centralization

1:02:57 SVM building L2s

1:07:50 DePINs - Decentralized physical infrastructure networks

1:13:50 Target prices of SOL/ETH flip

1:21:56 Are there any moats for apps?

👋The Gwart Show is proudly presented by Ellipsis Labs! Ellipsis Labs is building foundational products in DeFi. Their first product @PhoenixTrade is the leading orderbook DEX on Solana. The team is growing—visit ellipsislabs.xyz for engineering opportunities.

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