Empire Ending the Modular vs Monolithic Debate | Kyle Samani
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Aug 18, 2023 
Kyle Samani, co-founder of Multicoin Capital and one of crypto's most independent thinkers, discusses the modular vs monolithic debate in the crypto industry, the value of global state, bootstrapping communities, rollups and appchains, crypto's moats, DePIN's product-market fit, spatial computing, zero knowledge proof use cases, and cultivating communication style.
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Modular vs Integrated Systems
- The debate between modular and monolithic blockchains lacks a universal answer and varies over time and layer interaction.
- Both modular and integrated systems typically coexist and are context-dependent in their value and trade-offs.
Modular Complexity Underestimated
- Modular blockchain designs significantly increase developer complexity beyond security nuances, including bridging, address formats, and liquidity issues.
- These social and technical complexities are underappreciated by many developers in the modular ecosystem.
Rethinking Composability
- Atomic composability mainly benefits arbitrage bots and is not the critical factor for product design.
- True composability means developers can build on a standardized L1 with consistent wallets, exchanges, and onramps, simplifying broader adoption.