Kyle Samani of Multicoin on Accelerating the Adoption of Sovereign Software, Designing Token Systems that Capture Value, and Why Composability is the Key to Crypto (EP.192)

I’ve got Kyle Samani back for his third appearance on Panic with Friends. As unusual, Kyle does a fantastic job of breaking down crypto with compelling use cases that will leave you with a better understanding of where we’ve been and where the promise of Web3 will take us. I’ve been a personal LP in his fund since it started in 2017, with positive results even through the brutal Crypto Winter of 2018/19. This episode piggybacks last weeks episode with Tushar Jain, Kyle’s co-founder at Multicoin Capital. Listen to them both. You’ll walk away realizing the inevitability of Web3 and where the major trends in technology are developing. 

Guest - Kyle Samani, Co-Founder and Managing Partner of Multicoin Capital 

Multicoin Summit Keynote

howardlindzon.com, multicoin.capital 

Twitter: @howardlindzon, @PanicwFriends, @kylesamani, @multicoincap, @knutjensen 

linkedin.com/in/kylesamani 

#fintech #invest #investment #venturecapital #stockmarket #finance 

Show Notes: 

• (00:37) – Intro
• (03:38) – The biggest change from the multitude of crypto pullbacks
• (04:45) – Growth and estimates of individual crypto holders
• (05:30) – Changes in how people access information
• (07:48) – Trading platforms are a commodity
• (09:23) – The 'flippening' from stocks to crypto
• (10:27) – Composability explained
• (13:45) – Building higher order apps on top of existing things
• (16:11) – Importance of latency and throughput
• (17:45) – Accelerating the adoption of sovereign software
• (19:54) – How things are different now
• (23:04) – The case for compute (Render)
• (28:20) – Designing a token system that captures value
• (32:07) – Fleshing out the Web3 infrastructure
• (32:17) – Defining Web3
• (34:25) – Web3 compliments Web2
• (35:41) – Understanding competing blockchains
• (38:47) – Binance, FTX, and Coinbase
• (43:46) – Closing thoughts