SOL/ETH is up 300% YoY and ETH/BTC is down 50% over the last 2 years. Why is that? Why is ETH underperforming so bad?
Kyle Samani is the Managing Partner & Co-Founder at Multicoin Capital. Kyle and Multicoin have been one of the largest investors and proponents of Solana. They have been spearheading the ‘integrated blockchain’ investment theses even before the success of Solana redefined that corner of crypto.
This episode is not intended to be a debate like the Anatoly vs Justin Drake one. Ryan and David are mostly going to sit back and hear Kyle’s perspective and reasoning as to why ETH has been down so bad in this crypto cycle. Enjoy!
------ TIMESTAMPS
0:00 Intro 2:58 Ethereum in a Vacuum 7:28 ETH Vs. BTC 23:07 Broken Layer2 Interoperability 32:04 Value Capture 46:37 What Needs to Change 50:14 Decentralization 1:01:25 Solana 1:07:16 Steelmanning Ethereum 1:12:40 Closing & Disclaimers
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Kyle Samani is the Managing Partner & Co-Founder at Multicoin Capital. Kyle and Multicoin have been one of the largest investors and proponents of Solana. They have been spearheading the ‘integrated blockchain’ investment theses even before the success of Solana redefined that corner of crypto.
This episode is not intended to be a debate like the Anatoly vs Justin Drake one. Ryan and David are mostly going to sit back and hear Kyle’s perspective and reasoning as to why ETH has been down so bad in this crypto cycle. Enjoy!
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TIMESTAMPS
0:00 Intro
2:58 Ethereum in a Vacuum
7:28 ETH Vs. BTC
23:07 Broken Layer2 Interoperability
32:04 Value Capture
46:37 What Needs to Change
50:14 Decentralization
1:01:25 Solana
1:07:16 Steelmanning Ethereum
1:12:40 Closing & Disclaimers
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RESOURCES
Kyle Samani
x.com/KyleSamani
Multicoin Capital
multicoin.capital/
Paths To Tens Of Trillions Blog Post
www.linkedin.com/pulse/paths-tens-trillions-kyle-samani/
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Not financial or tax advice. See our investment disclosures here:
www.bankless.com/disclosures