/ Insights
Most people talk about financial services in crypto—trading, saving, lending, etc.—as either “decentralized” or “centralized.” Crypto advocates tend to characterize the former as less risky because users don’t have to trust a counterparty to custody their assets, removing the risks of losing their funds through a hack, impropriety, seizure from governments, and other forms of human error or malice.
/Unchained Podcast: Teetering on the Edge: How Black Thursday Exposed the Flaws in the Crypto Markets - Ep.164
Laura Shin and Kyle Samani dissects Black Thursday, March 12, the day the crypto markets plunged twice amid the wider sell-off in the markets due to the coronavirus on the Unchained Podcast.
/March 12: The Day Crypto Market Structure Broke (Part 2)
Note: A few days ago I published a postmortem detailing how the crypto market structure broke on March 12. This post, Part 2, will explore the potential solutions to some of the systemic problems outlined in Part 1. To recap, one of the core structural problems is that current blockchains—both Bitcoin and Ethereum—simply do not support enough transaction throughput to facilitate global trading across many venues in volatile environments.
/March 12: The Day Crypto Market Structure Broke (Part 1)
There were two large downward moves in the crypto markets on March 12th, about 13 hours apart. The first was early in the morning, and the second in the evening (in the US). The first move down—a ~25% move—was fast and relatively orderly given the size of the move; however, during the second leg down, the market structure broke.
/Blockcrunch: DeFi is a Ticking Time Bomb with Ben Sparango and Christian Keroles
In this very special episode, Ben Sparango (@bennybitcons) from Multicoin Capital and Christian Keroles (@CK_SNARKS) debate the most common critiques for DeFi: DeFi can't scale beyond speculation, DeFi can't bank the unbanked, Composability is a ticking time bomb, The "skeumorphism" of DeFi.
Today, the vast majority of economic activity is conducted via corporations. Corporations were invented in the 1400s, with the first versions manifesting as joint-stock companies. Capital structures, limited liability, and other parameters have evolved since then, but the fundamental premise of the corporation as the conduit to facilitate economic activity remains largely unchanged.
/A Conversation with Tom Shaughnessy on The Evolution Of the Web3 Stack
Host Tom Shaughnessy talks to Kyle Samani, Founder and Managing Partner of Multicoin Capital. Kyle discusses his predictions for the middle layer and full-stack development, attracting developers to the crypto space, how competition in the industry will develop, and a complete discussion on the Web3 Stack.
/Laura Shin and Kyle Samani discuss How 2020 Will Be the Year of Small Success Stories
Kyle Samani, managing partner of Multicoin Capital looks ahead to 2020 based on how the space changed from 2018 to 2019. He talks about how the space has matured and become more heterogeneous, when developers choose to build on platforms other than Ethereum and when they stick with it, and how the uncertainties about Ethereum 2.0 are affecting developers' choices.
.avif?u=https%3A%2F%2Fimages.ctfassets.net%2Fqtbqvna1l0yq%2F6jWCv8UL2kFPJizX6Lo2lh%2F718c8af0338d01af3ad120ffe8378314%2Fjohn_robert__1_.jpg&a=w%3D200%26h%3D200%26fm%3Davif%26q%3D75&cd=2019-04-23T15%3A05%3A11.951Z)
Our summits are deliberately thematic. Our most recent summit centered around three major discussions: the institutional mindset with regard to crypto, the implications of exchange and neo-bank innovation, and tangible evidence of growth during the doldrum. You can see videos from the November 2019 Summit here, and videos from our prior summits on our Youtube page.
/Chorus One and Kyle Samani Discuss the Crypto Mega Theses
The interview goes into the role of centralized exchanges and implications for the ecosystem, starting with taking a look at Binance’s approach that Multicoin has dubbed “blitzscaling”. Brendan and Kyle further explore networked liquidity and the DeFi ecosystem discussing who might dominate in the space of protocols, aggregators and robo-advisors if non-crypto players with better distribution channels join the space.