Technical Scalability Creates Social Scalability

By Kyle Samani

| 16 minute read

This essay assumes familiarity with Nick Szabo’s essay on Social Scalability, Vitalik Buterin’s essay on Weak Subjectivity, and Haseeb Qureshi’s essay on Why Decentralization Isn’t As Important As You Think. This essay is not a rebuttal of Szabo’s essay.

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Technical Scalability Creates Social Scalability

This essay assumes familiarity with Nick Szabo’s essay on Social Scalability, Vitalik Buterin’s essay on Weak Subjectivity, and Haseeb Qureshi’s essay on Why Decentralization Isn’t As Important As You Think. This essay is not a rebuttal of Szabo’s essay.

Announcing Venture Fund II

Building on the success of our first venture fund, we’re proud to announce that Multicoin Capital has raised a new $100M venture fund to back entrepreneurs building companies (equity), and protocols (tokens) in and around the crypto space. We have been investing out of this vehicle for several months already.

The Helium Flywheel

Helium is a new crypto economic protocol that underpins a new business model deploying and managing wireless networks at about 100x lower cost than traditional top-down telecom business models. The first wireless technology supported by Helium is LoRaWAN, a popular technology for IoT devices. Multicoin Capital co-led the Series C round in Helium Inc in 2019 along with USV.

THORChain Analysis

Multicoin Capital has accumulated a large position in RUNE, the native token of THORChain, a decentralized cross-chain automated market maker (AMM). RUNE represents one of our largest public positions.

Our Investment in OXIO

I’m excited to announce Multicoin Capital’s investment in OXIO. We led OXIO’s $3.5M seed round last year, and now the company is emerging from stealth following a $12M Series A financing led by two of the top VCs in Latin America, monashees and Atlantico Capital.

Watch Fireside Chats with Solana, Helium, Ribbit Capital from the Fall 2020 Multicoin Summit

With another successful summit in the books, I’m delighted to share three of our most popular fireside chats from our fall summit. This year, we held our first virtual event, the first of hopefully many more to come. It was a great format that afforded us the opportunity to reach more people around the world and go deeper than we ever have before.

Huobi Token ($HT) Analysis and Valuation

Exchange tokens are currently the most interesting sector in crypto because they sit at the intersection of where there is demand today and where there will be opportunities tomorrow. We have previously expressed a [thesis](https://multicoin.capital/2019/10/29/exchanges-are-open-finance/ "Exchanges are Open Finance") that exchange tokens are the best way to get exposure to open finance and that there is tremendous growth potential.

The Web3 Stack, 2019 Edition

A year ago, I illustrated [the Web3 stack as I understood it at the time. I have learned more, and the ecosystem has evolved since then, so I decided to update the Web3 stack. Whereas the 2018 Edition was just a flat visualization of a single instance of the Web3 stack, the 2019 Edition aims to show the Web3 stack as a set of interoperable networks. In order to do this, I organized the 2019 Edition into 4 images (plus a bonus), starting from a narrow view, and zooming out from there.

なぜBinanceの成長はBlizscalingといえるのか(Binance is Blitzscaling)

ベンチャー投資家でLinkedIn共同創業者のReid Hoffman(リード・ホフマン)氏は、スタートアップ企業が不確実な状況の中で効率よりもスピードを優先させ、市場で圧倒的No1のポジションを築き上げることを「Blitzscaling(ブリッツスケーリング)と名称した。

プライバシーは製品ではなく機能です

開示:Multicoinは、投資活動に関連する利益相反を特定し、効果的に管理するために合理的に設計された書面のポリシーと手順を確立、維持、および実施しています。マルチコインキャピタルは、このレポートに記載されている資産の「取引禁止ポリシー」を、公開後3日間(「取引禁止期間」)遵守します。マルチコインキャピタルは長いBTC-USDおよびETH-USDです。短いZEC-BTCおよびXMR-BTC。