Transcript
Introduction
Patrick
My guests this week are Kyle Samani and Tushar Jain, both managing partners at Multicoin Capital. I've taken a bit of a break from crypto because I hadn't sensed many new angles to explore in this forum, especially from an investors point of view. I felt that while things kept evolving, the major investment thesis had been established and explored. Kyle and Tushar are interesting because of their often divergent views. For example, Kyle has been an outspoken supporter of Ethereum relative to Bitcoin. This conversation, which is meant for those still curious about crypto, offers lots of new food for thought. We discussed smart contract platforms, network effects, the coming platform wars, and why blockchains may not matter at all in 10 years.
Path to $10 Trillion
We'll start at the very broadest level, which is this idea of what the path may be for the crypto, beta, let's say, or total network value to reach five or $10 trillion, something massive that would result in a huge, multiple invested capital for people that are putting money into the crypto world today. So maybe we could start very broadly with that idea, what might be the path from here to there and where, if I don't know how many paths there are you tell me, along each of those paths, what kind of cryptocurrencies would represent the winners?