We're joined by Kyle Samani, the co-founder of Multicoin Capital and one of crypto's most independent thinkers. In this episode, we cover why "monolithic L1s" is a misnomer, the value of global state, how a protocol establishes moats, why DePIN is finding product-market fit, how Kyle synthesizes new ideas and more!
- -
Timestamps:
(00:00) Introduction
(00:34) The Modular vs Monolithic Debate
(07:43) Bootstrapping Communities
(09:17) A Case for Rollups and Appchains
(15:33) The Value of Composability and Globally Shared State
(23:22) Crypto’s Moats, Meat Space and the Saga Phone
(28:38) Don’t Sleep on DePIN
(45:11) Spatial Computing and New Form Factors
(53:42) Kyle’s Thinking Process
(57:49) Zero Knowledge Proof Use Cases
(01:04:21) How Kyle Cultivated His Communication Style
(01:06:03) Advice for Founders
- -
Although our guests this week are managing partners of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.
- -
Follow Kyle: https://twitter.com/KyleSamani
Follow Mert: https://twitter.com/0xMert_
Follow Garrett: https://twitter.com/GarrettHarper_
Follow Lightspeed: https://twitter.com/Lightspeedpodhq

Subscribe on YouTube: https://bit.ly/43o3Syk
Subscribe on Apple: https://apple.co/3OhiXgV
Subscribe on Spotify: https://spoti.fi/3OkF7PD

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Use code EMPIRE30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
- -
Resources:
Multicoin Capital
https://multicoin.capital/

Unlocking Payments Over Crypto Rails
https://multicoin.capital/2022/12/08/unlocking-payments-over-crypto-rails/

Stratechery (Ben Thompson)
https://stratechery.com/
- -
Disclaimers:
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.