WBD 033 - Interview with Kyle Samani

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Interview location: Skype
Interview date: Wed 5th September 2018
Company: Multicoin Capital
Role: Founding Partner

Kyle first appeared on the What Bitcoin Did podcast in March, where we discussed his views on regulation in Crypto, institutional inflows and his doubts about Bitcoin. Since then, Kyle Tweeted about his changing stance with Bitcoin, specifically stating "TLDR: I'm bought in. Kind of."

Kyle does split opinion; there are maximalists who think he talks nonsense, some who hold him to account for his over bullish thoughts on EOS and others who appreciate his hard work and the thought pieces he puts into the market.

Following Kyle, I have come to understand his approach. As a hedge fund manager, his goal is to create a return on his capital, and he sees blockchain as a disruptive technology which can change the world, thus creating a return for the fund. Kyle, therefore, puts out statements, questions and ideas into the market to spark a debate. He doesn't mind being wrong, insulted or challenged; everything is done with the goal of finding value and investment ideas.

Whether you agree with Kyle or not, if there is value to be created outside of Bitcoin then Kyle will likely find it, which is why significant other investors are backing him. In this interview we discuss:

• Why his view has changed on Bitcoin

• Miner rewards after the 2024 halving

• Proof of stake v proof of work

• What will be the global digital reserve asset

• Kyle’s article: Aggregation Theory, Thin Protocols, And Recentralization: Augur Edition

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SPONSORS

BlockFi
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SHOW NOTES

• Connect with Kyle:

  • On Twitter @kylesamani

  • On Medium

  • Kyle's blog (currently paused but useful for old content)
     

• Multicoin Capital:

  • Website: https://multicoin.capital/

  • Twitter

  • Crunchbase

  • AngelList
     

• Key Multicoin Capital blog posts:

  • Aggregation Theory, Thin Protocols, and Recentralization: Augur Edition

  • Models for Scaling Trustless Computation

  • New Models for Utility Tokens

  • Understanding Token Velocity

  • Path to Tends of Trillions

  • Why We Invested in Multicoin
     

• Other Important Articles: 

  • Marc Andreessen, Craft Ventures Back Crypto Hedge Fund Multicoin

  • Multicoin Capital Plans $100 Million Raise for New Blockchain Investment Fund
     

• Books Mentioned:

  • Saifedean Ammous - The Bitcoin Standard

  • David GraeberDebt - The First 5000 Years

  • Friedrich A. Hayek - Denationalisation of Money
     

• Other Mentions

  • The Fat Protocol Thesis

  • Cunningham’s la

  • Selfish Mining

  • Bitcoin Halving
     

• Other relevant WBD podcasts:

  • WBD 023: Tuur Demeester

  • WBD 031: Ari Paul

  • WBD 029: Jamie Burke

  • WBD 023: Michael Sonnenshein

  • WBD 008: Kyle Samani

  • WBD 005: Jamie Burke

  • WBD 004: Mike Jones

THANKS

• Jason Camiolo for audio production, his website is at http://www.jasoncamiolo.com/