Reasoning By Analogy With Kyle Samani

Kyle Samani of Multicoin Capital–a fund well known for its Solana bags and focus on DePIN–joins The Gwart Show! Today, we discuss Solana's potential to overtake Ethereum, the future of DeFi, token economics, and the emerging DePIN sector. We have some hot takes on Ethereum as a failed project, ultrasound money, etc. Also we talk about moats for dapps, wallets and infra (always infra…)

Follow our guest on Twitter: @KyleSamani @multicoincap

00:00 Start
00:53 Breakpoint & Token impressions
08:27 Bitcoin is nonsense
10:12 Debt vs commodity money
12:55 SOL / ETH flippening
19:47 Arguments for ETH
27:06 Valuing base on MEV
33:50 NASDAQ on-chain
34:38 Tokenized equities
38:34 Future of ETH
42:28 Ultrasound money meme
48:17 Deflow, wallets & order flow
52:56 Order flow and centralization
1:02:57 SVM building L2s
1:07:50 DePINs - Decentralized physical infrastructure networks
1:13:50 Target prices of SOL/ETH flip
1:21:56 Are there any moats for apps?

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