a photo of crypto expert reviewer Kyle Samani

Kyle Samani

Kyle Samani is a managing partner at Multicoin Capital, an investment firm focused on crypto. He previously co-founded Pristine, a company that build software for Google Glass.

Multicoin Capital

Reviews by Kyle Samani

πŸ”‘ 8 positive | πŸ’© 9 negative

πŸ’©

Seems pretty reasonable to me that almost all PoW-GPU coins that aren't ETH are prone to being 51% attacked, at least until ETH moves to full PoS, at which point it's likely to become XMR I think (could be even sooner depending on FFG economics).

2018-05-24 | Full Review

πŸ’©

I don't know that much about NEO, but I'm generally skeptical. I also generally don't care for this author but figured I'd share. NEO holders, beware.

2017-12-19 | Full Review

πŸ”‘

The collateralized model (e.g. MKR, and not Tether) is fundamentally hard to argue against.

2018-05-21 | Full Review

πŸ’©

Quick rant on "discount tokens", eg BNB

TLDR: Discount tokens are *definitely* securities

2018-02-19 | Full Review

πŸ”‘

I've been skeptical of GPU-based decentralized compute networks like Golem, Coronai, Hadron, GPU Coin, and Hypernet for a while. I've spent a lot of cycles on them, and I'm really torn. Of course, when you see the data this clearly, it suggests that "of course you should invest in the decentralized compute protocols" because that rate of growth for AI compute is simply staggering.

2018-05-21 | Full Review

πŸ”‘

EOS is far and away the largest blockchain β€” in terms of usage, market cap, liquidity, and others β€” and requires the most active and engaged governance and technical infrastructure.

2018-09-18 | Full Review

πŸ’©

IOTA is a scam.

2018-07-13 | Full Review

πŸ”‘

Perhaps the most amazing thing about Ethereum is that it has both a strong community and a very aggressive product vision.

That may be the winning combo.

2018-11-06 | Full Review

πŸ”‘

The Zcash company is actively pushing to make it easier for everyone - users and exchanges - to adopt shielded txs!

2018-11-15 | Full Review

πŸ”‘

Coinbase is supporting USDC.

This is going to be the on-ramp that enables millions of people to interact with Dapps without taking on balance sheet risk.

2018-10-23 | Full Review

πŸ’©

0x protocol has a wide set of "customers", and the core 0x dev team does not have the resources to adequately support all of them concurrently (though this could theoretically change in the future)

2018-12-16 | Full Review

πŸ”‘

Dash has a pretty epic roadmap

https://www.dash.org/2017/06/27/roadmap.html …

2017-12-01 | Full Review

πŸ’©

Bancor is objectively worse than all other market makers. If asset already has liquidity, it's not necessary. If asset doesn't have liquidity, then why are they inventing a pity based liquidity provider? Bancor breaks capitalism IMO and is total nonsense.

2017-11-26 | Full Review

πŸ’©

OmiseGo's penetration is tiny on a global basis, a round error really. If you think on a global scale, their lead is not significant.

0017-09-21 | Full Review

πŸ’©

Network effects and competitive moats are generally misunderstood. Contrary to popular belief, there are no networks that exhibit n^2 network effects, and in fact many exhibit log(n) network effects, notably fungible asset exchanges. Bitcoin as digital gold will be subject to the perpetually sub-linear log(n) network effect, whereas Bitcoin as digital cash can achieve super-linear network effects as crypto adoption grows from <1% to 50% of the global population. The cryptocurrency that becomes the dominant store-of-value will by definition need to exhibit super-linear network effects as it grows.

Moreover, other types of competitive moats such as brand and broader ecosystem integrations do not exhibit increasing returns to scale, and can be easily overcome by a competitive network with super-linear network effects. We already have ample evidence that this is true.

2018-05-09 | Full Review

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