Conversations with Multicoin Capital

Tushar recently chatted with Dhruv Bansal, Co-Founder and CSO of Unchained Capital. Dhruv is one of the brightest minds in crypto and had tremendous insights.

We discussed a variety of topics including: Dhruv's background and his introduction to crypto The origin story of Unchained Capital The importance of Bitcoin's Proof of Work consensus mechanism Chia Network's novel consensus algorithm, Proof of Space and Time (PoST) Opportunities for building specialized Chia farming hard drives Is the war against ASICs worth fighting? Is Bitcoin's energy usage inherently bad?

Kyle and Tushar recently joined Laura Shin on the Unchained podcast. This is one of our favorite crypto podcasts.

We had a wide ranging conversation on topics including:

• The origin story of Multicoin Capital
• The importance of go-to market strategy in crypto
• Challenges of investing in the age of open-source protocols
• The n-dimensional trade-off space of smart contract platforms
• Where Kyle and I disagree on Bitcoin/Lightning Network
• Our thoughts on stablecoins

This is the first of many conversations that we will have about various topics in the crypto space.  In this conversation, we discuss our latest research report on IOTA.  We talk about the key features of IOTA, the nuances of the project, and our research findings.  Our discussion is followed by a Q&A in which we field questions from our live audience.