Kain Warwick, founder of Synthetix, and Kyle Samani, managing partner at Multicoin Capital, debate the merits of Ethereum, Solana, and Binance Smart Chain. In this episode, they discuss:

• why Ethereum is losing market share to Solana and BSC
• whether decentralization matters and at what point decentralization becomes redundant
• why they think Solana and Binance Smart Chain need to be taken seriously as competitors to EThereum
• whether BSC or Solana is the bigger long-term threat to Ethereum
• the biggest obstacle to Ethereum’s success (and it’s not gas fees)
• how Ethereum will navigate fragmented Layer 2 solutions
• Solana and its lack of developers
• what differentiates DeFi from CeFi
• why Solana has an edge on Ethereum in terms of composability 
• how Ethereum will onboard new users
• why Kain is such an ardent backer of Ethereum
• why both Kyle and Kain think EIP 1559 and the potential for higher ETH prices is bad for Ethereum
• if Synthetix would ever consider launching a cross-chain product
• the viability of a multi-chain world
• why Kyle believes the future holds a winner-take-most blockchain ecosystem

 

Thank you to our sponsors!

E&Y: https://ey.com/globalblockchainsummit 

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 

Kyber Network: Dmm.exchange 

 

Episode Links

 

People

Kyle Samani

• Twitter: https://twitter.com/KyleSamani 
• Multicoin Capital: https://multicoin.capital/ 

Kain Warwick

• Twitter:  https://twitter.com/kaiynne

Synthetix: https://synthetix.io/ 

 

Content

Kain’s tweet that instigated this pod:

• https://twitter.com/kaiynne/status/1387266949302734852

Multicoin Blogs:

• New $100m fund focused on Solana

https://multicoin.capital/2021/05/04/announcing-venture-fund-ii/ 

BNB Investment + valuation

https://multicoin.capital/2019/02/19/binance-coin-analysis-and-valuation/ 

Investment in Solana

https://multicoin.capital/2019/07/30/the-world-computer-should-be-logically-centralized/ 

Ethereum analysis

• https://multicoin.capital/2019/05/24/the-unbundling-of-ethereum/

• Value Capture at Layers 1 and 2

https://multicoin.capital/2019/03/14/on-value-capture-at-layers-1-and-2/ 

Kain Warwick and Sam Bankman Fried podcast

https://www.cryptonotes.org/2020/10/sbf-kain-blockcrunch-117/ 

Comparing AMMs on different blockchains

https://www.coindesk.com/pancakeswap-uniswap-sushiswap-crypto-defi-exchange 

BSC and Solana NFT platforms

• https://www.theblockcrypto.com/post/102959/binance-is-launching-its-own-nft-marketplace-in-june

https://www.coindesk.com/banksy-burners-raise-3m-to-build-nft-platform-on-solana 

Overview of Layer 2 solutions on Ethereum

• https://ethereum.org/en/developers/docs/scaling/layer-2-rollups/

Binance Smart Chain guide

• https://defiprime.com/binance-smart-chain

Solana guide

https://thedefiant.io/solana-defi-ecosystem-overview/

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