Although our guests this week are managing partners of a registered investment adviser, nothing in this podcast is investment, tax, legal or other financial advice.
In this episode of Empire, Kyle Samani and Tushar Jain of Multicoin join us in their first public discussion since the fall of FTX and Solana's crash. We start with a detailed discussion about Multicoin's relationship with SBF and FTX: how they met, their views on SBF, watching the blow-up and the implications for Multicoin's fund.
Kyle and Tushar then explain why they are still betting big on Solana, why most funds don't earn excess returns, how L2s offer false security, why defi isn't ready yet, prioritizing speed of security and more! Prediction: This will be the best episode of 2023.
(01:37) SBF and FTX Backstory
(15:48) Multicoin’s Solana Bet
(26:34) Conviction, Sizing and Earning Excess Returns
(33:43) The Intersection of AI and Crypto
(42:15) Why DeFi Isn’t Ready
(45:50) Decentralized Sequencers and the EVM
(52:51) Poritizing Speed and L2 [False] Security
(01:01:33) Multicoin’s Bet on Filecoin
(01:08:47) BTC and the SoV Use Case
Follow Kyle: https://twitter.com/KyleSamani
Follow Tushar: https://twitter.com/TusharJain_
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.