Network Effects and Value Accrual in Crypto | S7 E7 | Kyle Samani

Bell Curve

Season 7 | Episode 7

In today's episode Kyle Samani from Multicoin Capital joins Michael and Hart to discuss the complex dynamics of network effects in the blockchain ecosystem. The conversation dives deep into the different types of network effects at play, the phenomenon of anti-network effects caused by high gas fees, and the potential for blockchain technology to revolutionize global finance. Kyle shares his insights on the end state of L1 blockchains, the role of interoperability, and where value may ultimately accrue in the crypto stack. Along the way, they debate the relative importance of technological innovation versus monetary characteristics in driving value.

Although our guest this week is a Managing Partner of a registered investment adviser, nothing in this podcast should be considered an offer of Multicoin’s investment advisory services or should otherwise be confused for investment, tax, legal or other financial advice.

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Follow Kyle: https://twitter.com/KyleSamani

Follow Hart: https://twitter.com/hal2001

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Timestamps:

(0:00) Interview Start: Kyle Samani

(3:53) Network Effects & Blockchains

(17:57) Blockchain Based Games & Social Apps

(27:45) Sei Ad

(28:44) Uniswap Ad

(29:38) Supra Ad

(30:34) Integrated vs Modular

(33:06) Protocol vs Token Network Effects

(55:36) End State of L1s

(1:08:58) Outro

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Disclaimer: Nothing said on Bell Curve 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. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.