How Solana and Binance Smart Chain Could Take Ethereum's Lead - Ep.240

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 25 May 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

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/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host,
0:07.9	Laura Shin, a journalist with over two decades of experience. I started Kevin Crypto six years
0:12.6	ago and as the senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency
0:17.4	full-time. Sign up for my newsletter where you can read about how to pre-order my book,
0:22.0	The Cryptopians. Idealism, greed, lies, and the making of the first big cryptocurrency phrase.
0:27.7	Head to unchainedpodcast.com and the sign up for the email newsletter is right on the homepage.
0:33.2	The Crypto.com app lets you buy, earn, and spend crypto all in one place.
0:38.1	Earn up to 8.5% interest on your bitcoin and 14% interest on your stablecoins paid weekly.
0:45.3	Download the Crypto.com app and get $25 with the code Laura. The link is in the description.
0:52.0	Kuiper's dynamic market maker DMM is the first DeFi protocol designed to adapt to market conditions,
0:59.5	to optimize fees, maximize returns, and enable extremely high capital efficiency for liquidity providers.
1:07.7	Today's episode is sponsored by EY Blockchain. Ernst & Young is committed to supporting
1:13.0	integration of the world's business ecosystems on the public Ethereum blockchain.
1:17.6	Today's topic is whether Ethereum needs to worry about these
1:22.3	eth killers, the new generation of them, the prime examples being Solana and Binance Smart Chain,
1:29.5	here to discuss arcane work, founder of Synthetics, and Kyle Semani, managing partner at Multicoin
1:34.6	Capital. Welcome, Kane and Kyle. Thanks for having us. Hey Laura, good to be back on the show.
1:39.3	I'm looking forward to this. This would be a fun spicy spicy debate. Yeah, should be should be good fun.
1:45.5	I know. That was exactly what Kane and I were discussing when we were figuring who his
1:53.2	conversation partner should be. So listeners should know that the impetus for this show was a recent
1:58.8	tweet storm that Kane wrote up saying that he was concerned about the Solana and Binance
2:03.2	Smart Chain communities, quote, genuinely gaining organic traction. Much more so than say EOS or
	...

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