Kyle Samani, co-founder of Multicoin Capital, critiques the enthusiasm for cryptocurrencies and Web3, deeming them less interesting than expected. He considers blockchain mainly an asset ledger, indicating that its potential beyond financial use is limited.
He highlights that on-chain privacy is a significant unresolved issue, expressing hope for Zama’s solution. His tweet, which was deleted soon after, suggests he may have faced backlash or reconsidered his stance.
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