Top all-time · #3014
Multicoin Capital
Company blog · multicoin.capitaleconomicsstartups
Multicoin Capital is the company blog at multicoin.capital, writing about economics and startups. Since 2017, 26 different Hacker News readers have linked it 30 times, most often “The Web3 Stack”. It is still writing: the last post was on 2026-10-28, and you can follow it by feed.
Too few sampled comments (9) to say how often HN recommends it.?
Why HN links it
HN readers link Multicoin Capital, a crypto-focused fund, for its research posts on blockchain scaling, token valuation and Bitcoin as digital gold. Commenters cite these posts as sources in discussions of crypto theory.
Summarised by Claude from a sample of 9 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets.
Most-linked posts?
- The Web3 Stack3 people · 3 mentions · first linked 2018-07-10
- Models for Scaling Trustless Computation3 people · 3 mentions · first linked 2018-02-26
- /2018/01/17/an-overview-of-stablecoins/2 people · 2 mentions · first linked 2018-03-08
- On the Network Effects of Stores of Value – Multicoin Capital2 people · 2 mentions · first linked 2018-05-24
- The Helium Flywheel2 people · 2 mentions · first linked 2021-03-17
What Hacker News says?
Anyone can call themselves a "blockchain enthusiast" that doesn't mean they're smart or know what they're doing. Examples of good thinkers are the guys over at multicoin capital, a crypto focused hedge fund: https://multicoin.capital I don't agree with everything they invest in, but they have clear, logical theses
Comment linking /
on “You Do Not Need Blockchain: Popular Use Cases and Why They Do Not Work”Submitted Understanding Crypto Regulations as a story · 20 points
HN discussion> I suppose the only drawback here is that they're issued from a centralized authority. That's only true for this type of "vouchers" stablecoins, where coins are redeemable for some physical asset. There are whole other classes of stablecoins that seek to achieve price stability through decentralized means, either using other cryptocurrencies as collateral[1], or using algorithmic bond-issuance mechanisms[2]. Multic…
Comment linking /2018/01/17/an-overview-of-stablecoins/
on “Coinbase is launching support for the USDC stablecoin”Submitted The Unbundling of Ethereum as a story · 3 points
HN discussionApparently Bitcoin is trying to re-position itself as Digital Gold instead of currency now. https://multicoin.capital/2017/09/21/bitcoin-better-digital-... https://medium.com/@tuurdemeester/bitcoin-digital-gold-or-di...
Comment linking /2017/09/21/bitcoin-better-digital-gold/
on “Warning Signs About Another Giant Bitcoin Exchange”Submitted A New Model for Token Distribution as a story · 3 points
HN discussionScams aren't limited to cryptocurrency. There are actual businesses that are providing the real-world utility with the assistance of cryptocurrency. Take, for example, Helium Network. Helium has scaled the most ubiquitous IoT network on Earth with a revolutionary business model that incentivizes users to set up IoT hotspots and soon other wireless protocols like 5G, Wi-Fi 6, VPN, and more, with cryptocurrency incent…
Comment linking /2021/03/17/the-helium-flywheel/
on “Do kwon sent $80M a month to secret wallets?”Submitted $100 Trillion as a story · 3 points
HN discussion> You will need to figure out how to keep the value stable on a day-to-day and year-to-year basis. This is a difficult problem that's being tackled by multiple projects, such as MakerDAO[1] (DAI) and Bitshares[2] (BTS). Also less reputable implementations like Tether[3] (USDT). A good article for more detail is An Overview Of Stablecoins[4] [1] https://makerdao.com/ [2] https://bitshares.org/ [3] https://tether.to/…
Comment linking /2018/01/17/an-overview-of-stablecoins/
on “Statement on Potentially Unlawful Online Platforms for Trading Digital Assets”Submitted The Web3 Stack as a story · 3 points
HN discussionI don't think there's a formal proof, but the idea has certainly been entertained. The scalability trilemma might be what you're looking for: https://multicoin.capital/2018/02/23/models-scaling-trustles...
Comment linking /2018/02/23/models-scaling-trustless-computation/
on “Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud”Submitted Models for Scaling Trustless Computation as a story · 3 points
HN discussion1. Not all cryptocurrencies are deflationary. Some have inflation built in. 2. Scalability will be much improved over the next year (see: lightning network, plasma, raiden, sharding, alternate consensus systems like dPOS, etc.; for a deep dive, this is a good place to start: https://multicoin.capital/2018/02/23/models-scaling-trustles... ).
Comment linking /2018/02/23/models-scaling-trustless-computation/
on “US Digital Currency”Submitted New Models for Utility Tokens as a story · 3 points
HN discussionEverything can be fundamentally valued, my friend. Even if that valuation means 0. Why don't you start here, and come back when you know what you're talking about :) https://multicoin.capital/2017/08/24/rep2017/
Comment linking /2017/08/24/rep2017/
on “How I Made $15,000 / Day as a Fresh College Grad”Submitted The Helium Flywheel as a story · 2 points
HN discussion"The Helium vision is the most ambitious we have seen in the blockchain space since the advent of smart contracts on Ethereum: Helium represents a fundamentally new approach—one with a radically reduced cost structure—to deploying and managing wireless networks at scale." https://multicoin.capital/2019/06/12/helium-series-c/
Comment linking /2019/06/12/helium-series-c/
on “Helium”Submitted The Web3 stack as a story · 2 points
HN discussionSubmitted The Web3 Stack as a story · 2 points
HN discussionSubmitted Decentralized Security as a story · 1 points
HN discussionSubmitted Lightning 2020: A Toolkit for Heretical Web3 Developers as a story · 1 points
HN discussionSubmitted Exploring the Opportunity for DeFi Interest Rate Markets as a story · 1 points
HN discussionSubmitted On the Network Effects of Stores of Value as a story · 1 points
HN discussionSubmitted DeFi's Invisible Asymptotes as a story · 1 points
HN discussionSubmitted Multicoin led a $20M investment in Solana, a blockchain supporting 50k tps as a story · 1 points
HN discussionSubmitted On Value Capture at Layers 1 and 2 as a story · 1 points
HN discussionSubmitted The Evolving Role of Crypto Investors as a story · 1 points
HN discussionSubmitted Aggregation Theory, Thin Protocols, and Recentralization: Augur Edition as a story · 1 points
HN discussionSubmitted On the Network Effects of Stores of Value – Multicoin Capital as a story · 1 points
HN discussionSubmitted Understanding token velocity as a story · 1 points
HN discussion
