Vinny Lingham
👤 SpeakerAppearances Over Time
Podcast Appearances
And obviously, I led a round for Multicoin Capital.
I was a general partner in Multicoin, so I led the Solana round there.
And got people to know what Solana was about and how it was planning to scale and get to thousands and thousands of transactions per second.
Remember, Bitcoin has seven transactions per second.
Lightning Network is supposed to make it better, but that's been in promise for 10 years.
We haven't gotten there.
So guess what?
It moved to Solana.
It kind of went via Ethereum.
Everyone thought Ethereum was the next big scaling solution, 21 TPS.
And then they couldn't scale that, so they went Layer 2, and Layer 2's not working.
It's kind of failing, in my opinion.
But Solana's Layer 1, all on-chain, highly composable.
And so, yeah, been an early back-end supporter of Solana, and it's been a great run.
I think it eventually will.
Wow.
Yeah.
Because the problem with Layer 2s and Ethereum is that when a Layer 2 gets to a certain number of scale, you know, the question, I mean, this has been asked, and I think some guys have tried to do it, and I don't spend too much time on Ethereum ecosystem, is why are they on Ethereum?
Just go and launch your own chain and migrate people across.
So then what's the point of, you know, the long-term...