Multicoin Capital supports EOS and Ethereum at the expense of Litecoin and Ripple

Multicoin stays true to EOS

Multicoin Capital is a hedge fund supported by Marc Andreessen and Chris Dixon of Andreessen Horowitz, Union Square Ventures and other VCs (Venture Capital).

Kyle Samani, the co-founder of Multicoin, told Fortune that his company remains faithful to the EOS despite the negative return following the launch of its Mainnet.

"For now, we maintain our position, we have not sold. The launch of EOS did not go as well as we hoped. All things considered, in reality, things did not go as badly as people say. I agree that the result was not as good as it should have been with the resources they had, so they made mistakes. But in the long run, they are rounding errors, they do not really matter. "

The Ethereum is "the best over a period of 10 years"

Samani took Ethereum as an example, recalling that at the launch of his Blockchain network three years ago, he encountered many difficulties. Yet, it is now the second largest cryptocurrency in terms of market capitalization, after Bitcoin. ETH also holds a dominant position in Multicoin.

"People seem to forget, but the Ethereum in its infancy in 2015, when its Blockchain was launched, it started without tools, without infrastructure at all. People were really trying to slander it and the system was pretty hard to use for a while. The EOS was better than that. "

In addition, the relative maturity of Ethereum and its explosive popularity make Samani optimistic. "If you told me to pick a token today and come back in 10 years, I would choose Ethereum. "

Litecoin has "no reason to exist"

Although Samani is a Bitcoin supporter, he believes that Litecoin has no place in the digital currency market.

"The Litecoin in my opinion has no reason to exist. It was a fork of Bitcoin. He has made no progress, that's all he is. The only investment thesis I've heard from Litecoin is that it's a Bitcoin testnet, but it's not an investment thesis. "

"The Ripple and Security"

Regarding the Ripple, Samani advises to stay away, saying that the promise of total security is impossible to hold.

"We do not know when it will go down, however the catalysts seem to have disappeared somewhat from the Ripple. I think if the SEC, the US regulator says that the Ripple is officially a financial title, all cryptocurrency trading will stop Ripple trading. So if that happens, the liquidity will dry up on the XRP and the price will fall. "

Meanwhile, Brad Garlinghouse, Ripple's CEO, categorically denies claims that the XRP is a financial security.

to read also: Learning Solidity (Ethereum): Smart Contract and Army of Zombies

What do you think of Samani's comments about the EOS, Ethereum, Litecoin and Ripple? Tell us in the comments section below.