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Nick Tomaino Profile picture
@NTmoney
Oct 22 • 1 tweets • 1 min read • Read on X
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More from @NTmoney

Nick Tomaino Profile picture
Feb 10, 2023
At this point no one in their right mind can believe the SEC is acting in the best interest of the American people by forcing Kraken to shutdown its staking offering
The SEC reached out to me about staking in 2020 bc they saw an article about @1confirmation's interest in staking. We had a good discussion - they were genuinely open minded & interested in learning

Today shows that while there's great people at the SEC, leadership is lost
Stopping a company which has earned a lot of consumer trust by providing users over a decade of great service from allowing Americans to earn staking reward doesn't help anybody
Read 7 tweets
Nick Tomaino Profile picture
Jan 31, 2023
Venture capital is the dumb money in crypto
The reason is institutional LPs are lazy at allocating, so way too much $$ goes to VCs that fit a mold and spin a good narrative but lack original insights, strong vision and product understanding
That leads to things like FTX, which was propped up by hundreds of millions in out of touch venture capital, which was propped up by bad institutional capital allocators 🫤
Read 8 tweets
Nick Tomaino Profile picture
Oct 23, 2022
It’s useful to make a good faith assumption that SBF & team are trying their best, but the hypocrisy (which prob won’t be addressed by PR speak) is hard to deny

Here’s context on why many who care about crypto and freedom were triggered by the recent FTX post on the DCCPA bill:
FTX is the known consumer brand that offers a crypto exchange to retail, but there’s also Alameda Research, a lesser known investment firm closely affiliated with FTX
Many have assumed there has been shared ownership & decision making at FTX/Alameda & observed a recurring pattern between them that has been predatory to retail

If Citadel owned and operated a penny stock exchange, bought early, then pumped & offered higher, that’d be bad…
Read 24 tweets
Nick Tomaino Profile picture
Oct 16, 2022
Purists and tourists in crypto -->
Long-form here: getrevue.co/profile/1confi…

Thread below ⬇️
The open ethos of crypto is the reason the industry is where it is today. If Bitcoin was not open source from the beginning no one would have used it
Read 20 tweets
Nick Tomaino Profile picture
Jul 26, 2022
Recently bought Cryptopunk #4156 for $3.31M

Here’s why:
The tldr is it has venture upside over a 5+ yr time horizon & grail purchases make NFTs more “real” to the masses which is great for creativity in the world

Most see NFTs as a zero sum casino but there’s something deeper happening. More on the asset class, collection & punk...
Creativity is what makes us uniquely human and NFTs are enabling a new wave of creative freedom
Read 21 tweets
Nick Tomaino Profile picture
Jul 12, 2022
Bear markets for crypto prices always coincide with bull markets for new crypto products

Ten worth checking out👇🏽
@farcaster_xyz - decentralized social network by @dwr & @varunsrin
@arpeggi_labs - on-chain music creation by @evan_dhillon @ksd_eth @utility_maxi
Read 12 tweets

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