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Nick Tomaino

@NTmoney

Dec 8 • 1 tweets • 1 min read • Read on X

There’s no capital gains tax on crypto in 22 countries.

This list is growing and America must join to keep our lead in innovation and wealth:

• Anguilla
• Antigua & Barbuda
• Bahamas
• Belarus
• Bermuda
• British Virgin Islands
• Cayman Islands
• Cyprus
• Czech Republic
• El Salvador
• Georgia
• Germany
• Hong Kong
• Malaysia
• Malta
• Monaco
• Portugal
• Puerto Rico
• Singapore
• Slovenia
• Switzerland
• United Arab Emirates

• • •

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More from @NTmoney

Nick Tomaino

@NTmoney

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

@1confirmation

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

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Nick Tomaino

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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 🫤

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Nick Tomaino

@NTmoney

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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

@NTmoney

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

@NTmoney

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Here’s why:

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