Nick Tomaino
Nick Tomaino is a co-founder and general partner of 1confirmation, an early-stage crypto fund. He previously worked in business development at Coinbase.
Nick Tomaino is a co-founder and general partner of 1confirmation, an early-stage crypto fund. He previously worked in business development at Coinbase.
All coin and product reviews by expert Nick Tomaino.
Monero (symbol XMR) is the current leader of the privacy-focused digital currencies.
Full review2017-01-03
The success of Tether, despite severe flaws in centralization and lack of transparency, is the only rebuttal necessary. There’s strong demand from the crypto community for a decentralized stablecoin; that is undeniable.....
By success, I mean that there's now over $1B worth of Tether trading volume/day and it's the 4th most actively traded cryptocurrency by volume:.
Full review2017-12-16
0x is a great project, there is a lot of hype around it though. Wouldn’t call it underrated
Full review2018-06-03
When product usage is growing despite a mediocre UX, it is typically a good idea to start paying attention if you're an entrepreneur or investor (see BTC over the past 9 yrs).
It is still quite early, but feels like @augurproject is on to something
Full review2018-07-17
What is the problem NEM is solving and for whom?
The qualifier to my statement was “useful” products. I don’t know anyone who finds NEM useful, but that’s why I made the list.
Full review2018-06-03
MakerDAO is more than a stablecoin project. Trustless margin trading provides public information previously only accessible to exchanges
Full review2018-06-17
My view is that the centralized collateral approaches (TrueUSD and Digix being the two most well-known) are not socially scalable enough to be liquid on a global scale in the long run, but they could serve certain customer bases and also be good collateral for more decentralized approaches.
Full review2018-05-23
The free movement in and out of cryptocurrency communities is crucial if we want to maintain the open, inclusive values that the industry was built on. Today 99% of crypto-to-crypto exchange volume is happening on centralized exchanges like Coinbase and Binance. Trusted 3rd party bridges work well for some people, but censorship, security breaches and theft have proven to be major problems that users of centralized exchanges face. A self-sovereign bridge that connects cryptocurrency communities is an important piece of infrastructure that the space needs. This is where the Cosmos SDK, the Cosmos Inter-Blockchain Communication (IBC) protocol and Tendermint come together.
Every project that uses the Cosmos SDK can gain interoperability in the Cosmos network by utilizing the IBC and connecting to a hub. The Cosmos Hub will be the leading hub at the onset, but there may be many hubs over time that connect different zones. If you are building a Bitcoin peg zone like Nomic, you can use IBC to connect to the Cosmos Hub and make BTC interoperable with any token also connected to the Cosmos Hub. You could imagine interfaces on top of a widely connected hub to make the decentralized exchange of any IBC-enabled token (not just ERC-20) possible. This new construct removes power from centralized exchanges and empower cryptocurrency users to freely move in and out of different communities.
Full review2019-03-10
Gnosis has been quiet on the prediction market front but should not be forgotten. They’ve been building pieces (DutchX, Safe, dxDAO) that could all come together to enable prediction markets in coming months.
Full review2019-05-25
For crypto exchanges, USDC is a good initiative because there’s clear demand for the product now and it can generate a new revenue stream (there’s interest to be earned on USD in banks as USDC adoption grows).
USDC is inherently disadvantaged in the long-term though because it requires trust in a limited number of centralized parties to use it and lacks social scalability. Bankcoin is a better term for it in my opinion.
Full review2019-01-01
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