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Tushar Jain

Tushar Jain is managing partner at Multicoin Capital, an investment fund focused on cryptocurrency. He formerly co-founded ePatientFinder.

Reviews by Tushar Jain

All coin and product reviews by expert Tushar Jain.

  • Tushar Jain on Augur Managing Partner at Multicoin Capital

    Augur is building one of the β€œprimitivesβ€œ of the new financial system. With Augur, you can construct any variety of financial instruments.

    Full review πŸ”‘


  • Tushar Jain on Tether Managing Partner at Multicoin Capital

    Tether is a systemic risk in that if it explodes, billions of dollars could effectively disappear and cause exchange insolvencies. An alternative to Tether hugely reduces that risk.

    Full review πŸ’©


  • Tushar Jain on Gemini Dollar Managing Partner at Multicoin Capital

    The Gemini dollar is the best argument against the BTC as a SoV thesis.

    Bitcoiners like to point to Venezuela and Turkey as nations primed for hyper-bitcoinization.

    The Gemini dollar enables easier hyper-dollarization, which, at least in the short term, is more attractive to many.

    Also the Gemini Dollar is great for Ethereum adoption vs Bitcoin adoption.

    Full review πŸ”‘


  • Tushar Jain on EOS Managing Partner at Multicoin Capital

    One of EOSβ€˜s greatest strengths is in having 21+ independent, accountable, and well-financed teams like @EOS_Canada & @eosnewyork to help provide user support, develop infrastructure, and market the platform.

    Full review πŸ”‘


  • Tushar Jain on Ethereum Classic Managing Partner at Multicoin Capital

    Ethereum Classic is the worst of both Bitcoin and Ethereum.

    Not as secure and immutable as Bitcoin, nor as aggressive as Ethereum in making the platform valuable for development.

    I can’t find a single interesting project building on ETC. Not one.

    Full review πŸ’©
    Show thread Tushar Jain on Ethereum Classic


  • Tushar Jain on Binance Coin Managing Partner at Multicoin Capital

    BNB’s value is driven by more than the cash being returned to investors by Binance. BNB has tremendous utility and is used as:

    - Staking token – Users who hold a significant amount of BNB get discounted fees on the exchange according to a set schedule
    - Discount token – users who pay their exchange fees with BNB get a discount
    - Payment token – trading fees on the Binance Chain can be paid with BNB

    Full review πŸ”‘


  • Tushar Jain on Dai Managing Partner at Multicoin Capital

    The only dimension in which DAI is better than USDC or GUSD is censorship resistance. Anonymity provides censorship resistance.

    There will be cheap collateralized loans available with fiat coins too, Maker is not unique there. Eg: one could borrow USDC against ETH using Dharma. Therefore anonymous fiat coins are a pareto improvement to MakerDAO and DAI. Literally better in every single way.

    Full review πŸ’©


  • Tushar Jain on XRP Managing Partner at Multicoin Capital

    Central Bank Digital Currencies (CBDCs) are closer to reality than the market realizes & will have profound effects.

    For example, the Bank of Thailand & Hong Kong Monetary Authority just completed a cross border remittance test and published the results.

    CBDCs will hugely weaken the monetary sovereignty of smaller nations whose citizens will more easily access alternative nations' currencies.

    As more people realize they don't have to use their own government's fiat money, this will also convert some % of them to Bitcoiners.

    I expect developers will create some type of cross chain type functionality which allows "wrapped CBDCs" on other chains.

    This increase in the amount of programmable digital currency will allow global competition for retail financial services aka Open Finance.

    Due to CBDCs I expect that the networks focused on payments and remittances such as XRP will be seen obsolete for their stated purpose.

    Full review πŸ’©


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