Tomaino: Crypto VCs would succeed by secretly buying just BTC and ETH
Nick Tomaino · Nick Tomaino: The Future of NFTs, What Will Happen with FTX & Who Should be Held to Account | E1076 · 20VC with Harry Stebbings · Oct 30, 2023 · at 33:52
Nick Tomaino, Founder of 1confirmation, discusses alternative strategies for large crypto fund managers struggling to deploy capital effectively during a market downturn.
0:00 / 0:31exact quote · 31.6s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Like I think a strategy, you know, a dishonest, but probably successful strategy for one of these billion dollar fund managers would be to, you know, pitch to LPs that you're investing in, you know, bleeding edge crypto that's gonna, gonna push the space forward. And then decide to just deploy it all into Bitcoin and ETH. And if someone does that I think they'll probably, you know, they'll still be dishonest, but they'll be successful and make a lot of money.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Nick Tomaino
Tomaino: Crypto VCs hype private tokens and dump them on retail
“A big part of the crypto VC game is doing these private token deals, and then you kind of build some prestige media narrative hype and then sell the token to retail, and then retail gets sucked in, and the VCs kind of dump tokens on retail. That's like a big G…”
Tomaino: Taylor Swift exemplifies soulless greed for money and attention
“To me, she's kind of the definition of someone that has this, like, soulless greed for attention and money, and is not authentic at all.”
Tomaino: Silicon Valley is driven by soulless greed, citing Sequoia Capital
“My sentiment in a lot of Silicon Valley is that it's very, there, there's a lot of soulless greed, and just this desire to create these kind of you know, massive funds create massive attention, and I think, again, Sequoia is the best example of this, and 1789,…”
Tomaino: Crypto tribes and economic alignment will reduce global violence
“So I actually think, like, crypto shilling, crypto tribes can reduce the amount of violence in the world in the long term and will.”
Tomaino: Donald Trump will run for president and win from a jail cell
“I think he'll be running and winning from a jail cell as well. The entertaining, the most entertaining outcome is is the most likely, right?”
Tomaino: NFTs will achieve greater mainstream adoption than cryptocurrencies
“Yeah, I mean, I think NFTs are gonna come back in a big way. I, I've said, and I think still you know, NFTs have a good chance to be you know, bigger than cryptocurrencies in terms of mainstream adoption. And the reason is because people, I think more people i…”