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Nick Tomaino

Founder and General Partner, 1confirmation · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorfounderexecutive@NTmoney ↗LinkedIn ↗1confirmation.com ↗

Nick Tomaino is the founder and General Partner of 1confirmation, an early-stage crypto venture capital firm launched in 2017 managing over $1 billion in assets. Previously an early employee leading business development at Coinbase, he is widely recognized for backing foundational Web3 platforms including OpenSea, Polymarket, SuperRare, and dYdX.

14statements → 9claims → 6claims resolved → 83%fully supported → 3.57/5average certainty → 2.29/5average debate potential →

5 supported 1 partly supported 0 contradicted 3 not checkable as stated how the 9 claims stand · each chip opens the sources

3 predictions · 6 assertions · 2 opinions · 3 insights · every statement was checked. The predictions and assertions are the 9 claims: statements the public record can support or contradict. 6 are resolved, and 3 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Nick argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Tomaino: Blockchain forks created significantly more value in 2017 than ICOs
“You know, we hear so much about the ICO boom, but in terms of, kind of, like, total value created this year, there's actually been way more value created by forks than ICOs.”
Nick Tomaino Jan 2, 2019 ▶ 18:34 a16z Podcast | Mental Models for Understanding Crypto Tokens

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
100% certainty 3
90% certainty 4
none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: speaking style how? →

232 words/min while actually speaking · 7.3 um and uh per 1k words

No argument clarity score for Nick Tomaino: no usable question→answer exchanges on raw tape (a fair score needs 8+). We do not score a sample that small. Roundtable and news formats yield far fewer direct exchanges than interviews.

Measured by listening to the audio itself: 3,538 words across 1 episode of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

Everything Nick Tomaino said on the a16z Podcast that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion
Tomaino: Centralized decision-making actually benefited early Ethereum development
“Something like Ethereum, which from a decision-making perspective is, is pretty centralized right now, that's actually been a good thing for Ethereum, and it's allowed them to move fast and break things, right?”
Nick Tomaino Jan 2, 2019 ▶ 32:53 a16z Podcast | Mental Models for Understanding Crypto Tokens
Assertion Supported
Tomaino: Blockchain forks created significantly more value in 2017 than ICOs
“You know, we hear so much about the ICO boom, but in terms of, kind of, like, total value created this year, there's actually been way more value created by forks than ICOs.”
Nick Tomaino Jan 2, 2019 ▶ 18:34 a16z Podcast | Mental Models for Understanding Crypto Tokens
Prediction Not checkable as stated
Tomaino: Well-funded ICO projects will take years to ship products
“A lot of these big projects that have raised a ton of money aren't likely going to ship anything for many years in some cases.”
Nick Tomaino Jan 2, 2019 ▶ 8:52 a16z Podcast | Mental Models for Understanding Crypto Tokens
Insight
Tomaino: Near-term crypto wins come from serving crypto-native users
“I'm most excited about projects that are solving problems for the existing crypto community rather than the broader landscape.”
Nick Tomaino Jan 2, 2019 ▶ 12:11 a16z Podcast | Mental Models for Understanding Crypto Tokens
Opinion
Tomaino: Miner control over blockchain networks creates governance friction
“I think mining, like, miners controlling a network has proven to be pretty problematic. And so I think kind of aligning stakeholders and miners and putting them, you know, as one will be important in terms of, you know, progress in making changes to protocols …”
Nick Tomaino Jan 2, 2019 ▶ 26:26 a16z Podcast | Mental Models for Understanding Crypto Tokens
Insight
Tomaino: Overemphasizing ICOs damages crypto project communities
“And I actually think if you focus too much on the ICO or the, you know, the token sale, it can actually really hurt your community.”
Nick Tomaino Jan 2, 2019 ▶ 32:24 a16z Podcast | Mental Models for Understanding Crypto Tokens
Assertion Supported
Tomaino: 24 of top 25 tokens on CoinMarketCap are usage tokens
“And so, if you look right now at kind of coinmarketcap.com, the top 25 tokens by market value, I think 24 of the 25 are usage tokens.”
Nick Tomaino Jan 2, 2019 ▶ 1:49 a16z Podcast | Mental Models for Understanding Crypto Tokens
Prediction Not checkable as stated
Tomaino: Future crypto tokens will combine usage and work utility
“And by the way, these aren't mutually exclusive, so you can have tokens that are both usage and work tokens, and I think many tokens in the future will likely be that.”
Nick Tomaino Jan 2, 2019 ▶ 4:34 a16z Podcast | Mental Models for Understanding Crypto Tokens
Prediction Not checkable as stated
Tomaino: Proof-of-stake will make decentralized organizations more inclusive
“So I think when we see proof of stake, we're going to start to see kind of more inclusive ways to create decentralized organizations that lots of people can participate in.”
Nick Tomaino Jan 2, 2019 ▶ 5:44 a16z Podcast | Mental Models for Understanding Crypto Tokens
Assertion Partly supported
Nick Tomaino: November 2017 saw $400 million in ICO token sales
“My sense was that the ICOs had slowed down quite a bit, but there were still four hundred million in token sales in November alone.”
Nick Tomaino Jan 2, 2019 ▶ 7:24 a16z Podcast | Mental Models for Understanding Crypto Tokens
Insight
Tomaino: Decentralized stablecoins are essential missing middleware in crypto
“The volatility of Bitcoin and Ether are such that they're moving five or 10% in a given day, and no one that's actually using it as a medium of exchange for something or placing bets would actually want to use that, right? So a decentralized stablecoin, in my …”
Nick Tomaino Jan 2, 2019 ▶ 13:10 a16z Podcast | Mental Models for Understanding Crypto Tokens
Assertion Supported
Tomaino: Hundreds of millions are spent externally securing Bitcoin
“So, you know, hundreds of millions of dollars are being spent external to the network of Bitcoin just to secure the network.”
Nick Tomaino Jan 2, 2019 ▶ 26:07 a16z Podcast | Mental Models for Understanding Crypto Tokens
Assertion Supported
Tomaino: Over $4 billion raised in token sales to date
“There's been over four billion dollars in token sales,”
Nick Tomaino Jan 2, 2019 ▶ 8:41 a16z Podcast | Mental Models for Understanding Crypto Tokens
Assertion Supported
Tomaino: Ethereum processes 15 TPS, Bitcoin processes 7 TPS
“Ethereum can process roughly 15, Bitcoin roughly seven”
Nick Tomaino Jan 2, 2019 ▶ 20:06 a16z Podcast | Mental Models for Understanding Crypto Tokens

Appearances (1)

EpisodeDateSpeaking time
a16z Podcast | Mental Models for Understanding Crypto Tokens Jan 2, 2019 18m
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