Nick Tomaino on Why He Is Skeptical Libra Will Be Significant - Ep.92

Nick Tomaino, general partner of 1confirmation, discusses his firm's second fund of $45 million, announced this week, how prospective LPs have changed from 2017 to 2019, and what types of projects 1confirmation is interested in. He also reveals why he doesn't believe Libra will be meaningful in the long-term, what he thinks the top DeFi trends are, what impact Ethereum's scaling issues could have, and what other protocols the fund has invested in. Plus, he explains how the firm decides whether to invest in companies or tokens when there is a choice. Thank you to our sponsors! eToro: https://www.etoro.com CipherTrace: http://ciphertrace.com/unconfirmed Episode links: 1confirmation: https://www.1confirmation.com Nick Tomaino: https://twitter.com/NTmoney https://thecontrol.co/1confirmation-fund-ii-f42192a9646b https://fortune.com/2019/09/25/1confirmation-crypto-investing/ https://www.coindesk.com/crypto-venture-firm-1confirmation-announces-new-45-million-fund https://thecontrol.co/thoughts-on-facebook-coin-c5804e97e7e1 Unchained interview with Compound: https://unchainedpodcast.com/how-youll-earn-interest-on-your-crypto-with-compound-ep-82/ Unchained interview with dYdX: https://unchainedpodcast.com/how-dydx-allows-you-to-take-a-short-position-in-one-token-ep-86/ Unconfirmed interview with Uniswap: https://unchainedpodcast.com/how-uniswap-quickly-became-one-of-the-most-popular-dexes/ Systemic risk in DeFi due to Ethereum scaling issues: https://twitter.com/evabeylin/status/1176861299076059136?s=20