ntomaino | 8 years ago | on: Cryptoeconomics 101
Yes. Financial incentives are the lowest common denominator that we have as people. Cryptocurrencies align people with this lowest common denominator.
ntomaino's comments
ntomaino | 9 years ago | on: Stablecoins: A Holy Grail in Digital Currency
There is not one trusted oracle. The oracles are determined by the MKR holders, and MKR holders can easily replace oracles if they act badly. MKR ownership is decentralized, hence I don't think it's accurate to say there's one trusted oracle.
ntomaino | 9 years ago | on: Stablecoins: A Holy Grail in Digital Currency
There is not a trusted oracle
ntomaino | 9 years ago | on: Stablecoins: A Holy Grail in Digital Currency
I agree with you on volatility playing an important role in bootstrapping the network in the early days of digital currencies like Bitcoin and Ethereum.
I think stablecoins will play out differently though and are an important component of attracting new users. I believe decentralized applications will be built that bring mainstream users in, and these users will want a stable store of value to use these applications.
ntomaino | 9 years ago | on: Understanding Blockstream, the most important and misunderstood company in Bitcoin
Every successful open-source project needs a company committed to fostering the open-source community and helping it grow.
Blockstream is that company in Bitcoin.
ntomaino | 10 years ago | on: Coinbase Developer Spotlight: Julia, a Telegram Bot for Bitcoin
We were aware. We actually didn't build the app though, this app was built by a third-party using our API :)
ntomaino | 10 years ago | on: Bitcoin Trends in the First Half of 2015
Bitcoin couldn't have prevented the OPM attack, but these types of attacks will continue to highlight the flawed way that institutions store data online.
I suggest reading this post: http://blog.onename.com/americans-hacked-opm/
TLDR; The blockchain offers a more secure database that allows institutions to stop storing massive amounts of user data on centralized servers.
ntomaino | 11 years ago | on: State of the NYDFS BitLicense: An Update
The NYDFS could be pretty stifling to financial services innovation in the state of New York.
ntomaino | 11 years ago | on: A Rare Look Inside Coinbase, One of Bitcoin's Fastest Growing Companies
To each his own. In my mind, spending another 60K to "figure out what I want to do" was the riskier decision than joining a company I believe in. IMO "forging strong personal relationships that could last for decades" does not require you to go to an Ivy League school. Really just requires an internet conection these days.
ntomaino | 11 years ago | on: Introducing the Coinbase Tip Button
nice!
ntomaino | 11 years ago | on: Introducing the Coinbase Tip Button
good stuff joe! looking forward to seeing the tip button on your site :)
ntomaino | 11 years ago | on: Introducing the Coinbase Tip Button
Thanks for the feedback! Yes an API is definitely on the roadmap.
The difference with bitcoin enabled micropayments and every other attempt at micropayments in the history of the internet is that Bitcoin is an open, interoperable network. Flattr, Beenz, Flooz, TipJoy, and others that have come before have been closed loop networks where there was significant friction and fees associated with getting onto and off of the network. When on the network, these has also only been one behavior possible-- tipping.
Bitcoin is an open, interoperable network where any amount of money can be sent frictionlessly anywhere on the internet. Perfect for micropayments, we think!
ntomaino | 13 years ago | on: It Is Not OK to Hate Me
Hating VCs is the cool thing to do these days. Its always valuable to see the other perspective.
ntomaino | 13 years ago | on: Ask HN: Differene between Tumblr and Wordpress?
Wordpress allows embedded audio (from Soundcloud, Spotify, etc) in a text post, while Tumblr does not.
ntomaino | 13 years ago | on: Litecoin - Bitcoin
Fellow Litecoiners:
I'm launching a campaign for Litecoin tees at Teespring. The goal is set on 50 shirts. If we reach that goal, the shirt will be printed and will be sent to you. If the goal isn't reached, you don't have to pay anything.
ntomaino | 13 years ago | on: Salary at Venture-Backed Companies
Nope. Not sure how one might prove something like that. I'm citing it based on experience. Again, not saying that this is always the case, just that it is a counter intuitive phenomenon to be aware of.
ntomaino | 13 years ago | on: Salary at Venture-Backed Companies
check the bottom, italicized portion of the piece. notes that the piece only focuses on one portion of compensation.
ntomaino | 13 years ago | on: Salary at Venture-Backed Companies
Paying management less than they deserve would not encourage them to stay hungry. But paying them more than they deserve based on market dynamics could possibly cause them to lose motivation. This is definitely not a rule that occurs 100% of the time, but my point is its something to be aware of, and salaries need to be more transparent so better-educated salary decisions can be made (for all participants of the tech ecosystem).
ntomaino | 13 years ago | on: Salary at Venture-Backed Companies
Very interesting russell. let me know if you can dig up the write up on that!
ntomaino | 13 years ago | on: Salary at Venture-Backed Companies
great feedback, thanks. admittedly, my data alone does not do much. Just wanted to spark some discussion on the topic, and I thought I should eat my own dog food.
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