Memes are Dead, Long Live the Memes | Nick Tomaino
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The narrative was this is open for anyone. Anyone can, you know, make money, fuck the VCs, you know, whatever. But it turns out that was all a lie. There maybe weren't VCs taking advantage of people, but there were these middlemen that were taking advantage of people. Right? And so I'm just very skeptical whenever I see the herd going, in one direction. Thinking about, like, human dynamics, more and less about, like, tech is, I would say, underrated if you're, like, if you're investing or
trying to make money in crypto. Alright, everyone. Welcome back to Empire. We've got, Nick Tomino joining the show again. Nick was, I think, on the show last year. He started one confirmation. Nick, Nick, I also remember you were running one of the good events, token confirmation, I believe. Summit.
Yeah.
Token summit, I remember back in the day. Yeah. That
was early twenty seventeen. Yeah.
Good event. I remember. But, yeah, anyway, started one confirmation, one of the best, funds in the industry and, is perpetually impresses me by how often he is able to stay grounded and take the other side of things, and not get swept up in the meet in the mania of things. And, I think it's been on the other side, I think we'll talk a lot about, like, just being on the other side of, being very not getting caught up in a lot of the meme stuff that's been happening recently. So, anyways, Nick, welcome to the show. Thanks
for having me, man. Good to see you.
Why don't we just start there? So, we're recording this February 19 on Wednesday. And over the past weekend, you just saw all this, like, Malay, and Libra and meme coin stuff, and it really feels like to me this is the tipping point for the industry realizing that, okay, maybe some of these me like, this meme stuff maybe is not as healthy as we originally thought it was. I'd love to just get your 10,000 foot view on what's happening with, like, memes and Solana and just the whole debacle that is, unfolding before our eyes. Yeah.
Well, I mean, I I would say the, the open ethos of, like, crypto is, both a gift and a curse. And it's like it's a gift. It's the reason that crypto is what it is today. It's because, like, Bitcoin was open source, and anyone could understand it. Anyone could copy it and spread it. Anyone could participate. Like, the open ethos is great. But the open ethos also, I would say, enables, you know, grifters, scammers, shillers, whatever, however you wanna describe that. And we've seen time and time again how that can go wrong, in in in ways that really hurt retail. And that's really what I care abo
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