BROADCASTS.com

Tom Kineshanko. He\u2019s been investing in cryptocurrencies, also called digital assets or tokens, since 2013. He founded and exited the first bitcoin and ethereum fund in Canada, invested in the ethereum cloud sale and has made 10x the returns in bitcoin after ethereum classic, golem and several other tokens. He\u2019s also the founder and general partner at First Block Capital, a digital asset fund manager where Tom leads investments in new token issuance. He\u2019s also the founder and CEO of Walter.ai\u2014a company that is building a distributed Bloomberg terminal\u2014which intends to make the best supplier of market data to the cryptocurrencies market.

Famous Five:
Favorite crypto-related book? \u2013 Introducing Ethereum and Solidity
What CEO do you follow? \u2013 Brian Armstrong and Olaf Carlson
Favorite online tool? \u2014 Cryptocurrencies exchanges
How many hours of sleep do you get? \u2014 8 plus
If you could let your 20-year old self, know one thing, what would it be? \u2013 \u201cI wish I understood which industries were sort of young-man game versus old-man game\u201d

Time Stamped Show Notes:
01:05 \u2013 Nathan introduces Tom to the show
02:31 \u2013 There\u2019s a market of new old coin tokens and there\u2019s little information about it
03:12 \u2013 \u201cThis is liquid venture capital\u201d
03:15 \u2013 The tokens represent an exposure to startup projects
03:25 \u2013 As people know, investing in startups is about qualitative information rather than quantitative
03:45 \u2013 Tom decided to apply the distributing models in building companies
04:50 \u2013 Tom shares the common way to build companies
05:10 \u2013 Blockchain ecosystem has a technology that is a combination of 4 different technologies
05:15 \u2013 The technology allows secure transfer of value on the internet even without a third-party approval
05:28 \u2013 Blockchain is a secure transfer layer that overlays on your internet
06:06 \u2013 You can track the activity on the blockchain because it\u2019s an open source
06:16 \u2013 The tricky part is to identify who\u2019s doing what
06:46 \u2013 Every time there\u2019s a transaction on bitcoin blockchain, you\u2019re leaving clues to who you are and what you\u2019re up to
07:43 \u2013 The best use case of bitcoin blockchain is a stored value
08:22 \u2013 The issue with bitcoin blockchain is that it\u2019s not yet as trusted as gold
08:27 \u2013 Tom believes though that bitcoin blockchain will be as trustworthy as gold
08:38 \u2013 As an investor, you want to be diversified across multiple blockchains
08:56 \u2013 Every one of these tokens is the unit of currency within a blockchain
09:32 \u2013 Bitcoin is a unit in a chain with 21M units
09:38 \u2013 Tom uses the analogy of a train with several carts to explain bitcoin and blockchain
10:08 \u2013 Ethereum is a place you can go to build blockchains and host them
10:45 \u2013 If bitcoin becomes as trusted as gold, it can be worth billions of dollar
10:55 \u2013 \u201cYou can never prove that any blockchain is secure because there\u2019s always a bug they might find in the future\u201d
11:03 \u2013 The longer you wait to find the bug, the more trusted it becomes
12:07 \u2013 Tom believes that the way blockchain is built is the way companies will be built in the future
12:15 \u2013 For investors interested in technology, go to Coinbase.com which is a mutual friend of Tom\u2019s
13:01 \u2013 Coinbase has different types of cryptocurrencies or tokens
13:05 \u2013 Tom recommends buying bitcoins on Coinbase
13:09 \u2013 Then open up a Poloniex.com account where you can buy whatever you want using bitcoins
13:54 \u2013 The people who took advantage of the gold rush didn\u2019t look for gold, but created something that can be of use for gold
14:50 \u2013 In the crypto world, you can design a microeconomy with incentives
14:55 \u2013 The people will join your microeconomy and work for you to get the incentives
15:08 \u2013 The incentives are the bitcoins
15:51 \u2013 Walter is creating an army of people who contribute data in exchange for a reward
15:55 \u2013 The people are getting paid with tokens
16:29 \u2013 Crypto businesses are difficult
16:52 \u2013 The easiest way to get good returns in the space is to buy tokens which are units of currency in micro-economies
17:14 \u2013 Tom uses the analogy of buying Facebook IPO
19:20 \u2013 There are games where you can earn cryptocurrencies and online casinos for cryptocurrencies
19:53 \u2013 When you buy cryptocurrencies, you are already in a crypto economy where you need to do your due diligence
20:33 \u2013 Ethereum is one of the currencies that you need to run apps
21:21 \u2013 A token is like a packet (in relation to IP protocols)
21:54 \u2013 Blockchain is the protocol layer upon which tokens are transferred around
23:33 \u2013 Tokens are also called cryptocurrencies
23:15 \u2013 A miner is someone who runs an algorithm on his own piece of hardware that checks for activity within a blockchain
24:48 \u2013 The ways that you can contribute data varies
25:51 \u2013 It\u2019s the first time in history that you can have liquid venture capital in the industry
25:58 \u2013 There\u2019s an extreme demand, but with a limited supply
26:44 \u2013 Tom believes that now is a good time to participate in cryptocurrencies
27:31 \u2013 Tom shares to Nathan the questions that Nathan can ask a guest who is into investing in cryptocurrencies:
27:40 \u2013 What are tokens? How do you make a venture capital investment?
28:06 \u2013 Do you have a personal relationship with MetaStable and Polychain?
29:35 \u2013 What is the history of cryptocurrencies?
30:12 \u2013 Another question can be their strategy of trading
31:00 \u2013 Why people should use Walter:
31:05 \u2013 All of us in the space need to support a good project and invest in the right projects so we can all have a good return
31:21 \u2013 Walter is building a global community of contributors who are researching the space and gathering information in exchange for incentives
31:42 \u2013 \u201cGet involved and join the conversation\u201d
33:18 \u2013 The Famous Five

3 Key Points:
Bitcoin may not be as trusted as gold, but it will be in the future.
Building a crypto business isn\u2019t easy, but the demand is here.
Study and research an industry before jumping in, and know the RIGHT questions to ask.

Resources Mentioned:
The Top Inbox \u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more
Klipfolio \u2013 Track your business performance across all departments for FREE
Hotjar \u2013 Nathan uses Hotjar to track what you\u2019re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience
Acuity Scheduling \u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
Host Gator\xa0\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible
Audible\xa0\u2013 Nathan uses Audible when he\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books
Show Notes provided by Mallard Creatives