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Description

Today we hear from Nomics CEO Clay Collins. It’s an excerpt from a 2018 interview recorded with Vortex of Crypto Cast Network. Clay lists some of the challenges to getting good crypto market data – namely decentralization, inaccessibility, and inconsistency – and explains how Nomics deals with each. For the full conversation, check out Flippening episode 27.

Links Relevant To This Episode

• Nomics.com
• Nomics on Twitter
• Clay Collins
• Flippening.com
• Nexo
• Nomics API
• Nomics’ Fully Customizable Daily Crypto Newsletter
• Vortex
• Crypto Cast Network
• Bitcoin (BTC)
• Ethereum (ETH)
• Bitfinex
• Basic Attention Token (BAT)
• Batcoin
• Tether (USDT)
• TrueUSD (TUSD)

Transcript

Clay: Welcome to Daily Wisdom from the Flippening Podcast. These episodes feature short, to the point clips from our full-length interviews. We talk to the men and women behind the trades, crypto exchanges, and regulations with the goal of helping you become a better, more informed investor. 

Michael: Hi I’m Michael Kaplan, editor of the Flippening Podcast. Today we hear from Nomics CEO Clay Collins. It’s an excerpt from a 2018 interview recorded with Vortex of the Crypto Cast Network. Clay discusses how Nomics addresses challenges to [00:00:30 ] getting good crypto market data–namely decentralization, inaccessibility, and inconsistency. For the full conversation, check out Flippening episode 27.

Without further ado, Nomics CEO Clay Collins with Vortex of the Crypto Cast Network. Enjoy.

Vortex: So then let me ask you, Clay, maybe you could just go into a little bit more detail with, for me and the audience, about these issues that you say that most of these exchange data APIs have. There’s not a whole lot of them out there. I mean, there are only a few, so it does kind of make sense to go into that particular market, [00:01:00 ] there are only a few. I’ve personally found that they’re not super great. I know you guys are traders and into bots and things like that, and we’ll get a little bit more into that, so you really want the robustness, but maybe you could go into some actual detail or maybe even some experiences of some of these other data APIs that were so bad that you wanted to actually start your own.

Clay: Absolutely. I think a good place to start with this is just Nomics.com. There are some things, I think, [00:01:30 ] that I don’t know that most people will see just right off the bat, but are pretty apparent. If you go to Nomics.com, one thing that I think pops out to folks who are pretty deep in this space is the fact that you can denominate the entire dashboard or any of the pages on our website in any fiat or, quote, “currency.” It’s not just about Bitcoin, Ethereum, USD, Korean won. You can denominate any of our pages in any of the currencies. You can constantly shift back and forth between where’s the [00:02:00 ] center of the universe. That’s a pretty big deal. 

Another big deal is that on our homepage, on our dashboard, you can view that page in a variety of different time intervals. Again, I think that’s something new. I think the core problems fall into three different categories. The first category is data consistency, the second category is data accessibility, and the third problem that we solve is data decentralization. Maybe data decentralization is a great place to start. 

[00:02:30 ] When we first started operating in this space–this was about 10 months ago–we found that if we integrated with 11 exchanges, we could