a photo of crypto expert reviewer Nic Carter

Nic Carter

Nic Carter is a partner at Castle Island Ventures, a venture firm focused on public blockchains. He also created Coin Metrics, a site that provides key metrics for crypto assets.

Reviews by Nic Carter

🔑 3 positive | 💩 10 negative

🔑

I appreciate the point, but there are about 100x more transactions per day on ETH than there are on XMR. hard to square that. monero is one of the few projects with a genuine community though

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-04-30 | Full Review

🔑

Numerai is probably the _only_ example of tokens in a tokenized network being used as a bootstrap mechanism. It's amazing what you can do when you optimize for growth and not short-term enrichment.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-03-20 | Full Review

💩

Maker and Dai. Dai users return capital to MKR owners through the burn mechanism. At this point, the value of MKR (the derivative) is about 18x the value of Dai (the underlying). Channelling my best Matt Levine here: "This seems... wrong."

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-05-11 | Full Review

💩

it's been 2.5 years since Augur's crowdsale and they haven't shipped yet. their (latest) deadline for public release was Q1 2018. that's about to end.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-03-28 | Full Review

💩

Something is deeply wrong with NEM, but I haven't quite figured out what it is yet.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2017-09-27 | Full Review

💩

I think ZRX is great but it’s telling that its main use is as a “governance token”, something which has yet to be codified...Greatest intellectual challenge for token buyers - decoupling network usefulness from token value. ZRX another casualty

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-01-15 | Full Review

💩

So Verge, Bitcoin Gold, and Monacoin (unverified) have all been attacked in the last day or so. This is the inevitable destiny of every smaller PoW chain. Verge and BTG were both sold as a “better bitcoin”. This is the fate of every better bitcoin.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-05-22 | Full Review

💩

Nano promises you something for nothing while conceding no tradeoffs. Highly suspicious of it. Would love to see the outcome of the bitgrail situation too - I suspect it was a nano failure, too

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-02-28 | Full Review

Basic Attention Token ($BAT) is probably the only token with a plausible market and platform right now. Brave is doing fantastic work

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2017-07-04 | Full Review

💩

At current rates and prices, Dash masternode owners siphon $238m from the network per year. Just a reminder.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-02-23 | Full Review

💩

Iota is more appropriately described as a “crowdsourced hate machine” these days

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-07-24 | Full Review

💩

steem has already collapsed into a hopeless mess of politics, campaigning, and bribery. the proof of work is simply obscured, not absent. raw hashes are a lot more elegant.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-03-09 | Full Review

💩

To the folks at Stellar that are struggling with the very hard problem of fairly issuing a new currency; I am delighted to inform you that a certain S. Nakamoto solved the problem many years ago with a mechanism called "Proof of Work"

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-11-06 | Full Review