Nic Carter on Bitcoin

a photo of crypto expert reviewer Nic Carter

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

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Created by the pseudonymous Satoshi Nakamoto in 2009, Bitcoin is a peer-to-peer electronic cash system.

Finance and payments

Bitcoin reviews by Nic Carter

πŸ”‘ 2 positive | πŸ’© 0 negative

2018

  • πŸ”‘

    The beauty is that Bitcoin isn't a reliable store of value yet, but it will be if it gets adopted. Adoption = more liquidity & lower volatility. So late adoption and SoVness are one and the same. By definition no one can be left out.

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

    2018-12-02 | Full Review

  • πŸ”‘

    Satoshi gave examples of what Bitcoin could be used for, but s/he didn't set out to build a "better payments network." S/he set out to solve a very specific problem – digital cash without a central mint or authority – and solved it elegantly.

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

    2018-11-12 | Full Review

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πŸ”‘

Monero is one of the few projects with a genuine community.

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

2018-04-30 | Full Review

πŸ”‘

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

πŸ’©

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

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πŸ”‘

I don't have a view on what the ultimate value of a Bitcoin will be nor do I care. I am interested in Bitcoin plain and simply because I believe it can be and possibly will be the financial and transactional protocol for the global Internet.

2013-11-24 | Full Review

πŸ”‘

If something is to displace Bitcoin now, it will have to have sizable improvements and it will have to happen quickly. Otherwise, this network effect will carry Bitcoin to dominance.

2014-01-21 | Full Review

πŸ”‘

Bitcoin takes powers from the central actors and returns it to merchants and consumers, savers and borrowers. Bitcoin brings back some pseudonymity in the transactions, and can be irrevocably traded like cash. And finally, it points a way towards a single currency – it is a bug, not a feature, that we have multiple global currencies with exchangers and transaction fees in between.

2013-11-07 | Full Review

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