Nic Carter on Stellar

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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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Stellar is a cryptocurrency founded in early 2014 by Jed McCaleb and Joyce Kim. Stellar is a fork of XRP that is focused on connecting banks, payment systems, and people.

Finance and payments Decentralized exchange

Stellar reviews by Nic Carter

πŸ”‘ 0 positive | πŸ’© 2 negative

2019

  • πŸ’©

    [Stellar is] like a more pointless Ripple, which is a seriously impressive threshold of futility.

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

    2019-09-10 | Full Review

2018

  • πŸ’©

    To the folks at Stellar who 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

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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’©

Stellar didn't understand most of the Ripple tech they took. Their ledger forked when they violated the constraints of the consensus protocol.

2018-02-11 | Full Review

πŸ”‘

[Stellar's] perspective is serving smart assets and decentralized exchanges. They've spent more time on the layers of the settlement, leading to a fast and diverse set of financial applications that can be built on top of XLM.

2018-01-06 | Full Review

πŸ”‘

The biggest competitors for LTC and BCH? Stellar and RaiBlocks. These coins were architected for payments that provide low / zero fees, high throughput, and fast confirmation. They provide these solutions today, and there are no hidden tricks like subsidizing transactions.

2018-01-01 | Full Review

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