Nic Carter on Verge

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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.

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Verge is a cryptocurrency that is focused on anonymous, private transactions between users.

Privacy coin Finance and payments

Verge reviews by Nic Carter

πŸ”‘ 0 positive | πŸ’© 2 negative

2019

  • πŸ’©

    Verge is/was a privacy coin that relied not on enhancing actual privacy at the blockchain level but rather by bolting Tor onto Bitcoin. It was heavily shilled on Twitter and Reddit last year, but the Verge Family has gone quiet recently. Development and social media activity all but ceased when Verge was repeatedly 51% attacked earlier this year. The culprit was its unnecessarily complex five hash function Proof-of-Work algorithm, which led to it being much, much easier to exploit.

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

    2019-01-01 | Full Review

2018

  • πŸ’©

    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 β€œbetter 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

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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’©

Verge mining is being exploited again. Someone has 51% attacked and taken over the Verge network again. Pornhub transactions are being reversed! πŸ˜‚

2018-05-22 | Full Review

πŸ’©

Total train wreck on Verge involving a 51% attack and a botched fork.

2018-04-05 | Full Review

πŸ’©

I like Verge. Having difficulty acquiring it though.

John McAfee, Software developer, founder of McAfee, CEO of MGT Capital Investments Inc.

2017-09-17 | Full Review

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