The Future of Bitcoin with Nic Carter

 
 

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“Satoshi had to do so much to win our trust. Everything open source. Everything with fair warning; full disclosure. Create the most auditable monetary system ever, and then leave the project. What other digital asset or cryptocurrency has done even 1/10th of the things Satoshi did to convince us that this was a legitimate and fair thing. I mean I haven’t seen anything even remotely approximating that.”
— Nic Carter

SHOW DESCRIPTION

Location: Miami
Date: Tuesday 30th November
Company: Castle Island Ventures
Role: Partner

What to some may have seemed wild conjecture last year, has now become real. A major public company and a nation state are now operating under a Bitcoin Standard. But, as the digital asset matures, so do the discussions and consideration of Bitcoin in terms of its role within society. 

With growing regulatory scrutiny in the US, what are the specific regulatory risks for Bitcoin? How should we acknowledge US political support and opposition? What is Bitcoin’s role as competition to the state’s monopoly on money? How does it facilitate alternatives to sovereign currencies, and how will currency failures in a world with Bitcoin manifest themselves? 

All these questions feed into the fundamental debate now manifesting itself within the Bitcoin community: will hyperbitcoinisation occur? Does it need to occur? Can Bitcoin successfully thrive as a societal good in tandem with Fiat currencies and central banks?

In this interview, I talk to Nic Carter, Partner at Castle Island Ventures and co-founder and Chairman of Coin Metrics. We discuss Bitcoin’s maturing role within the evolving US and global economy, and its role in relationship to stable coins, gold, and the US dollar. 

TIMESTAMPS

00:03:41: Introductions
00:05:26: 2021 in summary
00:07:20: The regulatory perspective
00:11:12: Bitcoin in US politics
00:18:51: Free banking and stablecoins
00:28:07: Failing sovereign currencies and global dollarisation
00:40:21: Alternative blockchain technology
00:48:26: Web 3.0
00:54:03: Bitcoin vs gold
01:03:52: Are governments buying Bitcoin?
01:06:30: El Salvador and President Bukele
01:14:32: Hyperbitcoinisation
01:19:54: Adopting a Bitcoin standard
01:26:40: Final comments

 

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SHOW NOTES

Connect with Nic:

Mentioned in the interview:

Other Relevant WBD Podcasts:

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