BREAKDOWN: ‘If You’re Not Radicalized, You’re Not Paying Attention’ Feat. Nic Carter
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 31 March 2020
⏱️ 44 minutes
🧾️ Download transcript
Summary
In this wide-ranging discussion, Castle Island Ventures founding partner and Coin Metrics co-founder Nic Carter joins @NLW to discuss:
- Why corporations weren’t adequately prepared for any serious economic trouble, much less a global pandemic
- Why government backstopping the corporations leads to inappropriate risk-taking
- How stock buybacks became a boogeyman of the current crisis
- Why the crisis is actually four crises in one: health, economic, financial, and geopolitical
- How Covid-19 could accelerate the US’ withdrawal from the world and China stepping into the void
- Why the response to the handling of Covid-19 could lead some to authoritarianism
- How stablecoins are allowing global market exposure to the world’s most in-demand currency: the USD
- Why stablecoins and central bank digital currencies look the same but are functionally opposite
- Why a ‘naive safe haven’ narrative was never correct for bitcoin
- Why bitcoin was designed for exactly this type of moment.
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Transcript
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| 1:03.7 | Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 1:07.1 | The Breakdown is distributed by CoinDesk. |
| 1:15.8 | Welcome back to The Breakdown. It is Tuesday, March 31st, and today my conversation is with Nick Carter. Nick is the founding partner of Castle Island Ventures. He's the co-founder of |
| 1:22.6 | Coin Metrics. He's known for his incisive and eloquent essays on medium and generally for being just a really |
| 1:30.8 | broad thinker in the space. So originally I wanted to have Nick on to talk about the difficulty |
| 1:37.3 | adjustment that happened last week and some of the Bitcoin mining properties coming up in |
| 1:41.6 | Bitcoin mining narratives that I'm seeing emerge. But instead, |
| 1:44.6 | where we ended up taking the conversation was a much broader look at the way that this set of |
| 1:49.8 | crises, a health crisis, an economic crisis, a financial crisis, and a potential geopolitical |
| 1:56.2 | crisis are cascading into one another. We talk a lot about crypto-dollarization and how stable coins are |
| 2:03.0 | allowing people to opt out of their local monetary regimes and into what is currently the most |
| 2:09.0 | in-demand currency in the world, which is the U.S. dollar. We talk about Bitcoin and where its |
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