Leaving the Bitcoin Religion with Nic Carter
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 5 July 2022
⏱️ 72 minutes
🧾️ Download transcript
Summary
Nic Carter is Partner of Castle Island VC, host of the On the Brink Podcast, repeat Bankless guest, and recent victim of a Bitcoin maximalist (cyber hornets) attack.
Why was he swarmed? As a result and for many other reasons, he's distancing himself from these cyber hornets. Will others follow his lead?
Many assumed Nic was a Bitcoin maximalist, but really he's just Nic Carter. Who are you and what do you stand for?
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Topics Covered:
0:00 Intro
7:50 The Cyberhornets Attack
14:45 Bitcoin Maxi Motivation
30:30 Bitcoin’s Intolerant Community
42:19 Bitcoin’s Long-term Sustainability
46:50 How Nic’s Feeling About the Bear
49:30 Macro & Crypto
58:55 Free Banking
1:05:53 Regulation
1:06:57 Why to Stay in Crypto
1:10:12 Closing & Disclaimers
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Resources:
Nic Carter
https://twitter.com/nic__carter
Setting the record straight by Nic Carter
https://medium.com/@nic__carter/setting-the-record-straight-b4e1b415e7d9
Nic’s Podcast
https://onthebrink-podcast.com/
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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Transcript
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| 0:00.0 | I think Bitcoin maximalism is a genuinely like toxic cancerous thing that harms Bitcoin. |
| 0:06.1 | And to the extent I can harm that, I'm very happy to do my part. |
| 0:11.3 | Hey bankless nation, this is a pre-recorded state of the nation episode super excited to talk |
| 0:17.6 | to Nick Carter. |
| 0:18.6 | In fact, David, we've already done that. |
| 0:20.7 | Nick, I think people have thought of him as a Bitcoin maximalist in the past. |
| 0:26.6 | And he recently got lit up by the Bitcoin maximalist. |
| 0:30.6 | And is officially, I'm going to call it leaving the Bitcoin maximalist religion. |
| 0:35.2 | Maybe he was never really a part in the first place, but people thought he was. |
| 0:39.0 | And the first part of this episode, we go over that story, then we touch on some macro |
| 0:42.9 | themes. |
| 0:43.9 | We talk a little bit about the bear market. |
| 0:45.0 | We talk about BlockFi and Celsius and the concept of free banking that Nick has been |
| 0:51.2 | in favor of in the past. |
| 0:52.8 | A lot of great insights from Nick in this episode, what were some of your thoughts? |
| 0:56.5 | You'll see the intelligence that Nick brings to the table in the second half of the show. |
| 1:01.2 | And I think he always frames this thing in Austrian economics, free banking, like you said. |
| 1:08.3 | And also the role of gold throughout the world. |
| 1:10.5 | And then he also has this intrinsic interest in Bitcoin. |
| 1:13.6 | And so people have associated Nick Carter as being like, okay, when he talks about global |
| 1:17.9 | macro politics, when he talks about Austrian economics, it's coming from the place of |
| 1:21.6 | Bitcoiner. |
... |
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