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Welcome back to The Aubservation! We are joined by Nic Carter of Castle Island Ventures.we discuss:-why he believes the SBR is not happening-memecoin mania is going to die-why he thinks a SWF is a bad idea-being a bitcoiner & moreThank you Cake Wallet for sponsoring this episode!
Hoy conversé con Manuel Godoy, cofundador y CEO de Félix Pago, una plataforma que permite enviar dinero a México, Guatemala y Honduras a través de WhatsApp. Tras 16 meses de lanzar, Felix Pago procesa más de $100M en remesas anuales, con un crecimiento mensual del 25% en ingresos. Hasta la fecha, han levantado $21 millones de inversionistas como Castle Island Ventures, MELI Capital y Switch Ventures.-Por favor ayúdame dejando una reseña en Spotify o Apple Podcasts: https://ratethispodcast.com/startupeable-Hoy Manuel y yo hablamos sobre:Cómo construir confianza con tus primeros usuariosLos pros y cons de crear un negocio sobre WhatsAppCómo integrar cripto en la infraestructura de tu negocioOportunidades en el mercado latino en EE. UUNotas del episodio: https://startupeable.com/felixpagoPara más contenido síguenos en:YouTube | Sitio Web -Distribuido por Genuina Media
Linda Jeng is the Founder and CEO of Digital Self Labs and she joins me in exploring the evolving landscape of stablecoins. Castle Island Ventures' latest stablecoin report, 'Stablecoins: the Emerging Market Story' is the focus of this episode. To kick things off, Linda shares her background in financial regulation, blockchain, and AI, and offers critical insights into how stablecoins are reshaping financial systems in emerging markets. Through a detailed analysis of the Castle Island Ventures report written with Brevan Howard Digital, the conversation reveals the growing use of stablecoins for cross-border payments, currency conversion, and as a stable store of value, reflecting their importance beyond crypto trading. We also touch on regulatory perspectives, why non-dollar stablecoin volumes are so meagre, and the potential impact of Central Bank Digital Currencies (CBDCs) on the stablecoin market. Linda Jeng, is a trailblazing leader in the digital economy through 'shaping a self-empowered future through blockchain and AI technologies'. Digital Self Labs is a regulatory and policy advisory firm combining blockchain expertise with policy and regulatory strategy. With over 15 years of government experience, she has held key roles at institutions like the U.S. Federal Reserve, US Treasury Department, the SEC and the Bank for International Settlements. Linda is also a Visiting Scholar at Georgetown Law, a Senior Lecturing Fellow at Duke Law School, and a Bank for International Settlements Research Fellow. Her deep expertise in financial systems and her advocacy for data transparency and decentralized technology make her a pivotal figure in shaping the future of finance. TIMESTAMPS: 02:57 Linda Jeng's Career Journey 05:36 Castle Island Ventures and 'Stablecoins: The Emerging Market Story' 09:59 Understanding Stablecoins in Emerging Markets 14:15 The Role of Stablecoins in Global Finance 19:38 Challenges and Opportunities for Stablecoins 20:59 The Future of Stablecoins and Digital Identity 46:23 Final Thoughts and Key Takeaways 48:50 Closing Remarks and Acknowledgements REFERENCE LINKS: Stablecoins: The Emerging Market Story (Castle Island Ventures & Brevan Howard Digital, 12-Sep-24) Nic Carter's recent talk at Token2049 where he discussed the report in detail (X, 27-Sep-24) The Finternet: The financial system for the future (Bank for International Settlements, 19-Apr-24) International Association of Deposit Insurers Overview of the Bancor Proposal from Bretton Woods (Wikipedia) Stablecoin companies now 16th largest holder of U.S. treasuries globally (CryptoSlate, 18-Oct-23) Follow our guest co-host, Linda Jeng on X(Twitter) and LinkedIn Learn more about: Digital Self Labs: https://www.digitalselflabs.com/ Techstars Web3 Accelerator: https://www.techstars.com/accelerators/web3 Leave a review and subscribe on: Apple Podcasts: https://podcasts.apple.com/us/podcast/id1455819294 Spotify: https://open.spotify.com/show/4F8uOLxiscYVWVGEfNxTnd MoneyNeverSleeps website: https://www.moneyneversleeps.ie/ Email us: info@norioventures.com Follow on X(Twitter): Pete Townsend: https://twitter.com/petetownsendnv MoneyNeverSleeps: https://twitter.com/MNSshow Follow on LinkedIn: Pete Townsend: https://www.linkedin.com/in/pete-townsend-1b18301a/ MoneyNeverSleeps: https://www.linkedin.com/company/28661903/admin/feed/posts/ MoneyNeverSleeps newsletter on Substack: https://moneyneversleeps.substack.com/
Linda Jeng is the Founder and CEO of Digital Self Labs, and she joins me in exploring the evolving landscape of stablecoins. Our discussion focuses on our key takeaways from Castle Island Ventures' latest stablecoin report, 'Stablecoins: the Emerging Market Story'. Linda shares her background in financial regulation, blockchain, and AI, and offers critical insights into how stablecoins are reshaping financial systems in emerging markets. Through a detailed analysis of the Castle Island Ventures report written with Brevan Howard Digital, the conversation reveals the growing use of stablecoins for cross-border payments, currency conversion, and as a stable store of value, reflecting their importance beyond crypto trading. We also touch on regulatory perspectives, why non-dollar stablecoin volumes are so meager, and the potential impact of Central Bank Digital Currencies (CBDCs) on the stablecoin market. Linda Jeng, is a trailblazing leader in the digital economy through ‘shaping a self-empowered future through blockchain and AI technologies'. Digital Self Labs is a regulatory and policy advisory firm combining blockchain expertise with policy and regulatory strategy. With over 15 years of government experience, she has held key roles at institutions like the U.S. Federal Reserve, US Treasury Department, the SEC and the Bank for International Settlements. Linda is also a Visiting Scholar at Georgetown Law, a Senior Lecturing Fellow at Duke Law School, and a Bank for International Settlements Research Fellow. Her deep expertise in financial systems and her advocacy for data transparency and decentralized technology make her a pivotal figure in shaping the future of finance. TIMESTAMPS: 02:57 Linda Jeng's Career Journey 05:36 Castle Island Ventures and ‘Stablecoins: The Emerging Market Story' 09:59 Understanding Stablecoins in Emerging Markets 14:15 The Role of Stablecoins in Global Finance 19:38 Challenges and Opportunities for Stablecoins 20:59 The Future of Stablecoins and Digital Identity 46:23 Final Thoughts and Key Takeaways 48:50 Closing Remarks and Acknowledgements REFERENCE LINKS: Stablecoins: The Emerging Market Story (Castle Island Ventures & Brevan Howard Digital, 12-Sep-24) The Finternet: The financial system for the future (Bank for International Settlements, 19-Apr-24) International Association of Deposit Insurers Overview of the Bancor Proposal from Bretton Woods (Wikipedia) Stablecoin companies now 16th largest holder of U.S. treasuries globally (CryptoSlate, 18-Oct-23) Follow our guest co-host, Linda Jeng: -X(Twitter): https://x.com/LindaJeng1 -LinkedIn: https://www.linkedin.com/in/linda-jeng-4682b3/ Learn more about: -Digital Self Labs: https://www.digitalselflabs.com/ -Techstars Web3 Accelerator: https://www.techstars.com/accelerators/web3 Leave a review and subscribe on -Apple Podcasts: https://podcasts.apple.com/us/podcast/id1455819294 -Spotify: https://open.spotify.com/show/4F8uOLxiscYVWVGEfNxTnd -Youtube: https://www.youtube.com/channel/UCvaaHrJjizUEd0-93mjCKsQ MoneyNeverSleeps newsletter on Substack: https://moneyneversleeps.substack.com/ MoneyNeverSleeps website: https://www.moneyneversleeps.ie/ Email us at info@norioventures.com Follow on X(Twitter): -Pete Townsend: https://twitter.com/petetownsendnv -MoneyNeverSleeps: https://twitter.com/MNSshow Follow on LinkedIn: -Pete Townsend: https://www.linkedin.com/in/pete-townsend-1b18301a/ -MoneyNeverSleeps: https://www.linkedin.com/company/28661903/admin/feed/posts/
In this episode, Alex Thorn from Galaxy Research, and Nic Carter from Castle Island Ventures joined us to discuss Operation Choke Point 2.0! We covered who's involved in Operation Choke Point 2.0, Bharat Ramamurti's influence on crypto policy in the United States, and how policy will vary between a Harris presidency and a Trump presidency. Additionally, we dove into the effectiveness of Operation Choke Point 2.0, and how we can advocate for our industry. Finally, we talked about the impact election odds have on crypto markets. Thanks for tuning in! -- Resources “Kamala Harris will continue crypto crackdown” Alex Thorn's Thread: https://x.com/intangiblecoins/status/1823338570104352884 Cooper & Kirk - Operation Choke Point 2.0: The Federal Bank Regulators Come For Crypto: https://www.cooperkirk.com/wp-content/uploads/2023/03/Operation-Choke-Point-2.0.pdf Stand With Crypto: https://www.standwithcrypto.org/ -- Sei Labs believes the EVM is here to stay. By providing the fastest time to finality of any chain, thousands of transactions per second and full backwards compatibility with the EVM, Ethereum developers can try out a brand new design space for their applications. Visit https://www.sei.io/ to find out more -- Join us at Permissionless III. Use code BELL10 for a 10% discount: https://blockworks.co/event/permissionless-iii -- Follow Nic: https://x.com/nic__carter Follow Alex: https://x.com/intangiblecoins Follow Mike: https://x.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH -- Timestamps: (0:00) Introduction (2:44) Operation Choke Point 2.0 (6:42) Who's Involved In Operation Choke Point 2.0? (15:59) Sei Ad (16:42) Bharat Ramamurti's Anti-Crypto Stance (28:29) Crypto Policy Under Harris vs Trump (36:26) How Can We Advocate for the Crypto Industry? (43:37) Operation Choke Point 2.0s Effectiveness (52:03) Election Odds and Their Impact on Crypto Markets -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
Nic Carter is the Co-Founder and General Partner at Castle Island Ventures. In this conversation, we talk about bitcoin, artificial intelligence, energy consumption, regulation, politics, Trump vs Biden stance on crypto, stablecoins, impact of ETH ETF, and future outlook on the industry. ======================= Introducing Espresso - the world's most interactive portable display. They have a portable screen that is incredibly light, comes with a nice stand, and the user interface is very easy. Anyone who listens to this podcast can go to us.espres.so/pomp. They have a brand new offer waiting for you. ======================= Meanwhile is the world's first licensed and regulated life insurance company built for the Bitcoin economy. Protect your loved ones with sound money built to manage life's uncertainty and a broken financial system. Their BTC-denominated Whole Life Insurance policies allow HODLers to pass more BTC on to their loved ones and a tax-advantaged way to access BTC for liquidity during their lifetime. Visit their website at https://meanwhile.bm/ to join the waitlist for a policy and to learn more. ======================= Pomp writes a daily letter to over 265,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ ======================= View 10k+ open startup jobs: https://dreamstartupjob.com/ Enroll in my Crypto Academy: https://www.thecryptoacademy.io/
This week's Espresso covers news from FarmaLoop, Litipay, LogShare, and more!Outline of this episode:[00:28 ] – FarmaLoop raises $900K[00:38] – Félix secures $15.5M Series A[00:59] – Belo introduces ACH dollar transfers into its digital wallets[01:16] – Shinkansen closes investment from Krealo[01:32] – Litipay raises $1.4M from SRM Ventures[01:44] – Moonflow raises $1.74M in a seed round[01:44] – Interview with Facundo Turconi[01:57] – A de Agro and Bart merge to launch Sette[02:14] – LogShare raises $2.4M seed round[02:27] – a55 raises investment from Paysecure[02:41] – Tul merges with Sooper[02:58] – Latamlist Roundup June 1st - June 15thResources & people mentioned:Startups: FarmaLoop, Félix, Belo, Shinkansen, Litipay, Moonflow, A de Agro, Bart Digital, Sette, LogShare, a55, Tul, SooperVCs: Amarena VC, Castle Island Ventures, TheVentureCity, Krealo, SRM Ventures, ONEVC, PaysecureInstitutions: Banco de Crédito del Perú
Matt Walsh, Founding Partner of Castle Island Ventures, a venture capital firm focused exclusively on public blockchains, joins the inSecurities podcast to talk about the regulatory landscape and market structure challenges for entrepreneurs who are building #blockchain infrastructure and application companies. Matt also tells Chris and Kurt about his podcast, On the Brink, which explores the political, ethical, and economic significance of #Bitcoin and other public blockchains.
Chris King is the founder and CEO of Eaglebrook Advisors. Eaglebrook is a crypto investment platform that provides RIAs with direct access to bitcoin and digital assets. The firm operates one of the largest SMA Platforms in the crypto market. Eaglebrook's investment platform offers access to tax optimized Bitcoin and Ethereum separately managed accounts (SMAs) and third-party investment manager strategies held at an institutional qualified custodian. Eaglebrook is an SEC registered investment advisor that works with over 70 RIAs and has over 700 financial advisors using Eaglebrook's Platform. The company is backed by leading wealth management executives and financial institutions including Castle Island Ventures, Brewer Lane Ventures and Franklin Templeton.Key Takeaways[03:20] - Chris' professional background and what drew him to digital assets specifically?[06:02] - What really drives Eaglebrook's investment philosophy?[08:08] - What is the strategic, long term reason to own crypto?[12:40] - What is the investment thesis for Ethereum in particular?[14:30] - Chris' shorter term, tactical outlook for Bitcoin.[19:54] - Why does Bitcoin halving take place and why is it so significant?[23:30] - Chris' thoughts on the Bitcoin market cycles.[26:20] - How large might the market opportunity be for Bitcoin ETFs?[30:02] - Why are a lot of advisors still choosing crypto SMAs over ETFs and what are the best use cases for each of these investment vehicles?[37:51] - What is the typical allocation to crypto and how has that changed in recent years, if at all?[39:08] - Are there any salient differences in what retail and institutional investors are doing with their Bitcoin allocations?[41:11] - Resource recommendations for those wanting to learn more about digital assets.[42:56] - Chris' counsel for those who think that crypto is too volatile to invest in.[45:42] - What is currently Chris' favorite investment idea?Quote[12:39] - “Moving on to the investment thesis for Ethereum – it is also an internet protocol, like Bitcoin, but it allows internet businesses to build applications on top of it. The analogy that I like to give is that Ethereum is like HTML. HTML is the internet protocol that companies like Amazon and Facebook built their businesses on top of." ~ Chris KingLinksChris King on LinkedInEaglebrook on LinkedInEaglebrook“No Rain” by Blind MelonConnect with UsMeet Rusty Vanneman, Orion's Chief Investment OfficerCheck Out All of Orion's PodcastsPower Your Growth with OrionDisclosure(s) ~ Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor. Wealth Management services are offered by Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. Brinker Capital Investments and Orion Portfolio Solutions, LLC are both wholly owned subsidiaries of Orion Advisor Solutions, Inc. (“Orion”).Compliance Code: 0548-OPS-3/5/2024
Itai Turbahn, the co-founder and CEO of Dynamic joins the show. In this episode we discuss: The mission of Dynamic and the how the company is enabling seamless web3 log in experiences. Breakout applications in the web3 category. An overview of Passkeys and the impact that this technology will have on both web2 and web3 log in experiences. Account abstraction and the innovation that is likely to emerge using this technology. Dynamic's new embedded wallet offering. Itai announces Dynamic's Series A round of financing from a16z, Founders Fund, Castle Island Ventures and others. To learn more about Dynamic visit dynamic.xyz
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner chop it up about the latest news. This week, the gang sits down with guest Nic Carter of Castle Island Ventures, whose tweet thread pushed the Wall Street Journal to correct its story that Hamas had raised tens of millions in crypto. Carter discusses the challenges in tracking how much crypto Hamas has actually received, the declining prospects for Sam Bankman-Fried's acquittal, and ongoing dramas surrounding staking protocol Lido and decentralized exchange dYdX. Show highlights: Why the cross-examination has not gone well for Sam Bankman-Fried how the Wall Street Journal misinterpreted data and may have overstated the amount of crypto donations flowing to Hamas for terrorist activities why it's difficult to pinpoint how much funding Hamas has raised in crypto donations how extensive crypto funding for terrorists is believable to many outside observers of the industry, even recently some of its supporters in Congress, but does not reflect reality Why Hamas has decided on its own to stop trying to raise funds in crypto how Lido is upset at the way Layer Zero has pre-marketed its bridge why dYdX's pivot to decentralization with fees going into its token is a positive development but does not give the protocol the moral high ground to attack erstwhile competitors such as UniSwap. Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Guest Nic Carter, general partner at Castle Island Ventures Disclosures Links Previous coverage by Unchained on the trial of Sam Bankman-Fried: How Heated Sidebars During the SBF Trial Could Impact the Jury's Decision Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges Sam Bankman-Fried Trial: Here's Everything That Happened So Far Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison? Day 6: Caroline Ellison Recalls 'The Worst Week of My Life' Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness? Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big Spender Day 10: Defense Struggles to Discredit Nishad Singh's Testimony Day 11: How Alameda Got FTX Into a $9 Billion Hole Day 12: Former FTX General Counsel Speaks Out Against SBF Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight Answers Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTX Day 15: Prosecutors Hammer Bankman-Fried's Contradictions With Reams of Evidence Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own Words Hamas Unchained: Binance Helps Israel Police Freeze Hamas Crypto Accounts: Report Unchained: Bitcoin Slips to $27.4K Amid Escalating Israel-Hamas War but Long-Range Impact Remains Uncertain Nic Carter Twitter thread: Can crypto-twitter OSINT outperform the WSJ's chain analysis? Nic Carter Tweet: Liz Warren wyd? The Wall Street Journal: The Wall Street Journal and Liz Warren double down on the Hamas crypto canard Washington Post: U.S. to warn crypto firms against financing Hamas, terror groups CoinDesk: The Hamas Funding Story Is Why Crypto Is Sick of the Mainstream Media Layer Zero/Lido LayerZero's wstETH bridge deployment draws Lido DAO ire LayerZero introduces omnichain token to move Lido's wstETH across Avalanche, BNB Chain and Scroll dYdX Examining dYdX's Path to Profitable DeFi Learn more about your ad choices. Visit megaphone.fm/adchoices
Cryptodollars are the new Eurodollars. What are Eurodollars, though? Well, we get into that in today's episode with 8-time repeat Bankless guest, Nic Carter. Nic is a partner at Castle Island Ventures, Fidelity alumni, co-founder and board member of Coin Metrics, and a prolific writer of editorials and academic articles alike, Nic is also a believer that the halvening is always priced in, he's a stablecoin connoisseur, an onchain wizard, and an unlicensed vespa driver. ------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-nic-carter-stablecoins There's over $10 trillion dollars worth of Cryptodollars out there and Nic believes that number could grow even bigger. Stablecoins are often called crypto's killer app, however, Nic thinks we aint seen nothing yet! -----
In this episode, Ben sits down with Matt Walsh, Founding Partner of Castle Island Ventures. Matt was instrumental in the development of Fidelity's blockchain efforts before leaving to found Castle Island in 2018. Matt is a leading crypto VC with a deep understanding of tech innovation driving adoption, and the regulatory dynamics impacting the blockchain industry. Let's get into it. Timestamps 3:15 What is your background? 5:04 Why was Fidelity open to Bitcoin in 2014? 8:10 What gave you the confidence to leave Fidelity and launch Castle Island? 10:26 What was it like raising capital for a new crypto fund in 2018? 12:07 How has the Castle Island thesis evolved since founding the firm? 18:17 What exit opportunities are available to equity-based blockchain companies? 23:15 What is the current state of venture in crypto? 26:25 Walk us through McHenry's market structure bill 30:18 What would this bill unlock within the U.S.? 32:54 Would this bill impact the proliferation of U.S. dollar denominated stable coins? 36:15 What is the status of blockchain acceptance in China? 39:17 Where does operation chokepoint 2.9 stand right now? 44:00 What impact will Ordinals have on BTC beyond NFTs? 48:12 What emerging opportunities are you excited to be backing now via Castle Island? 50:30 What is your most contrarian take within crypto? 52:55 What is your most contrarian take outside of crypto? 53:01 Where can people learn more about you? Resources Mentioned McHenry, Thompson, Hill, Johnson Release Digital Asset Market Structure Proposal An (Institutional) Investor's Take on Cryptoassets — John Pfeffer Telecommunications Act of 1996 Waters Floats Stablecoin Bill Draft Ahead of Thursday House Hearing Beijing releases white paper for Web3 innovation and development Operation Chokepoint 2.0 — Nic Carter Halborn CAT Labs Connect with the guest Follow Matt on Twitter https://twitter.com/MattWalshInBos Follow Castle Island on Twitter https://twitter.com/CastleIslandVC Castle Island https://castleisland.vc/ Disclaimer Ben Jacobs is a partner at Scenius Capital Management. All views expressed by Ben and the guests of this podcast are solely their opinions and do not reflect the opinions of Scenius Capital Management. Guests and the host may maintain positions in the assets or funds discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of their personal opinion. This podcast is for informational purposes only.
Nic Carter is a Partner at Castle Island Ventures and co-founder and Chairman of Coin Metrics. In this interview, we discuss Real Bedford, ordinals, the Bitcoin fee market, Bitcoin culture wars, layer 2 innovations, Chokepoint 2.0 and the 2022 banking crisis, and how people can stand up for Bitcoin against the current US administration. - - - - In categorising a covert attempt by the executive branch to restrict access to Bitcoin and crypto as a modern iteration of Operation Chokepoint, Nic Carter has brought much-needed attention to an otherwise nebulous sense of unease. Nic has clarified the meaning behind a series of different events, tying together inconsistent messages and suspicious decisions. His explicit analysis has even garnered the attention of a presidential candidate, Robert F Kennedy Jnr. At face value, Chokepoint 2.0 is about the government's hostility towards the crypto industry in the wake of FTX. That Bitcoin will be ensnared in this dragnet is of obvious concern. An innovation that could revolutionise and democratise money and energy could be restricted within the world's leading economy. However, there is a bigger issue here: the circumvention of democratic norms. These restrictions are occurring without debate or scrutiny. Then, to add import on top of import, there is the underlying rationale for these restrictions. In a week when the debt ceiling is again the subject of political horse-trading to allow sovereign debt to continue to grow to evermore eye-watering levels, these restrictions are an implicit imposition of soft capital controls on the American people. So, we have unprecedented restrictions on people's freedoms to protect stores of value being done behind closed doors. Put bluntly, the US government's attempts to restrict the growth of the crypto industry by leaning on private banks are unconstitutional and violate due process. The social contract is being broken. Nic has suggested that injured parties should join efforts to sue the government to enable legal oversight of these decisions. In his opinion, this is a lawsuit that can be won.
“In the US, we know it's coordinated. We absolutely know that. It's certain officials in the Biden administration that are working together with specific regulators, in particular the bank regulators, to marginalise the Bitcoin and crypto industry.”— Nic CarterNic Carter is a Partner at Castle Island Ventures and co-founder and Chairman of Coin Metrics. In this interview, we discuss Real Bedford, ordinals, the Bitcoin fee market, Bitcoin culture wars, layer 2 innovations, Chokepoint 2.0 and the 2022 banking crisis, and how people can stand up for Bitcoin against the current US administration. - - - - In categorising a covert attempt by the executive branch to restrict access to Bitcoin and crypto as a modern iteration of Operation Chokepoint, Nic Carter has brought much-needed attention to an otherwise nebulous sense of unease. Nic has clarified the meaning behind a series of different events, tying together inconsistent messages and suspicious decisions. His explicit analysis has even garnered the attention of a presidential candidate, Robert F Kennedy Jnr. At face value, Chokepoint 2.0 is about the government's hostility towards the crypto industry in the wake of FTX. That Bitcoin will be ensnared in this dragnet is of obvious concern. An innovation that could revolutionise and democratise money and energy could be restricted within the world's leading economy. However, there is a bigger issue here: the circumvention of democratic norms. These restrictions are occurring without debate or scrutiny.Then, to add import on top of import, there is the underlying rationale for these restrictions. In a week when the debt ceiling is again the subject of political horse-trading to allow sovereign debt to continue to grow to evermore eye-watering levels, these restrictions are an implicit imposition of soft capital controls on the American people. So, we have unprecedented restrictions on people's freedoms to protect stores of value being done behind closed doors.Put bluntly, the US government's attempts to restrict the growth of the crypto industry by leaning on private banks are unconstitutional and violate due process. The social contract is being broken. Nic has suggested that injured parties should join efforts to sue the government to enable legal oversight of these decisions. In his opinion, this is a lawsuit that can be won.- - - - This episode's sponsors:Iris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultUnchained - Secure your bitcoin with confidence-----WBD666 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Brian Quintenz, head of policy for a16z crypto, and Nic Carter, general partner at Castle Island Ventures, talk about Operation Choke Point 2.0, the relationship between the government and the crypto industry, the status of different tokens as securities or commodities, and potential future developments in the space Show highlights: what the original Operation Choke Point was like the "evidence" that shows that Operation Choke Point 2.0 against crypto is real, according to Nic how hard it is for crypto companies to get banked in the U.S. whether crypto had anything to do with the current banking crisis whether agencies such as the CFTC and the SEC are performing coordinated action against the industry how the collapse of FTX changed the approach of banking regulators toward crypto whether the U.S. needs to change its regulatory approach to maintain its status as a global leader whether crypto is a threat to the U.S. dollar and the financial system how Tether has benefited from the recent regulatory events why Brian says that the SEC has already demonstrated that BTC and – also ETH -- are not securities Thank you to our sponsors! Crypto.com Halborn Guests: Brian Quintenz, head of policy for a16z crypto Nic Carter, general partner at Castle Island Ventures Did The Government Start A Global Financial Crisis In An Attempt To Destroy Crypto? Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs Previous coverage of Unchained on the banking situation: Jim Bianco on Why the Banking System Has Always Been Broken The Fed Is In Checkmate: What Will Powell Do? The Fall of SVB: What Happened and How It Affects Crypto Previous coverage of Unchained on the recent regulatory crackdown: Why the CFTC Case Against Binance Will Have Very Important Consequences for Crypto Coinbase's Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach' Links NYMAG: Barney Frank Talks More About the Surprise Shuttering of Signature Bank Unchained: Was Signature Bank Actually Insolvent? Regulators Close Signature Bank Following SVB Collapse CFTC Sues Binance and CZ Over US Regulatory Violations CoinDesk Editorial: It Sure Looks Like the U.S. Is Trying to Kill Crypto The Administration's Roadmap to Mitigate Cryptocurrencies' Risks | NEC | The White House Learn more about your ad choices. Visit megaphone.fm/adchoices
On today's episode, NLW is joined by Castle Island Ventures' Nic Carter. Nic was the first to identify the concerted effort to deplatform crypto from the banking system as “Operation Choke Point 2.0.” In their conversation, Nic discusses the original Operation Choke Point, how that operation came to an end, when he began to notice signs of a similar strategy targeting crypto and where the industry is now. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Paulozhgibesov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
The Castle Island venture capitalist joins to discuss the coordinated effort to cut off crypto from the banking sector.On today's episode, NLW is joined by Castle Island Ventures' Nic Carter. Nic was the first to identify the concerted effort to de-platform crypto from the banking system as “Operation Choke Point 2.0.” In their conversation, Nic discusses the original Operation Choke Point, how that operation came to an end when he began to notice signs of a similar strategy targeting crypto and where the industry is now. -“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Paulozhgibesov/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today's episode of On the Margin, Caitlin Long Founder & CEO at Custodia Bank & Nic Carter Founding Partner at Castle Island Ventures join the show to discuss the recent banking turmoil with the collapse of Silvergate and Silicon Valley Bank which led to the closure of Signature Bank over the weekend. Interest rate risk in HTM portfolios was the key driver of the recent bank runs we have seen, but how have they reverberated all around the world? We then discuss the political backlash crypto banks have received as a consequence of the bank crisis and whether this could be an operation chokepoint 2.0 scenario, something Nic has been writing about for many months. To hear all this and more, you'll have to tune in! -- Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Caitlin: https://twitter.com/CaitlinLong_ Follow Nic: https://twitter.com/nic__carter Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/blockworks_ -- Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ -- Use code MARGIN10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 -- Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Silvergate Capital, one of few U.S. crypto-friendly banks, is buckling under pressure of dwindling capital, potential litigation and spooked clients. Is this an example of a coordinated effort by the Biden administration to cut crypto off from U.S. funds? Nic Carter, partner at Castle Island Ventures and the man who coined Operation Choke Point 2.0, joins Ash Bennington to discuss. On the news front, they'll examine the new concerns swirling around Binance, mixed news for the Ethereum community when it comes to upgrades, and some important but unequivocally bad news for FTX users. Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this episode recorded live in person, Host and Delphi Co-Founder Tommy is joined by Nic Carter, General Partner at Castle Island Ventures. The two have a far reaching discussion around Nic's thesis on Operation Choke-Point 2.0; the effort of every U.S. financial regulator to deny crypto firms access to banking services. Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Digital may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi's transparency page can be viewed here.
Ria is a General Partner at Castle Island Ventures, and also a contributor at Komorebi and EcoDAO. Ria talks what it's going to take to rebuild trust in crypto, building with values at the forefront, sovereignty, accountability, and credible neutrality. Follow Ria on Twitter (@riabhutoria) Follow Chase on Twitter (@chaserchapman)
My guest today is Sean Judge (https://twitter.com/seanjudgeciv ), general partner at Castle Island Ventures (https://twitter.com/CastleIslandVC ). Sean has been investing since he started working in 2011. He was fortunate to take a wide lens approach early on in his career and narrowed over time until he ultimately landed in the Web3 early stage venture space. He is partnered with some amazing minds as Castle Island, and aspires to build a generational VC firm. He takes us through the mega trends they invest in and why the future for this space is bright. First receiving ICO offers at Highland Capital Partners from companies started by major talent but no revenue and a white paper to meeting Matt Walsh while he was at Fidelity and putting a personal check in Castle IslandWe Discuss...2023 Outlook-Proof of Reserves with Exchanges-Stablecoins-From 555 Seed and Series A deals in 2019-20 to 1400 in 2022-People are still leaving comfortable full-time jobs because of the promise of Web3How to Survive a Bear-Seed or Series A check to last closer to 36 month rather than 18-Plan for the best (rebound mid-2023), Prepare for the worst (2-2.5 yr bear)-Big consumer brands are still moving forward so lean into Sales and Marketing-If your audience are crypto-native then focus on making your product as sticky as possiblePick and Shovels Business following 3 megatrends: Monetary Networks - custodians, data analytics, compliance softwareDeFi - decentralized focus on all aspects of traditional financeConsumer/Web3 - sovereignty over dataChapters:00:00-10:50 Founding Story10:50-14:19 Outlook for the Space in 202314:20-19:37 VC advice to Survive a Bear Market19:38-24:30 Role of Decentralization in Web3 Startups and Investing24:31-29:36 Crypto-Native Portfolio Breakdown and Outlook29:37-44:20 What is the Future of DeFi and Enterprise Blockchain?44:21-51:40 Consumer Side of Web3 in 202351:41-57:26 Closing QuestionsThanks for listening! Did you know you can also watch the show on YouTube? Just hit the link below and don't forget to subscribe!Web3 w/ Me - YouTube
This is Eric Golden, and my guest today is Matt Walsh. Before we start, in addition to our opening disclaimer, I wanted to share that I have known Matt for many years. I'm an investor in his fund, and currently, or in the future, could work with some of the companies he mentions during this episode. With that said, Matt is one of the founding partners of Castle Island Ventures, which invests exclusively in the crypto industry. Including monetary networks, financial services infrastructure, and Web3. Before founding his VC firm, Matt worked at Fidelity, where he led a number of the companies crypto initiatives. In our discussion, which is far ranging, we discuss how his early experiences in crypto led to building a crypto VC, what themes his fund focuses on, his take on the 2022 collapse, the comparison of prior cycles, and his personal view on the appropriate regulatory response. Please enjoy my conversation with Matt Walsh. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by OKX. You may have seen OKX on McLaren's Formula 1 race car or Manchester City's football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That's why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:38] - [First question] - Being labeled as one of the first people to understand Bitcoin [00:04:48] - How his relationship with crypto evolved from a curiosity to investing in it [00:06:20] - Partnering with Nick Carter and how they came together [00:07:14] - What drove his decision to finally take the leap and become an entrepreneur [00:08:40] - Lessons learned from setting up and deploying his first fund [00:10:20] - Comparing the crypto space in 2022 to what it was in 2018 [00:11:47] - His opinion on what's happened this year writ large and what it means [00:14:15] - How regulation serves customers better than a libertarian outlook [00:16:04] - Thoughts on the best way forward given crypto's regulatory shortcomings [00:18:13] - Commissioner Hester Peirce - A Regulator's View of Crypto [00:18:47] - How far away we are from having an active congress involved in crypto [00:20:57] - The notion of retail and yield generating products and why that part of the industry imploded on itself [00:23:22] - Whether or not he'd invest in crypto again given its current state of affairs [00:24:14] - Areas and macro trends he's most excited about today [00:27:26] - How the concept of crypto is more enticing for brands than a public database [00:30:51] - Securities versus non securities and what brands are talking about [00:32:38] - The difficulty of figuring out the real market value of any given project [00:36:20] - How he would approach handling privacy and KYC in DeFi [00:38:31] - Defining financial service infrastructure and where they invest in it [00:40:01] - Some of the market structure bets they've made over the years [00:42:17] - How a prime broker would have helped in light of the FTX scandal [00:44:05] - His view on where things stand with Genesis and FTX and how they'll unfold [00:50:35] - Monetary networks and what has his attention lately [00:52:14] - Why some countries and governments will push back against stablecoins [00:53:26] - Some of the craziest ideas that have come across his desk [00:54:23] - Trying to get to the base of an idea when it comes to due diligence [00:55:57] - What he's most excited to build over the next six months and six years [00:57:09] - Whether we'll get regulation in crypto or a migration of traditional assets to crypto rails first
We are pleased to introduce the ARK Crypto Brainstorm; a quarterly conversation between a rotating group of experts in the crypto space, The ARK Crypto Brainstorm will be published through the For Your Innovation podcast channels and aims to be an informative and in-depth conversation on the current state of the ever-changing crypto landscape with experts offering diverse viewpoints. In the first episode of the ARK Crypto Brainstorm, ARK Cryptocurrency Analyst Yassine Elmandjra and Chief Futurist Brett Winton hosted five leaders in the crypto space including: Alex Gladstein CSO, Human Rights Foundation Alex Gladstein is Chief Strategy Officer at the Human Rights Foundation. He has also served as Vice President of Strategy for the Oslo Freedom Forum since its inception in 2009. In his work, Alex has connected hundreds of dissidents and civil society groups with business leaders, technologists, journalists, philanthropists, policymakers, and artists to promote free and open societies. Chris Burniske Partner, Placeholder Chris Burniske is the Partner at Placeholder VC, a venture capital firm that invests in decentralized networks and web3 services. Chris is also the author of Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond, and he formerly led Crypto research at ARK. Dhruv Bansal Co-Founder and CSO, Unchained Capital Dhruv Bansal is the Co-Founder and CSO at Unchained Capital, a bitcoin native financial services company offering collaborative custody multisignature vaults and loans for bitcoin holders. Prior to Unchained Capital, Dhruv was the co-Founder and CSO at Infochimps, a cloud service that streamlines building and managing complex big data environments and distills analytics. Eric Wall Crypto Blogger Eric Wall is a Stockholm-based software engineer and cryptocurrency trader. He works at a financial IT infrastructure provider as a blockchain and cryptocurrency domain expert and holds a M.Sc.Eng. in Information and Communication Engineering Technologies from the Faculty of Engineering (LTH), Lund University, where he specialized in blockchain technology. Nic Carter Founding Partner, Castle Island Ventures Nic Carter is a founding partner at Castle Island Ventures, a venture capital firm focused exclusively on public blockchains. Before founding Castle Island, Nic worked for Fidelity as their first cryptoasset analyst, where he devised research perspectives on public blockchains. He is the cofounder of Coin Metrics. He holds a degree in philosophy from the University of St Andrews and an MSc Finance and Investment from the University of Edinburgh. Key Points From This Episode: Potential sources for additional fallout in the cryptocurrency market Why might Binance's auditor have quit Binance's current situation generally, and what might the company's future look like Game theory on calling out crypto scams What the future could be for Tether How US Treasury assets could be instrumentalized Would a potential collapse of Tether be positive for Bitcoin? How crypto regulation plays a role in the long-term How Fidelity can impact Bitcoin What the future might hold for the decentralized finance (DeFi) industry Bitcoin's relative strength among a variety of other crypto crashes The prospects for Bitcoin's price movement in the near term General thoughts on the collapse of FTX Is Solana dead or can it come back into favor? How the NFT ecosystem compares to the rest of the Ethereum ecosystem What are some optimistic viewpoints in crypto despite considerable recent volatility How government policy and regulation could shape the crypto market
Nic Carter is a general partner at Castle Island Ventures. He is cofounder and chairman of Coin Metrics, host of the On The Brink podcast, columnist for Coindesk, and an advisor to the Bitcoin Clean Energy Initiative. This episode was recorded at the Texas Blockchain Summit on November 18, 2022. -Comments on the White House Report on the Climate Implications of Crypto Mining https://medium.com/@nic__carter/comme... -Nic's Annotated Version of the Climate and Energy Implications of Crypto-Assets in the United States https://niccarter.info/wp-content/upl... Follow Nic on Twitter https://twitter.com/nic__carter Coin Stories is powered by @Swan Bitcoin the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases. Swan serves clients of any size, from $10 to $10M+. Visit https://www.swanbitcoin.com/nataliebrunell for $10 in Bitcoin when you sign up. If you are planning to buy more than $100,000 of Bitcoin over the next year, the Swan Private team can help. BITCOIN 2023 by @Bitcoin Magazine will be the biggest Bitcoin event in history May 18-20 in Miami Beach. Speakers include Michael Saylor, Lyn Alden and Michelle Phan, plus a Day 3 music festival. Nearly 30,000 people attended Bitcoin 2022; more than 1,100 companies and 250 media outlets were represented. Get your pass with 10% off using code HODL at b.tc/conference. With iTrustCapital you can invest in Bitcoin without worrying about taxes or fees. iTrustCapital allows clients to invest in digital assets through an individual retirement account. IRAs are tax-sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is it's totally free to open an account, and there are no hidden fees, monthly subscriptions or membership fees. If you open and fund an account you will get a $100 funding bonus. To learn more and open a free account go to https://itrust.capital/nataliebrunell. Accounts are FDIC insured up to $250,000. Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with Fold's Bitcoin cash back debit card, and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats! Health insurance needs an overhaul. The government and insurance companies have jacked the price, increased complexity, and made insurance almost unusable. You send your money to the health insurance black hole and never see it again. Then, when you get hurt you have to send them more money. The great news is now you have an alternative: CrowdHealth. It's totally different from insurance. Instead of sending your hard earned money to an insurance company, you hold your money in an account CrowdHealth helps you set up when you join. You can even convert dollars in that account into Bitcoin. When someone in the community has a health need, you help them out directly and if there is Bitcoin or $ left over in your account when you leave, you take it with you. https://www.joincrowdhealth.com/natalie OTHER RESOURCES - Natalie's website https://talkingbitcoin.com/ - Nic Carter https://niccarter.info/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories BTC wallet bc1ql8dqjp46s4eq9k3lxt0lxzh6f2wcu35cl6944d ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW NATALIE ON SOCIAL MEDIA Twitter https://twitter.com/natbrunell Instagram https://www.instagram.com/nataliebrunell Linkedin https://www.linkedin.com/in/nataliebrunell ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ DISCLAIMER This show is for entertainment purposes only and does not give financial advice. Before making any decisions consult a professional. #bitcoin #cryptocurrency #inflation
On today's show we're taking a look at proof of reserves, and why we might want to do them, courtesy of Nic Carter, a CoinDesk columnist and partner at Castle Island Ventures. Read the full story here.-This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week, Alex sits down with Castle Island Ventures co-founder Nic Carter to discuss proof of reserves and how it could improve safety in the cryptocurrency industry in the wake of FTX's blowup. Christine Kim joins to discuss developments in the Ethereum ecosystem, and Beimnet Abebe from Galaxy Digital Trading gives a market update. This episode was recorded on Wednesday, November 16, 2022. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
Joanna Ossinger and Katie Greifeld, both cross asset reporters with Bloomberg News, and Nic Carter, Founding Partner at Castle Island Ventures, join the show to discuss the fallout from the Sam Bankman-Fried/FTX collapse. Nathan Dean, US Policy Analyst with Bloomberg Intelligence, gives us the latest on the US midterms. Mike Halen, Senior Restaurant analyst with Bloomberg Intelligence, discusses the state of the food and restaurant business. Mandeep Singh, Senior Tech Analyst with Bloomberg Intelligence, and Geetha Ranganathan, US Media Analyst with Bloomberg Intelligence, break down Disney and Meta stocks. Sonali Basak, Wall Street reporter with Bloomberg News, and Mike McGlone, Senior Commodity Strategist with Bloomberg Intelligence, discuss the Wall Street reaction to Sam Bankman-Fried and what it means for crypto going forward. Shaheen Contractor, ESG Research Analyst with Bloomberg Intelligence, discusses her recent pieces on the risks of gauging climate ambitions and ESG-related climate initiatives amid COP27 in Egypt. Hosted by Paul Sweeney and Matt Miller.See omnystudio.com/listener for privacy information.
“You could describe Proof of Stake in two words: shareholders vote. And guess what, that is how the world works already… I want to build a system that at least has the potential to be democratising, and move towards decentralisation, censorship resistance, these properties that we care so much about; and I think Proof of Stake is a huge step in the wrong direction.”— Lane RettigNic Carter is a Partner at Castle Island Ventures & Lane Rettig is a core developer for Spacemesh. In this interview, we discuss the Ethereum merge specifically addressing the issue around increasing censorship of Ethereum transactions, the chilling state attacks on privacy and what Bitcoiners could learn. - - - - In November 2013 Vitalik Buterin produced the Ethereum White Paper, which set out that Ethereum was to utilise the Proof of Work mechanism to facilitate participation in the transaction validation process. Eight months later, hidden away in the announcement about the Ether ICO, Vitalik stated that “We may choose later on to adopt alternative consensus strategies, such as hybrid proof of stake…”. Ethereum's merge in the first 2 weeks of September has been the biggest event in crypto this year. Part of the reason is that it has been a very long time coming. Further, it has been a huge engineering challenge: transitioning from Proof of Work to Proof of Stake in a live blockchain for the second-largest digital currency. Many predicted that it would result in technical issues. They were wrong. The merge was a success.And yet, in the months that have followed, events have shown that just as Ethereum has sought to resolve some issues, it has caused others. Yes, Ethereum now uses significantly less energy, albeit a smaller drop in energy consumption than they would have many believe. But, evidence of a concerning concentration of staked ETH indicates that not only is the consensus becoming centralised, but it is becoming dominated by entities who are censoring transactions.The result is a very clear distinction between Bitcoin and Ethereum. The issue at hand for Bitcoiners is that the battle to win the argument with political decision-makers over the importance of Bitcoin's energy usage is still yet to be won. But, more importantly, there are downstream centralisation and capture risks for Bitcoin. Forewarned is forearmed.- - - - This episode's sponsors:Gemini - Buy Bitcoin instantlyLedn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is herePacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022Ledger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultTexas Blockchain Summit - Nov 17-18, 2022 | Austin, TexasBCB Group - Global digital financial Services-----WBD575 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Nic Carter is a Partner at Castle Island Ventures and co-founder and Chairman of Coin Metrics. In this interview, we discuss the White House bitcoin mining research paper, regulation and the role of renewables in the energy mix. - - - - In September, the White House Office of Science and Technology Policy (OSTP) published a study which looked into the climate impacts of bitcoin mining. The report successfully acknowledged the differences between PoS and PoW, the contribution of bitcoin mining to grid flexibility & demand response and the potential to unlock stranded renewables, but the rest of the report offers little, if any merit. Overall, the findings in this report were quite damning. The report relies on non-peer-reviewed and often totally flawed data from the likes of De Vries and Digiconomist and even cites the absurd 2018 Mora et al paper. As Nic says in his article, "The Mora reference is shocking. It's a bit like reading a scientific government report on the history of the moon landing and finding a reference to a conspiracy website claiming that the entire thing was faked." With papers like this from the White House, the New York Mining Moratorium Bill and general growing disdain for Bitcoin mining, the US risks giving up its headstart. It is the country with the most to lose, and as we saw when China banned mining, Bitcoin is totally agnostic, and by banning, or overregulating, America won't hurt bitcoin, only itself. "If you ban it, you empower your enemies, like Russia, Iran, Venezuela, and North Korea. If you embrace it, you directly hurt them, and give their citizens tools to free themselves from those oppressive regimes."
“My whole objective here was just to really meticulously go through their document and show that they don't have a better command of the facts then we do, they're relying on bad data, they're relying on bad sources and academics, and they should do better.”— Nic CarterNic Carter is a Partner at Castle Island Ventures and co-founder and Chairman of Coin Metrics. In this interview, we discuss the White House bitcoin mining research paper, regulation and the role of renewables in the energy mix.- - - - In September, the White House Office of Science and Technology Policy (OSTP) published a study which looked into the climate impacts of bitcoin mining. The report successfully acknowledged the differences between PoS and PoW, the contribution of bitcoin mining to grid flexibility & demand response and the potential to unlock stranded renewables, but the rest of the report offers little, if any merit.Overall, the findings in this report were quite damning. The report relies on non-peer-reviewed and often totally flawed data from the likes of De Vries and Digiconomist and even cites the absurd 2018 Mora et al paper. As Nic says in his article, "The Mora reference is shocking. It's a bit like reading a scientific government report on the history of the moon landing and finding a reference to a conspiracy website claiming that the entire thing was faked."With papers like this from the White House, the New York Mining Moratorium Bill and general growing disdain for Bitcoin mining, the US risks giving up its headstart. It is the country with the most to lose, and as we saw when China banned mining, Bitcoin is totally agnostic, and by banning, or overregulating, America won't hurt bitcoin, only itself. "If you ban it, you empower your enemies, like Russia, Iran, Venezuela, and North Korea. If you embrace it, you directly hurt them, and give their citizens tools to free themselves from those oppressive regimes."- - - - This episode's sponsors:Gemini - Buy Bitcoin instantlyLedn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is herePacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022Ledger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultTexas Blockchain Summit - Nov 17-18, 2022 | Austin, TexasBCB Group - Global digital financial Services-----WBD571 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Back in July, controversy broke out amongst Bitcoiners when Nic Carter — a long-time bitcoin proponent and Founding Partner of Castle Island Ventures — announced that his firm invested in a Web3 authentication company. Even though Castle Island recently launched a $250 million fund explicitly for Web3 investments, Carter's announcement was met with staunch criticism from some members of the Bitcoin community. In this episode of The Scoop, Nic Carter and host Frank Chaparro discuss some of the philosophical underpinnings of the crypto space, including the similarities between Bitcoin maximalism and religious dogma. Although Carter himself is a vocal supporter of Bitcoin, he does not elevate it to anything beyond a monetary innovation — this, Carter says, is what separates him from the more zealous members of the community: “The one part of the community I distance myself from is the part that confuses bitcoin with religious doctrine. I think religion is religion, money is money, and they're pretty distinct, and they should stay distinct. The day after the controversy broke out on Twitter, Carter addressed the situation in a Medium article titled, ‘Setting the record straight; or: a eulogy for Bitcoin maximalism.' In it, he writes: "I am not pessimistic on Bitcoin. I'm just interested in the world as it actually is, instead of the world of utopias and pleasant delusions." Episode 101 of Season 4 of The Scoop was recorded at Converge22 with The Block's Frank Chaparro and Castle Island Ventures Founding Partner Nic Carter. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Tron About Tron TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized web3 services boasting over 100 million monthly active users. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. | TRONDAO | Twitter | Discord |
Nic Carter is a general partner at Castle Island Ventures. He is cofounder and chairman of Coin Metrics, host of the On The Brink podcast, columnist for Coindesk, and an advisor to the Bitcoin Clean Energy Initiative and to Core Scientific. Comments on the White House Report on the Climate Implications of Crypto Mining https://medium.com/@nic__carter/comments-on-the-white-house-report-on-the-climate-implications-of-crypto-mining-8d65d30ec942 Nic's Annotated Version of the Climate and Energy Implications of Crypto-Assets in the United States https://niccarter.info/wp-content/uploads/09-2022-Crypto-Assets-and-Climate-Report_nc_annotated_091522.pdf Follow Nic on Twitter https://twitter.com/nic__carter IN THIS EPISODE: 0:00 Intro 1:07 OSTP "highlights" 3:39 Chief issues, PoS, PoW 4:12 No novel data 5:31 No industry subject matter experts 6:15 Non-peer reviewed journal content 8:02 Faulty reliance on De Vries / Digiconomist 12:01 Energy consumption 13:18 E-waste 14:50 Emissions 17:17 Faulty reliance on Gallersdorfer, Klaassen, and Stoll 19:43 Citing Mora et al "worst paper ever written" 21:27 Deeply conflicted approach to data 23:20 Electricity use and Bitcoin mining n Texas; ERCOT 29:37 Miners using renewables 30:16 Dismisses flare gas mitigation 34:22 Claim: using stranded renewables inhibits transmission 36:36 Gives miners no credit for subsidizing renewable buildout 39:23 Refuses to guess on future energy trajectories 42:07 Recommendations are stupid, counterproductive ✔️ Coin Stories is powered by @Swan Bitcoin the best way to build your Bitcoin stack with automated Bitcoin savings plans and instant purchases. Swan serves clients of any size, from $10 to $10M+. Visit https://www.swanbitcoin.com/nataliebrunell for $10 in Bitcoin when you sign up. If you are planning to buy more than $100,000 of Bitcoin over the next year, the Swan Private team can help. Swan Bitcoin is hosting this year's inaugural Pacific Bitcoin event designed to deliver two days of Bitcoin-only programming featuring top experts and celebrity Bitcoin fans. This unique event November 10-11 in Los Angeles will give you the ability to meaningfully engage the Bitcoin community & industry insiders. Visit https://www.PacificBitcoin.com/ for tickets. Use code HODL for 30% off your pass. ✔️ BITCOIN 2023 by @Bitcoin Magazine will be the biggest Bitcoin event in history May 18-20 in Miami Beach. Speakers include Michael Saylor, Lyn Alden and Michelle Phan, plus a Day 3 music festival. Nearly 30,000 people attended Bitcoin 2022; more than 1,100 companies and 250 media outlets were represented. NATALIE BRUNELL IS A CONFIRMED SPEAKER at BITCOIN AMSTERDAM October 12-14, 2022. Get an early bird pass at a steep discount at https://b.tc/conference use code HODL for 10% off your pass to BITCOIN 2023 or AMSTERDAM. ✔️ With iTrustCapital you can invest in crypto without worrying about taxes or fees. iTrustCapital allows clients to invest in crypto through an individual retirement account. IRAs are tax-sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is it's totally free to open an account, and there are no hidden fees, monthly subscriptions or membership fees. If you open and fund an account you will get a $100 funding bonus. To learn more and open a free account go to https://itrust.capital/nataliebrunell. ✔️ Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with Fold's Bitcoin cash back debit card, and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats!
On today's show, CoinDesk columnist and partner at Castle Island Ventures, Nic Carter, takes an investigative look at the significant challenge facing Ethereum's community and leadership. This episode is sponsored by Algorand.Read the full story here.-Algorand is shaping the future with the world's greenest blockchain technology. Algorand delivers security, scalability, and speed without sacrifice – inspiring you and billions of other users to reach a sustainable standard of peak blockchain performance. Learn more at algorand.foundation. -I.D.E.A.S. 2022 by CoinDesk facilitates capital flow and market growth by connecting the digital economy with traditional finance through the presenter's mainstage, capital allocation meeting rooms and sponsor expo floor. Use code MARKETS20 for 20% off the General Pass. Learn more and register: coindesk.com/ideas-This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On today's show, CoinDesk columnist and partner at Castle Island Ventures, Nic Carter, takes a look at the history of credit and why even industry-shaking failures aren't likely its end.Read the full story here.This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
If you've ever interacted with hardcore Bitcoin maximalists you might find some of them, at least, to be... abrasive. And it's not just no-coiners who are the target of their scorn. The real enemies are ex-maxis, who are viewed as apostates. Nic Carter, a co-founder and GP at the VC firm Castle Island Ventures, has been a longtime Bitcoiner. He has been in the sapce for a long time. He is a prolific writer. He has extolled the monetary case for Bitcoin. And he's defended the environmental aspects of mining. But he also recently revealed an investment in a non-Bitcoin crypto company that's made him a persona non-grata in the laser eyes world. On this episode, he talks about the world of Bitcoin maximalists, why he is investing elsewhere, what they get wrong, the toxicity of their culture, and also why in spite of it all, he still considers himself a Bitcoiner. See omnystudio.com/listener for privacy information.
Nic Carter is a Partner at Castle Island Ventures and is a Co-Founder of Coin Metrics In this conversation, we talk about the Bitcoin price crash and all the factors that have led up to the crash. Nic helps to break down Celsius & stETh, discusses why Bitcoin may no longer be an inflation hedge, and why the price of Bitcoin may continue to drop due to selling by miners. ======================= Bullish is a powerful new exchange for digital assets that offers deep liquidity, automated market making, and industry-leading security. Combining the innovations of DeFi with the regulated environment of traditional finance, Bullish empowers users to trade with certainty and earn passively at scale across variable market conditions, in an environment backed by multibillion-dollar liquidity contributions from the Bullish Treasury. Visit bullish.com/pomp today to learn more. Note: Bullish is licensed by the Gibraltar Financial Services Commission. Virtual assets and related products are high risk. Consult your investment advisor and trade responsibly. Bullish is available in select locations only and not to U.S persons. Visit bullish.com/legal for important information and risk warnings. ======================= Since 2018 Copper has been at the forefront of institutional digital asset development. From award winning custody solutions, to creating the first truly off-exchange settlement function, Copper pioneers technology, products, and services, in lock-step with a rapidly changing world. No other infrastructure provider covers as many assets, across as many exchanges, with the speed and security that Copper can offer. To learn how Copper helps the world's largest institutional investors secure their digital assets, head over to copper.co Copper - the unfair advantage. ======================= Compass Mining is the world's first online marketplace for bitcoin mining hardware and hosting. Compass was founded with the goal of making it easy for everyone to mine bitcoin. Visit http://compassmining.io to start mining bitcoin today! =======================
Nic Carter is a general partner at Castle Island Ventures, investing in crypto-financial infrastructure and the restoration of property rights on the internet. He is cofounder and chairman of Coin Metrics, host of the On The Brink podcast, columnist for Coindesk, and an advisor to the Bitcoin Clean Energy Initiative and to Core Scientific. You can follow Nic at www.twitter.com/nic__carter REFERRAL LINKS: Coin Stories is powered by BITCOIN 2023, which will be the BIGGEST BITCOIN EVENT IN HISTORY held in April 2023. If you missed Bitcoin 2022, make sure to head to @BitcoinMagazine to find videos and highlights of all the biggest events and panels. You can get an early bird pass for Bitcoin 2023 at a steep discount if you head to: https://b.tc/conference/2023. Use code HODL for 10% off your pass. *** Okcoin is on a mission to make crypto investing and trading easily accessible to anyone around the world. We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto. Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. We are a collective of global citizens with a common passion to help decentralize finance and level the economic playing field for everyone around the world. Visit https://www.okcoin.com/natalie for $50 in Bitcoin when you sign up. *** With iTrustCapital, you can actually invest in crypto without worrying about taxes, or fees. iTrustCapital allows their clients to invest in crypto through an individual retirement account, or an IRA. IRAs are tax sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is that it's totally free to open an account, and there are no hidden fees. You don't need to pay any monthly subscription or membership fees either. If you open and fund an account, you will get a $100 funding bonus added to your account. To learn more, click the link below and open a free account to learn more. https://itrust.capital/nataliebrunell *** Fold is the best Bitcoin rewards debit card and shopping app in the world! Earn Bitcoin on everything you purchase with the Fold's Bitcoin cashback debit card and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/natalie for 5,000 in free sats! #bitcoin #cryptocurrency #inflation
Katerina Simonetti, Senior VP at Morgan Stanley Private Wealth Management, talks about the markets and investment strategies in 2022. Chris Campbell, Chief Strategist at Kroll, joins the show to talk about the recent inflation data and the upcoming FOMC meeting. Jack Devine, former acting CIA director of operations, former head of CIA's Afghan Task Force, and Founding Partner and President of the Arkin Group, talks about the China-Taiwan tensions and national security threats from China and Russia amid the Ukraine-Russian war. Nic Carter, Founding Partner at Castle Island Ventures, talks about Bitcoin's fall and the long-term outlook for crypto. Hosted by Paul Sweeney and Matt Miller. See omnystudio.com/listener for privacy information.
On this episode of Swan Signal Live, Darin Feinstein, Co-Founder of Core Scientific and Nic Carter, Partner at Castle Island Ventures, join me to talk about their time at the Oslo Freedom Forum, the need for "proof of reserves" , Bitcoin mining and more! Timestamps:0:00 Swan Signal Live Intro0:43 The Pacific Bitcoin Conference by Swan Bitcoin3:19 Nic & Darin Introduction4:29 Oslo Freedom Forum14:12 Speaking to the Norwegian Parliament24:54 Bitcoin Mining in Norway26:54 NYC Bitcoin Mining Ban34:14 How do Crypto Crashes & Bear Markets affect Bitcoin?44:13 What are “Proof of Reserves”?51:53 Growth of Bitcoin Mining1:02:35 Watch “Hard Money with Natalie Brunell” from Swan Bitcoin & Bitcoin Magazine1:03:57 Twitter Spaces Q&AConnect with Darin Feinstein:https://twitter.com/DarinFeinsteinConnect with Nic Carter:https://twitter.com/nic__carterConnect with Brady Swenson:https://twitter.com/CitizenBitcoinSwan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Check out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon". Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://www.swanbitcoin.com/canon/Connect with Swan on social media:Twitter: https://twitter.com/SwanBitcoinTelegram: https://t.me/swansignalLinkedIn: https://www.linkedin.com/company/swan...Swan Signal Live and Swan Lounge are a production of Swan Bitcoin, the best way to accumulate Bitcoin through automatic recurring buys at https://swanbitcoin.com.Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Find out more at https://swanbitcoin.com/privateGet your free ebook or audiobook copy of "Inventing Bitcoin" here: https://swanbitcoin.com/freebookWe also have the book available en español, y puede descargar su copia en https://swanbitcoin.com/librogratisGet your free ebook copy of "21 Lessons" here:https://swanbitcoin.com/21lessonsJoin our Swan Force, our referral program, and get paid to recruit new Bitcoiners: https://swanbitcoin.com/enlist#Bitcoin #SwanBitcoin #Finance #BitcoinNews
This episode is sponsored by Nexo.io, NEAR and FTX US. NLW is joined on “The Breakdown” by Nic Carter, the founding partner at Castle Island Ventures. In this conversation, they discuss the market cycle, what's valuable about being in a bear market and the promise of decentralized finance on the Lightning Network. Find our guest on Twitter: @nic__carter - Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rob Mitchell/CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
An interview with the Castle Island Ventures founding partner.This episode is sponsored by Nexo.io, NEAR and FTX US. NLW is joined on “The Breakdown” by Nic Carter, the founding partner at Castle Island Ventures. In this conversation, they discuss the market cycle, what's valuable about being in a bear market and the promise of decentralized finance on the Lightning Network. Find our guest on Twitter: @nic__carter-Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC.-NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org.-FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.-“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Rob Mitchell/CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode we discuss if the Tether stablecoin could also collapse, LUNA/UST lessons, what stablecoins are safe, changing meta for investors in bear market, AVAX & Solana, incoming regulation, and tips to best position your portfolio during periods high uncertainty + fear. Nic Carter is a general partner at Castle Island Ventures, and co-founder of Coin Metrics. Nic was early in warning about the risks of a UST/LUNA collapse and has a knack for understanding what's going to be important for crypto investors before others can spot the risk or opportunity. Thank you for tuning in. If you can spare 5 seconds to leave a review/rating on iTunes, I appreciate it. It helps others find the show. Tweet me your thoughts about the episode! Show sponsors: •Bybit: Trade Bitcoin, ETH, or your favorite altcoins on the best trading platform in crypto. Use the show link for a Bitcoin deposit bonus on new trading accounts: https://partner.bybit.com/b/luke
Nic Carter is a Co-Founder at Coin Metrics and is a Partner at Castle Island Ventures. In this conversation we talk about all the misinformation around Bitcoin mining and present the true story around energy consumption. We also discuss the recent letter to the EPA and the what the champions of ESG get wrong in their argument. ======================= Since 2018 Copper has been at the forefront of institutional digital asset development. From award winning custody solutions, to creating the first truly off-exchange settlement function, Copper pioneers technology, products, and services, in lock-step with a rapidly changing world. No other infrastructure provider covers as many assets, across as many exchanges, with the speed and security that Copper can offer. To learn how Copper helps the world's largest institutional investors secure their digital assets, head over to copper.co Copper - the unfair advantage. ======================= Compass Mining is the world's first online marketplace for bitcoin mining hardware and hosting. Compass was founded with the goal of making it easy for everyone to mine bitcoin. Visit http://compassmining.io to start mining bitcoin today! ======================= Bullish is a powerful new digital asset exchange built for institutions that delivers the innovations of DeFi in a regulated environment. The Bullish Hybrid Order Book pairs the high-performance of a traditional Central Limit Order Book with automated market making. Powered by deep Bullish Liquidity Pools, backed by the multi-billion dollar Bullish Treasury. So, you can trade with certainty and at scale across variable market conditions. Learn more at Bullish.com or follow @Bullish on Twitter. Because the future belongs to the bullish. *Not investment advice. Digital assets and cryptocurrencies are high risk products. Consult your professional advisor before dealing in them. Bullish's services are available in select locations only and not to U.S persons. Visit https://bullish.com/legal for important information and risk warnings =======================
Nic Carter is a Partner at Castle Island Ventures, and Troy Cross is a Fellow at the Bitcoin Policy Institute. In this interview, we discuss Bitcoin mining as an ESG offset and how Bitcoin miners could be the frontier of energy development whilst helping nations attain energy sovereignty. - - - - The two extremes of the climate change debate are engaged in a zero-sum game. For some, the existential threat of climate change requires humans to rapidly transition to energy production 100% derived from renewable sources. A particular contingent believes a transition is required by force: a carbon tax to dissuade investment in fossil fuels and a degrowth agenda to enable society to prioritise the use of more limited but sustainable energy sources. The counterargument is that catastrophic climate change isn't inevitable. Therefore, whilst there are insufficient cost-effective and reliable renewable energy sources, constraining the use of fossil fuels is a dangerous dogma that risks preventing vast swathes of the world from being able to escape poverty. Does the argument need to be this binary? Is there an alternative that uses the power of the market rather than relying on coercive measures? If we assume that if energy sources were equally cost-effective and reliable, the obvious choice would be to invest in those that are renewable and that have the lowest negative impacts. The issue would then be how do you make renewable energy cost-effective and reliable. The answer is counterintuitive: meet what those who promote fossil fuels want - facilitate energy abundance. Troy Cross thinks this is how Bitcoin can help bridge the divide, enable a rapid transition to renewable sources, whilst ensuring the world's population can flourish.
“The best new idea I've come across… it's a market-based, voluntary, bottom-up mechanism to resolve individual qualms around sustainability relating to ownership of bitcoin.”— Nic CarterNic Carter is a Partner at Castle Island Ventures, and Troy Cross is a Fellow at the Bitcoin Policy Institute. In this interview, we discuss Bitcoin mining as an ESG offset and how Bitcoin miners could be the frontier of energy development whilst helping nations attain energy sovereignty. - - - - The two extremes of the climate change debate are engaged in a zero-sum game. For some, the existential threat of climate change requires humans to rapidly transition to energy production 100% derived from renewable sources. A particular contingent believes a transition is required by force: a carbon tax to dissuade investment in fossil fuels and a degrowth agenda to enable society to prioritise the use of more limited but sustainable energy sources.The counterargument is that catastrophic climate change isn't inevitable. Therefore, whilst there are insufficient cost-effective and reliable renewable energy sources, constraining the use of fossil fuels is a dangerous dogma that risks preventing vast swathes of the world from being able to escape poverty. Does the argument need to be this binary? Is there an alternative that uses the power of the market rather than relying on coercive measures?If we assume that if energy sources were equally cost-effective and reliable, the obvious choice would be to invest in those that are renewable and that have the lowest negative impacts. The issue would then be how do you make renewable energy cost-effective and reliable. The answer is counterintuitive: meet what those who promote fossil fuels want - facilitate energy abundance. Troy Cross thinks this is how Bitcoin can help bridge the divide, enable a rapid transition to renewable sources, whilst ensuring the world's population can flourish. This episode's sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingLVL - Bank on BitcoinBCB Group - Global digital financial Services-----WBD481 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Nic Carter is a Partner at Castle Island Ventures and co-founder and Chairman of Coin Metrics. In this interview, we discuss the seizure of Russian Central Bank assets by the G7, the demise of US hegemony, and a multipolar multi-reserve world. - - - - Whilst it is arguable whether America's geopolitical reach can be classed as an empire, the decline of its hegemonic power is compared to the passing of great empires of the past. Such analysis shows that there are no fixed dates to assign to the actual fall of empires; declines are marked by a prolonged unwinding of influence and cohesiveness. Nevertheless, the atrophying of empires are signposted by critical dates: the sacking of Rome by the Visigoths in 410; the humiliation of Britain caused by the 1956 Suez Crisis; the symbolic impact on the USSR of the fall of the Berlin wall on November 9th 1989. Currently, we are living through equally tumultuous times, and February 26th 2022 may be one such date for the history books. It was when the G7, led by the US, seized $630B of Russia's foreign reserves. With the grim humanitarian impacts of the Ukraine Russia conflict being witnessed on a daily basis, this seemed like an appropriate non-violent measure. However, its scale and likely impact is and will be unprecedented. The role of the US dollar has been eroded over the past few decades as economic sanctions have been increasingly deployed as a coercive tool of power. Nevertheless, the G7 freezing Russian access to its foreign assets is a crossing the Rubicon moment. No longer will the US dollar be a unifying store of value across the world. The ramifications are huge.
“Right now the integrity of the dollar is in question, people don't trust US power, US is withdrawing from the international sphere, the international institutions we set up in 1944 are fraying; nobody really trusts them anymore.”— Nic CarterNic Carter is a Partner at Castle Island Ventures and co-founder and Chairman of Coin Metrics. In this interview, we discuss the seizure of Russian Central Bank assets by the G7, the demise of US hegemony, and a multipolar multi-reserve world.- - - - Whilst it is arguable whether America's geopolitical reach can be classed as an empire, the decline of its hegemonic power is compared to the passing of great empires of the past. Such analysis shows that there are no fixed dates to assign to the actual fall of empires; declines are marked by a prolonged unwinding of influence and cohesiveness. Nevertheless, the atrophying of empires are signposted by critical dates: the sacking of Rome by the Visigoths in 410; the humiliation of Britain caused by the 1956 Suez Crisis; the symbolic impact on the USSR of the fall of the Berlin wall on November 9th 1989. Currently, we are living through equally tumultuous times, and February 26th 2022 may be one such date for the history books. It was when the G7, led by the US, seized $630B of Russia's foreign reserves.With the grim humanitarian impacts of the Ukraine Russia conflict being witnessed on a daily basis, this seemed like an appropriate non-violent measure. However, its scale and likely impact is and will be unprecedented. The role of the US dollar has been eroded over the past few decades as economic sanctions have been increasingly deployed as a coercive tool of power. Nevertheless, the G7 freezing Russian access to its foreign assets is a crossing the Rubicon moment. No longer will the US dollar be a unifying store of value across the world. The ramifications are huge.This episode's sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Ledger - State of the art Bitcoin hardware walletCompass Mining - Bitcoin mining & hostingLVL - Bank on BitcoinBCB Group - Global digital financial Services-----WBD476 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
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 it's role in relationship to stable coins, gold, and the US dollar.
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