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‘œMoney might be the only case where you desperately need to radically decentralise the set of people who can create and have influence over the creation schedule.’

‘” Nic Carter

Interview location: Skype

Interview date: Wednesday 10th October 2018

Union Square Ventures posted a blog post this week titled The Myth of the Infrastructure Phase, shining a light on the imbalance between infrastructure work in crypto and DApp usage. There is an abundance of blockchain scaling projects, alternative currencies and governance protocols but a distinct lack of users. Why is this? Are people solving problems which do not exist? Is this a speculative land grab? How will this all play out?

In this interview, I talk to Nic Carter, a partner at Castle Island Ventures, who invest in equity deals for companies building on public blockchains, specifically Bitcoin.

We question a number of crypto related topics including:

  • Token models

  • The obsession with blockchains

  • What is the point of on-chain governance

  • Whether the web 3.0 stack is a thing

  • Mining centralisation

  • Bitcoin privacy

  • Realised cap as an economic model for Bitcoin

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