Tag: Nic Carter

The Cat is Out of the Bag

“Unlike Paypal, Venmo, or traditional payment processors, it cannot deplatform you for wrongthink, holding subversive political views, being a sex worker, or legally selling cannabis. Ours is the biggest possible tent. Don’t be distracted by the online discourse. Bitcoin is utterly indifferent to the political views of its users.” – Nic Carter

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Unpacking Bitcoin’s Assurances

We make claims about Bitcoin’s assurances all the time.  It is censorship resistant, it’s open and permissionless, it’s counterfeit proof, etc.  But are these things entirely true? When someone wants to acquire, use, or validate Bitcoin, how well do the claims match reality?

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Transaction Count is an Inferior Measure

To think of the value of a global, jurisdiction-less, “money-for-enemies” network as nothing more than the result of how many transactions it can do on the base layer, is to miss the point entirely. The difference between the payments systems and settlement systems of the world, their degree of assurances, and the desirable characteristics of their operation are often diametrically opposed.

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A Most Peaceful Revolution

Today we read a veritable Bitcoin Manifesto on a fundamental truth of Bitcoin’s nature, the challenge it poses to the state, the atrocities it seeks to dismantle, the hubris of alternatives, its promethean origins, the values it codifies, the role its already playing, and its patient unstoppable advancement.

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