Author: Nic Carter | Bitcoin Audible

Nic Carter

Setting the Record Straight [Nic Carter]

“I’m going to clear things up here because most of the people piling on were deeply confused about me, my firm, and what I do. And yes, I’m including some choice words for the self-described Bitcoin maximalists. You asked for it. You got it.” – Nic Carter Nic takes to his medium page to denounce […]

Noahbjectivity on Bitcoin Mining

"...And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other sources of stranded and nonrival energy sources globally. Suffice to say, there’s enough nonrival energy out there to run Bitcoin many times over. It’s just a matter of deploying hashrate in the right locations, which miners are doing — aggressively." - Nic Carter

The Hard Forks that Didn’t Dilute Bitcoin

"If any of these forks had meaningfully gained ground relative to Bitcoin, the critics would have had a point. What’s the point of a monetary network which is undergoing a constant state of fragmentation?" - Nic Carter

Bitcoin at 12

"I believe Bitcoiners have this in common. They recognize that they have undertaken a near-hopeless task. Creating a global, neutral, apolitical settlement medium and standard of value will not happen overnight. We have barely begun the project." - Nic Carter

The Last Word on Bitcoin’s Energy Consumption

"If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend." - Nic Carter

Don’t Fear the Reaper

"Bitcoin’s supply schedule cannot change, because Bitcoin is the supply schedule. Any alteration produces something that is decidedly non-Bitcoin." - Nic Carter

Twitter Hack & The Need for a User-Owned Internet

“Trusted third parties are security holes” isn’t just a slogan; it’s a concept that millions of people will have intuitively grasped for the first time yesterday." - Nic Carter

Introduction to the Efficient Market Hypothesis for Bitcoiners

"So is the halving “priced in” or will it be a catalyst for appreciation? [...] I consider it patently absurd that a change in issuance would have been overlooked by the price-setting entities." - 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

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?

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.

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.

Revolution in the Protocol, A Response to Nic Carter’s Peaceful Revolution

Today we have a follow up to Nic Carter's excellent piece on Medium, A Most Peaceful Revolution.

How to Scale Bitcoin Without Changing a Thing – Parts 1-2

Even with #Bitcoin, are we destined for a future with intermediated payments? Will that give us a different color of the same system we're stuck with today, or will Bitcoin still prove to be a revolution in financial trust? Lets dig deeper into the objections to Bitcoin Banks in Part 2 of @nic__carter's "How to Scale Bitcoin (without changing a thing)."

Bitcoin’s Existential Crisis

"If you build a system meant by its very nature to dis-intermediate third parties and exist independent of governments and legal systems, you have an identity problem." -Nic Carter

How to Critique Bitcoin: A Guide

"You’ve heard of Bitcoin. You do not like it... It relies on curious, antiquated ideas like sound money, peer-to-peer networking, the abolition of seignorage, and censorship-resistance. It is profoundly distasteful." -Nic Carter

Media Coverage of Bitcoin is Still a Total Disaster

“I’m going to expose the Washington Post/Wonkblog piece for the nonsensical ramble that it is… in short, it relies on mistaken assumptions to paint a misleading picture of the world.” -Nic Carter

Visions of Bitcoin

Many different and often conflicting ideas of what Bitcoin is, and what it's future should be, have emerged throughout the years. Here @nic_carter's and @hasufl's exploration of past, present, and future narratives that molded Bitcoin into what it is today.