Bankless SotN#5 - HEDGED (WHERE INFLATION, CRYPTODOLLAR BAN, COINBASE IPO + SPECIAL GUEST!)
Jul 14, 2020
Nic Carter, Founder of Castle Island Ventures, shares deep insights on cryptocurrencies and inflation. He explores the current inflation landscape, raises concerns about potential cryptodollar bans, and discusses the implications of the Coinbase IPO for the crypto industry. Humorously dissecting generational differences, he advocates for innovative solutions like Bitcoin to combat economic challenges and highlights the complexities of fiat-backed stablecoins amid heightened regulation. Join the conversation on shaping the future of decentralized finance!
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Episode notes
Inflation Debate Meme
- The "American Chopper" meme illustrates the inflation debate.
- It highlights the disagreement on what constitutes inflation and how to measure it.
CPI and Inequality
- The official CPI metric often feels artificially low, especially for young people burdened by high costs.
- It excludes crucial expenses like education, healthcare, and financial assets.
Bitcoin as a Fix
- Bitcoin can theoretically fix inflation by acting as a stable unit of account.
- It also offers an alternative savings mechanism not yet manipulated by central banks.