Bankless 16 - What's an Etherean? | Nic Carter
Jun 8, 2020
Nic Carter, co-founder of Castle Island Ventures and CoinMetrics, dives deep into the cryptocurrency realm with sharp insights. He explores what it means to be an 'Etherean' and passionately discusses the implications of stablecoins for Ethereum. The conversation weighs the balance of decentralized finance versus traditional banking while reflecting on individual sovereignty amidst social protests. Additionally, Carter shares his thoughts on the evolving philosophies of Bitcoin and Ethereum, all while critiquing the role of property rights in the crypto space.
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Defining a Bitcoiner vs. Etherean
- A Bitcoiner believes in Bitcoin's core values, like monetary commodities outside state control and property rights.
- Owning Ethereum doesn't necessarily make one an Etherean, as its values are less defined than Bitcoin's.
Ethereum's Evolving Values
- Ethereum's value system is still evolving and becoming more like Bitcoin's, emphasizing monetary value and slower governance.
- Focus has shifted to actively ensuring Ether's value, similar to Bitcoin's focus.
Shifting Narratives
- Narratives of cryptocurrencies evolve, like Bitcoin's shift from peer-to-peer cash to digital gold.
- Ethereum might see a similar forking out of those who disagree with its evolving direction, creating "ETH killers".