Nic Carter, partner at Castle Island Ventures, discusses the significance and potential growth of crypto dollars. He explores the role of stablecoins in weaving global financial networks, their use cases in liquidity and remittances, the history and backing of Eurodollars, and the rise of stablecoins in democratizing global dollars. The chapter also touches on yield differentials in stablecoins, stablecoin innovation, and the potential for stablecoins to create an alternative to correspondent banking.

Taproot was the trojan horse that opened the door to a new wave of Bitcoin innovation and culture. At the forefront of this culture are Udi, Eric, and Nic, the taproot wizards causing a shift in the world of Bitcoin. ------ 📣 CONSENSYS | DILIGENCE FUZZING https://bankless.cc/diligence-fuzzing-pod ------ 🚀 Airdrop Alpha is waiting for you on Bankless.com  https://bankless.cc/Alpha  ------ BANKLESS SPONSOR TOOLS:  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader  🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ----- Timestamps: 0:00 Intro 6:19 Introducing the Taproot Wizards 12:00 Rejected From Bitcoin Conferences 17:17 Meme and Culture Layer of Bitcoin 23:55 Taproot Was a Trojan Horse 30:28 Are Ordinals Good For Bitcoin Bags? 35:11 How Ordinals Have Changed Public Perception 41:27 A Bitcoin Civil War 47:14 "We Broke Bitcoin" 53:42 Addressing Bitcoin Media  1:04:15 Are David and Ryan Bitcoiners? 1:05:27 Closing and Disclaimers ------ Resources: Nic Carter https://twitter.com/nic__carter  Eric Wall https://twitter.com/ercwl  Udi Wertheimer https://twitter.com/udiWertheimer  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Nic Carter, an entrepreneur and advisor in the Bitcoin space, discusses vital monetary trends that everyone must grasp for financial security. He emphasizes the impact of inflation on personal finance, suggesting that understanding this dynamic is crucial. Carter also explores the functions of Bitcoin versus fiat money, highlighting Bitcoin's role in wealth preservation. Additionally, he addresses the widening wealth gap caused by monetary policies and how digital currencies like Bitcoin can empower consumers amidst these changes.

Nilay Patel interviews two experts on different sides of the bitcoin argument: a bitcoin investor and bitcoin skeptic.The investor is Nic Carter. He’s a general partner at Castle Island Ventures, which funds startups that are building on top of the bitcoin infrastructure to make payments more accessible — basically, making sure bitcoin can function like a currency.The skeptic is Steve Hanke. He is a professor of Applied Economics at Johns Hopkins University, senior fellow and director of the Troubled Currencies Project at the Cato Institute, a former member of President Ronald Reagan’s Council of Economic Advisers, and was the president of Toronto Trust Argentina in Buenos Aires when it was the world’s best performing mutual fund in 1995. He has also advised other countries on how to deal with hyperinflation and how to stabilize currencies.Nilay asks them both questions about bitcoin’s place in the market and pushes them on the shakier parts of their arguments. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gary Gensler, SEC Chair, faced intense bipartisan questioning about crypto regulation, shedding light on the government's stance. Nic Carter revealed alarming insights on ChokePoint 2.0, discussing its potential legal implications for the crypto space. They also dissected China's significant economic stimulus and how it might influence global markets and cryptocurrency as a hedge against inflation. With Eigenlayer's token unlock on the horizon, the discussion highlighted key moments from Solana's Breakpoint Conference, making for a thrilling ride through crypto's current landscape.

Crypto OG Nic Carter discusses the rise of stablecoins, misconceptions about Tether, US regulation, the impact of stablecoins on L1 tokens, the overemphasis on scarcity in crypto, and the most over/underrated sectors. Predictions include USD dominance, interest-bearing stablecoins, and BRICS coin.

Nic Carter, a cryptocurrency expert specializing in stablecoins, joins the hosts for a deep dive into current crypto challenges. They explore Operation Chokepoint 2.0, examining its impact on regulatory pressures. Nic shares insights on the fallout from Silvergate Bank's collapse and discusses the shift of innovation to international hubs. The conversation also touches on stablecoin adoption in emerging markets, particularly in Nigeria and India, and the role of banks in supporting this digital currency revolution.

Nic Carter is a financial researcher, investor, writer, and podcaster on topics of decentralized finance. Please support this podcast by checking out our sponsors: – The Information: https://theinformation.com/lex to get 75% off first month – Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil – Four Sigmatic: https://foursigmatic.com/lex and use code LexPod to get up to 60% off – Blinkist: https://blinkist.com/lex and use code LEX to get 25% off premium EPISODE LINKS: Nic’s Twitter: https://twitter.com/nic__carter Nic’s Website: https://niccarter.info/ Nic’s Blog: https://medium.com/@nic__carter Nic’s Podcast: https://onthebrink-podcast.com/ PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: – Check out the sponsors above, it’s the best way to support this podcast – Support on Patreon: https://www.patreon.com/lexfridman – Twitter: https://twitter.com/lexfridman – Instagram: https://www.instagram.com/lexfridman – LinkedIn: https://www.linkedin.com/in/lexfridman – Facebook: https://www.facebook.com/lexfridman – Medium: https://medium.com/@lexfridman OUTLINE: Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) – Introduction (13:05) – Can humans fully understand reality? (15:34) – The dollar system (21:44) – Bitcoin (23:19) – Opendime (27:22) – Core values of Bitcoin (35:51) – Who is Satoshi Nakamoto? (41:39) – How Bitcoin works (50:02) – Bitcoin blocksize wars (1:02:27) – Layered scaling of Bitcoin (1:07:25) – Lightning network (1:10:25) – Schnorr/Taproot update to Bitcoin (1:15:17) – Criticisms of Bitcoin (1:25:04) – Bitcoin failure modes (1:33:07) – Bitcoin vs Ethereum (1:37:03) – Vitalik Buterin (1:39:56) – Creative destruction (1:44:51) – Future of Bitcoin (1:48:38) – Tesla, Elon Musk, and Dogecoin (1:56:44) – NFTs (2:04:00) – Bitcoin maximalism (2:10:37) – On writing (2:16:37) – Writing a book on Bitcoin (2:21:07) – Bitcoin resources (2:23:57) – Book recommendations (2:25:56) – Advice for young people (2:29:13) – Meaning of life

Writer, VC, and podcaster Nic Carter joins us to talk about Balaji's bet, Operation Chokepoint 2.0, and the Fed's financial crisis.If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/zen We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.RECOMMENDED PODCAST:The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord.https://link.chtbl.com/hrhereticsPodcast Info:(0:00) Intro(3:00) Reflections on Balaji episode (10:00) Coinbase and SVB(14:00) Sponsors(15:00) Operation chokepoint 2.0(16:45) We find out the reason for Antonio’s circumcision(25:00) Crypto banking crisis(36:00) How much of crypto is new?(38:40) Main benefits of crypto (47:20) Finance is politicized (55:00) Defining a CDBC(1:02:00) Nic’s biggest crypto beef(1:07:30) Nic’s take on Balaji’s bet(1:12:30) Why crypto should vote republicans next election(1:19:30) We’re in a financial crisis caused by the fed(1:20:30) Our options for addressing the crisis(1:27:00) If we were kings for a day how we’d solve it(1:28:50) Nic would rather cut rates than raise rates(1:30:00) AI is the U.S.’s main hopeSPONSORS: Beehiiv | Shopify | Netsuite | SecureframeHead to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 to https://Beehiiv.com and use code “MOZ” for 20% off your first three months-Shopify: https://shopify.com/momentofzen for a $1/month trial periodShopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of all e-commerce in the US. And Shopify’s the global force behind Allbirds, Rothy’s, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries. From their all-in-one e-commerce platform, to their in-person POS system – wherever and whatever you’re selling, Shopify’s got you covered. With free Shopify Magic, sell more with less effort by whipping up captivating content that converts – from blog posts to product descriptions using AI. Sign up for $1/month trial period: https://shopify.com/momentofzen-NetSuite: http://netsuite.com/zen NetSuite provides financial software for all your business needs. More than thirty-six thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: http://netsuite.com/zen and defer payments of a FULL NetSuite implementation for six months.-Secureframe (www.secureframe.com)Secureframe is the leading all-in-one platform for security and privacy compliance. Get SOC-2 audit ready in weeks, not months. I believe in Secureframe so much that I invested in it, and I recommend it to all my portfolio companies. Sign up for a free demo and mention MOMENT OF ZEN during your demo to get 20% off your first year.

1st Week of December 2022 ------ 📣 OPOLIS | Sign Up to Get 1000 $WORK and 1000 $BANK https://bankless.cc/Opolis  ------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/?utm_source=banklessshowsyt  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  ❎ ACROSS | BRIDGE TO LAYER 2 https://bankless.cc/Across  🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave  💠 NEXO | CRYPTO FINANCIAL HUB https://bankless.cc/Nexo  🔐 LEDGER | NANO HARDWARE WALLETS https://bankless.cc/Ledger  ⚡️FUEL | THE MODULAR EXECUTION LAYER https://bankless.cc/Fuelpod  ------ Topics Covered: 0:00 Intro 5:00 MARKETS 7:15 Bottom Signals BTC Miners - https://twitter.com/JMellerud/status/1597982600026812417  BTC Selling - https://twitter.com/WClementeIII/status/1597335293669281794  10:04 DCG is Fine https://twitter.com/twobitidiot/status/1598020947558424577  11:30 Everything Has Broken https://twitter.com/PhilJBonello/status/1598030847197999104  14:50 Layer 2 Fundamentals Gas - https://twitter.com/mhonkasalo/status/1595184793687392258  Arbitrum - https://twitter.com/alpha_pls/status/1596555331022327808  Hop - https://twitter.com/HopProtocol/status/1598135808841904129  GMX - https://twitter.com/Delphi_Digital/status/1597638205469523969  17:40 Multicoin https://twitter.com/TrustlessState/status/1589661220168425473  25:00 SBF Interviews Puff Piece - https://twitter.com/iamDCinvestor/status/1598101062623584257  Dealbook - https://twitter.com/The_Real_Fly/status/1598094222829457409  Sorry - https://twitter.com/greg_price11/status/1598076288371417090  Lawyers - https://twitter.com/AutismCapital/status/1598081996659445761  38:00 Good Morning America - https://twitter.com/ColdBloodShill/status/1598304365239943168  44:55 Reactions Bill Ackman - https://twitter.com/BillAckman/status/1598086237969338368  Novo - https://twitter.com/SquawkCNBC/status/1598306172792078337  Nic Carter - https://twitter.com/nic__carter/status/1598325930476331008  Balaji - https://twitter.com/balajis/status/1598269526189088771  Bloomberg - https://twitter.com/business/status/1597994892894117888  48:52 BlockFi Chapter 11 https://www.businesswire.com/news/home/20221128005451/en/  Explainer - https://twitter.com/ayko2718/status/1597432454070956032  55:10 MetaMask Privacy Policy https://thedefiant.io/consensys-metamask-privacy-policy  Lubin Statement - https://twitter.com/ethereumjoseph/status/1596198718339948552  57:30 This is the Meta https://twitter.com/danfinlay/status/1596205416089718790  1:01:10 Bankless Acquires Earnifi https://newsletter.banklesshq.com/publish/post/84722084  1:07:00 Ethereum Infrastructure Casa - https://twitter.com/CasaHODL/status/1597954403994021888  Phantom Wallet - https://twitter.com/phantom/status/1597597365774749697  Trader Joe - https://twitter.com/traderjoe_xyz/status/1598331093559681025  1:09:25 Ethereum Censorship https://twitter.com/hasufl/status/1598197501064249344  1:11:00 Aave Pausing Markets https://app.aave.com/governance/proposal/?proposalId=121  1:12:00 Bankless Collectibles https://market.bankless.com/ 1:13:15 Cockpunch https://twitter.com/cockpunch/status/1597691791842893824  1:13:45 OpenSea Royalties https://www.theblock.co/post/190900/opensea-nft-creators-earned-1-billion-royalties  1:14:40 Telegram Wallets https://twitter.com/ton_blockchain/status/1585675010970107905  1:16:18 Fidelity Trading Accounts https://www.kitco.com/news/2022-11-29/Fidelity-Crypto-is-a-go-4-5-trillion-firm-launches-retail-crypto-trading.html  1:17:24 Proof of Reserves https://twitter.com/binance/status/1596115656059109377  1:18:28 Binance Recovery Fund https://decrypt.co/115485/binance-eyes-1-billion-raise-crypto-recovery-fund-could-buy-ftx-assets  1:19:10 Kraken Layoffs https://twitter.com/BradyDale/status/1597990850096926720  1:19:38 Uniswap NFT Aggregator https://twitter.com/Uniswap/status/1597953698449494022  1:20:40 Stripe Onramp https://twitter.com/stripe/status/1598361957836279809  1:21:13 Ledger Debit Card https://blockworks.co/news/ledger-rolls-out-crypto-life-debit-card-across-uk-and-europe  1:21:48 Jobs https://pallet.xyz/list/bankless/jobs  1:24:00 Questions from the Nation https://twitter.com/TIME3dash/status/1598350634058600455  1:26:05 Spotify Wrapped https://twitter.com/banklesshq/status/1598066954878980096  1:27:20 The Bankless GOAT  https://twitter.com/thefakeshippy/status/1598064038243880961  1:28:40 Bear Market Opportunities https://twitter.com/Zeneca_33/status/1596218000205844481  1:29:42 Governance Rights https://twitter.com/VitalikButerin/status/1597570120456769536  1:32:00 Ashes to Ashes https://twitter.com/pythianism/status/1598059988290654208  1:32:50 What David’s Bullish On 1:35:00 What Ryan’s Bullish On 1:37:40 MEME of the Week https://twitter.com/amasad/status/1595879076136333312  ----- Not financial or tax advice. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures