Questioning the Obsession with Blockchains and On-Chain Governance with Nic Carter

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Money might be the only case where you desparately need to radically decentralise the set of people who can create and have influence over the creation schedule.
— Nic Carter

Interview location: Skype
Interview date: Wednesday 10th October 2018
Company: Castle Island Ventures
Role: Partner

Union Square Ventures posted a blog post this week titled The Myth of the Infrastructure Phase, shining a light on the imbalance between infrastructure work in crypto and DApp usage. There is an abundance of blockchain scaling projects, alternative currencies and governance protocols but a distinct lack of users. Why is this? Are people solving problems which do not exist? Is this a speculative land grab? How will this all play out?

In this interview, I talk to Nic Carter, a partner at Castle Island Ventures, who invest in equity deals for companies building on public blockchains, specifically Bitcoin.

We question a number of crypto related topics including::

  • Token models

  • The obsession with blockchains

  • What is the point of on-chain governance

  • Whether the web 3.0 stack is a thing

  • Mining centralisation

  • Bitcoin privacy

  • Realised cap as an economic model for Bitcoin

 

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SPONSORS

Hedera Hashgraph

Hedera Hashgraph will be hosting an international hackathon starting this Monday, October 15th.

Winners will be awarded a combination of cash and Hedera tokens, and the potential to have their project incubated and deployed on the Hedera Hashgraph public network! The Global Winning Team will be awarded $50,000 - 1st Place Regional winning team gets $10,000, 2nd Place - $7,000, and 3rd place $3,000. Very exciting stuff!

The “Hedera18 Hackathon” is the first global, decentralised hashgraph hackathon, bringing together developers from around the world and will be hosted in:

  • Dallas

  • San Francisco

  • London

  • Paris

  • Tel Aviv

  • Moscow

  • Bangalore

  • Singapore

This two-day hackathon starts at 8am local time to each region and finishes at 6.30pm the following day.

Featuring teams of up to 10 people, each team will work on building next-generation decentralized applications that showcase the power of Hedera Hashgraph’s practical micropayment functionality.

For more information, please visit www.hedera18.com/hackathon to see if an eligible city is near you! Again, that's www.hedera18.com/hackathon."

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THANKS

A big thanks to my WBD Maximalist Patrons for helping support the show: JP Petit, Logan Shultz, Seb Walhain, Steve Foster and Tony Rousmaniere.