Skip to content
Subscriber Only
Markets
Odd Lots

Transcript: The Bitcoin VC Who Just Infuriated The Bitcoin World

Nic Carter, general partner of Castle Island Ventures, during the Bitcoin 2022 conference in Miami, Florida, U.S., on Friday, April 8, 2022. 

Nic Carter, general partner of Castle Island Ventures, during the Bitcoin 2022 conference in Miami, Florida, U.S., on Friday, April 8, 2022. 

Photographer: Eva Marie Uzcategui/Bloomberg

If you've ever interacted with hardcore Bitcoin maximalists you might find some of them, at least, to be... abrasive. And it's not just no-coiners who are the target of their scorn. The real enemies are ex-maxis, who are viewed as apostates. Nic Carter, a co-founder and GP at the VC firm Castle Island Ventures, has been a longtime Bitcoiner. He has been in the sapce for a long time. He is a prolific writer. He has extolled the monetary case for Bitcoin. And he's defended the environmental aspects of mining. But he also recently revealed an investment in a non-Bitcoin crypto company that's made him a persona non-grata in the laser eyes world. On this episode, he talks about the world of Bitcoin maximalists, why he is investing elsewhere, what they get wrong, the toxicity of their culture, and also why in spite of it all, he still considers himself a Bitcoiner. Transcripts have been lightly edited for clarity.

The Bitcoin VC Who Just Infuriated Th...