#173 – Nic Carter: Bitcoin Core Values, Layered Scaling, and Blocksize Debates

2:32:33

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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
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- 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