Nic Carter: Bitcoin Core Values, Layered Scaling, and Blocksize Debates | Lex Fridman Podcast #173

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:   / nic__carter   Nic's Website: https://niccarter.info/ Nic's Blog:   / 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/ Full episodes playlist:    • Lex Fridman Podcast   Clips playlist:    • Lex Fridman Podcast Clips   OUTLINE: 0:00 - Introduction 7:57 - Can humans fully understand reality? 10:26 - The dollar system 16:36 - Bitcoin 18:12 - Opendime 22:14 - Core values of Bitcoin 30:43 - Who is Satoshi Nakamoto? 36:31 - How Bitcoin works 44:54 - Bitcoin blocksize wars 57:19 - Layered scaling of Bitcoin 1:02:17 - Lightning network 1:05:17 - Schnorr/Taproot update to Bitcoin 1:10:10 - Criticisms of Bitcoin 1:19:56 - Bitcoin failure modes 1:27:59 - Bitcoin vs Ethereum 1:31:55 - Vitalik Buterin 1:34:49 - Creative destruction 1:39:43 - Future of Bitcoin 1:43:30 - Tesla, Elon Musk, and Dogecoin 1:51:36 - NFTs 1:58:52 - Bitcoin maximalism 2:05:29 - On writing 2:11:30 - Writing a book on Bitcoin 2:16:00 - Bitcoin resources 2:18:49 - Book recommendations 2:20:48 - Advice for young people 2:24:05 - Meaning of life SOCIAL: Twitter:   / lexfridman   LinkedIn:   / lexfridman   Facebook:   / lexfridman   Instagram:   / lexfridman   Medium:   / lexfridman   Reddit:   / lexfridman   Support on Patreon:   / lexfridman