《Why I Don't Regret Spending 8 Years in the Crypto Industry?》
Recently, in response to Ken Chang's criticism that "cryptocurrency is a casino," Nic Carter, a partner at Castle Island Ventures, wrote an article. He acknowledged that the related reflections are not without reason, but emphasized that one cannot generalize; the crypto industry has diverse and profound development goals.
Nic Carter pointed out that the crypto industry does not exist in a single dimension but continuously evolves along multiple important paths. It is committed to building a sound monetary system, with the emergence of Bitcoin providing people with a decentralized, censorship-resistant digital currency option that challenges the monopoly of traditional finance; the development of smart contracts makes automated transactions without third-party trust possible, greatly expanding the application scenarios in finance and commerce; the exploration of digital property rights provides secure and transparent solutions for the ownership and trading of digital assets; in enhancing the efficiency of capital markets, the crypto industry has reduced transaction costs and improved market liquidity through innovative technological architectures; financial inclusion is also an important mission, allowing those unable to access traditional financial services globally to participate in financial activities.
Of course, there are indeed speculation and bubbles in the crypto field, which are side effects of the development of financial technology. However, we cannot throw the baby out with the bathwater; stablecoins play an important role in cross-border payments and value storage, Bitcoin has become akin to digital gold, and decentralized exchanges (DEX) provide users with a freer and safer trading environment, all of which demonstrate the real value of the crypto industry.
Nic Carter believes that the industry should maintain pragmatic optimism under realistic constraints. Despite facing many challenges and doubts, the crypto industry is gradually maturing. Reflecting on his 8 years in the crypto industry, Nic Carter does not regret his choice and firmly believes that the industry will create more possibilities in the future.
