Bitcoin bites the bullet

Some of its most puzzling tradeoffs explained

Nic Carter
Jun 19 · 16 min read

Managed/unmanaged exchange rates

The ‘impossible trinity’ of monetary economics

Uncapped/capped supply

Frequent/infrequent hard forks

Discretionary/nondiscretionary monetary policy

Unbounded/bounded block space

Bytes transmitted on chain per day in Bitcoin (red) vs BSV (orange). Coinmetrics
Slide from my talk at the MIT Bitcoin Expo: video here
Daily fees (USD) paid to miners for a variety of top blockchains. Coinmetrics

Nic Carter

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Partner, Castle Island Ventures. Cofounder,