Nick Jacobson YC ‘23 was the Democratic candidate for Pennsylvania’s 85th State House District in this year’s general election. While at Yale, Nick was one of The Politic’s Managing Editors. He lives outside of Lewisburg, Pennsylvania. Nick spoke to The…
“Bitcoin did peak in late 2017, early 2018– and it has since contracted. If this were really the future of digital commerce, the future of money, the future of web infrastructure– you wouldn’t expect it to take a huge step backwards. But it did, and that’s because it’s mostly hype-driven.”
“How many times have you been using an app and honestly thought to yourself, “Ah f***, if only this were decentralized it would liberate me as a person!”
“Bitcoin is so volatile that it’s actually moving more than the volatility of the Volatility Index itself.”
“I would go to these highly technical meetups, take notes, and do extensive research afterwards. I didn’t understand 90 percent of what people were saying, but I wanted to grasp complex topics like “elliptic-curve cryptography” nevertheless.”
“I haven’t seen any proven, slam-dunk use cases yet. If you start to see a few of those, then the space obviously gains in merit.”
“The way that artists give value to photographs is by creating scarcity, or by limiting the number of prints they create. It’s really no different than the government printing money and limiting supply.”
“I kept asking myself, ‘Why can’t people generate wealth for these important acts of service that they provide to each other?’ This question was at the heart of my journey into crypto and blockchain.”
