Bitcoin Maximalism at core is two very simply ideas.
1. The world only ever has one reserve currency.
2. Bitcoiners have an obligation to act morally in their dealings with others.
Discussion
#2 is really what separates us from fiat maxis
Not everyone in the world uses world reserve currency for daily purchases today. Do you think that will also be the case in a world where bitcoin is a/the world reserve?
Yes.
Everything else is run by corruptible human beings.
Bitcoin is run by incorruptible math, physics, and code.
Over a long enough time line, everything else can only eventually fail; over any time line, Bitcoin can't.
Given enough time, the choice will be Bitcoin or nothing at all (i.e. starvation).
Maybe we can leverwge the math and physics to allow for local currencies that arent so easily corrupted. Ecash?
Its an answer to elasticity concerns.
Simply â‚¿itcoin
I would expand on #1:
Maximalism happens when you come to realize that #Bitcoin was the discovery of absolute scarcity.
Because of proof of work, the distribution of coins, the 21M absolute supply cap, the disappearance of Satoshi, #Bitcoin was the perfect alignment of technologies and events that allowed bitcoin the opportunity to become the world’s reserve currency. This is when the game theory really starts.
No other crypto asset can claim to replicate bitcoin simply because bitcoin already exists. The cats out of the bag, they will never be able to distribute the coins or keep the creator anonymous, it just won’t work.
Without that, then any other crypto becomes a simple distributed database, which has limited value.
Well said
Bookmarking. Made my day!
I accept only Bitcoin as money & I respect the 3 P's:
- Privacy
- Property
- Preferences
I think you can boil it down a little more.
Bitcoin Maximalism is understanding that everyone wants your sats.