I'm preparing for my camp fire at UTXO conf about #bitcoin maximalism. Something tell me I will be roasted there 😄 Could you post some interesting articles about this topic down in the comment?
For example, this one is masterpiece: https://blog.lopp.net/history-of-bitcoin-maximalism/
Also some view from the other side against maximalism would be helpful 👌
When explaining and embracing the need for maximalism towards more experienced cryptocurrency users, I use the following arguments: the vast majority of shitcoins either have no use case at all, lost it a long time ago (LTC) changed it a thousand times to match the current buzzwords (like ETH and others), or are looking for problems where there are none.
Our biggest problem is that we are stuck with fiat money. Once we fix that, we can start looking at what else needs fixing - and Bitcoin can naturally fix a lot. Why?
99% of humanity's problems arise from the structure of bad incentives, misallocation of capital, and a mindset of needing to beat the system to survive. Often, people turn to scams like shitcoins and other get-rich-quick schemes. In its essence, a shitcoin is nothing more than the Cantillon Effect in the private sector - replacing the central bank with oneself... but the principle works exactly the same.
If hyperbitcoinization occurs, these problems will naturally disappear, along with any use case for shitcoins - for creators and users alike.
Yes, there will likely still be fraud, hacks, etc. because we will always have "haves" and "have-nots" to some extent... but at least it will be eliminated directly from the layer of money creation.
Any shitcoin, by its very existence, slows down hyperbitcoinization and for that reason must be removed from the path [Warhammer 40k BURN THE HERETICS feeling intensifies]
One thing I want to add: there is no shitcoin ponzi scheme possible on Bitcoin because it’s immutable and unchangeable. That is why every shitcoin desperately tries to some extent disprove Bitcon thesis.
Wheter it be the PoW, move slow, don’t break things, conservatism,…
Move slow and don't break things....exactly the opposite of startups in Silicon Valley, yes!
Great points, thank you. Let's think about it..in case of money, where I can pay with eth in Czech? I think nowhere. What books about ETH were translated and release as paperbook? None (Mastering Ethereum from A. Antonopulos was translated, I think, but that's all). What about local eth meetups? Only Paralelni polis has some and Tree is pretty active, but the rest of the community do nothing against bitcoiners and meetup in Pilsen, Beroun, Brno, Olomouc and České Budějovice. The community is the important part and our message is about truly independent and honest financial system. Eth just pointing to profit, airdrops and pictures. It hasn't any real usecase in the world right now.
I don't wanna pointing only to ETH, but this will be the main clash on camp fire :D I just want to be ready.
Btw, you have probably read this translation of famous article called “Universe wants one money”.
https://www.bitperia.cz/clanky/vesmir-chce-jedny-penize.html
Yes, I did, but thanks anyway ;)
