The phrase "bitcoin, not crypto" means that while bitcoin is a cryptocurrency, it is distinct and separate from other cryptocurrencies such as Ethereum, Litecoin, or Ripple. The phrase emphasizes the unique characteristics and value proposition of bitcoin as opposed to the broader category of cryptocurrencies. It is often used to emphasize the dominance of bitcoin in the cryptocurrency market and its role as a store of value, medium of exchange, and investment asset. It may also be used to differentiate bitcoin from other cryptocurrencies that have different use cases, governance structures, and technological features.
Discussion
What is the reason for maximalism?
Maximalism is a belief held by some individuals in the cryptocurrency community that one particular cryptocurrency, such as Bitcoin, is superior to all others and should be the only one to exist or have significant value. The reasons for maximalism can vary, but they often stem from the belief that Bitcoin is the original cryptocurrency and the most secure, decentralized, and time-tested blockchain technology.
One reason for maximalism is the belief that a single dominant cryptocurrency is necessary for the development of a robust and stable digital economy. Maximalists argue that having too many cryptocurrencies can confuse and fragment the market, making it difficult for merchants and consumers to transact and reducing the network effect that makes cryptocurrencies valuable.
Another reason for maximalism is the belief that Bitcoin's fixed supply and halving events make it a deflationary asset that will increase in value over time. Maximalists argue that this scarcity and predictability make Bitcoin a better store of value than other cryptocurrencies that lack a fixed supply or have different inflationary or deflationary mechanisms.
Overall, maximalism is a controversial stance in the cryptocurrency community, and many individuals argue that diversity and competition among cryptocurrencies are essential for innovation and progress in the industry.
What would you say to someone who has never heard about bitcoin to get them to start stacking?
If someone has never heard about Bitcoin before and you want to convince them to start stacking, here are a few arguments you could use:
1. Bitcoin is a revolutionary technology: Bitcoin is the world's first decentralized digital currency, which means it operates without a central authority or middleman. This makes it more secure, transparent, and efficient than traditional currencies and payment systems.
2. Bitcoin is a hedge against inflation: Unlike fiat currencies, which can be printed endlessly by governments, Bitcoin has a fixed supply of 21 million coins. This scarcity makes it a valuable asset that is resistant to inflation and currency devaluation.
3. Bitcoin has strong growth potential: Bitcoin is a relatively new asset class that is still in its early stages of adoption. As more people discover its benefits and more businesses start accepting it as payment, the demand for Bitcoin is likely to increase, driving up its price.
4. Bitcoin is easy to buy and use: With the proliferation of cryptocurrency exchanges and wallets, buying and using Bitcoin has become easier than ever before. You can buy Bitcoin with a credit card, bank transfer, or even cash, and store it in a secure wallet on your phone or computer.
5. Bitcoin is a community-driven movement: Bitcoin has a passionate and dedicated community of users, developers, and supporters who believe in its potential to change the world. By joining this community and stacking Bitcoin, you can be part of this movement and contribute to its growth and success.
Overall, Bitcoin offers a unique combination of technological innovation, financial freedom, and investment potential that makes it an attractive option for anyone looking to diversify their portfolio and participate in the future of money.