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David King 2y ago

i’ve never identified with the term “bitcoin maximalist”

maybe you could call me a “technology maximalist” and bitcoin is the best money technology I’ve seen

but i’m an enthusiastic proponent of the continued development of a lot of new/different technologies

if you think you’ve invented a better money, i’ll admit it’s a very high threshold to pique my interest.

so along which axis do you think you’ve got bitcoin beat?

“Durability, Portability, Divisibility, Uniformity, Limited supply, Acceptability”

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Discussion

Reed 2y ago

I am a B̵i̵t̵c̵o̵i̵n̵ Truth Maximalist

It just so happens that the truth is that bitcoin is the only crypto asset worth investing in.

I wrote about this and other truths that bitcoiners have discovered and adopted into the lifestyle of a #truthmaxi

https://habla.news/a/naddr1qqxnzd3cxg6rgvfsxuunvwp4qyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqzyqeqjtkp5fvvnukpr2d9hdfmzf72yz2p7xqrm4lkw9g9pluwnlgn5qcyqqq823cexnvv4

David King 2y ago

“I believe it also to be true that investment properties intended for yield generation come with a host of additional costs and risks that are rarely properly accounted for when assessing the value of these assets. After accounting for the probability weighted costs of evictions, seizures, taxes, maintenance, inflation, and loan interest, I find it difficult to justify these investments over bitcoin held in self-custody.”

agreed here. but i think the biggest risk is that bitcoin SoV replaces the majority of the SoV component of real estate assets when considered over a long time period (as RE is typically considered)

Reed 2y ago

Agree. Bitcoin opportunity cost is the biggest risk to any non-bitcoin investment.

David King 2y ago

great article, thanks for sharing! 🤙

Brick 2y ago

20,000+ groups copied bitcoin source code and tweaked it, but maybe they'll fix it on the 30,000th attempt. In that case the one that fixes bitcoin will become... bitcoin.

David King 2y ago

yeah, none of the 20,000 new projects attempted to beat bitcoin in any way that matters for money technology. they all diverted attention of the listener toward other non-monetary “exciting” features

Brick 2y ago

I disagree, but I'm rooting for you. Strange that they needed bitcoin to come out first and always claim to be bitcoin's competition.

David King 2y ago

what do we disagree on?

signal_and_rage 2y ago

please mail me cash to test your hypothesis out, thank you

David King 2y ago

ha, i think we may have the same hypothesis here 🧡💜

HoloKat 2y ago

This is the way. Don’t identify as anything …

David King 2y ago

just be 🤙

HoloKat 2y ago

Nobel prize for that line …

Rimbaud 2y ago

This. Ideas.

David King 2y ago

identity increases attack surface area

HoloKat 2y ago

Also introduces bias and limits into your own thinking.

Rimbaud 2y ago

These.

yutaro 2y ago

🤙💜

pukka 2y ago

🤙🏼

HODL 2y ago

You’d have to beat it on every axis by a factor of 10 to even pique my interest. Switching costs are simply too high to switch more than once every few hundred years.

Moon 2y ago

This 👆🏿It’s the combination. Not proposing to “beat” bitcoin on one or two measures will backsliding on all others…

nobody 2y ago

Same. Bitcoin continually proves its self to be the best money... but what if some of my students, for example, wanted to make their own Blockchain for fun? Or stamp Ethereum tokens for fun and learning? And let's say they understand the difference and nuance of Bitcoin and Ethereum.

Non negotiable maximalism doesn't leave any room for anything like this. 🙃

And the words 'crypto' and 'blockchain' became tainted.

I miss the days where Doge was funny, and Litecoin was acceptable to own and they complimented Bitcoin.

nostr:nevent1qqsd9jkvpjds7r4m3ey0yxqf73h5a0dhmqpt25ysf3h007gm0synn3gprdmhxue69uhhyetvv9ujumn0wd68y6trdpjhxtn0wfnj7q3qkuy0wwf0tzzqvgfv8zpw0vaupkds3430jhapwrgfjyn7ecnhpe0qxpqqqqqqz9txhqq

The Bald Guy ⚡ 2y ago

The decentralized aspects of blockchains are not ideal for many situations. Experimentation is fine but their highly inefficient databases and with bitcoin meant to keep time across a distributed network of small blocks anyone can run and monitor.

What people miss is all the other blockchains rely on high centralized databases connected to smaller "pruned" nodes. This introduces many points of failure. They also fail to take into account scarcity for the sake of scarcity doesn't make something valuable from nothing. It has been the unique sets of variables in bitcoin that have allowed it to grow and remain trust less. Also, collectables are also highly speculative. Bitcoin has had one singular focus and with its unique sets of cercumstances and the way it was developed make it one of a kind and bring its value. While fun to experiment with, everything else is just noise.

David King 2y ago

🤝