210 sats \ 0 replies \ @HODL 20 Sep 2022 \ on: Are you a maximalist ? bitcoin
The term maxi was coined by the greatest shitcoin scammer of all times himself, Vitalik. He created out of thin air 72 million coins and badly needed to justify shitcoins. We took the term and proudly wear it everyday.
It requires both, experience and hard lessons as well as learning the history of money, understanding what separation of money & state will take and how shitcoins are on the side of fiat.
I'm not sure if this was Satoshi, Hal or someone else but somebody asked a question: "What will happen if another coin let's call it coin2, overtakes Bitcoin (in marketcap or popularity)? The answer was simple: Nothing is stopping the coin2 being overtaken by coin3.
This means, chaos. Coin3 will be the next favourite until coin4 comes along, just to be killed by coin5. People will be betting on the next coin, hoping to get rich quick. Why? Because what we had with coin1 was discovery of digital scarcity, coin2 and the rest are just copies of it.
We have only one shot. It's called Bitcoin.
I'm a Bitcoin Maximalist and that means, I don't hold any shitcoin. I understand they exist and will in the future (millions of them) BUT none of them are money. Whatever good tech is in them, we will implement it into Bitcoin - all it's just open code. They can't implement scarcity because they always end up with a copy of the discovery.