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547 sats \ 1 reply \ @UnitOfAccount 12 Oct 2022 \ on: The Rise and Fall of Bitcoin Maximalism bitcoin
TLDR; Wahhhh let me peddle shitcoins and DeFi without Bitcoiners being mean to me
They act as if altcoiners aren’t tribalistic themselves and complain about the “toxicity” that Bitcoiners throw towards platforms that are in a similar vein to Celsius, scam fork coins like BSV and they even go as far to suggest that BCH is how Bitcoin should’ve solved the scaling issues.
Someone likely called them out on a flaw with one of their favourite shitcoins and it has annoyed them enough to write an entire article about the culture surrounding Bitcoin.
The title itself suggest that “Bitcoin Maximalism” is a dying subculture when the opposite seems to be true as more and more in the cryptocurrency space are waking up to the reality that Bitcoin does stand alone in comparison to any other form of digital money. Name any other cryptocurrency with a grassroots movement comparable to Bitcoin. Name any other cryptocurrency with as many high-profile converts as Bitcoin. You can’t and there are reasons for this. Truth is on the side of Bitcoin and not altcoins that are essentially recycling the current financial system to their own benefit (looking at you, proof of stake).
Here is a counter-article: https://www.forbes.com/sites/peterizzo/2022/07/04/bitcoin-maximalism-is-dead-long-live-bitcoin-maximalism/?sh=1ccc8d4a182b
And a quote from the article I linked: “ Bitcoin Maximalism also offers a way to safeguard retail investors from the obvious sham of the vast majority of the crypto market, encouraging them to hold their own money and to hold it in bitcoin, advice serving them well as the industry's stablecoins and institutional lenders collapse spectacularly.”
Bonus video from Trader University:
Why am I such a mean Bitcoin maxi? - https://youtu.be/16bStbvB2Og
and
Are Bitcoin Maximalists dumb and closed-minded? - https://youtu.be/x7HjKke3Mp4
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