How We Should Really Think About Bitcoin Maximalism
There has been a lot of digital ink spilled about the concept of Bitcoin Maximalism, but there are things the critics don’t understand.This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International.It’s time to clear a few things up. While there has been a lot of digital ink spilled over the years debating the concept of Bitcoin Maximalism, we seem to be going back to some of the same arguments over and over — notably in Nic Carter’s recent Medium post and Pete Rizzo’s Forbes post.Here are a few thoughts I want to....
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Toxic Bitcoin Maximalism can serve an important purpose to ward off newcomers from scams and altcoins, but is there a time when the toxicity is too much?
There has been a recent discussion about Bitcoin Maximalism lately, most likely due to the sudden rise of Ethereum. This conversation is not new dialogue but typically arises when there is a competitor at Bitcoin’s heels. Many people have written about this subject such as Vitalik Buterin, Daniel Krawisz, and just recently Hivemind creator Paul Sztorc.....
2016 has perhaps seen a proliferation of new schools of thought under the crypto-currency genre, particularly thanks to the best known of all cryptocoins: Bitcoin. Among the most recent: the notion of Bitcoin maximalism. In short, Bitcoin maximalists look down upon alternative use cases outside the domain of Bitcoin; i.e. Ethereum, Litecoin, even your beloved Dogecoin. A common thesis in this school of thoughts foresees a future of Bitcoin features, in which all of the things people want in a crypto-currency – for now, higher capacity and smart contracts – are coded atop the Bitcoin....