Topic: Bitcoin maximalists are doing more harm to the crypto space than good ? - page 3. (Read 622 times)

To be fair, the "bitcoin maximalist" title, mostly being used as a derogatory term by some of the hardcore Ethereum people, is being used on people really really broadly. Heck, I was called a "BiTcOiN mAxiMaLiSt" by a decently followed Ethereum shill just because I stated somewhere that I only held bitcoin, even though I openly stated that I'm really open to other altcoin experiments.

Herewith, a (to be expanded upon) collection of tweets from the crypto twittersphere, to provide examples of Bitcoin 'toxic' Maximalism ...

N.B. Probably *NSFW*

I will start with a tweet from Jimmy Song ... who's tweet inspired this thread.  

...

"Ever notice how altcoiners want to work "together" when their coin is under attack, but take every opportunity to attack #Bitcoin?

There is no "cryptocurrency industry." There is #Bitcoin and there are pretenders. That's it."
- https://twitter.com/jimmysong/status/1295918210085203976

...

"Bitcoin dominance is 100%"
- https://twitter.com/hodlonaut/status/1295106878171643905

...

"Taco Plebs are some of the most legit Bitcoin maxi's out there! People get upset when we poke holes in their shitcoin dreams. Reality is we are just trying to. help their future!"
- https://twitter.com/piratebeachbum/status/1294989690043588609

...

"Getting a lot of shitcoin flavored accounts following me the last days.
Good time to make it clear that only #Bitcoin matters.

Shitcoins are scams and will get you rekt

Thank me later."
- https://twitter.com/hodlonaut/status/1294941543841894401

...

"Shitcoins will always be limited to pump & dump hopium. Narratives around #Bitcoin are not even comparable: ..."
- https://twitter.com/bitcoinkatia/status/1294594050180493313

...

"Think shitcoiners have this much collective conviction?

Doubtful.

(I’ll do the larger collage when I get to a computer tomorrow.)"
- https://twitter.com/hodl_american/status/1295939309082533888

...

"Hi

My name is american hodl and I’m addicted to number go up."
- https://twitter.com/hodl_american

...

"Fuck it, converting all my non-working capital to #bitcoin.

Let's fucking go!"
- https://twitter.com/PeterMcCormack/status/1296046342570160128

...

Please feel free to post your own favorite examples (and sources) of Bitcoin 'toxic' Maximalism in the thread below to be added to this post.

Regards,

Bitcoin maximalists are doing more harm to the crypto space than good ?

Discuss ...

"maximalist
noun
a person who favors a radical and immediate approach to the achievement of a set of goals or the completion of a program."

- https://www.dictionary.com/browse/maximalist

...

Bitcoin is not a "game" that can be completed. It is a protocol and eco-system of digital cash and a store-of-value (i.e. digital gold).

Bitcoin (BTC) is the first digital commodity money of the internet.

- https://en.wikipedia.org/wiki/Commodity_money

Bitcoin's monetary (intrinsic) value is primarily derived from electricity, cryptography (math) and time. Markets (and arguably $ price) are secondary.

The very first Bitcoin exchange rates were established as such (before this, Bitcoin remained entirely valueless) ...

- http://newlibertystandard.wikifoundry.com/page/Exchange+Rate

"The exchange rate is the average of the adjusted bitcoin production per day divided by the average production costs per day. The per day averages start with the previous day and will eventually extend back 365 days, but until then, they increase by half a day each day by taking the average of two averages. Production costs consist of the price of broadband Internet and metered electricity. The adjusted bitcoin production is the following spreadsheet calculation =if(M2>N2,((B2+F2)/2)*(1/(3-((N2/M2)*2))),((B2+F2)/2)*(3-((M2/N2)*2))) where M2 is the available balance of dollars times the exchange rate of that same day, N2 is the available balance of bitcoins, B2 is the amount of bitcoins produced the previous day and F2 is the average of the adjusted bitcoin production per day."

- http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate

"During 2009 my exchange rate was calculated by dividing $1.00 by the average amount of electricity required to run a computer with high CPU for a year, 1331.5 kWh, multiplied by the the average residential cost of electricity in the United States for the previous year, $0.1136, divided by 12 months divided by the number of bitcoins generated by my computer over the past 30 days."

...

Bitcoin Maximalism

Bitcoin maximalists, who's favorite hangout would currently appear to be the self described crypto twitter, mostly seem to affirm that nothing can ever be an improvement to Bitcoin.

This is IMHO a malignment not only to Bitcoin itself, but also to the entire cryptocurrecy space in general.

Primarily it stifles innovation, creates a false single viewpoint narrative and to be frank some of these folks are starting to sound like a broken record for "Number go up", idiocracy. Free markets are free, numbers go up and down.

Plenty of ideas, testing (and code) from other altcoins and blockchains have contributed changes incorporated into the existing Bitcoin (BTC) project, and vice versa of course.

Some altcoins and other cryptocurrencies do have some unique advantages over Bitcoin currently, namely;

- Better privacy / anonymity features.
- Faster transaction / confirmation times.
- Useful PoW schemes
- Smart contracts etc.,

Whilst Bitcoin (BTC) will always remain the first true cryptocurrency / market mover ...

Remember: Bitcoin is an Open Source project, so do try to keep an Open Mind to other projects and innovations within this space.

Cheers!