Topic: Say no to maximalism - page 7. (Read 2441 times)

I dont like the "cult" like picture that certain bitcoin users try to promote. I think the message can be found in the OP's text, we should keep our eyes open and be considerate to new developments in cryptocurrencies because this is a developing sector and new things will come up eventually.

But the fact that so many coins have come up and only proven themselves to be vaporware and shitcoins, only shows that bitcoin might be the only coin that is ideal for many years to come.

Still we should not become so limited in our approach. Keeping it to bitcoin is a safe approach, but always be open to discussion.

I think people should believe, as I do, that the market will be 10x bigger than it is today in ten years. That means the market will grow from $1.5T to... $15T.

In order to get to this level, which would require virtually every developed-world consumer to be involved in memecoins, there will need to be some new thinking, and the old ways aren't always going to work for a lot of those new users. Some in this community will evolve their thinking, and... some won't (although and it's not like Bitcoin is going anywhere, and it will grow too).

The most common issue people have with memecoins is that there has been a lot of failure and fraud in this business. That's a huge problem, but it needs to be challenged head-on. Consumers want safety most of all: they want to be able to invest in a memecoin and not worry about getting ripped off, or the market being manipulated unfairly.

And while Bitcoin and crypto started in the "grey" world of cyberpunks and (sorry) quasi-criminals, average consumers are repelled by this kind of thing. In other words, old-school hard-cores from the community will say, "do your research or you'll get ripped off", but average consumers don't have time for that, and they just want to click on an app and bet on their favorite meme without worrying about fraud. That's going to require a different mindset than the Bitcoin community is used to.

But the first step here is to realize this is not a zero-sum game. The growth of memecoins will increase the adoption of Bitcoin, not shrink it.

This is something that I've been trying to say for a while now, glad that more and more people are agreeing with me on this. There's no definitive "best cryptocurrency out there" every single one of those that has solid support and feature caters to those who think they are something worthwhile investing, and nobody should clown anyone about investing or not investing in a particular coin. I see this all the time with bitcoin maximalists too, people who thinks everyone should just dump their coins to the sewer and buy more bitcoin, not thinking that if that would happen the whole industry will collapse in on itself like a dying star.

I think we should all be more accepting and open when it comes to investing cryptocurrencies, to me, everyone on top of the hot charts even if it's a memecoin, deserves praise and support regardless if you're into that kind of thing or not. Let's not be maximalists here people.

It's a fact that the vast majority of altcoins are useless get-rich-quick schemes, but not all of them fall into this category. Some simply have different trade-offs, such as MimbleWimble in Litecoin or ringCT, ring signatures, and stealth addresses in Monero. Other trade-offs exist in Zcash, Grin and Bitcoin Cash. And I'm not claiming that they're more or less useful than Bitcoin. I'm simply saying we should recognize the situation for what it is: healthy competition among currencies, with each one satisfying different needs.

thats why both ltc and doge are good for small payments.

who wants to pay 1000 worth of a coin only to see it triple in price.

doge with its constantly decreasing inflation year by year. is ideal for small transactions. and it can do 10x the volume that btc can do.

doge inflation rates are.

year 1 100%
year 2. 50%
year 11 10%
year 21  5%
year 26. 4%
year 51  2%
year 101 1%

this goes on forever or at least til the end of the internet.

this is a perfect method of small sends of a value that does not drop quickly like fiat and on the other hand it does not increase in value like btc.


to deny that this is not superior to btc for small p2p is ridiculous.

yet people will come to the thread and argue that btc is better.

Trump has nothing to Do with this.

Fee spike lasted for just a few weeks in a 13year range. Basically irrelevant...

I think you are ignoring your own experience to defend an idea.

If people were making runes in ltc chain the fees would also have skyrocketed, just like they did in ethereun (which used to be almost free). There are no ordinals or runes in ltc because that chain is basically irrelevant now

Ltc fees are cheap because nobody uses it. Network is not congested.

Just my 2 cc in this.

As someone who uses btc nearly daily for p2p transactions  for the last 7 years I am can say that btc is perfectly suited for p2p

I even prefer to receive in btc than ltc or doge because those coins lose value against btc very quickly.. their performance is much worse

Everyone knows JJG is a bitcoin maximalist and says no to the rest of the market including ETH. I don't remember all their names but I'm pretty sure our forum has the highest concentration of bitcoin maximalists and that's part of what makes the forum unique.

It can be said that life is colorful and it is very normal for each person to have different thoughts. I personally am not a bitcoin maximalist but I don't see any problem with maximalists because they have their reasons. But I hope everyone should respect each other's choices, not impose their thoughts on others or try to attack them just because they don't think like us.

To be honest, I was kind of like this. I don't know why, but I couldn't trust any other cryptocurrency because I invested in some shitcoin in 2020 or 2021, and all of them became zero after a couple of months. I have invested in those coins because of the success of Shiba Inu. I thought, why not try my luck on some other shit coins which may give me 100x after a couple of months. But then my mind changed, and I thought Bitcoin was the only thing I could trust.

But the reality is, I started hunting for airdrops lately and to be honest, I did not know about most of ETH layer two solutions and the usage of most coins/tokens which has some potential. Not only that, a couple of news projects came on the market and some of them are successful now. Whatever you said, I guess JJG disagree with you 

Maximalism is merely the reaction of many people in the community who became smart enough to understand that 99% of the projects, coins/"cryptocurrencies", and tokens being sold to you are scams - that's a FACT.

The rest of the people who became more Bitcoin-focused/maximalists are those who were actual victims of those scams. Plus many people who currently claim that they are more "open-minded" about shitcoins will be victims again and will return to Bitcoin.

¯\_(ツ)_/¯

bitcoin doesnt force anyone to just use bitcoin, people are free to choose any currency they like.. and they CHOOSE to like, support and be loyal to bitcoin based on its merits.. however when altnet cultists try to force people to not support bitcoin, not be loyal, thats where the altnet cultists go wrong and become hypocrits

blackhat supports features and bugs added purely to make bitcoin more of a headache and congested. he only idolises getting people to abandon bitcoin
in short he is part of a shameful group of people that want to recruit people over to sub-par networks

Great thread with really useful information and advice, all that the op said is one I completely agree with, atleast, for the years I've spent on this forum, I've come across several posts on this board which made me personally question my personal decisions of sometimes choosing to share or diversify my fund into other crypto assets alongside bitcoin, some people make one feel that Bitcoin is the only crypto asset to invest money in, and that any other crypto asset outside of bitcoin is a shitcoin, and amazingly, (in terms of profit) I've watched some of this so called shitcoin turn their early investors into millionaires, even when and while bitcoin is struggling to break out of a resistance.

Bitcoin, as good as the project is, which I believe we all appreciate, is still not perfect 👌 in everything, and like I will always say, bitcoin alone can not serve the entire cryptocurrency community we have today, the network will likely become unusable due to slow and high transaction fees, which is as a result of scalability issues.
So, Altcoins are always a major part of this Ecosystem and also have contributed greatly in the success of bitcoin itself.

Funny enough, most of those who make such claims still go back to trade altcoins at their corner. It's very myopic to assume that there is nothing close to Bitcoin as far as this digital space is concerned, it's even worse when they try to speak you down when you're positive on other project that are built on a strong kernel. If you don't want to accept that other project have potentials just like Bitcoin does, how do you expect others not to look at crypto as being a ponzi scheme.

Narrative as this that have sprang up from people who supposedly want to protect Bitcoin or make it look superior to other asset is the main reason why speculation on Bitcoin price have become a serious subject of discuss and it's now more of what Bitcoin price will look like in the next couple of years as opposed to the level of global adoption and usage it's supposed to proffer to people.

 LTC is being used more than BTC as a currency at the moment and yet its price is still failing against btc.

BTC lost its use case for micro transactions aka coffee purchases.

asking/causing people to use another networks daily due to trickery, will cause alot of users to then not need to be bitcoin full nodes because they no longer use bitcoin daily, meaning creating these sub-par subnetworks and promoting altcoins as solutions has more negative affect on bitcoins blockchain decentralisation

adding verification bypasses to allow junk data negatively affected bitcoin to allow more bloat thats unrelated to btc lean transaction required data
if devs really cared about a lean blockchain or as you call ''blockchain dilemma", they would not have allowed a tx to be 4mb.

asking people to pay $2-$20 a tx on a daily tx usage is $730-$7300 a year. if you want to cry about a $50 hard drive per 5 years but think $2 a tx is fine then you need to go back to kindergarden math

if you think the changes to bitcoin that only promote other networks, and the lack of scaling ON bitcoin is due to blockchain dilemma. you are kidding yourself..

its all due to corporate sponsored deals with devs to create networks that allow middlemen to steal funds and get ROI from their sponsored investment.
dont act like kodak in 1999 where they thought digital media wont improve

I think you are talking about Solana

Just as a comment: The block size dilemma is common to all blockchains. The higher the throughput, more difficult and expensive it is to run a node, mainly because of bandwidth, CPU and memory requirements.

All current blockchains I know are not "better" than Bitcoin in this case:

- either they simply allow a high throughput sacrificing decentralization (Solana, BSV, BCH)
- they don't store the complete transaction set (Kaspa)
- they are less used than Bitcoin (>99% of the rest of all coins)
- or they use second layers or sharding (Bitcoin can do that too and has Lightning already)

There are some which do a quite good job with a "middle ground", i.e. have a slightly higher throughput than BTC, like LTC. But they would also quite fast surpass their limits with "true" mass adoption.

I'm a Bitcoin maximalist when it comes to the Bitcoin price. Bitcoin is king in terms of market dominance and the potential of price growth. All the altcoins are simply following the BTC price. We are still waiting for the altcoin, that is going to beat Bitcoin in terms of market dominance and price growth.
I'm not a Bitcoin maximalist about blockchain technology. I know that the Bitcoin blockchain isn't perfect. The blockchain can't handle huge amounts of transactions and it gets stuck pretty easily. I know that there's room for improvement of the technology behind Bitcoin.

Many people don't understand what Bitcoin  is.
 Bitcoin is monetary network Bitcoin is money, a hard form of money. An alternative to central banking and fiat currencies. The difference between the creation of Bitcoin and other cryptocurrencies is that all other cryptocurrencies were created to enrich their creators and are more or less plagiarisms of Bitcoin. It can be said that all altcoins are scams.
Bitcoin had an immaculate conception; in addition, it is technically the most superior, the most secure, and the most decentralized.It is impossible to create a new Bitcoin; that is a scam.


Bitcoin is decentralized.

This word has almost completely lost its meaning, thanks to crypto promoters, but Bitcoin is the only currency that operates without a central leader or group of leaders. Its users don't have to trust anyone, which makes it truly peer-to-peer and resistant to censorship or control.

In contrast, crypto is centrally controlled and created to generate quick profits for its creators or early investors at the expense of later investors. They rely on strong marketing, lies, deception, and fraud. As the saying goes, “the house always wins,” and this is especially true for crypto.Understanding money is important. When you understand money, you will realize why all scam shitcoins will eventually go to zero. The harder form of money wins. Everyone wants to hold hard money; no one wants to lose. For example, if you look at gold compared to silver, gold has completely demonetized silver over the last 100 years. Silver is now just an ordinary industrial metal without any monetary premium.

In 20 years, only Bitcoin will exist.Bitcoin will almost certainly take the monetary premium from gold and real estate.

I am saying what is very simple.

I now have a signature payment on this site and on altcoinstalks.

My mine is done ✔️ I wanted some income.

I have received multiple payments for the two signatures.

both campaigns have paid me in ltc a few times . why btc fees were too damn high.

now picture if ltc and doge did not exist what would they have done to pay me when the mempool was clogged.

I will say a lot about crypto. it is why venmo,and zelle came into existence. to compete with the cheap fees offered by crypto.

when i had the mine with four partners three and me. i needed a complex payment system to avoid fees.

and in the five years we mined over 900000 in coins. i saved thousands in fees because we did use ltc and doge to send value out.

go back and study 2023 fees were high time and time again and I am well aware of what was paid in btc fees and what I avoided by using ltc and doge.

If we were pure btc we would have spent thousands more in fees. or have to let the pools hold coins longer.

now this year there is the 10,000 usd value send rule which effectively forces me to make daily payments when i mined with the team from jan 1 to apr 1.

i used to let pool gather the coins and do higher sends which mean risking funds getting stolen if the pool gets robbed.


trust me i know that as it happened back in the day with nicehash.

now to understand why btc if fucked up for p2p ask me how big my tax return will be for 2023

it will be more than 200 pages.


if the mine continued this year the return would have been over 300 pages.

which sounds fine if i personally got 200 or 300 k.  but this year i was looking at under 50k which is one reason the mine team broke up.

its easy peasy to criticize a person on the net. but you and others do not understand the paperwork involved in being compliant.

btw and rant is every moron on the site that says trump trump trump good for btc.

trump made the first terrible law  which ended all like kind trading of crypto.

the maket crashed when the law went into effect. jan 2018.

and my returns became huge due to extra reporting becasue of trump.

my two biggest peeves are btc maxers and trump for btc is good.

all my experience is btc is meh for many smaller sends and trump made tons of paperwork for me.

I am always thrilled by the boldness and devotion of Bitcoin maximalists. Their arguments about the superiority of Bitcoin made me have so much respect for the coin. I met some of them on the forum who will never mention the word altcoins but will always say shitcoins. Just as a child grows and begins to understand the difference between the real world and what he was taught by his parents, there is a need to have an open mind. My stance that Bitcoin is the king of cryptocurrencies is unshakeable regardless of the smear campaigns by many altcoin developers. But this will not blind me from taking advantage of some of the benefits that some reputable altcoins offer.

I still have multiple friends with aol emails. that are more than 26 years old.

my first email from yahoo goes back to 1997