Bitcoin News
By Steven Anderson
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Vitalik Buterin defended “Bitcoin Maximalism” in his blog. He called “Team ‘Bitcoin’” as “a highly diverse group of both rich and poor people.
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This should not be surprising because Buterin came up with Ethereum as an improvement Bitcoin.
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Maximalism is a valuable defense according to Vitalik. With more money coming in to the space providing incentives for “short-term innovations” can undermine the importance of…
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Vitalik implied that it is okay for Bitcoin to play the safe choice by not trying to enable a choice of highly complex and risky decentralized applications.
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Thus, Bitcoin choosing to “Just Be Money” is a “Safe Choice.”
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The monetary disposition of Bitcoin can be undermined if there are secondary functions. If there were additional functions, this can add to lot of work for developers who have to…
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The “Just Money” Ethos of Bitcoin benefits the rest of the crypto ecosystem. This makes things very direct as Bitcoin will serve as a collateral for other tokens like Terra and…
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Some interesting Thoughts about Bitcoin from Maximalists:
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Pomp: The 19,000,000th bitcoin was just mined. Only 2 million more bitcoin to go. Many people have critiques of bitcoin, but no one has built a more valuable digital currency.
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John Pompliano: If you got $10k a day EVERYDAY since the pyramids were built (~4,500 years ago)... You would only have 6% of Elon Musk's wealth.
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Muneeb.BTC, Stacks had a different take way back in 2021: Bitcoin maximalism as a strategy for growing Bitcoin is failing. The maximalist narrative has lost touch with reality.
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Bitcoin maximalism assumes a zero-sum world. However, we’re in an expanding crypto economy. Attacking developers and new use-cases doesn’t help Bitcoin.
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It just looks like Vitalik thought out well than Muneeb and therefore gives his clear take on Bitcoin Maximalism, which makes more sense – Bitcoin does what it does properly.
The Currency Analytics
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