Say no to maximalism

[Orpichukwu]

These guys are the reason why Bitcoin has been thriving and growing. They never said anything bad about Bitcoin but they did infor everyone that apart from Bitcoin nothing can survive that long. They were the one who made Bitcoin a global essential commodity. These are the guys which make Bitcon what it is meant to be and they are right about it.

Growth contribution doesn't mean that you will downplay one thing in order to promote another; the world is too broad to accommodate any form of change and development that can aid humanity.
 
Because I'm a fan of a particular football team, that doesn't mean that every other team is playing rubbish or is not making an effort to stand out.
 
If I'm to give an honest opinion and description, it should be like this: this is why I like this club because they consist of this and that, although this other club has other things that the person will also list, leaving whomever you are communicating with the option to make their own choice and not the way most people criticise any other currency that's not bitcoin in this forum; they can all coexist and they have a purpose to serve.
 
One thing we should keep in mind is that nothing is created with 100% perfection.

[Davidvictorson]

I'd say live and let live. We don't have to have a mad Max situation between Bitcoin maximalists and non-bitcoin maximalists. In my own estimation as long as your not hurting anyone we don't need to fight over Bitcoin's superiority over other cryptocurrency or not since this is not a cult and no one is pushing it down anybody's throat. Let those who want to do Bitcoin do it in peace and let those who want to do Monero and Litecoin do it peace. As a person from Africa our common enemy is the government and our goal is to escape their limiting economic system that keeps us poor and if any of the guys from my community feels that Bitcoin, Monero, or Litecoin does it for, bravo so be it. I won't tell them otherwise or oppose them because I am all for Bitcoin.

[legiteum]

Bravo.

Bitcoin may well be around forever, but that doesn't mean it will necessarily always be the "king", i.e. the digital currency with the highest market cap. Maybe it will be, but there's no cosmic force keeping it that way either--we may see something come along that will be even bigger.

I personally think the market cap for all digital currency will be 10x what it is today within 10 years. How much of that market will be controlled by Bitcoin? We'll see. Things with such huge market shares often don't stay that way*. But Bitcoin's share can diminish greatly in that scenario and it will still be worth many times what it is today.

Technology, I should remind the youngsters here, has a strong tendency to change over the long term, and us oldsters have been taken in by so many technologies we thought would last "forever" that we're getting pretty tired of being proven wrong over and over again.

Keep an open mind, people. It makes life more interesting, and you'll profit more as well.


(* I know, I worked on Netscape Navigator** when we had a 95% market share for browsers ).

[ ** For anybody here under 30, that was the first popular web browser, before others like Firefox, Chrome and Safari ]

[darkangel11]

I try to be unbiased, but let's be honest here, bitcoin is so much better when you compare it to all the shitcoins out there. Also, it's not like they try to promote their projects on their own, without either using bitcoin's popularity to their advantage (all the coins with the word bitcoin in their name, like bitcoin gold), or attacking it as bad for environment (like Ripple did), or too slow and too old to work (BCH), or calling themselves the real bitcoin (BSV). I'm not even going to mention real scam coins here because we all know how many there were. Therefore, I completely understand maxis.

[d5000]

I generally agree with the OP. While I have a "maximalist" in my personal text, this doesn't refer to a particular protocol or currency but to the decentralization concept in general. Bitcoin is, in the current situation, the cryptocurrency that best embraces that paradigm.

I think however a mild form of Bitcoin maximalism has its virtues, too. Above all since Ethereum's creation, there is a popular narrative in the "crypto space" that Bitcoin is "outdated", or also "dogmatic". This narrative was mainly used to justify semi-centralist approaches: big premines, ICOs, "foundations" of dubious goals, "airdrops" where the data you provide may be of more value than the coins you receive, and other practices which have becoming very common now in the altcoin space.

Thus, maximalists can have my sympathies if they counter this kind of narrative, pointing out Bitcoin's true virtues like censorship resistance and decentralization and contrasting them with the "semi-centralized" nature of most altcoins, without being too dogmatic themselves.

Personally I support cryptocurrencies like Monero or LTC, which embrace a decentralized paradigm. But I think even a stance like "Bitcoin will be the only surviving cryptocurrency" is worthy of being discussed, for example when this asumption is justified by security issues (e.g. "Bitcoin is the only truly 51% resistant coin"). This means I would not rule out maximalist predictions completely. In my opinion, it is however much more likely that altcoins are here to stay, and the best "maximalists" can do is to try to protect others from investing in centralized scams.

[DiMarxist]

Yet bitcoin is the king of all the cryptocurrencies in the ecosystem. And any other cryptocurrency follow the rise and falling of bitcoin and that is why many people who are bitcoin enthusiast uses the word "maximalism". In fact they have the in build mindset of bitcoin so they support bitcoin to the core so any other crypto as for them is a shot.
And if other cryptocurrencies were rising up when bitcoin is falling then that use of  maximalism by those bitcoin fans would have been reduced but whenever bitcoin is falling those other coins also fall and when the price rise they also rise and the gap is very big. So they believed bitcoin to the core.

[SatoPrincess]

That's why I'm not someone who always say Bitcoin for everything.

If someone looking for safe investment, they should go for Bitcoin.

If someone looking for privacy, they should go for Monero.

If someone looking for cheap fees, they should go for Litecoin or Doge.

I don't get the point when people are supporting the countries should accept Bitcoin as a legal tender, I really doubt that they will choose to pay using Bitcoin over fiat since using Bitcoin make you need to spend fees whenever you create new transaction.

+1

I advice newbies to invest in bitcoin because it is a more secure investment than altcoins. But that doesn’t mean Bitcoin does not have its own issues. The scalability of Bitcoin has been a problem that has been with Bitcoin since its inception. There are altcoins that do not have such problems with slow transaction and high fees. Now that is all the challenges directly affecting the Bitcoin network. In all the pros of Bitcoin outweigh the cons.

The problem I find with Bitcoiners is that many of us are not very enthusiastic about spending our bitcoins on goods and services.

[bitmover]

but due to its vast size it simply is not suited well for p2p

I really don't understand how someone who receives money p2p weekly in this forum for years, from anonymous people in other continents, can say that bitcoin is not fit for p2p.

You are saying the opposite to what you experienced here... not only you, I see some people here saying that too.

Try to receiving money via Swift or paypal or some other international transfer method. Much worse.

You will only find similar experiences in bitcoin copies, and they are worse so people don't use them for different reasons

[franky1]

but due to its vast size it simply is not suited well for p2p

I really don't understand how someone who receives money p2p weekly in this forum for years, from anonymous people in other continents, can say that bitcoin is not fit for p2p.

You are saying the opposite to what you experienced here... not only you, I see some people here saying that too.

some people support other payment systems and networks and they want people to stop caring about bitcoin and move away from bitcoin to move over to their favoured network as their favoured network is not getting any material relevance/recognition although bitcoin devs have had hundreds of millions in sponsoring deals to try making these other sub-quality networks

even when their other networks have been stagnant, flawed and buggy, they have been loyal and obedient to try recruiting people over to it. not realising the failures of the other network.. yet they want people that are loyal to bitcoin that has stood the tests of time to stop being loyal, all so that the centralists that adore other networks can claim more centralist control of bitcoin development so they can twist it into something that has more congestion more fee more headaches, all to then force more people away from using bitcoin..

the trojan army walked upto the gates in 2014 and entered their trojan horse in 2017 and have since caused infighting and battles that have not improved bitcoin since.. its all done to try to displace people and move people out of using bitcoin. and is a disgrace

[ChiBitCTy]

I'm absolutely with you.  I will have to say "growing up" in bitcoin I did learn a lot from maximalist, many here right from the forum took me under their wing and schooled me quite well.  In a way, if not for the "Maxi's" , I would not be as well versed on cryptocurrency as I am today, and I probably would have lost a good chunk of change ( though it's always been pretty easy for me to decipher a shitcoin from a decent legit project).

But I agree with you.  I like to consider myself a progressive independent with an open mind and I feel that's an important way to live life just period.  Being closed minded brings limitations, and that derails long term progress and possibilities.

[cr1776]

...

Don't be myopic and dogmatic. Say no to maximalism.

The problem is that people tend to use "maximalism" as an argument instead of relevant facts.  People will say, "X is a maximalist" as if that is an argument against a point.  I personally don't know anyone who is myopic and dogmatic involved in bitcoin, but that doesn't mean they aren't out there of course

[philipma1957]

Bravo.

Bitcoin may well be around forever, but that doesn't mean it will necessarily always be the "king", i.e. the digital currency with the highest market cap. Maybe it will be, but there's no cosmic force keeping it that way either--we may see something come along that will be even bigger.

I personally think the market cap for all digital currency will be 10x what it is today within 10 years. How much of that market will be controlled by Bitcoin? We'll see. Things with such huge market shares often don't stay that way*. But Bitcoin's share can diminish greatly in that scenario and it will still be worth many times what it is today.

Technology, I should remind the youngsters here, has a strong tendency to change over the long term, and us oldsters have been taken in by so many technologies we thought would last "forever" that we're getting pretty tired of being proven wrong over and over again.

Keep an open mind, people. It makes life more interesting, and you'll profit more as well.


(* I know, I worked on Netscape Navigator** when we had a 95% market share for browsers ).

[ ** For anybody here under 30, that was the first popular web browser, before others like Firefox, Chrome and Safari ]

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

my first email from yahoo goes back to 1997

[Die_empty]

I'd say live and let live. We don't have to have a mad Max situation between Bitcoin maximalists and non-bitcoin maximalists. In my own estimation as long as your not hurting anyone we don't need to fight over Bitcoin's superiority over other cryptocurrency or not since this is not a cult and no one is pushing it down anybody's throat. Let those who want to do Bitcoin do it in piece and let those who want to do Monero and Litecoin do it piece. As a person from Africa our common enemy is the government and our goal is to escape their limiting economic system that keeps us poor and if any of the guys from my community feels that Bitcoin, Monero, or Litecoin does it for, bravo so be it. I won't tell them otherwise or oppose them because I am all for Bitcoin.

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.

[philipma1957]

but due to its vast size it simply is not suited well for p2p

I really don't understand how someone who receives money p2p weekly in this forum for years, from anonymous people in other continents, can say that bitcoin is not fit for p2p.

You are saying the opposite to what you experienced here... not only you, I see some people here saying that too.

Try to receiving money via Swift or paypal or some other international transfer method. Much worse.

You will only find similar experiences in bitcoin copies, and they are worse so people don't use them for different reasons

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.

[BitGoba]

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.

[davis196]

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.

[d5000]

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 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.

[franky1]

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:

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

[mindrust]

 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.

[Yucky]

Maximalism is the mindset that your project is the only valid one. This approach leads to a refusal to consider new information. It is dogmatic and somewhat intellectually limiting, in my opinion. And I have encountered it several times in this forum.

Bitcoin maximalists tend to dismiss the perspectives of those outside Bitcoin. While I respect the economic tenets of Bitcoin, such as digital scarcity, the superiority complex should not overshadow technical discussions. Bitcoin is not inherently superior to other cryptocurrencies like Monero or Litecoin; it simply has its own trade-offs.

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.