TD₿: Bitcoin Maximalism by Peter McCormack with Pierre Rochard
TL;DR Based on our understanding of monetary economics, most of the value will accrue to one coin.
Hey Bitcoiners,
The term “Bitcoin Maximalist” was initially invented by Vitalik Buterin to insult Bitcoiners who chose to only invest in Bitcoin.
It was meant as a slur for being rigid and close-minded when in reality maximalists choose Bitcoin because they know that Bitcoin represents our best chance at creating incorruptible decentralized money.
Bitcoin Maximalists have high conviction that Bitcoin will be the big winner due to its superior monetary traits. Over time Bitcoin will outcompete other monetary goods.
Pierre Rochard breaks down his thought process surrounding Bitcoin Maximalism in this podcast with Peter McCormack (08/04/2018).
Every other “crypto” is just a distraction to steal your bitcoin.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“Individuals adopt bitcoin because it possesses unique properties that make it superior as a form of money relative to all other currencies. Because money is a solution to an intersubjective problem, monetary systems tend to converge on a single medium.” - Parker Lewis, Head of Business Development at Unchained Capital
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