A Brief Look at Bitcoin Maximalism (Speaking Of Bitcoin Episode 497)
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- Опубликовано: 13 фев 2022
- On this episode of Speaking of Bitcoin, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy and Jonathan Mohan for a discussion about the origins and evolution of Bitcoin maximalism.
Bitcoin maximalists - the self-described pro-Bitcoin, anti-altcoin faithful - have been around for longer than most modern crypto projects. The term was coined by Vitalik Buterin prior to Ethereum's release. Buterin intended the term to be a direct criticism of individuals with an unwavering view that Bitcoin was the only true option for cryptographic token use-cases.
In this episode as we explore the phenomenon's' motivation and roots, we also draw from Speaking of Bitcoin's extensive library. It features the very first recorded explanation of why there should only be one cryptocurrency and why should be bitcoin as explained by Hashcash inventor and bitcoin developer Adam Back . That clip is excerpted from episode 77 Mindtomatter - E77-the-adam-back-interview (December 2013) before Adam became personally involved. It's a fascinating journey and one you won't want to miss.
Credits
Today’s show featured Andreas M. Antonopoulos, Jonathan Mohan, Stephanie Murphy and Adam B. Levine, with editing by Jonas and Adam B. Levine. Music for this episode was provided by Jared Rubens and Gurtybeats.com. Our episode art was created by Adam B. Levine/pixelmind.ai
Any questions or comments? Send us an email at adam@speakingofbitcoin.show 
Наука
I'm a simple man.
I don't like criminal banks & oppressive governments...
I am a FREEDOM MAXIMALIST! 🔥🔥🔥
I finally get it. After all these years of never believing I randomly started listening to this podcast and now see what you’re talking about. Bitcoin is more valuable than gold.
I don’t regret not buying when it broke $1k and everyone flipped out. When you say the actual truth everyone dismisses it, some questions it, then start to see it, and finally joins.
@@markm0000 bravo! now go and orange pill everybody arround
@@calvin1736 Look at what happened in Ukraine. If the people had Bitcoin they could have stored their wealth until after the war and just continued on with life. Now the UAH is in a complete free fall.
He need to bring these podcast episodes back i missing listening to this show
I love the beauty of Bitcoin protocol. And I lean towards it a lot . But will never fall into dogmatic realm. Thank you for your brilliant work. Cheers to all
Everybody should be honest enough to agree on Bitcoin being the most "safe" bet in the crypto sector and any other coin being even more speculation. Trying to get newbies to stick to the slow mover first before yoloing their life savings into the next dog coin is enough reason to be a toxic maximalist.
When a 'blockchain' is working closely with the WEF - they should not call themselves 'decentralized'.
This episode was more than necessary.
I believe the 'the stones coming from both sides' Andreas
Order of Operations
Fix the money first before you attempt to fix everything else
if there were no "options" we wouldn't have any alternative chains, not sure what your are trying to say
Guys. When I see discussions on alternatives. People trash those and say Ethereum is the only thing to Solana or Cardano or Polkadot or Algorand and vice versa. This habit goes all around.
Maximalists are right, but very early because they reason from first principles. Everyone else just needs 10-20 years to realize that everything but BTC is crap, because their world view is shaped by the crowds and marketing not first principles.
Not sure they are right, not sure everything but BTC is crap. I would even say that BTC is not even in the top 3. (to be used as Money)
@@ianniculescu1625 you can say that and be wrong. I can say this and be wrong. Thing is no one knows for sure, but time will tell 😊
@@kadeemk4679 I agree
It depends upon what you mean by "crap". If you mean that altcoins will perform poorly in the long run vs bitcoin in terms of financial returns, then that is likely correct. However, if your purpose for using a non-bitcoin system is to use the system for its own merits rather than as a financial matter, then it is possible that they are not actually "crap". Like they were saying, it's a matter of technology vs finance.
@@k98killer They are all crap as a money for many many reasons. Money is a $150T market and growing with money supply. I don't think decentralization is required or beneficial for anything except money. Application of 'blockchain technology' never requires a token sale and yes it could be used to reduce some friction, but that can be done and should be done through a normal corporate structure to ensure accountability.
This is a good starting analysis of basics. But it left out a key deeper analysis . I personally invest in all sorts of crypto platforms that I believe have potential value in the emerging 'Internet of Money' - but from what I have seen of the reality through time, all other cryptocurrencies besides Bitcoin (and perhaps Monero) are simply efforts to transfer fiat financialization and endless rehypothecation from the traditional financial world, into the crypto-based Internet of Money. That realization (along with the potential for the Lightning Network and other innovations to eventually replace ETH, etc) makes me a practical maximalist.
Bitcoin brings great minds together
How can you be a bitcoin maximalist if there are no alternatives... No other crypto has the properties which make btc so valuable. It's just not everyone understands it.
Can you please link the ai images project?
What do you think about DefiWarrior?. I see it's been recommented quite a bit on social media. I'm also curious and want to know more about it
To be fair, toxic and Twitter aren't exactly mutually exclusive terms.
Depends where ‘one’ looks/hangs out!.
There will be many coins that exist along side with Bitcoin. I learned that from AA
Im a solarpunk bitcoiner
Why you guys deleted the podcast?
Which one?
Let's get it👍💯 I wish you ALL massive gains🙏🥇👍💲
Everything thats being done on altcoins can eventually be done on bitcoin, if proven useful. Shitcoins are a good playground for programmers to test certain ideas and implementations.
Can bitcoin block size be increased with a soft fork?
Is it impossible to increase bitcoin block size at this point?
Bitcoin blocks used to be capped at 1 megabyte per block, but since the segwit softfork upgrade, blocks can be over 2 megabytes in size. So yes, it is possible.
@@SAL-fs1mr So can we soft fork and increase it indefinitely?
Segwit seperated signatures but the inputs and outputs still has to be in the block
@@morteza1024 not indefinitely, no. There is a fundamental tradeoff between increasing the size of blocks and network decentralization. Pretty much everyone on the Bitcoin network is running the segwit softfork, so the signatures are in every block.
Bitcoin got rid of the 1MB limit in 2017 already with a soft fork and can do it again if needed. Bitcoin is already scaling well with instant confs and fraction of penny fees on other layers so not needed anytime soon
10:25 dude just described ethereum L2s
Has anyone here had a chance to participate in the Venom testnet or have any insights into the project? I'd love to hear any thoughts or opinions that the community might have on this new project
Bitcoin maximalism to me means distribution; distribution to more poor people that need it, not more wealthy people that want it.
Andreas would call a mathematician patronising and condescending for proving a theorem instead of letting people come up with their own proofs
Being a bitcoin maximalist is better then being a shitcoiner.
BITCOIN HOOLIGANS ASSEMBLE
I can't stand the one speaker that talks 200 miles per hour and takes no breaks, I couldn't even breathe, it disrupted my breathing rhythm (I think it was played content, not one of the speakers)
a bitcoiner is not necessarily a maximalist.
Correct , and most maximalists are misunderstood as well.
lmfao...Lets talk Ripple!! My sides are hurting!
No shitcoins please.
Do not forget: "people are eager to take your money" Gringos.