That is an impression editorial by Niko Jilch, a financial journalist located in Vienna, Austria who runs the Fixthemoney Substack and a German podcast called “Was Bitcoin bringt.”
Alright. It looks like we have made a decision to spend the “cryptowinter” arguing about who’s the coolest kid on the market: Bitcoin Maximalists or altcoiners.
This is not a fresh debate however the recent defection of Nic “rising star” Carter plus some others from the camp of “toxic maxis” has restarted it. Then there is this thread by Bitcoin core dev Matt Corallo.
Now I’ll gladly start here. Obviously Matt knows what he could be discussing regarding Bitcoin. He knows way, way, a lot more than I really do with regards to the technical side. In comparison to him I’m nobody.
But nonetheless, I’d call myself a Bitcoin Maximalist.
And I disagree they are a “dying breed.” Actually, if anything, our camp keeps growing.
Have people forgotten about Luna already? A complete new class of maxis was created your day it collapsed.
Most of us have our known reasons for concentrating on Bitcoin. Mine is deeply personal: I would like to fix the amount of money. Maybe that’s cheesy or arrogant. But since I realized our monetary system is broken, it has been my obsession.
I didn’t get Bitcoin for a long time! I was a goldbug, a nocoiner, an altcoiner first.
It took me about seven years to get rid of up as a Bitcoin Maximalist and the pivotal moment was when I decided for myself that it is now probably too late to “get rich” with Bitcoin.
That little thought exposed a whole ” new world ” if you ask me.
WHERE Do ALL OF THE Non-Maxis RESULT FROM?
Since that time I’ve met all sorts of people. And something thing is for certain. The true Bitcoin Maximalists certainly are a very different group compared to the remaining crypto people. They think and act differently. They’re building a social networking along with the monetary network.
Just what exactly concerning the non-maxis?
My experience has been that lots of people who found Bitcoin with a purely technical perspective prefer to look at newer projects (altcoins) and what these projects try to achieve. In the end, wasn’t it the intellectual curiosity that brought them to Bitcoin to begin with?
Several “nerds” (After all this in the nicest way possible, I really like you all!) also found Bitcoin early and so are now rich beyond their imaginations they could even be considered a little bit uninterested in Bitcoin right now.
For them, being “Bitcoin only” doesn’t make much sense. Matt has contributed more to Bitcoin than I ever will. Why shouldn’t he be interested in other things? Best for him!
Number RISE Thats How Bitcoin Lures You In
Nic Carter originates from the investing side. That’s where many altcoiners result from, the tiny and the big ones.
That is clearly a different group.
Some were early and already got rich with Bitcoin. They now search for their next big payday. Others feel they “missed” Bitcoin to check out their possibility to grow. I could understand them better because I was one of these. Actually, I suppose virtually all newcomers belong to this group.
That’s how Bitcoin (and crypto) lures you in. And that is ok. It’s such as a Trojan horse. Someone once said: “Bitcoin is really a revolution that protects itself by making the revolutionaries rich and incorruptible.”
Well, as it happens the lust permanently more wealth and status is section of human nature today and also rich Bitcoiners could be enticed by a lot more money. This will come as no real surprise after decades of inflation, fiat money, consumerism and high time-preference.
Thats also the crux of my argument here.
WE HAVE TO Separate Money And State
Carl von Clausewitz said that, “War may be the continuation of politics by other means.”
Altcoins, DeFi, NFTs and proof-of-stake will be the continuation of fiat money by other means.
I get a lot more out of fighting to repair the amount of money than chasing another fiat high.
I would like to play my part to make sure the Bitcoin network survives and thrives. I have no idea much about computers or trading but I understand how exactly to write, talk, make podcasts and videos so that’s what I’m doing.
I wish to start to see the fiat experiment end. I wish to know very well what which will do to your precious investment theories. Also to be honest, I don’t see this as limiting either. Scarcity is indeed vital that you us as humans, it literally is what helps us start our lives. Ask any trust fund baby. I believe money is an excellent like any. I think the marketplace for the money has been distorted by hawaii for such a long time, it hardly existed before Bitcoin arrived.
We have to separate money and state. I believe Bitcoin is our best (and perhaps only) shot to get this done.
That is why Im Bitcoin only. Thats why Im a Maximalist. We have to fix the amount of money first.
Then we are able to discuss the value of one’s JPG of an ape.
It is a guest post by Nikolaus Jilch. Opinions expressed are entirely their very own , nor necessarily reflect those of BTC, Inc. or Bitcoin Magazine.