Monday, 10 June 2019

Please stop calling BTC saboteurs "BTC Maximalists". It's idiotic and is a false bifurcation that deceives new people.

I'm a Bitcoin Maximalist. I know, beyond a shadow of a doubt, if the development team and miners behind BTC worked in good faith on making the protocol scale on-chain, there would be very little room for alt-coins.

A handful of privacy focused coins, and a handful of coins focused on programability would be distant seconds, but the primary use-case for cryptocurrency, as money, would be dominated by Bitcoin.

I'm backing BCH as the new Bitcoin. One of them has to win as a currency, and if it's not going to be Blockstream Coin, I think BCH has the best shot at the #1 spot.

If the investors behind Blockstream, and a handful of other companies had not interfered in the BTC roadmap, the network effect and adoption by users and merchants would be nearly impossible to overcome, and we would have a dominant cryptocurrency used as a currency.

The stalking horses for big banks, the saboteurs of Bitcoin, aren't Bitcoin Maximalists. They are saboteurs put there to stop Bitcoin from gaining network effect. This is because large banks feel threatened, and state actors non-publicly view a global cryptocurrency as a national security risk.

The term "Bitcoin Maximalist" is idiotic. The position that one cryptocurrency will dominate others as a form of currency is not synonymous with believing the "small block" narrative of the bank hired saboteurs currently gutting Bitcoin.

I think many of the people who like the term "Bitcoin Maximalist" are heavily invested in alternatives to Bitcoin and are happy with this false dichotomy where "Bitcoin Maximalists" are saboteurs, and the alternative to "Bitcoin Maximalism" is to support multiple alt-coins.

Well, that's bullshit. It makes sense for one cryptocurrency to rule them all as a currency. We don't have Betamax and VHS in wide use. We don't have two incompatible email protocols or two incompatible landline phone networks.

I think it's likely that many of the people using the term "Bitcoin Maximalist" are deeply corrupt and are profiting from the market distortions the sabotage of Bitcoin proper creates, especially those who have businesses that exchange alt-coins or that have inside knowledge about a few alt-coins.

submitted by /u/andromedavirus
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source https://www.reddit.com/r/btc/comments/byqy5m/please_stop_calling_btc_saboteurs_btc_maximalists/

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