Sunday, 3 July 2022

Bitcoin maximalism is a disease.

I'm tired of seeing people claiming that BTC is the only true cryptocurrency of the world, and that everything else is just a scam. Ignoring the fact that there are thousands of serious projects on the market that actually do things that bitcoin will never be able to, since they're so resistent to improvements in their own coin. So they're proposing those crypto shouldn't exist, even though bitcoin cannot replace what they're capable of doing?!

They claim that every crypto was created just to enrich its developers, ignoring the fact that Satoshi Nakamoto himself have mined over 1 million BTC alone. He have created the rules of 50 BTC reward per block and its halving and knew the fact that him and the early adopters would have the opportunity to enrich themselves way before bitcoin getting mainstream.

They claim that the fact that bitcoin has never fallen from the first position on market cap proves that it's the best coin, ignoring that 99% of them don't use it as a currency, but to espectulate at its price fluctuation as if they were stocks. We still don't see bitcoin being used by Google, Amazon or Ebay to buy goods and services. It's still resctricted to a small niche of online sellers, over 10 years have passed and nothing has improved.

I don't think there's a perfect crypto in the world right now. And that's exactly why we need as much competition as possible. Bitcoin is slow, has high fees and it's complicated to use for an average person. I mean, wallets are still relying on scanning QR codes in 2022? For real? Couldn't they have already developed a simpler way to make payments, like a native bitcoin credit card that's complatible with the average card machine on the market? Do they really expect that bitcoin will gain mass adoption as a payment system acting like that?!

Anyway, that's my opinion, let me know what you have to say about it, even if you completely disagree with me. I'd love to hear your arguments to have a healthy discussion about this subject.

submitted by /u/Darken-kun
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source https://www.reddit.com/r/btc/comments/vpyuxp/bitcoin_maximalism_is_a_disease/

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