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I’ve heard a lot about bitcoin maximalism. As I’ve googled it, a bitcoin maximalist is an individual who imagine that the one actual cryptocurrency would actually be wanted sooner or later is the bitcoin. Is that this right? Can somebody clarify it in easy language to me and likewise the basis causes of this perception? Why would some folks imagine that bitcoin is the one cryptocurrency ever man would wish?
Thanks upfront.
requested Mar 4, 2022 at 20:48
I believe your query is likely to be opinion-based and subsequently off-topic on this website, however I am going to nonetheless attempt to give a useful reply.
Bitcoin maximalists imagine that bitcoin is the one cryptocurrency price holding, finding out and/or constructing upon. That perception comes from any of those and/or associated claims (with various levels of verifiability):
- Bitcoin is the one cryptocurrency that’s actually decentralized. (Its creator is unknown and has not been concerned with the challenge for a few years, and there’s no central authority saying what the protocol adjustments needs to be.)
- Bitcoin is the one cryptocurrency that’s distributed pretty. (There was no pre-sale for insiders, no pre-mine, everybody had the chance to mine proper from the beginning.)
- Any claimed enhancements introduced by different cryptocurrencies may be carried out in bitcoin as effectively if they’re proven to be helpful.
- Bitcoin has essentially the most proof of labor going into it, making it the “most safe” chain.
answered Mar 4, 2022 at 23:35
Bitcoin maximalism grew to become a factor after this weblog put up by Vitalik:
https://weblog.ethereum.org/2014/11/20/bitcoin-maximalism-currency-platform-network-effects/
I don’t agree with something shared within the put up which was written in 2014. It was a story to advertise an altcoin.
In 2022, maximalism is a meme on Twitter that some bitcoiners really feel proud to be part of. There isn’t a staff that represents bitcoin maximalists and individuals are free to affiliate themselves with various things.