Quote from: wmaurik on August 10, 2022, 11:51:33 PM

Quote from: theCommittalist on August 04, 2022, 01:13:19 PM

With the name of this website plus that of this thread I thought we could assume that 'coin' meant Bitcoin. Maybe I was wrong.

I stop short of calling myself a maximalist but I only take Bitcoin seriously for the foreseeable future as a trading asset due to its functionality as working currency in the big wide world.

Like I said I am not quite a maximalist, but, fuck normies and fuck shitcoins Grin

There is nothing wrong with your assumption. I can still understand even if you don't say it maximally, but there are still some people who think that the coin is not only Bitcoin even though in my mind and you are Bitcoin and nothing else. Because other coins will still not be able to develop to its full potential when Bitcoin stops moving in the market and it still has a very big influence in the market. Wink

I get what you mean but it's not just market forces at work in the traditional sense. This is a sensitive & emergent asset. And I have had the same convo many times about the term "cryptocurrency" which I don't have a problem with per se.

You know I was thinking about this the other day though, what's going on in the international economy around the world, particularly a bank in Beirut.

And it made even more sense to me in that context how maximalists are sort of warning people with serious need against the dangers of anything other than Bitcoin when it comes to storing capital in crypto.

The most important thing is decentralization, the principle of private (or pseudonymous) ownership. It is dangerous & might turn out pretty sad if we sent the message that the most financially threatened people in the world were just as safe putting their fiat into any old form of cryptocurrency besides BTC, & until this is widely & properly understood & appreciated we in the developed world have a duty to shout about it. Grin