Quote from: Karl_3000 on August 19, 2025, 02:16:16 AM

There is 82% plagiarism found on this post: https://bitcointalk.org/index.php?topic=5555854.msg65708795#msg65708795

Quote from: TEBTC on August 19, 2025, 12:40:46 AM

Bitcoin maximalism is the belief that Bitcoin the world's most popular cryptocurrency is the only digital asset that will be needed in the future. Maximalists believe that all other digital currencies are inferior to Bitcoin. The maximalist ideology holds the view that other cryptocurrencies are not in line with the ideals established by Satoshi Nakamoto

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Quote from: TEBTC on August 19, 2025, 12:40:46 AM

Bitcoin maximalism has its hurdles to overcome if Bitcoin is to become the only digital currency. Many of the altcoins and the subsequent variations of blockchain networks have come into existence because of the limitations of the Bitcoin network and its cryptocurrency. Some of the challenges and limitations of Bitcoin include the followings

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Quote from: TEBTC on August 19, 2025, 12:40:46 AM

The Lightning Network

The Lightning Network is a technological solution intended to solve the problem of transaction speed on the Bitcoin blockchain by introducing off-chain transactions. Using Lightning Network channels as a transaction mechanism between two parties, these parties can make or receive payments from each other. Transactions conducted on the Lightning Network are faster and more efficient than those conducted directly on the Bitcoin blockchain.

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Quote from: TEBTC on August 19, 2025, 12:40:46 AM

Price Volatility

Another challenge to Bitcoin becoming a widely-used payment method is that the cryptocurrency's price fluctuates too wildly—this is called volatility. This volatility makes it difficult for companies and individuals to use crypto as a medium of exchange for day-to-day business transactions.

Intermediary businesses have developed payment processing gateways that convert payments to fiat at the time transactions occur rather than when the merchant can get time to convert them. This is necessary under current conditions because the crypto's market value can change so quickly that at purchase time, a merchant might receive enough payment, but when they go to cash in their bitcoin they might receive less or more based on its market value than they charged.

This is less than ideal for small businesses, as they'll need to pay more for the additional cryptocurrency payment services in addition to traditional methods.

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Quote from: TEBTC on August 19, 2025, 12:40:46 AM

Smart Contracts

In the early years, Bitcoin was limited in its usage and didn't provide mechanisms for building smart contracts or decentralized applications Other blockchains are specifically designed to support these applications. A smart contract is a program that executes the actions agreed upon by the involved parties.

Smart contracts can allow transactions to be automatically conducted between two parties, such as the purchase or sale of an automobile. As a result, no centralized authority is needed since the program only executes if both parties perform the required duties.

Smart contracts, which the Ethereum blockchain network was designed around, have gained popularity within the financial sector. Although Bitcoin's blockchain network has increased its capability by offering smart contracts, it lags behind Ethereum and others in decentralized financial applications.

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76% plagiarized from: https://www.investopedia.com/terms/b/bitcoin-maximalism.asp

3% and 3% plagiarized from these sources which I did not include above:
http://blockgeni.com/guide-to-bitcoin-maximalism
https://zebpay.com/blog/should-you-be-a-bitcoin-maximalist

for moderation