gianlucatassara on Nostr: I'm all in on bitcoin. I don't own any stocks, bonds, precious metals, real estate or ...

I'm all in on bitcoin.

I don't own any stocks, bonds, precious metals, real estate or other cryptocurrencies. I only have just enough dollars to cover my short term expenses. Everything else is in bitcoin.

I don't diversify. Diversification doesn't make any sense. I don't own a house either. I sold my house last year and used all that money to buy bitcoin. I now rent.

This is the way.

You might think that I'm crazy. That's okay. I'm doing very fine and I'm happy.

I'm a bitcoin maximalist.

What the hell is that you might ask? Well, there is no official definition for bitcoin maximalism. It can mean different things to different people.

With that said, I believe I can give you a definition that will satisfy most maxis.

Bitcoin maximalism is the belief that bitcoin is the best form of money that currently exists, outside the control of governments and banks. Therefore, putting your money into anything other than bitcoin makes no sense.

The above is reinforced by the fact that bitcoin continues to outperform pretty much everything, further removing the need to "invest" in anything else.

Bitcoin maxis won't bother buying stocks, bonds, funds, certificate deposits or any other form of modern investments. The only reason why people feel the need to buy these things is because they are stuck in a monetary system that forces them to. They have to choose between investing or losing their purchasing power over time.

Toxic bitcoin maximalists are maxis who attack everything that is not bitcoin. All maxis are toxic to some degree. It depends on their personality and their conviction. I personally consider myself moderately toxic. I like to make fun of other cryptocurrencies and call out people for buying that crap. My friends know that I'm a maxi so they would be embarrassed to admit in front of me that they own coins other than bitcoin. I have managed to save most of them from the "crypto world". They're not maxis, but at least they're bitcoin only.

Maxis have high distrust in the system and tend to be kind of rebels. People who trust governments or are politically inclined to the left are unlikely to become maxis. They are more likely to see bitcoin as some form of investment, which is perfectly fine. Bitcoin is for everyone.

Some people use the terms "bitcoiner" and "bitcoin maximalist" interchangeably. Personally I like to use the word maximalism to further emphasize the ideology I support. I tell people I'm a maxi so that they don't even bother trying to persuade me to buy other stuff. Can you be a bitcoiner and not a maxi? I suppose. Maybe you fully support the ideals behind bitcoin, but you also own a little bit of gold or a couple of stocks. However, the deeper down the bitcoin rabbit hole you go, the less you will want to put your money into anything other than bitcoin.

Now, being a bitcoin maxi doesn't necessarily mean you want to get rid of the state. I'm personally quite indifferent to the existence of governments, as long as they don't control the money. I simply want people to be free to use whatever money they want without it being devalued and censored by the government. In other words, most bitcoin maxis simply want to separate money from the state.

You can still be a bitcoiner if you believe the state is a good thing for society. In a world where bitcoin is money, we can still pay taxes and have governments take care of stuff. Here's the main difference though: When governments don't control money, they can no longer abuse us the way they do now.

Of course, many bitcoin maxis are either libertarians or anarcho-capitalists, but that doesn't mean you have to be.

So, do you consider yourself to be a maxi or something else?

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