I would expand on #1:
Maximalism happens when you come to realize that #Bitcoin was the discovery of absolute scarcity.
Because of proof of work, the distribution of coins, the 21M absolute supply cap, the disappearance of Satoshi, #Bitcoin was the perfect alignment of technologies and events that allowed bitcoin the opportunity to become the world’s reserve currency. This is when the game theory really starts.
No other crypto asset can claim to replicate bitcoin simply because bitcoin already exists. The cats out of the bag, they will never be able to distribute the coins or keep the creator anonymous, it just won’t work.
Without that, then any other crypto becomes a simple distributed database, which has limited value.
MainStreetChungus /
npub1pv…2d7a5
2023-05-07 14:36:36
in reply to nevent1q…9a6v
Author Public Key
npub1pvuugp6fyj6t6yeq9ajzv28p54w07sg6jpxvzuu5yc7qmu9edpkqm2d7a5Published at
2023-05-07 14:36:36Event JSON
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"content": "I would expand on #1:\nMaximalism happens when you come to realize that #Bitcoin was the discovery of absolute scarcity. \n\nBecause of proof of work, the distribution of coins, the 21M absolute supply cap, the disappearance of Satoshi, #Bitcoin was the perfect alignment of technologies and events that allowed bitcoin the opportunity to become the world’s reserve currency. This is when the game theory really starts.\n\nNo other crypto asset can claim to replicate bitcoin simply because bitcoin already exists. The cats out of the bag, they will never be able to distribute the coins or keep the creator anonymous, it just won’t work.\n\nWithout that, then any other crypto becomes a simple distributed database, which has limited value. ",
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