Debating Whether Bitcoin Maximalism is Toxic or the Force Behind its Survival?


On August 17 and 18, a Bitcoin conference, “BitBlockBoom! A TRUE Bitcoin Event,” took place in Dallas that featured exclusively Bitcoin maximalists.

From Jimmy Song, Saifedean Ammmous, Pierre Rochard, Tone Vays, Michael Goldstein,

Mike Schmidt, to Marty Brent, Matt Odell, and Justin Moon among others joined this event.

And a never-ending debate stirred yet again.

Crypto Twitter exploded with people divided into two, those who support Bitcoin Maximalism and those who find it toxic for the crypto space.

People against Bitcoin Maximalism says the market needs competition to thrive and that it just does more harm than good for the mainstream adoption.

“Bitcoin is a religion,” says Dan Held, Director of Business Development at Kraken.

According to him, the “most strong adherents/intolerant minority” is the primary reason being Bitcoin’s survival.

Though, “patience will be ideal.”

However, some would argue as did one such user,

“Bitcoin Maximalists saved me from shitcoins.”

Meanwhile…

“It all makes sense when you realize there is an organized effort to attack anyone who is not a maximalist. You dare question Bitcoin. You dare support Ethereum. You dare dissent. You must be crushed. You deserve no mercy. Maximalists becoming the thing they sought to overthrow,”

said Ryan Sean Adams in response to the transcript of the Michael Goldstein’s “How to meme Bitcoin to the moon” speech from the event.

This Jeff Garzik, co-founder of Bloq, says goes back to the earliest days of Bitcoin Foundation, circa 2010 when,

“Litecoin and other first-gen ICOs released: “Attack anything not Bitcoin” were/are the unwavering marching orders.”

Litecoin founder Charlie Lee disagrees with this as he says there was no such thing or orders as “The idea of maximalism only started after Ethereum came on the scene. It was a defensive reaction triggered by the Ethereum flippening Bitcoin talks.”

Whale Panda, “Crypto OG. Toxic Monetary Bitcoin Maximalist,” supported Lee in this saying that it was a defensive reaction to Ethereum founder Vitalik Buetrin’s using ‘Bitcoin Maximalist’ as a “pejorative” term.

According to the coder, Udi Wertheimer, Bitcoin Maximalist just hate “scams” and

“If you say that your shitcoin is the next bitcoin, you’re a scammer.”

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