Monero's Fluffy Pony Riccardo Spagni Says Bitcoin (BTC) Has Become Too Big To Fail Now

Riccardo Spagni Of Monero Thinks That Bitcoin Has Become Too Big To Fail

Bitcoin maximalists hold the view that, although the world's leading digital currency by market cap may have issues with scalability, smart contracts applications, and more for the time being, that there will be a point in the future at which the bitcoin network provides everything that investors want in a digital currency. In this way, maximalists are unapologetically in favor of a bitcoin monopoly at some point in the future.

Many people in the crypto ecosystem are frustrated with Bitcoin maximalists. Popular crypto influencer WhalePanda is one of them. He calls the environment they create “a bit toxic.”

“I think that there is too much brain power, research, adoption, and money that has been poured into Bitcoin for it to fail. I truly believe that. Obviously, there’s always a chance but I think that the chances a Bitcoin failing are at this point infinitesimally small I think the chances of every other altcoin failing are higher.”

Although in the same interview, Riccardo Spagni or XMR’s Fluffypony said that he does think that it is a rational belief.

“I think that there is too much brain power, research, adoption, and money that has been poured into Bitcoin for it to fail. I truly believe that. Obviously, there’s always a chance but I think that the chances a Bitcoin failing are at this point infinitesimally small I think the chances of every other altcoin failing are higher.”

Although he himself is not a Bitcoin maximalist, he just does empathize with them. He added:

“It’s like the entire world waking up and saying, ‘you know what sucks? Human government. You know what we’re going to do, we’re gonna have a new form of government that doesn’t involve humans. I mean it’s like that might happen but the chances are it's not gonna happen because we’re dumb and we’re human and we’re imperfect.”

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