Maximalism is quite a thing though. I've never been of the opinion that bitcoin is 100% better than every other crypto currency. Undoubtedly bitcoin has been the best when it comes to investment so far especially in the case of long term investment.  However for a couple of other things like fees especially in times of congestion bitcoin wasn't the best option. The fact is everyone is condemning altcoins because too many of them out there are simply pump and dump schemes.

Many persons are unable to differentiate these pump and dump coins that's why they end up losing funds to them . Bitcoin has actually proven to be the best at long term returns and that's just fact coupled with decentralisation. Altcoins too have their own applications like in cases of more frequent and light weight transactions.

This is a very good discussion that you've raised, and I think I have also noticed it myself. Well, I think one major reasons why we have so many maximalist(if there is a word like that), might be because of there personal financial experience with other crypto outside Bitcoin. They might have lost heavily or fall victim of failed projects, and other things we can think of as far as alts are concerned. While, there are others who don't even have any personal experience with things outside Bitcoin, but assume or end up becoming a maximalist because of what others proclaim.


I don't really know the level of maximalism when it comes to technical discussion, because I have always focus more to learning about the technical aspect of Bitcoin and nothing else, which I don't know if it's the right thing to do. Maybe that is even a sign of being a maximalist, or maybe it's because of the environment(space) i found myself, which I think might be different if I where to in another.

There are used for other coins but what happened is trust, like Bitcoin has been so printed in the heart of everyone and of course what the way other are being presented couples with the lack of trust in other currency make it looks like it's most valuable against every other coin. But to me it's 'No'  every coin has there potential and usecase the ability for we to understand the usefulness of them all truly matter but whatmore? We so much been giving this mindsets that other coin doesn't worth whereby increase use of a specific currencies with this knowledge we felt other concepts and ideas doesn't count and of course we know there are lots of ideas which to give birth to various things just as how Bitcoin was birth out of knowledge.

I strongly agree that bitcoin is far superior than every other altcoin.

However, there is a point in BlackHatCoiner argument, which he didn't mention: there are good opportunities outside cryptocurrencies.

There are many other good assets around: Gold, stocks, other metals, even treasuries or other bonds. The World is so vast to be fixed in 1 type of asset.

I have noticed a handful of people here who seemed to have changed tune over the years. When Bitcoin maximalists somehow dominated the social media, they also claimed to be maximalists themselves, Bitcoin-only people. They're not genuinely maximalists by principle though. They seem to be simply parroting what's popular. And they're easily swayed by opportunities that one could get from shitcoins, airdops, DeFi, staking, meme coins, and other garbage.

But they aren't a special group of people. Even popular so-called maximalists are hypocrites themselves. They're Bitcoin-only but they'll readily make use of stablecoins whenever convenience calls for it. They're maximalists and yet they've developed centralized platforms and custodial services. They claim to be solid Bitcoin advocates and yet they're supporting KYC. This goes on.

In reality, Bitcoin maximalism is but a mirage.

Thanks for saying it and that's what I've been experiencing with majority of the threads so far. Bitcoiners tend to ignore the obvious to push the narrative and their refusal to try to address or acknowledge Bitcoin's shortcomings is laughable. There were instances, specifically recently where I've been engaging in several discussions relating to Bitcoin as an investment, Bitcoin's "HODL" mindset and volatility is good just to name a few.

Tons of these threads are literally circlejerks with repeated parroting of the Bitcoin is the best narrative, or whatever the topic was about. Threads like these are frankly rather pointless and don't encourage any discussion or critical thinking. I'd attribute most of this to the maximalism mindset and some of this to their limited understanding.

Bitcoin has never been proven to be a best long term investment. The horizon for what is considered long term is far beyond Bitcoin's current lifespan, and that the fact that we've been through so many volatile periods practically proves my point. If you argue that Bitcoin is good because it has experienced XXX% growth in the past 5 years, then it cannot be considered the "best long term investment". This is a good example of Bitcoin maximalism.

bitcoin maximalism is not about thinking bitcoin should be only managed as one project EG (only core decide protocol changes)
bitcoin maximalism is not about thinking bitcoin should be the only currency(all other coins are dead)

its that some people only WANT to personally hold and use bitcoin and support bitcoin personally

its also funny how for many years blackhatcoiner was supporting that core be the only protocol manager of bitcoin proposals, he have been vile in his arguments about any other dev group attempting to offer proposals

seems he is again trying to change history and attempting to control the narrative.. re defining buzzwords to his preference
.. and no i dont think blackhatcoiner has made a genuine change to his motives and is now thinking independently he is still a core centric supporter and has never even tried to be sceptical or critical minded about the decisions of core

When you're involved in a project that has current and emerging competitors and you know that relative to all the other competitors around it, none's better than it, do you just sit back and allow the others to paint themselves as the best while you do nothing about it? I feel we've got to know that nothing is irreplaceable as long as people aren't enthusiastic about it. Part of what makes Bitcoin what it is now is the fact that people believe that it's the best digital asset that is and that can possibly ever be. It's left for those involved in another project to put in the required effort in promoting theirs.

Except I'm getting it all wrong if not I don't think it's a bad thing to be a core Bitcoin enthusiast who speaks and defends what he knows about Bitcoin that propels him to consider it an asset to invest into. Even in the sports niche, Real Madrid fans believed that the club is the best in the world even though there had been instances when other clubs did better than them. It's not that they are maximist but rather they are just enthusiastic about their club. Though not too old in the bitcoin ecosystem, I'm yet to find an alternative digital asset that's as strong and resistive as Bitcoin and if I'm being bullish about it in my views about it, it's based on this ground.

yes it does appreciate well.

i have personally watched six dollar price turn into the current 60,000 price now.

but due to its vast size it simply is not suited well for p2p

i do not get my pzzia delivered to me in a mack truck it is not suited for shipping a single pizza 🍕 shop to private home.

When I say that it has terrible privacy, I don't mean it's impossible to maintain privacy. What I mean is that the protocol lacks a strong focus on privacy. Sure, you can take advantage of the way transactions work, and build things like coinjoin, but the network, given as is, does not come with anything apart from coin control.

Coinjoin is an interactive process, which is a significant drawback. The ability to seamlessly pay anyone without any interaction beyond broadcasting the transaction, as in ring signatures, is vastly superior to coinjoin. Not only does it offer greater robustness by eliminating the need for a coordinator, but it also provides an anonymity set that is orders of magnitude larger. (Since you can pick decoys from outputs of past transactions.)