Why “Bitcoin Maximalism” is a non sequitur

Too Long; Didn't Read

<span>T</span>he notion of “Bitcoin Maximalism” is wrong. It is counterproductive and misses the whole point of this century’s greatest invention. First of all, it implies that there are viable alternatives to Bitcoin, that we can somehow keep the promise of sound money without pulling the rope in the same direction. To really understand why this is impossible we have to rewind the tape of recent history to the point where the idea of decentralized money was born in the first place, the financial crisis of 2008. Not too long after this an idea was born. An idea of peer-to-peer, sound money that could be sent from and to anyone, anywhere and received by anyone, anywhere in the world. Most people in crypto get the idea of peer-to-peer money but not the idea of <em>sound </em>money, which is <em>the</em> aspect of Bitcoin that truly makes it unique. Bitcoin was invented not only with a double spend prevention mechanism onboard, but as an <em>antidote</em> to double spending on the whole. Double spending which includes counterfeiting and therefore <em>inflation.</em>