pull down to refresh
21 sats \ 1 reply \ @5centvalentine 30 Jan \ on: Why am I not a bitcoin maximalist? bitcoin
IMO, it's a matter of time preference. When you realize that you may not live to see the full potential of bitcoin, you can then understand what bitcoin truly is. It is wrestling the power of preserving wealth back to the people and eliminating central banks/human intervention in monetary value structure. There will be only one measuring stick that is applicable to all humans and is truly decentralized. All other crypto projects "taking the bitcoin idea into other directions, expanding on it, improving it and trying to make the world decentralized" will neither expand on it, improve it, nor be decentralized, as these projects are led by high time preference individuals trying to enshrine their name/leave a legacy. Truth is, they will die and be forgotten, even if their project has any sort of success in the short term. All things they claim to be doing will be possible with/on bitcoin in the long term. I think Parker Lewis' "Bitcoin Obsoletes All Other Money" explains this topic best. Just my 2 sats on becoming altcoin-adverse.
Your focus is too narrow. You think of bitcoin as only money and freedom.
Bitcoin is many things to many people (money, technology, freedom, investment, status, gamble, etc.), however, it is not suited for every aspect of our lives. In terms of technology, I'd argue that innovation is constant, so to say that other projects will not succeed is just plain wrong. By success, I do not mean, replace bitcoin. I mean to have a thriving purpose.