What a freaking mess the Celsius situation. With my morning coffee I started to check my feednews and found the Chapter 11's protection the company requested. So, let's check some things. Some topics ago, someone joined Stacker because said that bitcoin twitter are full of hostile maxis. Having read his experience and avoiding his/her personal experience, I want to to put a different view on this thing called maximalism.
In order to fully understand this conversation, we need to agree things: first, there's no concept of maximalism, as a matter of fact, even Vitalik Buterin claimed that maximalism was a good thing, but no in a traditional, hostile way most people describe. Bitcoin maxis has two things:
- Low-time preferences: You buy bitcoin and if you hodl or make something similar to DCA, it means that you're thinking in the long run, therefore, the future of your family or closest ones. That's why other topic besides economy or cryptography such as health is included in the conversation, I mean, what's the point to rescue your money and not being able to enjoy it, right?
- A sixth sense for scammers: This is something @nerd2ninja talked recently in a very insightful thread here, where the point is -to me- very clear: maxis verify the project and there, they see people who act as gamblers and degens, not people try to build something. And we call it as the thing they are: scammers.
I read the e-mail and blog post made by the Celsius' team and is complete and absolute crap. When I checked a segment that goes as
Acting in the best interest of our stakeholders, including our entire customer community, is our top priority. We are also entering this process with the intention of emerging as a stronger company. (emphasis is mine)
Good Lord, I LOL very hard. So, let's check what maxis told people:
- hold their bitcoin in a wallet which you AND ONLY YOU control,
- necessity to make investment nor increase return because...unnecessary KYC
- check the projects and their fundamentals. If the project has a unnecessary token or a centralized database with a blockchain shape, it's a scam.
- most maxis warned about the degen behavior Celsius and other CeFis companies have.
Some maxis critics are corporate takeovers or VCs that put money in scam projects, others people who got offended because of the use of the sixth sense mentioned before. Needless to say also, maxis don't care what you do with your money and life, that' on you but, some points to be clear:
- Don't ask maxis to be ok to give up in the energy use debate because others VCs want to promote a centralized DB eco-friendly
- Don't ask maxis to be ok with the idea of remove decentralization in the name of price-go-up scheme
- Don't ask maxis to be ok with the idea of remove features just because your shitcoin projects need the number of users increase.
See what we did? Maxis are not toxic, we're talking about integrity and mostly, common sense. I rest my case Your Honor and give up my time to comments