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RE: Defi-ing the BTC maximalist?

in LeoFinance5 years ago

Where does this leave the mind of a Bitcoin maximalist who doesn't believe in altcoins?

About where a UST bond maximilist was 5 years ago. Just about ready to get fried. (New transactions only. Hodling a pizza's worth of BTC is already maximalized.)

I see BTC as a repository and relative central exchange (central being able to buy and sell most Alts with BTC).

De Fi could be it. If some genius figures out how to sell specific sized fractional bits of a business and not have that considered a 'share' or 'security' he's liable to make a significant amount of something that can be traded for real value.

I am not so sure that BTC should be even considered in the same genus and species as most of the other cryptos. BTC is finite and has a distinct purpose.

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I am not so sure that BTC should be even considered in the same genus and species as most of the other cryptos. BTC is finite and has a distinct purpose.

It is the distinct purpose that is the issue with the maximization mindset, as it ignores that there are other needs in the world of crypto than what BTC offers. No one can eat their bonds, though at some point, the nutritional value of them might be more than their monetary value :D

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