Pitfalls of (BTC) Maximalists

Satoshi,,,who ever that fake name belongs to ,who knows……David Chaum had the first " Digital Currency " in the by having the fist crpytic code to keep it from being broken..Chaum is credited as the inventor of secure digital cash for his 1982 paper, which also introduced the cryptographic primitive of a blind signature..

Nicely put perspective on maximalists.

hi heidi! what's a good book on cyber punks? do you know about CYBERPUNK: Outlaws and Hackers on the Computer Frontier, Revised Anygood? thank you!

All you need is one…

For to become successful the projects just need to do 3 IMP things Prove…Prove…Prove, while they can take sufficient time as these projects suppose to be scaled globally.

Good reminder Heidi. Saifedean Ammous – "Bitcoin is the hardest money ever invented: growth in its value cannot possibly increase its supply; it can only make the network more secure and immune to attack” in his book Bitcoin Standard.

Thanks Heidi your so good..like your info and your viewpoint…I agree look for the coins that make sense…

Well said

Shilling for high fee, slow transaction time Segwit Coin? Really??

I agree Heidi but I also foresee that 30 or 40 or maybe 100's of different cryptos will be providing valid services to different peoples in different capacities throughout the world.

I have a feeling that you may lose some followers after this video, but then again those followers wouldn't be a loss anyway.
The toxicity of BTC maximalists probably comes from laziness and greed: They just want to get rich from HODLing and hence hate any coin that could pose competition. Talking down other cryptos often means that they are deep down insecure about the value proposition of their coin.

Too many words for so little information… But I get it: youtube pays more for longer videos, and now that crypto price is down… hey, a girl has to eat 😉

Shitcoins are like art and pornography. I know it when I see it.

I approve… Praise Charles 😉

Heidi, POW i agree is the only way to safeguard from inflated cryptos, not a fan of these premined tokens. POW/mining creates intrinsic value. NICE MUSIC I Love stick figure, Slightly stoopid, iration etc 🙂

This video needs to go viral. It’s so good.

u got it the wrong way around tho. most other projects (zcash, eth, monero etc) are there because of bitcoin and technologies that where discussed in the bitcoin sphere. just because bitcoin didnt implemented those technologies does not mean they did not originate from there.

etherium is centralized.

BTC maximalists are the only reason crypto exists.

Satoshi Nakamoto is the CIA

I believe in ADA.

Thanks Heidi, more great info.

Being able to take your money/wealth/whatever with you anywhere in the world on something the size of a flashdrive or by remembering the keys is extremely valuable.

There are plenty of alts that "are important" but make no mistake Bitcoin is the backbone.
I would like to see scams and unsustainable projects/alts go but there are deep pockets behind some of these scams.
Would like to see people support the real alt projects working on some needed innovations and tech etc.
BTC is the First and the FORD Truck of coins that is the backbone vehicle that builds the Nation.
There is room for many other vehicle types that meet pain points in the world we live.

All bitcoin maximalists are toxic to the cryptospace.?

Very smart.

Love to see you do a list of maybe 3/5/10 ALT coins you think will go the distance. Other than Ethereum nothing seems very safe. If you go back only 2/3 years most of the 10 ten coins are not in the top 10 or do not exist. I always respect your opinions, Heidi. Thank you for this thought provoking conversation.

BTC maximalist drive me nuts. So many projects in this space that do things BTC is not made for. TFD for example is a real business providing an extremely valuable product via distributed ledger technology. Similar can be said for Tky and the zero the competition of IDV in China. Communist or not.. There is serious money to be made in projects that BTC isn't designed for that greatly reduce cost and man hours from governments to private businesses.

It was a great content too!

Great video, competition brings out the best of humanity ! Time will tell what projects will prevail. I believe there will be more than just BTC in the future. BTC is a store of value and hedge for me.

For the first time I think I'm going to disagree with you.
Just as the internet needs only one protocol (7 layers but one underlying) the world needs only one crypto protocol.

Yes many coins and concepts can be tinkered with. But in the digital world, best practice transmits instantly which means successful concepts in alt coins can migrate to the BTC ecosystem. I have no quarrel whatsoever with anyone who wants to duplicate or try anything new. But the simple truth is alt coin good ideas can just as easily add to BTC's more durable network effect.

Be smart, own both BTC and XRP.

Dont bounce around to much .I have a very weak heart . You might just kill me. You are extremely awfully pretty. Let met turn on my iron lung. Okay bounce away.

Hey Heidi, don’t worry. time will show to everyone that bitcoin will not be the only coin that will survive. However, there are so many shit coins today and most of them will die for sure. Besides, there will be good projects in the future without be “tokenize”.

Wow, Heidi. You just blew me away in a good way. I’ve been saying this and it needs to be said by more people with a platform. Kudos to you. Maximalists do no one any good. Thanks for speaking the truth.

One of your most fascinating videos Heidi!! Great topic!

Nice video Heidi ! 🙂

great content again…dig deeper try to think in the future try to link digital economy and traditional try to explain how average joe can make a change…try to call women…shout women what the hell u are doing jump in the boat…look women are not in the boat of btc..women are 50% of the population…and think in the age of aquarius pls. big hug and happy xmas werever you are you nomad 😉

thx

Good job Heidi

OMG Heidi, who hit this internet troll cult coin followers hornets nest with a baseball bat.hahahaha (just kidding) People with large intellectual capacity sometimes have large egos to match, and don't handle criticism well (sometimes at their own peril.) ….Good point Heidi to not let loyalty following of a coin get in the way of improving the advancement of the crypto space and also to not put up roadblocks against the new creators and inventors. On the other hand, protecting cryptocoin blockchain projects from greed and corruption scam and cheating attacks is also of prime importance and new inventions have to be mindful of not breaking what already is working. (A difficult delicate balancing act indeed!!!!!) We need more people like you Heidi, keep up the good work, together we can change the world for the better.

Math? Are we talking about grade school or finances?

Interesting point of view you have there. I personally believe that bitcoin will will be the gold standard of storing value and a few other crypto currencies will be mainly used for day to trade transactions.

Your response suggests that you think Bitcoin maximalism is prescriptive. It is not, and you're generating this idea of tribalism by this point of view. Bitcoin maximalism is predictive based on the history of money and network effects and the relative decentralization of the network at multiple layers and the length of time of existence/stability/growth (see Lindy effect). Bitcoin maximalists aren't trying to win. They're trying to save their friends and others from losing in the long run. Reason Bitcoin will be 80% to 95% crypto value in the future is NOT because of the bitcoin tribe winning a so-called crypto-war. It has to do with the fact that Network effects compound for any network/communication protocol. If you look at the development of the internet, you'll find that there were competing ideas early. The more open, simple version that grew organically (not the "upgraded" versions to follow) was the one to win. There is ONE internet. Are you annoyed by those tribal internet maximalists? Gold became THE WINNER in the physical international store of value and the standard for international settlement in the 1800s because the network value accrued around the most secure, most stable network effect. Gold had the Lindy effect, the hardest monetary policy/stock-flow ratio, and couldn't be created out of thin air (think ICO). No reasonable Bitcoin maximalist is saying that the other projects SHOULDN'T exist. We're saying they almost certainly won't, or at least won't accrue any significant value over the long term. As you say, any tech developed on those can be added onto Bitcoin (any appropriate layer). But don't include a fancy website with innovation. And if you're designing a building, you don't build the 63rd floor before the 2nd. So there's a lot of energy being diverted to the periphery that very well may not last as the base hasn't solidified yet. That may all end up being wasted energy and wasted capital. So invest at your own risk. If they're layered on, their "price" will essentially goto marginal cost of production of the service, and the actual value will accrue to Bitcoin.

Thank you once again for the video …Lot of good information .. thank u sooooo much .. God Bless you 🙂

BEST Tips in Crypto! You also have nice teeth.