Ethereum founder Vitalik Buterin recently published a new article, “In Defense of Bitcoin Maximalism.”
Reminding that the future is not Bitcoin, but blockchain, Buterin said, “The future of the world will not be one or a few big cryptocurrencies, but many cryptocurrencies. “The winners here will have strong leadership under one roof to adapt quickly to the needs of their users.”
Stating that it is unacceptable for Bitcoin maximalists to ignore other projects for reasons not related to the network effect, Buterin stated that this may be close to being fixed.
“The World is Dangerous and Blockchain is the Light in the Dark”
Saying that we live in a dangerous world and protecting freedom is a serious business, the founder stated that blockchain technology is a security technology at its core.
“Blockchain technology is basically a technology that is all about protecting people and helping them survive in such a hostile world.
Blockchain is a light to you in dark places when all other lights go out.
It is not a low cost light or a hippie energy efficient light or a high performance light.
It is a light that sacrifices all these dimensions for only one thing: a light that does what it has to do when faced with the toughest challenge of your life.
“Toxic Maximalism”
Stating that the toxic attitudes of some Bitcoin maximalists are not related to the network effect and harm the common culture, Buterin referred to the shares of Kevin Pham and stated that he actually contributed to the adoption of the blockchain by meeting with very important people.
Here is the section where Buterin shares his contacts:
“Focusing only on being money pays better” and “Overall, the oldest projects in an industry are the most “real” projects.” Buterin said that non-toxic maximalism is necessary and that too much tolerance can open the door to many scammers.
“The maximalists are often a toxic and dangerous cult. They mock the paper tiger that will take over Bitcoin’s superior network effect as soon as a cryptocurrency comes out. The truth is, none of the maximalism arguments I’ve described above depend on network effects.
The approach that Bitcoin is under the effect of a zombie network preparing to die is also wrong. Bitcoin, while certainly not the only one, is an excellent example of the category.
Maximalism isn’t just for Bitcoin. It is very clear that most other crypto assets are scams and a culture of intolerance is inevitable and necessary to protect startups and ensure that at least one corner of this space remains a place worth living.
It’s better to mislead ten newbies to avoid an investment that might turn out well, than to let a single newbie go bankrupt by a scammer.
It’s better to offend millions by standing strong for what you believe in than trying to make everyone happy and standing up for nothing.
Be brave. Fight for your values. Become a maximalist.”
You can click here for the original text of the article.