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1/ @PeterSchiff insists foolishly that gold and only #gold is the best #money and that nothing can or will replace it. #Bitcoin 
maximalists say precisely the same thing about bitcoin.
maximalists say precisely the same thing about bitcoin.
2/ But #bitcoin maximalists go even further and insist that there’s no viable use case for any #blockchain *except* as #money. This is as preposterous as @PeterSchiff saying something like “there’s no viable use case for metals except as money”. Not even Peter is that silly.
maximalists go even further and insist that there’s no viable use case for any #blockchain *except* as #money. This is as preposterous as @PeterSchiff saying something like “there’s no viable use case for metals except as money”. Not even Peter is that silly.
3/ Bitcoin maximalist “logic” is thus as follows:
1). #Bitcoin is the best #money and nothing can or will every replace it.
2). #Blockchains are and will ever only be useful for money.
3). So all other blockchains except for bitcoin are “shit” and “scams”.
1). #Bitcoin
is the best #money and nothing can or will every replace it.2). #Blockchains are and will ever only be useful for money.
3). So all other blockchains except for bitcoin are “shit” and “scams”.
4/ But #blockchains are very evidently useful for far more than money (though bitcoin’s monetary importance and advantage cannot and should not be minimized).
5/ @RaoulGMI is right. Several other #blockchain and #crypto projects have real value and important uses. Diminishing their obvious significance and value in pursuit of #bitcoin #maximalism is just as silly, petty, self-serving and ultimately self-harming...
#maximalism is just as silly, petty, self-serving and ultimately self-harming...
6/ ...as @PeterSchiff diminishing #bitcoin ’s obvious significance and value in pursuit of #gold maximalism.
’s obvious significance and value in pursuit of #gold maximalism.
