TL;DR: CoinSpice scours the Twittersphere to shine light upon the top crypto tweets of the week. CoinEX CEO and founder Haipo Yang breaks down block limits. Bitcoin pioneer Jeff Garzik gives some historical perspective. BTC Maximalists continue to be exposed by holding them to their own silly standard, and Ethereum co-founder Vitalik Buterin dares to tweet heresy.
Tweets of the Week #6 Can’t Make it Right
Bitcoin is considered a store of value not for its block limit but because it’s the consensus widely established and accepted over the last decade. Block size limit does great harm to the Bitcoin and the strong BTC price can’t make it right.
— Haipo Yang (@yhaiyang) August 17, 2019
#5 It Really Does Get This Extreme
Historical note: It really does get this extreme, and sadly goes back to the earliest days of the #Bitcoin Foundation, circa 2010, when #Litecoin and other first-gen ICOs released:
"Attack anything not Bitcoin" were/are the unwavering marching orders. https://t.co/Ue66P2h2w0
— Jeff Garzik (@jgarzik) August 18, 2019
CoinSpice is fond of documenting BTC maximalism because it is untenable. Literally no one believes in it or has ever truly held to it — among those who actually live and work within crypto, that is. There are as many reasons for embracing cryptocurrency as enthusiasts, and it is that very market of ideas driving innovation and progress.
There hasn’t ever been just one store of value, medium of exchange, nor unit of account in human history. Sure, aspects of each variation have dominated, but it is precisely that working out, experimenting, and freedom of choice that is so very valuable when it comes to potential of having money separated from state control.
A good rule of thumb in crypto, if you’re relatively new to the space, is to realize most of the loudest, most obnoxious voices in tweets are paper tigers, goldfish with fake shark fins. They’re clueless, out there agitating and shilling like the peers they claim to hate. BTC maximalists wouldn’t be so laughable if they weren’t closed to basic reality; but, then again, that would go against their maximalism. As most now are discovering in plain sight, BTC maximalists are simply crafted personas for social media, “ish” on their principles, and a lot of fun to poke at.
@lopp Congrats on investing in an ERC20 project. Goodbye maximalism. Hello maximalish.
— Richard Heart (@RichardHeartWin) August 20, 2019
#3 Crafted Personas
These guys have public fake maximalist personas they’ve crafted in order to increase engagement and respect on social media, but in private they’re all selfishly trying to make as much money as they can through any dubious asset or scheme to leverage their “brand”. https://t.co/B8jRL8P4dF
— Cøbra (@CobraBitcoin) August 20, 2019
#2 Streets vs. Sheets
Bitcoin in the streets, USD in the sheets
— Anthony Sassano (@sassal0x) August 20, 2019
#1 More and More Pessimistic
I have been getting more and more pessimistic about off-chain-data L2s over time. @VladZamfir is right; they're just hard to build, require too much application-layer reasoning about incentives, and hard to generalize.
— Vitalik Non-giver of Ether (@VitalikButerin) August 21, 2019
#0 Presented Without Comment
“I was never meant to be a warrior. My only love was science.” pic.twitter.com/MofnCWyAMJ
— Samson Mow (@Excellion) August 17, 2019
DISCLOSURE: The author holds cryptocurrency as part of his financial portfolio, including BCH.
CONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.