The Case for "Bitcoin Maximalism"

The Case for "Bitcoin Maximalism"

Crypto Wednesday: Brad Mills, host of Magic Internet Money Podcast and partner at Xsquared Ventures, joins Ash Bennington, Real Vision senior editor, to discuss everything Bitcoin—from the Block Size Debate in 2017 to the philosophical vs investment reasons for owning Bitcoin and misinformation around the Bitcoin narrative, this interview covers it all. Mills explains that while Bitcoin Maximalists have been around as early as 2014 during the first alt season, the community was more harmonious as there was an understanding that Bitcoin was going to be the winner and what everyone was striving for. Altcoins were instead seen as experiments that one could mine, sell, or trade for more bitcoins. Come 2017, there had been a shift in mentality where many VCs were simply trying to redo Bitcoin. Mills goes on to explain that the ICO boom triggered a reaction, causing "Toxic Bitcoin Maximalism," a response to those falsely aligning with Bitcoin while trying to shill their subscriptions and exchanges or capture volume on their stable coins or altcoins. Recorded on April 1, 2021. Key Learnings: Fundamentally, the view of original Bitcoiners is that they do not want Bitcoin to be taken over or influenced by corporations in a way that is not in consensus with the node runners and developers of the network. In the eyes of these Bitcoiners, if corporations set the rules of Bitcoin because they have all the money, what precedent is set for governments? Further, the core tenant of Bitcoiners is that decentralization is most important and must be retained above everything else—even price and adoption. Mills goes on to state that the most important thing Satoshi did when inventing Bitcoin is that you could have consensus achieved on a ledger in a way that no government could shut down. Censorship resistance is the most important thing to any blockchain, and if there is no resistance, it should not be a considered a blockchain. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jaksot(2008)

The Knock-On Effect #19 - Elections, Payday Loans & Stolen Goods

The Knock-On Effect #19 - Elections, Payday Loans & Stolen Goods

If the Republicans maintain control of Congress, why might it become easier to buy stolen goods by accident? Alex and Justine discuss, also touching on wordy regulations, the emotional reaction to wealth disparities, and Justine's mixed driving record. Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Loka 201847min

The Knock-On Effect #18 - Why will trucking surveillance lead to problems for holiday shoppers?

The Knock-On Effect #18 - Why will trucking surveillance lead to problems for holiday shoppers?

Why does a recent mandate for increased workplace surveillance spell trouble for retailers? Justine and Alex discus — also touching on implanted microchips, byzantine trucking regulations, and Alex’s affinity for “the open road.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Loka 201845min

The Knock-On Effect #17 - Why does increased NASA funding mean Qatar could lose an honor?

The Knock-On Effect #17 - Why does increased NASA funding mean Qatar could lose an honor?

Who stands to profit from the next era of space exploration? Alex, Justine and Roger discuss, touching on international space law, libertarians on Mars, and Justine's favorite intergalactic snack food. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Syys 201830min

The Knock-On Effect #16 - Online ads and grocery store shifts?

The Knock-On Effect #16 - Online ads and grocery store shifts?

What impact will the growth of online advertising have on your local grocery store? Justine, Alex and Roger discuss — also touching on cookie wars, mysterious Senate hearing testimony, and Roger’s favorite breakfast. Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Syys 201840min

The Knock-On Effect #15 - South African Meat and Large-Cap Tech

The Knock-On Effect #15 - South African Meat and Large-Cap Tech

What does cheaper South African biltong have to do with a rally in large-cap U.S. tech stocks? Roger, Justine and Alex discuss the knock-on effects of the shifts in emerging market currencies— also touching on earnings excuses, the myopic U.S. rally, and romantic questions. Learn more about your ad choices. Visit podcastchoices.com/adchoices

14 Syys 201825min

The Knock-On Effect #14 - Why will asthma cases change cargo shipping?

The Knock-On Effect #14 - Why will asthma cases change cargo shipping?

What impact will the proliferation of asthma have on innovation in the cargo shipping industry? Justine and Alex discuss in this podcast-only episode of the Knock-On Effect, also touching on massive kites, the dregs of the fuel-making process, and Alex’s Model UN days. Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Syys 201830min

The Knock-On Effect #13 - Why China’s waste ban matters

The Knock-On Effect #13 - Why China’s waste ban matters

Why will China’s efforts to clean up its image put more water bottles inside shoes, lead to a recycling black market and raise the costs for shipping garbage? Alex and Justine discuss — also touching on virgin plastics, the voyage of a garbage barge in the 1980s, and the Polish trash mafia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

31 Elo 201847min

The Knock-On Effect #12 - Turkey Troubles and Spicy Hazelnuts

The Knock-On Effect #12 - Turkey Troubles and Spicy Hazelnuts

Why will the crisis in Turkey lead hazelnuts to be covered in wasabi? Alex and Justine discuss — also touching on Nutella, “hot money,” and Japanese snacking habits. Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Elo 201826min

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