Gunnar Stødle's avatar
Gunnar Stødle gusto@primal.net 1 week ago
My main reason for dismissmissing all fiat and shitcoins is bitcoins superior properties as sound and censorship resistant money. I believe the network effects and momentum behind bitcoin prove this point. So I am not interested in any thing else. My bitcoin maxi stance is solely based on this fact. Sure there is practical limits to living on bitcoin atm, and i still use fiat to survive. But that doesn't mean I like it. Every time I touch fiat I am reminded of bitcoins superior qualities and it motivate me to continue working on personal and general bitcoin adoption. Call me a toxic maxi all you want I don't care. My bitcoin maximalism is a simple practical and rational choice. Nothing more nothing less.

Replies (15)

AndersL's avatar
AndersL AndersL@primal.net 1 week ago
One thing I don't really like about it, because I'm not to technical or cypher punk yet, is that my balance and transactions is visible. How do you view this point? Like McAfee pointed out, if you pay the shoemaker, he will be able to view your account from that point on.
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AndersL's avatar
AndersL AndersL@primal.net 1 week ago
And isn't a merchant a weak point of security because he has transaction knowledge and maybe address to a person who have made trades. This is questions I ponder atm, but sometimes to scared to express them because it alludes to not having faith in bitcoin or being put in a stall with monero maxies.
Hasn's avatar
Hasn hasn@nostrpro.com 1 week ago
Valid point. This is why a lot of people use lightning for everyday transactions and keep on chain transactions only for funding lightning wallets or savings.
AndersL's avatar
AndersL AndersL@primal.net 1 week ago
Yes, and this I have also done. But the hoops to be secure have multiplied more then I thought bitcoin was supposed to be, like cyper punk style. Though, I know this is probably on my part😆
Gunnar Stødle's avatar
Gunnar Stødle gusto@primal.net 1 week ago
I think the public ledger its essential to bitcoins design. That said you can have the level of privacy you chose in bitcoin. You can do coincontrol, go off and onchain, do collaborative transactions etc to break the Common-Input-Ownership heuristic and gain privacy all depending on your situation.
AndersL's avatar
AndersL AndersL@primal.net 1 week ago
True. But I think the community have some work to do to onboard people on the narrative, because the hoops are more difficult to be inline with the p2p e-cash. And also more and more difficult to get non-kyc bitcoin. And again, on my part, I thought I was cypher punk, but got a whole lot of breadcrumbs on my tail.
1 replies ↓
Gunnar Stødle's avatar
Gunnar Stødle gusto@primal.net 1 week ago
Off course this is always the case as long as the customer give up this info. However the merchant can help out by deleting customer information after a while and accepting business from anon customers that use a shell name and post box. I do this. And bitcoins permissionless properties allowed it to happen.
Gunnar Stødle's avatar
Gunnar Stødle gusto@primal.net 1 week ago
So you got son cleaning up to do if you want to be private. "And also more and more difficult to get non-kyc bitcoin." Yes true, maybe the easiest way going forward will be to earn it directly. Private P2P trading like @Robosats is also an option.
Stoic Compound's avatar
Stoic Compound architect@stoiccompound.com 1 week ago
Diversification into inferior assets is merely "diworsification." Holding fiat is a short position on your own purchasing power. Bitcoin is the only hedge with positive convexity against sovereign default. The "toxic" label is just the market pricing in its own cognitive dissonance.
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Rand 1 week ago
shout out>;.;<John*****
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Rand 1 week ago
we are still early/i slow my roll until i know for sure
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