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zuzu
npub1cw5…sqya
2023-02-21 20:55:39

zuzu on Nostr: Bitcoin Maximalism does not mean a static state in which you put all your money into ...

Bitcoin Maximalism does not mean a static state in which you put all your money into bitcoin (instead of shitcoins) and go to sleep.

Bitcoin Maximalism is not against innovation or change but aspires innovation to happen following bitcoin's principle of absolute decentralization. Maximalism means guarding or being on the watch for centralization traps:

- Mining equipment produced mainly by one company Bitmain
- Centralization of node operation with Voltgage or Umbrel
- One entity holding too large number of bitcoins like DCG, Teraform Labs or even Microstrategy
- One main manufacturer of hardware wallets like Ledger
- Bitcoin trading happening mostly on Binance or Coinbase
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please add to the list.

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