Eric Wall and Udi Wertheimer on Why Bitcoin Maximalism Is Like a Shitcoin Community - Ep. 412
Eric Wall, crypto blogger and investor, and Udi Wertheimer, a recovering Bitcoin maxi, discuss everything about Bitcoin Maximalism, whether BTC can survive, and whether Ethereum constitutes a threat for Bitcoin.

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Show highlights:
🔹 how Eric and Udi got involved with Bitcoin
🔹 what Bitcoin was like in the first days
🔹 how Bitcoin maxis appear to have a script to engage in discussions
🔹 the philosophy behind Bitcoin maximalism
🔹 why Eric believes Bitcoin maximalism is like a “weird cult”
🔹 how Eric thinks that the BTC community has an unspoken rule forbidding criticisms
🔹 whether Bitcoin has lost intellectual power
🔹 why people have recently been turning away from Bitcoin maximalism
🔹 why the poor Bitcoin culture doesn't mean it's the end for Bitcoin, according to Eric
🔹 the perception of the Lightning network and how people are not interested in faster blockchains
🔹 whether Bitcoin should increase the use cases of the blockchain, like DeFi, NFTs, and stablecoins
🔹 El Salvador's adoption of BTC and whether it had an impact
🔹 what happens to internet subcultures and how the behavior of Bitcoiners could be predicted
🔹 whether Ethereum is a threat to Bitcoin

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Time Stamps:
00:00:00 Intro
0:53 Udi's and Eric's backgrounds
05:11 Bitcoin culture in the old days
12:54 The philosophy behind Bitcoin maximalism
18:55 The cult of Bitcoin
22:58 BTC criticism
31:48 The turn on BTC maximalism
48:32 Lightning network
53:17 DeFi and NFTs on Bitcoin
1:07:54 El Salvador
1:11:59 Internet subcultures
1:14:07 Ethereum competition
1:18:00 Wrap up

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#bitcoin #ethereum #crypto #cryptocurrencies
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