Re:Show HN: The Bitcoin Note – Secure, Self-Custodial Bitcoi...
by fleddr on Tuesday June 07, 2022 @06:11PM
(#31660665)
That's not an accurate description of BTC maximalism.
Usually a BTC maximalist means that within the context of crypto, they are BTC only and aggressively and passionately reject every other crypto token. This is what you call call a common maximalist stance.
Out of that group, a small minority is a believer in "hyperbitcoinization". This is an event where BTC becomes the dominant asset class, at the expense of gold, bonds, etc, with a market cap prediction for BTC ranging from 10-100T.
Even people with that (unlikely) hope, do not claim any currency replacement, only an asset shift.
Usually a BTC maximalist means that within the context of crypto, they are BTC only and aggressively and passionately reject every other crypto token. This is what you call call a common maximalist stance.
Out of that group, a small minority is a believer in "hyperbitcoinization". This is an event where BTC becomes the dominant asset class, at the expense of gold, bonds, etc, with a market cap prediction for BTC ranging from 10-100T.
Even people with that (unlikely) hope, do not claim any currency replacement, only an asset shift.