Unchained

Eric Wall and Udi Wertheimer on Why Bitcoin Maximalism Is 'Like a Shitcoin Community' - Ep. 412

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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. 

 

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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    Udi:

    • Twitter

    Eric:

    • Twitter
    • Medium

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      Episode Links

       

      Previous Coverage of Unchained:

      • Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off
      • Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH 
      • With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?

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        Bitcoin Culture and Security

        • The Rise and Fall of Bitcoin Culture by Paul J. Dylan-Ennis
        • Geeks, MOPs, and sociopaths in subculture evolution by David Chapman
        • Surprisingly, Tail Emission Is Not Inflationary by Peter Todd
        • Justin Bond’s thread on BTC security model
        • A (brief and incomplete) history of censorship in /r/Bitcoin

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          Ultra sound money

           

          El Salvador:

          • Previous Coverage of Unchained: Bitcoin in El Salvador: Why Would Cypherpunks Support Government-Mandated Bitcoin Adoption?
          • El Salvador’s Bitcoin Paradise Is a Mirage by Nelson Rauda

             

             

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            UnchainedBy Laura Shin