Ethics of Bitcoin Maximalism with Pete Rizzo - WBD419

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 4 November 2021

⏱️ 95 minutes

🔗️ Recording | iTunes | RSS

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Summary

Location: New York
Date: Wednesday 27th October
Company: Kraken & Bitcoin Magazine
Role: Editor

The role of Bitcoin maximalism is a hugely divisive topic. As a decentralised network, Bitcoin has no leaders or spokespeople to counter false information or fend off an attack.

In the absence of leaders, bitcoiners from all over have become an important immune system for the network. They protect the protocol from bad actors, false narratives and prevent anyone from gaining too much influence over the network.

This has proved highly effective and has been key throughout the history of Bitcoin. Most notably during the scaling wars that culminated in 2017.

However, for all the good toxic maximalism has done, it can, at times, go too far. But in a world headed to hyperbitcoinisation, is Bitcoin maximalism an important ethical stand to take?

In this interview, I talk to Pete Rizzo, the Editor at Kraken & Bitcoin Magazine. We discuss the ethics of bitcoin maximalism, its role in protecting bitcoin, and the path to hyperbitcoinisation.

Transcript

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0:00.0	Humanity has
0:02.0	been generally progressed by moving through shifts and thought.
0:06.0	There was the Renaissance, there was the Enlightenment,
0:09.0	there was the Dark Ages, right?
0:11.0	Now we live in the artland.
0:13.0	Bitcoin has the reaction to that.
0:15.0	Bitcoin will fix that problem.
0:18.0	Hello there, how are you all?
0:20.0	Welcome to the What Bitcoin did podcast,
0:22.0	which is brought to you by Gemini, the only place I'm using for buying Bitcoin.
0:25.4	I'm your host, Peter McCormack, and before we get into today's interview, I do have a message from my amazing show sponsors.
0:31.9	This show is brought to you by Ledger, the
0:34.2	world's most popular hardware wallet. Now a Hardware wallet allows you to take custody of
0:38.8	your Bitcoin and I have been a Ledger customer since early 2017 and I'm still using that same
0:45.1	Nanowess I bought back then. Now Ledger makes it easy for you to safely manage
0:49.5	your Bitcoin using the Ledger Live software which interfaces with your device and you can now
0:54.4	connect your nanoes to your Android phone to manage your Bitcoin on the go.
0:58.0	If you want to find out more please head over to Ledger.com which is L-E-D-G-E-R-com.E-R-D-G-E-R-D-G-E-R-D-G-E-R-T-O-K-O-K-O-K-O-K-O-K-O-T-O-T-O-T-O-O-T-O-O-O-O-T-O-O, which is L-E-E-G-G-E-O-O-O-O-O not sold a single sat with Gemini because I'm a toddler and we are in a ball market.
1:15.0	Now I have been using the Gemini app for buying the Dips and I also set up my DCA with twice monthly buys of
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	...

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