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Speaking for myself, I'm not a Bitcoin maximalist, but I and many others who have been given that rubric tend to be trust minimalists, i.e. tend to favor assets that reduce our vulnerability to strangers. Privacy is another good way of doing that.
Crypto attracted tons of entrepreneurs & investors who didn't understand that trust minimization is what most makes crypto assets unique & valuable. They built & bought hundreds of alts more vulnerable to politics than Bitcoin & a very few others. Last c. 2 years selling.
Thanks - I do appreciate your straight response in despite of my kind of mocking tweets.
Back in June, I wrote an article that touches on exactly that - how profit-chasers have been eroding the cypherpunk essence of BTC for years. At the end, it mentions what the team behind XSN has been doing to permanently bring that essence to exchanges.https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180 …
it's how they're taught to think in MBA programs. Not entirely their fault.
It has instigated many a race to the bottom, but I suppose you're right. "If it can be and it benefits me, then so be it." That seems to be the logic
Similar dynamic happened when joint stock corporations became a thing in 1609. Also revolutionized human organization though
A blessing and a curse, like precision time-telling, bureaucracy, and social media. All beneficial things in moderation that are equally capable of enslaving people.
I hope I don't come off as disingenuous in sharing this with you. It is hard to talk about good solutions for some of the major problems with crypto's infrastructure without coming off as a filthy shill. I respect you too much to just shill you some altcoin.
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