Is Bitcoin Maximalism Failing?

Is Bitcoin Maximalism Failing?

Muneeb Ali, founder of Stacks, recently made a bold statement on Bitcoin maximalism. Ali took to Twitter ($TWTR@US), saying, “Bitcoin maximalism is limiting the growth of Bitcoin.” While Ali has called himself a “Bitcoiner”, he also said that, “bitcoin maximalism assumes a zero-sum world. However, we’re in an expanding crypto economy.” His comments point to those who attack developers or shun “new use-cases.” As a result, he believes that innovators will retreat to other crypto ecosystems like Ethereum and Solana. Ali also tweeted that “Maximalists have called Ethereum a scam for years now. This has not stopped the growth of Ethereum.” Ali is right. Ethereum recently reached an all-time high of well over $4 thousand this year, and it looks to continue growing for the foreseeable future. As for Bitcoin, the token has soared in 2021, reaching all-time highs well over $60 thousand. At press time, Bitcoin was trading over 4 higher, sitting just over $51 thousand. Stacks was up nearly 8 at $2.40.


User: Benzinga

Views: 17

Uploaded: 2021-12-07

Duration: 01:01