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:

Eric:

Previous Coverage of Unchained:

Bitcoin Culture and Security

Ultra sound money

El Salvador:

El Salvador’s Bitcoin Paradise Is a Mirage by Nelson Rauda

 

Read the episode transcript here