This Week in Startups News! The cult of Bitcoin maximalists, Bezos is going to space, & Facebook’s smartwatch | E1230
Jun 11, 2021
Dive into the intriguing world of Bitcoin toxicity where maximalists are likened to a cult. Explore the high-stakes risks of Jeff Bezos venturing into space and the ethical dilemmas it poses. The discussion shifts to Facebook's potential entry into the smartwatch market, spurred by competitive pressures from Apple’s privacy policies. From crypto obsession to corporate innovations, this conversation uncovers the complexities, risks, and innovations shaping the tech landscape.
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Bitcoin Toxicity as a Strategic Tool
- Bitcoin maximalists exhibit cult-like behavior, attacking anyone who questions Bitcoin's supremacy.
- This toxicity is a strategic attempt to enforce adoption, crucial for Bitcoin's future as a currency.
Bitcoin Conference Intolerance
- At the Bitcoin 2021 conference, attendees were instructed to only discuss Bitcoin, other cryptocurrencies were forbidden.
- Mentioning other cryptocurrencies resulted in booing and attacks, demonstrating cult-like intolerance.
Max Keiser and Elon Musk's Exchange
- Max Keiser's manic outburst at the Bitcoin conference, yelling "F*** Elon," exemplifies the volatile, emotional behavior.
- Elon Musk responded on Twitter “dot, dot, dot is a hell of a drug.”, highlighting the irrational exuberance.