Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate - Ep. 417

Lyn Alden, founder of Lyn Alden Investment Strategy, and Udi Wertheimer, a recovering Bitcoin maxi, talk about Bitcoin Maximalism, how Bitcoin is developing, and what’s the future of Bitcoin’s security model. 

Show highlights:

• What the definition of Bitcoin maximalism is
• whether BTC maximalism is toxic
• whether Vitalik Buterin is still a bitcoiner and how Bitcoiners became the 'token police', according to Udi
• why Lyn thinks Bitcoin has been attacked by the media since the beginning
• the attacks by Bitcoin maximalists on Nic Carter and Andreas Antonopoulos
• how adoption kicked in during previous cycles and why it benefitted BTC
• what the different types of Bitcoiners are
• what developments are being made around Bitcoin
• the importance of Bitcoin being permissionless
• what the use cases for Bitcoin are and whether it’s still a highly speculative asset
• whether people care about using decentralized payment tools
• how Lyn defines ‘ultra sound money’ and why she thinks that Bitcoin is better at that than ETH
• whether Bitcoin’s security model needs to be fixed 
• why being able to run a node is essential for censorship resistance

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Udi:

• Twitter
• Substack
• Previous Unchained episodes:
• Why Bitcoin Maximalism Is ‘Like a Shitcoin Community’

Lyn:

• Twitter
• Website
• Previous Unchained episodes:
• How Will Inflation Impact Crypto?
• Is Ethereum a Good Investment? 
• Why Bitcoin Now: Meltem Demirors and Lyn Alden on the Perfect Conditions for Bitcoin

Episode Links

• Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off
• Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH 
• With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?

• Bitcoin Maximalism Is Dead, Long Live Bitcoin Maximalism by Pete Rizo
• Setting the record straight by Nic Carter
• The Rise and Fall of Bitcoin Culture by Paul J. Dylan-Ennis
• Geeks, MOPs, and sociopaths in subculture evolution by David Chapman
• Surprisingly, Tail Emission Is Not Inflationary by Peter Todd
• Justin Bons’ thread on BTC security model
• A (brief and incomplete) history of censorship in /r/Bitcoin by John Blocke

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