Bankless Rejecting Bitcoin Fundamentalism | Dan Held
Oct 12, 2022
Dan Held, a prominent Bitcoin educator and former Kraken director, dives into the divisive world of Bitcoin Fundamentalism. He explores the emerging rifts within the Bitcoin community, questioning the rise of extreme ideologies. Held discusses the cultural shift from fundamentalism to a more pragmatic approach, advocating for inclusivity and collaboration. He highlights the historical context of conflicts like the block size wars and the urgent need for improved communication as the community evolves. Tune in for insights that could reshape Bitcoin's future!
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Bitcoin Fundamentalism Defined
- Bitcoin fundamentalists insert subjective cultural elements into Bitcoin's ethos.
- They claim things like earning yield is usury, contradicting Bitcoin's free-market principles.
Block Size Wars Aftermath
- The block size wars created a "Bitcoin army" with no external enemy.
- Now, this "army" attacks internal perceived impurities, like Nick Carter’s non-Bitcoin investments.
Nick Carter's "Cancellation"
- Nick Carter’s investment in a non-Bitcoin identity company sparked outrage among Bitcoin fundamentalists.
- Carter's reaction to the criticism fueled the mob further, according to Held.