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The Future of Bitcoin with Nic Carter, Eric Wall, & Udi Wertheimer
Bankless
why Bitcoin Fundamentalists may lack perspective
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Bitcoin fundamentalists have a different perspective on the purpose of Bitcoin. They believe that the purpose of Bitcoin is to exclusively mediate monetary transactions, particularly for the underserved in the global south. They view certain transactions as sacred, such as using Bitcoin to escape authoritarianism or for basic purchases, and view other transactions as profane, such as settling JPG transactions. They prioritize the right use of Bitcoin over its long-term sustainability and argue against incorporating NFTs or tokens like BRC 20s. Bitcoin fundamentalists do not prioritize making money with Bitcoin and see it more as an obligation or religious duty to convert savings into Bitcoin. They have a spiritual, ascetic approach to Bitcoin rather than a financial motive.
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