Why Bitcoin Maximalism Is Critical


This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International.

It’s time to clear a few things up. While there has been a lot of digital ink spilled over the years debating the concept of Bitcoin Maximalism, we seem to be going back to some of the same arguments over and over — notably in Nic Carter’s recent Medium post and Pete Rizzo’s Forbes post.

Here are a few thoughts I want to add: Critics of Bitcoin Maximalism seem to believe that maximalists are just toxic, hoi polloi, and not technically savvy on the realities and realpolitik of the “crypto” world. Bitcoin Maximalists on the other hand tend to believe their worldview is the ethical, rational and pragmatic stance to take in a world corrupted by fiat currency. So, what does it really mean to be a Maximalist?

What Is Bitcoin Maximalism?

I view Bitcoin Maximalism as simply being the view that bitcoin will someday be global money and/or that we’ll live on a bitcoin standard. This is otherwise known as “Monetary Maximalism,” but where is the monetary Maximalist idea coming from? Generally, it is based on the idea that money is the most marketable good, and that bitcoin has superior monetary qualities. There is a tendency toward the most marketable good, as Ludwig von Mises spelled out in “Theory Of Money And Credit”:

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