I'm a Bitcoin Centrist.

Bitcoiners don't like labels, but we need a term differentiating from Bitcoin maximalists. Call it progressives, centrists, moderates, or simply Bitcoiners, but we need to distinguish ourselves from the loud maximalists. 🧵
1/ Bitcoin will attract people with different beliefs and views, and we shouldn't expect all Bitcoiners to think alike. It is, however, essential to realize that maximalists are a loud minority.

Let's look at some ways maximalists differ from centrists like me.
2/ A Bitcoin centrist likes Bitcoin as sound money but is open to other assets.

A Bitcoin maximalist hates all non-Bitcoin crypto assets (extreme view).
3/ A Bitcoin centrist holds BTC as a major portfolio position.

A Bitcoin maximalist holds BTC as the only portfolio position.
4/ A Bitcoin centrist has a positive-sum mindset; we all win in a growing crypto economy.

A Bitcoin maximalist has a zero-sum mindset; other cryptos are hurting BTC.
5/ A Bitcoin centrist believes BTC is more valuable as a productive asset.

A Bitcoin maximalist thinks that BTC is primarily for (passive) holding.
6/ A Bitcoin centrist believes in the power of crypto incentives.

A Bitcoin maximalist will rather have ghost town projects than use other tokens.
7/ A Bitcoin centrist thinks that Bitcoin can be the center of gravity and bridge to other chains.

A Bitcoin maximalist ignores the existence of other chains and thinks they're "scams."
8/ A Bitcoin centrist believes that developer traction and new apps are important to grow Bitcoin.

A Bitcoin maximalist thinks that Bitcoin does not need new use cases.
9/ A Bitcoin centrist is paranoid that if we become complacent, another project can take away the #1 spot from BTC.

A Bitcoin maximalist thinks Bitcoin already won, and nothing can replace it as the #1 cryptocurrency ever.
10/ A Bitcoin centrist is open to innovations, assumes good intentions by entrepreneurs and devs.

A Bitcoin maximalist is skeptical of new things, views them from a "scam" lens.
11/ A Bitcoin centrist is a realist that adapts to the changing industry.

A Bitcoin maximalist is an idealist that sticks with the same views.
I'm a Bitcoin centrist, and we're the silent majority. It's time to put maximalism in its box and work on growing the Bitcoin economy.

We need to focus on dev traction and break from the tired maxi attitudes.

Onwards and upwards! 🚀

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More from @muneeb

23 Dec 21
Bitcoin maxi paradoxes:

- Love decentralization yet use centralized exchanges (no DEX for BTC).

- Love free markets yet hate venture capitalists (free market actors).

- Love open-source yet hate an entire revolution of new open-source apps.
- Love freedom to do what you want but don’t work on non-Bitcoin things please.

- Love freedom of speech but will censor devs from Bitcoin podcasts.

- Love Bitcoin as best money but only hold as passive asset please.

- Love truth-seeking but create thought bubbles to live in.
I love Bitcoin, am long BTC & have worked in the Bitcoin ecosystem for years. I have several friends who are on the maximalist side, but oh man, the discourse is rapidly getting worse!

Where is the open-minded, freedom-loving, intellectually curious community of 6-7 years ago?
Read 5 tweets
21 Dec 21
The people will own web3.

VCs have reduced power and ownership in crypto protocols. Tweet thread👇
1/ Founders, VCs, and employees primarily owned web2 companies. The general public couldn’t participate in any economic upside for the first 10+ years.
2/ Web3 protocols are different. These are not companies.

These protocols can launch through mining-only (e.g., Bitcoin, CityCoins), regulated public offerings (e.g., Stacks), Reg S, and Reg CF (e.g., on platforms like CoinList and Republic).
Read 12 tweets
6 Dec 21
Bitcoin maximalism is limiting the growth of Bitcoin.

Retweet for visibility if you agree.

Tweet thread👇
1/ Bitcoin maximalism as a strategy for growing Bitcoin is failing.

The maximalist narrative has lost touch with reality. I say this as a Bitcoiner who started in 2013. I’ve held BTC through multiple bear markets & spent years building apps & protocols on Bitcoin.
2/ Bitcoin maximalism assumes a zero-sum world. However, we’re in an expanding crypto economy.

Attacking developers and new use-cases doesn’t help Bitcoin. It only encourages those developers and use-cases to move to other ecosystems like Ethereum and Solana.
Read 13 tweets
11 Nov 21
The bullish case for Bitcoin: beyond sound money.

Tweet thread👇
1/ Bitcoin found product-market fit as decentralized sound money.

People are already using it as an inflation hedge.

Estimates for future Bitcoin value range from $10 trillion (gold market cap) to $100+ trillion (subset of global wealth).
2/ The bullish case for Bitcoin as sound money is already well explored.

I recommend people to read this excellent article by @real_vijay:
Read 10 tweets
29 Oct 21
Bitcoin NFTs represent Bitcoin culture.

This is a powerful emerging trend.

Tweet thread👇
1/ Humans are social animals. We thrive in communities.

Every community has its own culture represented in stories, art, symbols, and values.
2/ Digital communities have their shared culture going beyond physical borders.

In an increasingly digital world, digital communities become increasingly more important than geographic ones.
Read 13 tweets
24 Oct 21
I've been politely responding to criticism from @adam3us @notgrubles for weeks.

It's time to set the record straight RE Liquid vs. Stacks.

Please retweet to help educate people.

Tweet thread👇
1/ First of all, I highly respect the contributions of Adam Back and Grubles. We can disagree on some topics, but that does not take away my respect for them.

Let's dive into their criticism of Stacks and how it compares to the work they prefer: Liquid.
2/ Liquid is a federated (closed) network where you trust a handful of signers to operate the network and secure your LBTC (a Bitcoin-derived asset). 

Liquid has no connection to Bitcoin other than using LBTC, i.e., no connection for consensus, smart contracts, security, etc.
Read 17 tweets

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