‘Bitcoin Maximalists’ Impossible Dream’ – Forbes | $3,827.22

If currencies are fundamentally tribal, how can Bitcoin possibly become the “new gold standard”, as maximalists dream? Humans don’t take kindly to attempts by other tribes to eliminate their tribal symbols and impose those of another tribe. They have to be persuaded, not coerced. Currently, Bitcoin maximalists can’t even persuade other Bitcoiners to support their coin. The idea that they could persuade all the people of the world to throw away their tribal currencies and adopt their version of Bitcoin is laughable. When’s the next fork, by the way?

Bitcoin has shown us the tribal nature of currencies. For that, we should be grateful. But Bitcoin becoming the One True Currency for the whole world? No, that is an impossible dream.

Eulogy made by Frances Coppola


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