Does Maximalism Help or Hurt Bitcoin? Lyn Alden and Udi Wertheimer Debate - Ep. 417

Lyn Alden, founder of Lyn Alden Investment Strategy, and Udi Wertheimer, a recovering Bitcoin maxi, talk about Bitcoin Maximalism, how Bitcoin is developing, and what’s the future of Bitcoin’s security model.

Show highlights:

What the definition of Bitcoin maximalism is

whether BTC maximalism is toxic

whether Vitalik Buterin is still a bitcoiner and how Bitcoiners became the 'token police', according to Udi

why Lyn thinks Bitcoin has been attacked by the media since the beginning

the attacks by Bitcoin maximalists on Nic Carter and Andreas Antonopoulos

how adoption kicked in during previous cycles and why it benefitted BTC

what the different types of Bitcoiners are

what developments are being made around Bitcoin

the importance of Bitcoin being permissionless

what the use cases for Bitcoin are and whether it’s still a highly speculative asset

whether people care about using decentralized payment tools

how Lyn defines ‘ultra sound money’ and why she thinks that Bitcoin is better at that than ETH

whether Bitcoin’s security model needs to be fixed

why being able to run a node is essential for censorship resistance

Take Unchained's 2022 survey!
Unchained is doing its annual survey. Tell us how you think we’re doing and how we could improve, whether it be on the podcast, in the newsletter, or in our premium offering. Looking forward to hearing your thoughts!

Thank you to our sponsors!
Crypto.com
Chainalysis
Minima

Udi:

Twitter

Substack

Previous Unchained episodes:

Why Bitcoin Maximalism Is ‘Like a Shitcoin Community’

Lyn:

Twitter

Website

Previous Unchained episodes:

How Will Inflation Impact Crypto?

Is Ethereum a Good Investment?

Why Bitcoin Now: Meltem Demirors and Lyn Alden on the Perfect Conditions for Bitcoin

Episode Links
Previous Coverage of Unchained:
Is Bitcoin Doomed to Fail? Eric Wall and Justin Bons Face Off

Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH

With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold?

Bitcoin’s culture and security

Bitcoin Maximalism Is Dead, Long Live Bitcoin Maximalism by Pete Rizo

Setting the record straight by Nic Carter

The Rise and Fall of Bitcoin Culture by Paul J. Dylan-Ennis

Geeks, MOPs, and sociopaths in subculture evolution by David Chapman

Surprisingly, Tail Emission Is Not Inflationary by Peter Todd

Justin Bons’ thread on BTC security model

A (brief and incomplete) history of censorship in /r/Bitcoin by John Blocke

Ultra sound money