Thoughts on Bitcoin Maximalism - Sesterce Podcast - Ep 25

Written by
Sesterce Team

Thoughts on Bitcoin Maximalism - Sesterce Podcast - Ep 25

Written by
Sesterce Team

Thoughts on Bitcoin Maximalism - Sesterce Podcast - Ep 25

Written by
Sesterce Team

Thoughts on Bitcoin Maximalism - Sesterce Podcast - Ep 25

Bitcoin maximalism commonly referred as  Bitcoin maxi is a term refer to those who can be considered as the ultimate bullish for Bitcoin. They are willing to wage Twitter war for it.

lets talk about the maximalism and understand the history, its drawbacks and benefits of this behavior.

Bitcoin Vs other traditional payment methods

As Bitcoin is now officially a legal tender in El Salvador.  We're going to compare bitcoin to other traditional payment methods. You're going to see that bitcoin is a much more disruptive technology than you ever believed. it's a new form of money that never existed before. I'm going to explain why I hope you're excited but before we start make sure to subscribe to the channel for more content follow us on Twitter and like this video now without further ado let's get started.

All right so the subject of today is going to be bitcoin of course as always but we're going to talk about Bitcoin in a slightly different way. I'm going to talk about bitcoin as a new context type well and of course, what do I mean by that well you know by now that a bitcoin transaction is assigned a data structure that can be executed anywhere in the world.
Even though a lot of people think that a bitcoin transaction has to be transmitted somehow to the bitcoin network, that is not the case a bitcoin transaction has to reach the miners and be included in a block but it doesn't need to be transmitted over the bitcoin network there's nothing special about the bitcoin network. It just forwards transactions and blocks and a transaction can be transmitted over any form of communication medium the security in bitcoin is not in the transaction it is in the proof of work system, that is provided by the miners and the digital signatures on the transaction that is put there by the end-users with the keys that they hold.
So what I mean by that is that there is nothing sensitive or secret in a bitcoin transaction. So let's compare that to the actual traditional banking system and the least I can say is that credit cards are insecure by design.

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