The Role of Bitcoin Maximalism with Udi Wertheimer

“I don’t know if it relates to the whole block size war thing in 2017, I don’t know if it’s something else, but we changed the focus. The focus is not really on Bitcoin anymore. It’s on all the things that Bitcoin isn’t.” — Udi Wertheimer Udi Wertheimer is an independent developer and consultant, and an active member of Bitcoin’s Twitterverse. In this interview, we discuss the evolved status and definition of Bitcoin maximalism, what success for Bitcoin means, and how Bitcoiners should interact with crypto investors. - - - - Nearly 2 years ago I interviewed Udi to discuss Bitcoin, Ethereum and maximalism. He’s an important voice as, whilst being a Bitcoin advocate, Udi also provides valid critical analysis. As the merits and risks of Bitcoin maximalism are again at the forefront, it is valuable to hear his current views. The fundamental issue is whether maximalism is a net positive or negative for #Bitcoin. The difficulties start with defining maximalism, and what unique utilities of Bitcoin maximalists are to coalesce behind. Is it a movement to protect the technical development of Bitcoin i.e. protecting monetary policy, protecting the protocol? Or is maximalism a cultural phenomenon predicated on developing a moral framework that seeks to provide refuge from more brutal capitalist behaviours? Does maximalism need to be unrelenting in its dismissal of other developments within crypto for the purposes of protecting green retail investors from scams? When, if ever, does defence need to become attack? Maximalism has served as a moral check on the development of Bitcoin. Adherents are right to treat manifestations of the status quo with suspicion. However, there is a delicate line to be taken. History is littered with examples of principled movements being radicalized into counter productive factions. - - - - This episode’s sponsors: Gemini - Buy Bitcoin instantly BlockFi - The future of Bitcoin financial services Bitcasino - The Future of Gaming is here Pacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022 Ledger - State of the art Bitcoin hardware wallet Compass Mining - Bitcoin mining & hosting Cake Wallet - Open-source, privacy-focused Bitcoin wallet BCB Group - Global digital financial Services ----- WBD529 - Show Notes ----- If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following: Become a Patron and get access to shows early or help contribute Make a tip: Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S QR Codes: Bitcoin If you do send a tip then please email me so that I can say thank you Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed Leave a review on iTunes Share the show and episodes with your friends and family Subscribe to the newsletter on my website Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.