Choose Your Fighter: Bitcoin vs. Fiat Maximalists in the Monetary War

• Bitcoin maximalists have had a difficult year due to the recent price drawdown and criticism from mainstream sources.
• Bitcoin maximalists and fiat maximalists have some similarities in their structure, but differ dramatically in how they attempt to achieve their goals.
• The author compares the two sides as if it were a “choose your fighter” paradigm, looking at which argument, ideology, and strategy is best for monetary dominance.

Bitcoin maximalists have had a tumultuous year. From the price drawdown to being lambasted by mainstream sources, it has been a trying time for those invested in the crypto space. However, in spite of the hardships, Bitcoin maximalists remain steadfast in their beliefs. Centralized, authoritarian counterparts, referred to here as fiat maximalists, attempt to maintain an air of superiority in the mainstream. While both sides have some similarities in their structure, how they each attempt to achieve their goal is where they differ dramatically.

To better understand the nuances of each side, the author looks at the “choose your fighter” paradigm. This metaphor looks at which argument, ideology, and strategy is best for monetary dominance. Bitcoin maximalists focus on Bitcoin, share criticism of other technologies, and are constantly preaching the virtues of Bitcoin. In contrast, fiat maximalists are focused on maintaining the status quo and using their centrally-controlled authority to enforce their beliefs.

From an argument standpoint, Bitcoin maximalists have the most compelling stance. They argue that decentralization is the best way to provide financial freedom, reduce volatility, and create trustless networks. On the other hand, fiat maximalists argue for the maintenance of the status quo and the idea that centralized authorities are necessary for the stability of the financial system.

Ideologically, Bitcoin maximalists are proponents of free-market economics and personal freedom. They are against government intervention in the economy and believe that individuals should be allowed to make their own decisions. On the other hand, fiat maximalists believe in the importance of government intervention and regulation in order to maintain order in the financial system.

Strategically, Bitcoin maximalists are focused on the long-term goal of creating a sound monetary system. They are focused on building the infrastructure and gaining adoption to make Bitcoin a viable long-term currency. Fiat maximalists, on the other hand, are focused on the short-term goal of maintaining the status quo. They are focused on maintaining their power and authority, rather than creating a sound monetary system.

In conclusion, Bitcoin maximalists and fiat maximalists have their differences, but they are both vying for the same goal: a sound monetary system. It is up to each individual to decide which side they are on and to choose their fighter when it comes to the future of money.