What is the Bitcoin maximalist point of view? And so it took the market proving to me that I was missing something so fervently that I had to go look into.
And it didn’t make sense because I was coming from this world view, this business person, worldview, this investing worldview of technology’s all about innovation and having a diversified portfolio in innovation. And it was so hardcore, the, the people who were Bitcoin only were pretty gruff characters and pretty intense. Every time that would peek into, this was, I formed my opinions about Bitcoin maximalism in 2016 and period. Yeah, I think that it really took like being so wrong that I was open to considering what the crazy Bitcoin maximalists were talking about. Like what made you stop and rethink that idea? I had to be disabused of that notion through a terrible, terrible bear market. And you would be smart to diversify and invest in up and coming projects.
And I had to be bludgeoned to be disabused of my notion that this was like the internet 2.0 that this asset class was something where a multicoin future would exist. And I was humbled, Bitcoin humbles everyone. I thought I was onto something and then massively underperformed Bitcoin in 2018. And then I rode it all the way back down you know altcoins outperformed Bitcoin in 2017. And the ethos that I was immersed in was very much the internet playbook, internet investing, technology investing the sort of venture capitalist mindset about trying to invest in innovation to have a diversified portfolio of up and coming new projects in an emerging technology space, sort of the Silicon Valley established wisdom after several decades of learning in technology investing.Īnd so I was an altcoiner from 2016, until 2019 and that worked great on the way up. And so I stumbled down the Ethereum rabbit hole back in 2016. And I was smart enough to realize that they were excited for some reason, and I didn’t understand, and I should try to find out more. I come from a business background I got an MBA, ‘the best business school in the world’ that when I was there, some of the more technical people in my class were buzzing about Ethereum actually. So, a little bit of a background about sort of how I stumbled into it all. So let’s hear a little bit about you, obviously I know you’re under a pseudonym so don’t dox, anything about yourself, but maybe just, what was it that appealed to you about Bitcoin? And also some of the images you’ve been doing, you’ve really helped in some ways, clarify and simplify some of the material that I, and many others have been talking about for years, but just putting it in really simple and easy to understand terms. You also had one about the speculative attack, well kind of like a continuation of Pierre Rochard’s speculative attack idea. I like a bunch of your articles and content you’ve been making. So Croesus, I’ve been following some of your work. Follow me on twitter Subscribe to the podcast.Article: Why The Yuppie Elite Dismiss Bitcoin.Twitter: Article: Asset DNA: Explaining Bitcoin’s Speculative Attack On The Dollar.
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