Matt Corallo – a long-time Bitcoin developer and one of Blockstream’s Co-Founders – thinks BTC maximalists are not helping their favorite cryptocurrency by calling all other digital asset protocols “scams.” Instead, those should respect some altcoins because many have significant use-cases.
Over the years, the largest cryptocurrency by market capitalization has amassed numerous individuals as outspoken supporters who believe that BTC is the only digital asset worth discussing and investing in. Such examples are Max Keiser and Michael Saylor.
‘Bitcoin Maxis Are a Dying Breed’
In a series of tweets, Corallo opined that bitcoin maximalists should stay loyal to their dearest digital asset and keep praising its unique nature. However, they should also refrain from attacking all other projects and labeling them as scams. He added that in the last couple of years, money has been flowing to all kinds of protocols as some of them are clearly not pump-and-dump schemes.
1/ Bitcoin maxis are a dying breed. While there was a time where ~everything except Bitcoin was basically a scam, that hasn’t been true for a long time, and the smart money has moved on to figuring out which projects are going somewhere, and which are straight pump-and-dumps.
— Matt Corallo (@TheBlueMatt) August 8, 2022
The adverse stance from bitcoin maxis towards the alternative coins could create a “narrative war.” The one group would claim that Proof-of-Work and BTC are…
