Satoshi would like Cardano and refuse Bitcoin maximalism

Cardanians.io (CRDNS pool)
19 min readNov 27, 2019

Satoshi Nakamoto created Bitcoin and silently left at the end of the year 2010. It is believed that he had no influence on Bitcoin development and public sentiment after his leaving. Bitcoin maximalism appeared somewhere in 2014 and completely twisted all Satoshi ideas. We think that Satoshi would not agree with Bitcoin maximalists. It is needed to take a step back, have a look at what Satoshi wanted to give us, and build on his visions. Maximalism does not help us in the effort to decentralize the world.

Note that the article is not about pro-bitcoin people or investors generally but about Bitcoin maximalism. The authors of the articles are fans of both Cardano and Bitcoin. Take it easy.

What is Bitcoin maximalism?

Bitcoin maximalism is essentially the idea that it is undesirable to have multiple competing cryptocurrencies. Trying to succeed with another project is a silly and needless attempt since Bitcoin is going to dominate the world and take a monopoly position absorbing all functionalities. Bitcoin maximalists argue that Bitcoin has the biggest network effects and claim that it is futile trying to overcome that.

Some Bitcoin maximalists might admit that Bitcoin has issues with scalability, there are no plans to have smart contracts in the first layer, and some…

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Cardanians.io (CRDNS pool)
Cardanians.io (CRDNS pool)

Written by Cardanians.io (CRDNS pool)

Proud Cardano ambassadors Jaromir Tesar & Lukas Barta. Operators of Cardanians pool with ticker #CRDNS — stake with us! https://cardanians.io/en/pools

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