Giacomo Zucco is a proud Bitcoin Maximalist, and his presentation on the
subject at the Honey Badger conference in Riga led to mixed reactions. Some
called out the stupidity of Bitcoin Maximalism specifically concerning his
slide: The Four Universal Truths of Bitcoin Maximalism:
1. Everything which is not Bitcoin is a scam!
2. Every attempt at changing Bitcoin is a scam!
3. Every attempt at pushing people to spend Bitcoin is a scam!
4. We shouldn’t be nice to scammers!
While the slide was part tongue in cheek, and I suspect point 3 was
trolling Bitcoin Cash supporters, many took this as a strict doctrine of
Bitcoin Maximalism and attacked Giacomo for it. Bitcoin Cash is indeed
under threat, the Bitmain IPO has identified how much Bitmain accepting and
buying BCH is supporting the price, and outside of Bitcoin, very few
projects have managed to demonstrate use case or adoption.
Even with Bitcoin, there are no coiners who attack the entire crypto space,
chief amongst the naysayers is Nouriel Roubini, who last week declared war
on crypto with his testimony to Congress. The disappointing thing about
Nouriel’s presentation was that he made many good points, but became lost
amongst exaggerations and falsities.
In this interview, I discuss Nouriel’s testimony with Giacomo Zucco, the
disservice he did himself with how he presented his arguments and what
Giacomo and I agreed and disagreed with. We also discuss: