On this Hashing It Out episode, taped on the eve of Bitcoin 2023 in Miami, Cointelegraph’s Elisha Owusu Akyaw spoke to Cointelegraph journalist Joe Corridor about what it means to be a Bitcoin (BTC) supporter and the present state of the bitcoin community. The dialogue ranged from bitcoin maximalism and dwelling by the bitcoin normal to bitcoin ordinals, BRC-20 tokens and the BTC value.
Corridor’s first interplay with Bitcoin was via shopping for issues on-line. His first impression of the primary cryptocurrency was that it was troublesome to make use of again then, however that modified within the years that adopted. Corridor explains that he discovered the time to do intensive analysis on Bitcoin as a result of private occasions in the course of the COVID-19 pandemic. This analysis modified his thoughts and made him notice how revolutionary Bitcoin is to international finance.
Over time, the bitcoin group has advanced into a number of philosophies geared toward defining bitcoin’s place within the broader cryptocurrency market and expressing how some group members understand bitcoin. Corridor underscores this by pointing to the rise of a number of labels, with folks labeling themselves as bitcoin purists, minimalists, moderates, and maximalists. Corridor argues that labels can create a poisonous setting, however there is a good cause they exist and are used usually.
Corridor explains that he identifies a bitcoin maximalist as somebody who seeks to get probably the most out of bitcoin and maximize its affect whereas solely holding and utilizing bitcoin and no different cryptocurrencies. The Cointelegraph journalist additionally explains that due to his job, he makes use of different crypto-related platforms purely for experimental causes.
Corridor additionally shares his experiences of dwelling on the Bitcoin normal over the previous few years. In response to Corridor, it is simpler to make a dwelling off of bitcoin than the British pound as a result of extra folks settle for BTC in locations apart from the pound. Nevertheless, he additionally factors to points, together with paying taxes and value volatility, which he says can generally be a superb factor.
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Catch the newest episode of Hashing It Out with Joe Corridor on Apple Podcasts, Spotify, Google Podcasts or TuneIn. For extra informative podcasts, go to the Cointelegraph Podcasts web page.