6-3b3f2 BTC Maximalists are monotheists and political network

9-2b3g Edward Sapir - ‘The particular and the variable, rather than the universal or invariable, are where the intellectual gold is to be mined.‘

• 9-2b3d Everett on George Berkeley’s critique of the very notions of abstraction and generalization - There is no mind of any kind, only bodies and the world in which they move
  • Woke is similar to Nazism because they are basically doing the same thing, but with everything with negative connotation (from ‘white is good’ to ‘white is bad’)
  • Communist pathologies profit
    • Every profit is bad
  • Fundamentalists pathologies interest
    • Interest is power tool without which economy can’t do, but some religions consider all interest as usury
  • BTC maximalists pathologies digital issuance
    • They are anti-FED but pro-SEC
      • The existence of SEC made the analogy between digital equity with equity impossible
        • Because bureaucrats and SEC pathologies ‘unregulated’ issuance of any digital equity
          • Negative feedback loops ensues, because Web3 creators then use different words for issuance, making it easier for SEC to call them out
  • BTC maximalists pathologies capitalism
    • They have zero-sum mentality
      • Coins other than BTC are bad
        • Legacy companies ‘pre-mine’ their shares. Otherwise effort won’t result in results because the dollar sensitivity is way lower than your equity.

7-1b4b1 Technical truth ≠ Political truth

• BTC Maximalists are in for political, ethical, moral reasons. Not for the technology per se.
  • They have the zeal of monotheist
    • Zeal is the difference between selling at the low and selling never
      • Less crowdfunding in BTC than ETH
        • But remember: BTC benefits from growing Web3 ecosystem (2-1d ‘Ecosystem’ & ‘Thermodynamics’ & ‘Double-entry bookkeeping’ - Everything is connected, there is no free lunch)
          • This will be the interesting paradox:
            • 6-3a2 How you have something can (and will) matter more than what (you think) you have (e.g., DEX vs CEX - DEX will counter Maximalists movement)
          • 2-1c3 ‘Win and help win’ always outcompete
    • Remember: humans are irrational
      • The issue is with what they do versus what they say
        • 2-1a4 ‘Language instinct’ - Language can’t exhaust mind