#MarketRebound

The End of Bitcoin Maximalism:

“The idea that one coin must dominate all others ignores the power of collaboration and innovation,” says Jeff Garzik, a co-founder of Hemi Labs and an original Bitcoin developer.

The launch of Bitcoin in 2009 created a resilient and decentralized monetary asset. Early adherents rallied around it as a singular innovation — immutable, fixed-supply, and leaderless. Over time, this coalesced into a belief system: Bitcoin maximalism. The argument was simple. Bitcoin came first. It had the most Proof-of-Work security. The most conservative monetary policy. All other assets were distractions or regressions.

But that framing increasingly diverges from how Bitcoin is now being applied in practice.