Bitcoin

<ul class="news-points"> 
 <li>ETF Store President Nate Geraci called out Bitcoin maxis in a recent X post.&nbsp;</li> 
 <li>Geraci said that the adoption of altcoins will only benefit Bitcoin in the long term.</li> 
 <li>Community members said that other blockchains have failed to achieve their goals.</li> 
</ul> 
Nate Geraci, President of the ETF Store, recently sparked a debate on X (formerly Twitter) by challenging the defensive stance of Bitcoin maximalists (maxis). Geraci argued that the growing adoption of altcoins, rather than undermining Bitcoin, could actually bolster its position as the premier “store of value” in the crypto world. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Strange to me how defensive btc maxis are… You’ve clearly won the “store of value” play at this point. Mainstream adopting other crypto assets only helps your case. Otherwise, your value prop is “we’re the only legit chain &amp; nobody uses chains for literally any other reason”.— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1816651682412982675?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 26, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
In a series of tweets, Geraci acknowledged that Bitcoin maxis have successfully established Bitcoin as a store of value. However, he questioned their reluctance to embrace other digital assets, suggesting that this narrow focus could limit Bitcoin’s potential. …
The post <a href="https://coinedition.com/etf-store-president-questions-bitcoin-maximalism-advocates-for-altcoin-adoption/">ETF Store President Questions Bitcoin Maximalism, Advocates for Altcoin Adoption</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ETF Store President Questions Bitcoin Maximalism, Advocates for Altcoin Adoption

Coin Edition

Alte articole publicate pe 26 iul. 2024

Ethereum (ETH) Prediction for July 26

Ethereum Falls Into the ‘Sell the News’ Trap, While Bitcoin Fighting to Reach $67,500: What to Ex...

Cryptocurrency Exchange OKX Shares a New Altcoin Listing Announcement!

LUNC News: Terra Luna Classic Dev Reveals Severe Issues In Tax2Gas Review

Could Bitcoin Conference 2024 Crown Donald Trump as ‘Crypto President’?

New Memecoin Pepe Eats Solana Will Skyrocket 19,000% Ahead of Exchange Listing, While SHIB and DO...

Join our free newsletter for daily crypto updates!