Is Bitcoin Maximalism a Survival Tool?

Similar ideas of Bitcoin maximalism has been prevalent in the cryptocurrency community for a few years now. Even with over 2,000 digital currencies on the market today, many believe that only the first and foremost cryptocurrency can be a representation of cash, a store of value, a way to bank the unbanked, and/or a form of investment — or all at the same time. Pham goes so far as to believe that every country’s economy can be augmented if Bitcoin is integrated in the right way. However, he also believes that it is the most neutral monetary system in the world.

If you're an Austrian Economist, you see Bitcoin as digital gold.

If you're a Businessman, you see Bitcoin as peer to peer electronic cash.

If you're an American, you see Bitcoin as a speculative investment.

If you're a Venezuelan, you see Bitcoin as a survival tool.

— Kevin Pham (@_Kevin_Pham) January 31, 2019

Pham is a self-proclaimed Bitcoin supporter and enthusiast who has gained a rather large following on Twitter over the years — thanks, in part, to his often-controversial commentary on social, political and crypto-related issues. Pham’s most prominent stint took place over two years ago when he exposed American multinational bank Wells Fargo for questionable and deceptive sales practices after having worked there for a brief period. He founded the Hold Wells Fargo Accountable movement on Facebook — which eventually gained nationwide traction and the attention of various media channels.

Say No to Ethereum

In the cryptocurrency community, Pham is known to have reservations about cryptocurrencies other than Bitcoin, with a particular aversion to Ethereum. In April 2018, he accused the blockchain platform’s famed co-founder, Vitalik Buterin, of colluding with the Russian government. Buterin, not willing to back down, replied with a few choice words of his own.

Theory: Kevin Pham is secretly paid by the Chinese to say crazy things to make the bitcoin community look like hyper-individualist insane gun nuts, thereby encouraging its replacement by centralized cryptocurrencies that the Chinese gov can more easily influence.

— vitalik.eth (@VitalikButerin) April 23, 2018

Do you have any opinion on Bitcoin maximalism or Kevin Pham? Share your thoughts on the first and foremost cryptocurrency’s dominance over altcoins or the controversial Crypto Twitter influencer in the comments below!