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In today's episode, we'll cover a list of the top questions to determine if someone
is a Bitcoin maximalist, which includes topics such as owning Bitcoin, self-custodying, and
contributing to Bitcoin software.
In this special edition of the Bitcoin Street Journal Bitcoin Market Update, we're diving
deep into the world of Bitcoin maximalists.
Are you a Bitcoin maxi yourself?
Well, to test your loyalty to Bitcoin, here are some questions we'd ask to identify other
maximalists.
First up, do you own Bitcoin?
If the answer is yes, great.
But if you're still skeptical or hesitant, you might need more convincing.
Next, do you automatically buy Bitcoin every day, week, or month?
This is a common habit among maximalists who believe in the long-term value of Bitcoin.
Another question to ask is if you buy the dips.
When the price of Bitcoin drops, do you panic or take advantage of the opportunity to buy
more?
Maximalists typically choose the latter.
Moving on, do you run your own node?
For those unfamiliar, a node is a computer that validates Bitcoin transactions, and running
one helps you stay in control of your Bitcoin.
Self-custody is another important element of being a Bitcoin maxi.
This means you're holding on to your Bitcoin yourself rather than relying on a third party.
If you have a Bitcoin credit card that gives rewards back, this may seem like a small detail,
but maximalists are always looking for ways to maximize their Bitcoin earnings.
Speaking of earnings, do you get paid in Bitcoin?
This is another way to increase your Bitcoin holdings and show your dedication to the cause.
Now, let's talk investments.
Do you put all of your 401k-slash-ira money into Bitcoin instead?
For Bitcoin maximalists, the answer might often be yes.
They believe in the long-term potential of Bitcoin and aren't afraid to put their money
where their mouth is.
Are you also someone who teaches others about Bitcoin?
Are you contributing to Bitcoin software?
Did you join a Bitcoin maxi chat group or discussion thread?
Do you read the Bitcoin Street Journal?
Do you listen to the Bitcoin Street Journal Bitcoin Market Update podcast every day?
These are all signs that you are a true Bitcoin maxi.
Other factors to consider include, do you mind Bitcoin?
Did you dump your shitcoins?
Are you reducing your reliance upon fiat as financial support?
Have you read the Bitcoin White Paper?
Are you prepared to never sell your Bitcoin?
Do you have a low-time preference?
Have you read the Bitcoiner books, the Bitcoin Standard, the Price of Tomorrow, the Sovereign
Individual, etc.?
Are you using Multi-Sig to secure your Bitcoin?
Finally some more offbeat questions.
Do you have a Bitcoin job in the Bitcoin industry?
Did you start planning for passport number two in a Bitcoin jurisdiction?
Do you post to Bitcoin maximalist groups?
Are you on Nostra and sending and receiving zaps?
These questions may seem tongue-in-cheek, but they are all ways to identify true Bitcoin
maximalists who believe in the power and potential of the Bitcoin network.
Today we learned about Bitcoin maximalism and the top questions to determine if someone
is a true Bitcoin maximalist.
Including owning Bitcoin, self-custodying, and contributing to Bitcoin software.
Thanks for listening to today's episode.
I'll see you guys at the next one and don't forget to subscribe.