1 00:00:00,000 --> 00:00:10,920 Welcome to the Bitcoin Street Journal, your daily source for live market updates, technical 2 00:00:10,920 --> 00:00:14,360 analysis, and breaking news regarding Bitcoin. 3 00:00:14,360 --> 00:00:18,960 Stay up to date with the latest Bitcoin trends, market capitalization and supply, as well 4 00:00:18,960 --> 00:00:23,040 as financial and economic news by subscribing to our podcast. 5 00:00:23,040 --> 00:00:27,840 Join us on the journey through the world of Bitcoin and its impact on our daily lives. 6 00:00:27,840 --> 00:00:31,960 In today's episode, we'll cover a list of the top questions to determine if someone 7 00:00:31,960 --> 00:00:37,280 is a Bitcoin maximalist, which includes topics such as owning Bitcoin, self-custodying, and 8 00:00:37,280 --> 00:00:46,440 contributing to Bitcoin software. 9 00:00:46,440 --> 00:00:50,840 In this special edition of the Bitcoin Street Journal Bitcoin Market Update, we're diving 10 00:00:50,840 --> 00:00:54,080 deep into the world of Bitcoin maximalists. 11 00:00:54,080 --> 00:00:56,240 Are you a Bitcoin maxi yourself? 12 00:00:56,240 --> 00:01:01,160 Well, to test your loyalty to Bitcoin, here are some questions we'd ask to identify other 13 00:01:01,160 --> 00:01:02,660 maximalists. 14 00:01:02,660 --> 00:01:04,800 First up, do you own Bitcoin? 15 00:01:04,800 --> 00:01:06,640 If the answer is yes, great. 16 00:01:06,640 --> 00:01:10,360 But if you're still skeptical or hesitant, you might need more convincing. 17 00:01:10,360 --> 00:01:14,420 Next, do you automatically buy Bitcoin every day, week, or month? 18 00:01:14,420 --> 00:01:19,560 This is a common habit among maximalists who believe in the long-term value of Bitcoin. 19 00:01:19,560 --> 00:01:22,240 Another question to ask is if you buy the dips. 20 00:01:22,240 --> 00:01:26,920 When the price of Bitcoin drops, do you panic or take advantage of the opportunity to buy 21 00:01:26,920 --> 00:01:28,800 more? 22 00:01:28,800 --> 00:01:31,240 Maximalists typically choose the latter. 23 00:01:31,240 --> 00:01:33,960 Moving on, do you run your own node? 24 00:01:33,960 --> 00:01:38,880 For those unfamiliar, a node is a computer that validates Bitcoin transactions, and running 25 00:01:38,880 --> 00:01:42,520 one helps you stay in control of your Bitcoin. 26 00:01:42,520 --> 00:01:45,640 Self-custody is another important element of being a Bitcoin maxi. 27 00:01:45,640 --> 00:01:50,040 This means you're holding on to your Bitcoin yourself rather than relying on a third party. 28 00:01:50,040 --> 00:01:54,680 If you have a Bitcoin credit card that gives rewards back, this may seem like a small detail, 29 00:01:54,680 --> 00:01:59,560 but maximalists are always looking for ways to maximize their Bitcoin earnings. 30 00:01:59,560 --> 00:02:02,240 Speaking of earnings, do you get paid in Bitcoin? 31 00:02:02,240 --> 00:02:06,800 This is another way to increase your Bitcoin holdings and show your dedication to the cause. 32 00:02:06,800 --> 00:02:09,160 Now, let's talk investments. 33 00:02:09,160 --> 00:02:13,920 Do you put all of your 401k-slash-ira money into Bitcoin instead? 34 00:02:13,920 --> 00:02:17,760 For Bitcoin maximalists, the answer might often be yes. 35 00:02:17,760 --> 00:02:21,480 They believe in the long-term potential of Bitcoin and aren't afraid to put their money 36 00:02:21,480 --> 00:02:23,520 where their mouth is. 37 00:02:23,520 --> 00:02:26,000 Are you also someone who teaches others about Bitcoin? 38 00:02:26,000 --> 00:02:28,240 Are you contributing to Bitcoin software? 39 00:02:28,240 --> 00:02:31,520 Did you join a Bitcoin maxi chat group or discussion thread? 40 00:02:31,520 --> 00:02:33,600 Do you read the Bitcoin Street Journal? 41 00:02:33,600 --> 00:02:38,960 Do you listen to the Bitcoin Street Journal Bitcoin Market Update podcast every day? 42 00:02:38,960 --> 00:02:42,360 These are all signs that you are a true Bitcoin maxi. 43 00:02:42,360 --> 00:02:45,800 Other factors to consider include, do you mind Bitcoin? 44 00:02:45,800 --> 00:02:47,320 Did you dump your shitcoins? 45 00:02:47,320 --> 00:02:51,000 Are you reducing your reliance upon fiat as financial support? 46 00:02:51,000 --> 00:02:52,960 Have you read the Bitcoin White Paper? 47 00:02:52,960 --> 00:02:55,400 Are you prepared to never sell your Bitcoin? 48 00:02:55,400 --> 00:02:57,160 Do you have a low-time preference? 49 00:02:57,160 --> 00:03:01,560 Have you read the Bitcoiner books, the Bitcoin Standard, the Price of Tomorrow, the Sovereign 50 00:03:01,560 --> 00:03:03,440 Individual, etc.? 51 00:03:03,440 --> 00:03:06,840 Are you using Multi-Sig to secure your Bitcoin? 52 00:03:06,840 --> 00:03:09,040 Finally some more offbeat questions. 53 00:03:09,040 --> 00:03:11,720 Do you have a Bitcoin job in the Bitcoin industry? 54 00:03:11,720 --> 00:03:15,480 Did you start planning for passport number two in a Bitcoin jurisdiction? 55 00:03:15,480 --> 00:03:17,840 Do you post to Bitcoin maximalist groups? 56 00:03:17,840 --> 00:03:20,760 Are you on Nostra and sending and receiving zaps? 57 00:03:20,760 --> 00:03:24,920 These questions may seem tongue-in-cheek, but they are all ways to identify true Bitcoin 58 00:03:24,920 --> 00:03:36,840 maximalists who believe in the power and potential of the Bitcoin network. 59 00:03:36,840 --> 00:03:41,480 Today we learned about Bitcoin maximalism and the top questions to determine if someone 60 00:03:41,480 --> 00:03:44,080 is a true Bitcoin maximalist. 61 00:03:44,080 --> 00:03:48,920 Including owning Bitcoin, self-custodying, and contributing to Bitcoin software. 62 00:03:48,920 --> 00:03:50,760 Thanks for listening to today's episode. 63 00:03:50,760 --> 00:04:15,120 I'll see you guys at the next one and don't forget to subscribe.