Litecoin (LTC) founder Charlie Lee has fired community debate with a tweet alleging that “some self-proclaimed Bitcoin Maximalists are literally Bitcoin Extremists.” Lee’s January. 6 post argued that:
“Some self-proclaimed Bitcoin Maximalists are literally Bitcoin Extremists. They suppose all other coins are scams and can go to zero. Maximalists think Bitcoin is and can stay the dominant cryptocurrency however there's area for altcoins to exist and even do well.”
Lee additionally opened a Twitter survey, that has drawn over 24,300 votes as of press time and is because of expire in 6 hours, inviting users to identify as either a “Bitcoin Extremist,” “Bitcoin Maximalist,” “Altcoin Maximalist,” or “Nocoiner.” At press time, 9 % have known as Bitcoin “extremists,” 48 % as Bitcoin “maximalists,” 32 % as altcoin “maximalists,” and 11 % as “nocoiners.”
Lee’s remarks aggravated a series of quick-witted responses — each dissentient and affirmative — together with one from crypto industry figure Jameson Lopp, WHO quipped, “Bitcoin Supremacists, please. Extremists includes a negative connotation,” adding “I identify as a separate Witness.”
Mindful of Lee’s provocation, RagnarLifthrasir, founding father of the International Blockchain real estate Association (IBREA), told Lee he was on “the path to wrong-think,” which using the jargon of ideology was little more than a smear of anyone whose “opinion differs from Charlie’s.”
Lee’s comments additionally provoked debates over whether or not Bitcoin “maximalism,” is little more than a promoting term allegedly coined by altcoin founders, likewise as over Bitcoin’s prevailing brand dominance. Some commentators responded — while not proclaiming any allegiances — that ultimately it'll be the free market and tangible use cases which will separate the successful projects in a very sector of proliferating cryptocurrencies.
As of press time, the share of Bitcoin’s market capitalization within the overall crypto market cap is at 51.8 percent, in line with Top Market Cap information.
On the cusp of the New Year, tokenization protocol Stellar’s co-founder and CTO Jed McCaleb — who is also one among the founders of now-defunct Japanese Bitcoin exchange Mt. Gox, likewise as a co-founder of Ripple (XRP) — provokingly claimed that “ninety % of [crypto] projects are B.S,” adding he was “looking forward to that changing” in 2019.
McCaleb excluded Bitcoin, Ethereum (ETH), Stellar Lumens (XLM) — and presumably XRP — from his criticisms.
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