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Michael Saylor: The Bitcoin community is splitting into four major factions; any faction going to extremes will be harmful.

MarsBitNews
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Mars Finance news: On June 5, Strategy founder Michael Saylor posted that the Bitcoin community is divided into four major ideological schools of thought: Maximalist (supremacists) believe Bitcoin is the only winning monetary network; Capitalist (capitalists) argue that Bitcoin should be integrated into the global economy, with deep integration with banks, capital markets, and credit tools; Technologist (technologists) believe the protocol should be continuously improved to address scalability, privacy, and security challenges; Fundamentalist (fundamentalists) are committed to defending core principles of Bitcoin, such as decentralization, immutability, and self-custody. Saylor also pointed out the risks that each school faces. Supremacists may fall into arrogance and be unable to answer how Bitcoin can be integrated with the real economy; capitalists may lead to excessive leverage and financialization, repeating the systemic vulnerabilities that Bitcoin was meant to solve; if technologists underestimate the value of stability, changes to the protocol itself may end up harming Bitcoin instead; if fundamentalists reject all institutional integration and technological improvements, they may limit Bitcoin’s reach while protecting its purity. Saylor believes that the underlying protocol should be regarded as sacred infrastructure, and any changes must be made with extreme care and with overwhelming consensus; most innovation should take place at higher layers; individuals always retain the right to self-custody and run nodes. The strength of Bitcoin is that it can serve different groups without belonging to any one of them. It can be a person’s currency, a company’s capital, a bank’s collateral, a nation’s reserve, or hope for those facing economic hardship.
BTC-6.43%
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