Bitcoin Maximalism: Why Promote One Chain Over Others?

What is Bitcoin Maximalism?

Maximalism is the idea that the only blockchain worth anything is BTC. According to maximalists, all other chains are scams meant to take money from newcomers who don’t understand cryptocurrency.

Many maximalists defend their position by saying everyone on the planet can use BTC since it’s an open monetary network that’s divisible up to 8 decimal places. They tend to ignore the fact the cost of using BTC rises as demand increases since BTC can only settle a fixed number of…