![]() ![]() Thus, the Army’s mobilizations are less prominent and frequent. As XRP’s ranking among crypto assets has declined over the years, many of its followers have moved on. The XRP Army saw its goal as combating the endless streams of what it believed to be disinformation about its chosen asset, thus affirming XRP's value. 2 cryptocurrency by market cap) before a long, slow crash and a long-winded securities fraud case brought by the SEC. XRP was, and is, controversial, having reached an all-time-high in 2018 (briefly overtaking ETH as the No. “Stack sats ” “Have fun staying poor ” “digital gold ” “don’t trust, verify” They recently helped persuade Bukele to adopt Bitcoin in his country as legal tender. Much of their advocacy takes the form of affirmative, epigrammatic tweets (“Fiat Is Spending Money, Bitcoin Is Saving Money”) and memes signaling membership of the in-group, most famously the laser eyes seen on many Twitter profile pictures. They regularly work to expose scams and criticize what they perceive as flaws with other major cryptocurrencies, such as Ethereum, and you will often see them crowding the Twitter comments of any public figure, most notably Donald Trump and JK Rowling, who makes any mention of Bitcoin-praising them if they support it, castigating or attempting to “educate” them if they criticize it. Many Bitcoin Maximalists are the oldest of the OG Bitcoin investors and see it as their God-given duty to strenuously disparage every other segment of the crypto world, believing it to be a harmful distraction to the Bitcoin cause. They treat Bitcoin inventor Satoshi Nakamoto with a religious reverence and argue for a new “Bitcoin standard” (also the name of a book written by maximalist academic Saifedean Ammous), sometimes in tandem with a way of life that is ascetic and frugal and, supposedly, a counterpoint to the reckless consumption of the Fiat World: No carbs, no seed oils, no transient short-term goals, no promiscuity-only the endless and steady accumulation of Bitcoin. Like gold, Bitcoin is supply-limited and cannot be manipulated by any intermediary, and the Bitcoin Maximalists, known also as “maxis,” believe it is a digital expression of the ur -libertarian Friedrich Hayek’s “hard money” theory of economics. Fed) that preside over print-by-decree “fiat” currency. For the maximalist, Bitcoin is a genuinely transformative and revolutionary asset that functions as an un-censorable “store of value” for people who have seen their wealth destroyed by hyperinflationary government policy or regimes (such as the U.S. El Salvador President Nayib Bukele is another. Maximalists typically believe that Bitcoin is the only worthwhile asset in the crypto sphere (it was the first, after all) and that everything else is a scam and should be ignored. These are the loudest, most militant and (somehow) most geopolitically influential of all the crypto groups. "I've only got eyes for Bitcoin." Image: Shutterstock ![]()
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