Why Altcoins are Not a Threat to Bitcoin w/ Udi Wertheimer - Bitcoin Magazine Podcast
On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the infamous Bitcoin Twitter personality and troll Udi Wertheimer to discuss why the hardcore Bitcoin faithful should not be so worried about alternative cryptocurrencies, or “altcoins.”
Generally speaking, Bitcoiners are very adversarial towards altcoins and those who support them. It is not unheard of to see Bitcoiners loudly decrying all altcoins as scams and altcoin investors as foolish.
Neither Wertheimer nor Keroles believe that altcoins pose a real challenge to Bitcoin, nor that they can even be helpful for new people who are not quite primed to understand Bitcoin initially. Bitcoin is quite unintuitive to people still operating with a fiat mindset. Wertheimer also challenged Bitcoiners by claiming that they lose credibility when they continue to pretend that some altcoins like doge and ether have not outperformed bitcoin substantially in 2021.
Wertheimer thinks that toxicity was much more necessary back in 2015 to 2017, during the Bitcoin fork wars. He now believes that Bitcoiners can be much more empathetic and successful at converting new Bitcoiners and precoiners to Bitcoin with a less toxic strategy. The current brand of altcoins pose no threat to Bitcoin itself and, if anything, it amplifies Bitcoin’s own brand, reach and total addressable market.
Please listen, share and tell Bitcoin Magazine what you think of this conversations with Udi Wertheimer.
For more compelling video content from Bitcoin's original publication, subscribe and turn on notifications for the Bitcoin Magazine YouTube channel.
Bitcoin 2022 will be the biggest Bitcoin conference ever! Get early bird tickets: https://b.tc/conference/2022
Join our telegram community: https://t.me/officialbitcoinmagazine
Subscribe to our newsletter and receive news and analysis before anyone else: https://bitcoinmagazine.com/subscribe
Connect with us on social media and join the conversation:
Twitter: https://twitter.com/BitcoinMagazine
LinkedIn: https://www.linkedin.com/company/bitcoin-magazine/
Twitch: https://www.twitch.tv/bitcoin
Facebook: https://www.facebook.com/BitcoinMagazine
Instagram: https://www.instagram.com/realbitcoinmagazine
Buy Bitcoin from Bitcoin Magazine with a credit card: https://buy.bitcoinmagazine.com/
Listen and subscribe to our podcasts:
Apple: https://podcasts.apple.com/us/podcast/bitcoin-magazine/id1459884105
Spotify: https://open.spotify.com/show/1IxBiqXrUwWUgwiQwKWwxk?si=i1YLDbXySIGGZ1owRdgXtQ
Google: https://podcasts.google.com/feed/aHR0cDovL2JpdGNvaW5tYWdhemluZS5idGMubGlic3lucHJvLmNvbS9yc3M
BitcoinTV: https://bitcointv.com/accounts/btc_media/video-channels
Timestamps:
0:00 - 2:54 Intro
2:54 - 4:03 The atmosphere of Bitcoin 2021
4:03 - 6:35 Are shitcoiners also bitcoiners?
6:35 - 11:40 The origin of toxic maximalism
11:40 - 13:44 The threats to bitcoin are different now
13:44 - 15:06 Ck's disagreements with American HODL
15:06 - 17:07 Bitcoiners forgetting who the real enemy is
17:07 - 18:46 The SEC's lawsuit with Ripple
18:46 - 20:42 Bitcoin 2022
20:42 - 21:58 The Deep Dive
21:58 - 24:03 Bitcoin is a bet on a dystopian-like future
24:03 - 25:11 The SEC allows fiat to exist
25:11 - 32:16 What is the state of the crypto ecosystem?
32:16 - 35:07 Everything is good for bitcoin
35:07 - 38:12 Explaining the difference between altcoins and bitcoin
38:12 - 40:01 The quote 'have fun staying poor'
40:01 - 40:57 How to follow Bitcoin Magazine's content
40:57 - 42:43 The quote 'have fun staying poor'(cont.)
42:43 - 44:01 Having investments other than bitcoin
44:01 - 47:24 Bitcoin's increasing approachability
47:24 - 49:08 Is this bull market over?
49:08 - 50:25 Closing comments
-
9:48:24
Bitcoin Magazine
2 months agoBitcoin 2024 Conference Nashville | General Day 2 (07/27)
556K817 -
LIVE
The Jimmy Dore Show
3 hours agoAssange SPEAKS for the First Time Since Release! John Kerry HATES Free Speech! Plus VP Debate!
7,639 watching -
LIVE
Laura Loomer
2 hours agoEP79: LIVE VP DEBATE COVERAGE: JD VANCE VS TIM WALZ
2,516 watching -
1:35:19
Glenn Greenwald
5 hours agoIran's Missile Retaliation Against Israel: What Does It Mean For The U.S. & The Region? Plus: VP Debate Reaction On Locals | SYSTEM UPDATE #344
86.3K112 -
Fresh and Fit
5 hours agoIran Launches Massive Missile Attack On Israel
98.6K23 -
LIVE
WeAreChange
3 hours agoLIVE W/ Alex Jones & Roger Stone: Vance vs. Walz, HOT CONFLICT Igniting!
2,846 watching -
LIVE
Drew Hernandez
23 hours agoWATCH PARTY: VANCE VS TAMPON 2024 DEBATE
2,812 watching -
LIVE
Slightly Offensive
5 hours agoTHE MOST RETARDED VP DEBATE STREAM | Guest: Breanna Morello
920 watching -
Josh Pate's College Football Show
5 hours agoChaotic Saturday Coming | Full Week 6 Predictions | New JP Poll | Added Best Bets
18.8K4 -
55:28
Flyover Conservatives
21 hours agoThe Fight for Minnesota: Illegal Voting and Tim Walz’s Radical Agenda - Sen. Eric Lucero & Rep. Walter Hudson; Economic Update - Dr. Kirk Elliott | FOC Show
28.3K2