Top Insights

• Toxic Bitcoin Maximalism has taken over the cryptocurrency dialogue
• Bitcoin maximalists show signs of cult-like behavior, based on the Cult Education Institute's Ten Warning Signs
• The dialogue from Bitcoin has changed from brilliant pirates welcoming dialogue to aggressive bullies silencing dissent
• Jeff Bezos has a non-zero chance of dying in his flight to space and that's not worth the risk
• Facebook has been forced into the wearables industry by Apple's increased focus on user privacy that is threatening to hamper Facebook's revenue (~98% of 2020 revenue was ad based)

Bitcoin Maximalism

What is a Bitcoin maximalist?

• According to [Investopedia](https://www.investopedia.com/terms/b/bitcoin-maximalism.asp#:~:text=What Is Bitcoin Maximalism%3F,currencies are inferior to Bitcoin.): Bitcoin maximalists believe that Bitcoin, which is the world's most popular cryptocurrency, is the only digital asset that will be needed in the future

What is Bitcoin toxicity?

• When Bitcoin maximalists shout down any dissenting voices, regardless of their concerns (no matter how valid)

Bitcoin 2021: Bitcoin's largest-ever convention was held last weekend in Miami (of couse!)

• 12,000 people attended

• the conference featured the likes of Jack Dorsey, the Winklevoss twins, with Miami mayor Francis Suarez giving the opening remarks

• and conference goers received a "How to Prepare For Bitcoin 2021" email that included a "Bitcoin Only!" rule:

  

Cult-like behavior

We found 10 warnings signs of a cult on the Cult Education Institute's website: