The Origin Story of Bitcoin Maximalism
The Origin Story of Bitcoin Maximalism
🤔 Who Started the Maxi Wars?
The term Bitcoin maximalist was coined by Vitalik Buterin in 2014 through his post On Bitcoin Maximalism, and Currency and Platform Network Effects.
Buterin introduced this term to describe Bitcoin supporters who categorically rejected all other cryptocurrencies. The concept emerged during early crypto ecosystem debates about Bitcoin's role and relationship with alternative blockchain projects.
The term has since evolved to become a significant marker in crypto culture, though its exact meaning and implications continue to be debated within the community.
Want to learn more about Bitcoin maximalism? Check out Vitalik's original post here
The phrase Bitcoin maximalist was first used in 2014 by @VitalikButerin in the post “On Bitcoin Maximalism, and Currency and Platform Network Effects.” He used the word to describe Bitcoiners who rejected other cryptocurrencies on principle. But what’s a Bitcoin Maxi,
GoMining Community Burns 122K Tokens in Recent Cycles
The GoMining community has continued its deflationary tokenomics strategy with a significant token burn. Here are the key details: - Community voted to permanently burn 122,000 $GOMINING tokens across two recent cycles - Burn mechanism remains active, contributing to ongoing supply reduction - Previous cycle (81) saw 1.69M tokens burned with 1.42M minted Community members can participate in determining future burn rates through the voting system. *Want to participate?* Join the next voting cycle to influence burn rates.
GoMiners Reaches 8.3M+ TH Mining Power Milestone
GoMiners has achieved a significant milestone with 8.3M+ TH of mining power now distributed among its community. The platform reports over 272,000 Digital Miners who have collectively earned 4,318 BTC through the network. Key metrics: - 8.3M+ TH total mining power - 272,000+ active Digital Miners - 4,318 BTC mined to date This represents continued growth from their December 2024 milestone of 200,000 Digital Miners. The platform continues to expand its Bitcoin mining accessibility and ecosystem development.
veGoMining Voting System Launches for Weekly Bounty Rewards
Starting June 10, veGoMining holders will determine weekly bounty prize pools through voting. The first bounty epoch rewards distribution begins at 12PM UTC. Key details: - 300K GOMINING tokens allocated for Epoch leaderboard - Cycles 93-94: Fixed 10K weekly rewards - Cycle 95 onwards: Pool size determined by veGOMINING votes - Distribution continues until midnight Participants can increase pool size by: - Locking GOMINING tokens - Acquiring veGOMINING - Participating in votes *Access rewards through the GoMining app*
GoMining Community Town Hall Feedback Summary
GoMining recently hosted a Reddit Town Hall for Miner Wars, gathering significant community feedback. Key discussion points included: - Proposal for an additional league tier - Potential restrictions on clan sizes in Dune - Request for enhanced visual rewards and statistical displays The development team is actively reviewing all community suggestions. Previous town halls on X and Reddit resulted in rewards for top 5 community suggestions, each receiving a Digital Miner. Join the ongoing discussion at [r/GoMining](https://reddit.com/r/GoMining)