Choose Your Fighter: Bitcoin Maxis vs. Fiat Maxis in the Monetary War

• Bitcoin maximalists have had a difficult year due to the recent price drawdown and mainstream coverage of their views.
• Bitcoin maxis and fiat maxis have some similarities in their structure, but differ dramatically in how they attempt to achieve their goal.
• Comparing Bitcoin maxis and fiat maxis is similar to selecting a fighter in a game, as both sides have their own arguments and ideologies, and one strategy is better suited to win in the game of monetary dominance.

The world of cryptocurrency has been a wild ride in the past year, with Bitcoin maximalists experiencing a rollercoaster of highs and lows. On the one hand, Bitcoin has been the leader of the pack, with its price rising and falling in spectacular fashion, and its fanatical fans proselytizing its virtues in the digital currency space. On the other hand, Bitcoin maximalists have had to bear the brunt of the recent price drawdown and the mainstream coverage that has been largely negative. Despite this, Bitcoin maximalists have maintained their enthusiasm for their chosen digital currency.

But what of their counterparts, the so-called “fiat maximalists”? These are the people who believe that the current system of fiat currency is the ultimate form of money, and they have a certain air of superiority when it comes to the mainstream. Surprisingly, both Bitcoin maxis and fiat maxis have some similarities in their structure, but their approach to achieving their goal is where they differ drastically.

Just like when one is playing a game and must select a fighter, comparing Bitcoin maxis and fiat maxis is also a matter of choosing one over the other. Each side has its own arguments and ideologies, and one strategy is better suited to win in the game of monetary dominance. Bitcoin maximalists focus on Bitcoin and criticize other technologies, while fiat maximalists believe that fiat currency is the ultimate form of money. Bitcoin maximalists want to cleanse the cryptocurrency world of its bad actors, while fiat maximalists want to maintain the current system of money.

Ultimately, whichever side you choose is up to you, but there are pros and cons to both Bitcoin maxis and fiat maxis. Bitcoin maximalists are well aware of the potential of Bitcoin, but they must also take into account the risks associated with it and the volatility of its price. Fiat maximalists, on the other hand, have the stability of fiat currency but must also be aware of the inherent risks of relying on a centralized system.

At the end of the day, it’s up to each individual to decide which side of the coin they want to come down on. Whichever way you choose to go, it’s important to understand the implications of that choice and to make sure that you are well informed on both sides.

Bitcoin Outlasts the Rest: Standout Survivor in Cryptocurrency Landscape

• CoinKickoff released a report which demonstrated the failures of various altcoin projects throughout the years and how Bitcoin is the standout survivor.
• 91% of the coins that were present for the 2014 cryptocurrency market crash are now entirely abandoned, with 2018 being the deadliest year in cryptocurrency history.
• Despite the onslaught of altcoins, Bitcoin persists with a steady climb in hash rate, over 1 million addresses now holding one bitcoin or greater, and over $14 trillion in annual transaction volume.

Cryptocurrency has been a roller coaster ride for those who have been involved for the past few years. With rapid increases in value, to devastating crashes and the influx of thousands of altcoins, the market has been filled with both exhilaration and disappointment. But one currency has been the standout survivor throughout it all: Bitcoin.

Recently, CoinKickoff released a report which demonstrates the failures of various altcoin projects throughout the years and how Bitcoin is the standout survivor. According to their data, 91% of the coins that were present for the 2014 cryptocurrency market crash are now entirely abandoned. A large portion of coins that are now dead were created in 2017, with 704 now-dead coins being created that year. The crown for the single most deadly year in cryptocurrency history goes to 2018, during which 751 coins became defunct. Reasons for the death of these projects range from being a scam or other related issues, being a joke or having no purpose, being an ICO or short-lived scheme, or simply running entirely out of volume.

Despite all of this, Bitcoin continues to persist. Hash rate, which measures the amount of computing power being used to secure the network, has been steadily increasing, now up to 270 EH/s according to Hashrate Index. Moreover, more than 1 million addresses now hold one bitcoin or greater, although it should be noted that Bitcoiners may use multiple addresses. Beyond that, over $14 trillion in annual transaction volume was carried over the Bitcoin network the past year, a 13,900% increase from 2015’s transaction volume. These metrics indicate that the Bitcoin network is growing, while altcoins which hope to ride on its coattails simply have no longevity.

The resilience of Bitcoin can be seen through the various events the network has withstood. The Blocksize Wars, for example, was an existential attack on the network which threatened its existence. Bitcoiners, however, stuck together and found a compromise, allowing the network to survive. This resilience is just one example of how Bitcoin is the standout survivor.

Overall, CoinKickoff’s data demonstrate that Bitcoin is the standout survivor throughout the tumultuous cryptocurrency landscape. The amount of altcoins that have failed and become entirely abandoned is staggering, yet Bitcoin persists with its growing hash rate, over 1 million addresses now holding one bitcoin or greater, and over $14 trillion in annual transaction volume. Metrics like these continually demonstrate the strength of the Bitcoin network, and its ability to withstand the ups and downs of the industry.

Cleanspark Mines Over 4,600 Bitcoin in 2022 Despite Stock Price Downturn

• Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada, has announced their December 2022 bitcoin mining update.
• The company mined a total of 464 bitcoin in the month of December, to conclude 2022 with a total of 4,621 bitcoin mined.
• Despite a dramatic downturn in its stock price, Cleanspark has maintained a relatively steady valuation, and has continued to expand its operations.

December of 2022 saw the conclusion of a successful mining year for Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada. Despite the tumultuous market conditions, the company was able to mine an impressive 4,621 bitcoin throughout the year, with 464 bitcoin being mined in the month of December alone.

In spite of these impressive feats, the company still faced a challenging year in terms of stock prices. As Bitcoin prices fell, so did the stock prices of public miners such as Cleanspark. However, when priced in Bitcoin, the company was able to maintain a relatively steady valuation, and was still able to expand its operations. In September, mining expert Zack Voell detailed the energy company’s continued growth despite the various headwinds present in the market. This included the acquisition of ASICs in October, as well as record production of Bitcoin in the same month.

In December, the company also had to face the challenge of the winter storm which ravaged the United States. 98% of their machines present in Georgia were powered down due to the conditions. As soon as the temperature and humidity levels permitted, the machines were turned back on. Despite the disruption, Cleanspark’s CEO, Zach Bradford, was still proud of the overall accomplishments of the year, citing a 200% increase in annual Bitcoin production with the expansion of their fleet and number of mining campuses.

Overall, Cleanspark had a successful yet challenging year in 2022. With their impressive feats and continued growth, they were able to remain committed to the promise of Bitcoin and further solidify their place as part of the global network that keeps it secure for millions of users across the world.

Cleanspark’s Bitcoin Mining Expansion Continues Despite Market Downturn

• Cleanspark, a publicly-traded bitcoin miner based in Las Vegas, Nevada, announced their December 2022 bitcoin mining update.
• In December, the company mined a total of 464 bitcoin and held 228 bitcoin while selling 517 bitcoin for operations and growth.
• Despite the decline in the price of bitcoin, Cleanspark has maintained a steady valuation, and has continued to expand its operations with ASIC acquisitions and record bitcoin production in October.

Cleanspark, a publicly traded bitcoin miner based in Las Vegas, Nevada, has seen tremendous growth in its operations since the start of 2022. In the month of December, the company mined a total of 464 bitcoin and held 228 bitcoin while selling 517 bitcoin for operations and growth. With this, the company concluded 2022 with a total of 4,621 bitcoin mined.

This success came despite a downturn in the price of bitcoin, which had similar effects on the company’s stock price. However, when priced in bitcoin, Cleanspark has maintained a relatively steady valuation, and has continued to expand its operations. This was seen in September with the acquisition of more ASICs, as well as a record production of bitcoin in October.

The December report also detailed the company’s operational reactions to the winter storm which ravaged the United States that month. 98% of the company’s machines present in Georgia were powered down due to the conditions, but were turned back on as soon as the temperature and humidity levels permitted.

Commenting on the year, CEO Zach Bradford said, “Among our many accomplishments this year, I’m most proud of increasing our annual bitcoin production by over 200% as we expanded our fleet and the number of mining campuses we own and operate throughout Georgia. Even in this down market, we are committed to the promise of bitcoin and are proud to be part of the global network that keeps it secure for millions of users across the world.”

Cleanspark’s success in 2022 is a testament to the company’s commitment to the promise of bitcoin, as well as its ability to remain resilient in the face of market downturns. With more acquisitions and record production, the company looks poised to continue expanding its operations and making strides in the bitcoin mining sector.

The Genesis of a Revolution: How Satoshi’s Message Started it All

– Satoshi Nakamoto created the first block in the Bitcoin blockchain on Jan 3, 2009
– The engraving in the Genesis block serves as an anchor to the physical world and establishes a manifesto for the system being ignited by the block
– Bitcoin seeks to restore accountability and antifragility through a monetary system based on sound money, enabling property rights to millions worldwide, equally and irrespective of status or nationality.

On January 3rd, 2009, Satoshi Nakamoto created the first block in the Bitcoin blockchain, a move that would ultimately kickstart an entire movement and serve as the genesis of a system that would revolutionize the way we think of money. This singular moment in time was marked with a message, etched into the Genesis block, that read: “Chancellor on brink of the second bailout for banks”. This simple yet powerful message served to anchor Bitcoin to the physical world and to establish a manifesto for the system being ignited.

The meaning behind this message was clear; Bitcoin was a system that took a stand against the central bank policies enabled by a culture of easy money. Instead, Bitcoin sought to restore accountability and antifragility through a monetary system based on sound money; one that could not be debased or controlled, manipulated or manufactured. This new system had the potential to level the playing field and ensure property rights to millions worldwide, equally and irrespective of their status, race, religious beliefs, gender or nationality.

The success of Bitcoin would be made possible by the fundamental properties of the system itself. Powered by a distributed network of nodes, each running the protocol’s software and as such enforcing its rules, Bitcoin allowed individuals to take up the reins of their financials, ensuring that power was no longer in the hands of a few at the top. As time went on, Bitcoin’s purpose became more clear and more necessary than ever.

In the years since the first block was created, Bitcoin has evolved into a much larger movement. It has become a global phenomenon with the potential to revolutionize the way we think of money, to restore accountability and antifragility through a monetary system based on sound money, and to ensure property rights to millions worldwide. The Genesis block, with its simple yet powerful message, was the catalyst that made all of this possible.