Damus
Matteo Pellegrini profile picture
Matteo Pellegrini
@matteopellegrini
As the CEO of Club Orange, my duty is to serve our customers and our shareholders.

As a father and husband, my duty is to serve my family.

Both of these duties requires me to defend Bitcoin.

So here's some thoughts about Bitcoin:

Saylor is right that there are multiple camps trying to steer Bitcoin in their desired direction.

The Technologists (core, ordinals wizards, citrea, and co.) think bitcoin is fundamentally just a database, most of them probably don't even own bitcoin. Their goal is to turn bitcoin into ethereum 2.0 where all kind of experiments and new technologies are layered on top of bitcoin. If they win, I believe bitcoin will die rapidly.

The Capitalists (saylor, walton, and all the bitcoin treasury companies aficionados.) think bitcoin is "digital capital" a financial product that should be exploited for fiat gains. Their goal is to turn Bitcoin into another Wall Street product: "We convert Bitcoin into money". "Our goal is to outperform Bitcoin". Essentially they want to turn Bitcoin into fiat. If they win, I believe bitcoin will become another stonk and captured by the government.

The Maximalist, the camp I find myself in, think bitcoin is our only hope to separate money from the state, that it should be used as money, that fiat is a cancer to the world and that the ultimate goal is not to get rich, but to enrich the world. I believe this was Satoshi's original vision for bitcoin, a mission much greater than NGU.

These 3 camps cannot coexist and they are colliding as we speak (bip110, attacks on saylor, adam back, etc). We are living in the most consequential time in bitcoin history so I urge you to pay attention.

In a few years it will be obvious which camp has won but there might be nothing left to fight for.
1112❤️21🧡2❤️1👀1👍1💜1
Jamie · 1w
All I want is to separate money from state and use what I earn how I like with privacy. Keep up the great work!
PilgrimB · 1w
Thanks for sharing your thesis. It's always prudent, especially during periods of uncertainty, to examine the underlying challenges Bitcoin faces rather than simply looking at charts, price action, fear, or hope. I think you've identified some genuine tensions within the ecosystem. At the same time,...
Telluride · 1w
Great post 🧡👊🏻🍻
Neal BIP110 · 1w
🫡
FeynStructure · 1w
The maximalists are essentially moral, while the capitalists and technologists are essentially amoral (though not necessarily immoral) opportunists. The stance people take in this debate reveals their inner character. There is zero question which future I want to fight for.
Tauri · 1w
You earned a follow 🤙
SUPREME · 1w
Different ideologies is why bitcoin has continued to succeed. One ideology must never rule or the entire project go's down in flames.
Hard Cap SOLID Cologne · 1w
⭕️ So many people want to project to other their moral n ethical superiority… I prefer LOGIC… Logic by all account herby dictates that we are past the point of words. Nobody listens nobody cares nobody does anything when using WORDS!! Therefore the only other logical conclusion is that VIOLE...
GuyFawkes · 1w
I refuse to support the CSAM loving Jews at any cost. Fork it or send it to $0 (which they’re actually hoping for, unfortunately).
BTCGVA · 1w
I believe that several uses and users can coexist without the need for a single dominant design. In my country, Switzerland, we can vote on many changes. Citizens can request a vote on new or amended federal laws by gathering enough signatures (50,000). (approximately 0.8% of eligible voters). The...