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The Productization of Bitcoin Maximalism
NLW discusses the rise in bitcoin only businesses and “blockchain not crypto” in China vs. “digital assets not blockchain” in US financial firms.
More crypto businesses are transitioning to or choosing to focus exclusively on bitcoin only from the beginning, in some ways representing a productization of bitcoin maximalism.
STORY CONTINUES BELOW
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Topics Discussed:
In China, however, the government is cracking down fiercly on resurgent crypto businesses that have taking President Xi’s positive comments about blockchain as an excuse to operate more openly.
Interestingly, the attitude of many US financial firms seems to be shifting from a version of “blockchain not crypto” to “digital assets not blockchain” as they begin to adapt to demand from customers.
- The UK’s oldest exchange plans to delist ethereum as many new businesses launch “bitcoin only.”
1/ We often get asked if we will support cryptocurrencies other than Bitcoin at https://t.co/UxEdK8OD4J (@RiverFinancial). As we explain in our knowledge base article here, we will not. Thread below for more thoughts:https://t.co/728Rsp0OvO
— Alexander Leishman 🇺🇸 (@Leishman) December 11, 2019
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
