On this episode of Hashing It Out, recorded on the eve of Bitcoin 2023 in Miami, Cointelegraph’s Elisha Owusu Akyaw spoke to Cointelegraph journalist Joe Corridor about what it means to be a Bitcoin (BTC) supporter and the present state of the Bitcoin community. The dialogue ranged from Bitcoin maximalism and residing on the Bitcoin customary, to Bitcoin Ordinals, BRC-20 tokens and the BTC value.

Corridor’s first interplay with Bitcoin was via shopping for issues on the web. His preliminary impression of the primary cryptocurrency was that it was troublesome to make use of on the time, however that modified within the years that adopted. Corridor explains that some private occasions led him to seek out the time to conduct in depth analysis on Bitcoin through the COVID-19 pandemic. This analysis modified his thoughts and made him understand how revolutionary Bitcoin is to world finance.

Over time, the Bitcoin group has advanced to incorporate a number of philosophies desiring to outline Bitcoin’s place within the broader cryptocurrency market, and to specific how some group members understand Bitcoin. Corridor highlights this by referring to the rise in a number of labels, with folks referring to themselves as Bitcoin purists, minimalists, moderates and maximalists. Corridor argues that labels can create a poisonous surroundings, however there’s additionally a very good cause why they exist and are repeatedly used.