Max Bit: The Bitcoin Story is Nearing Its End
The story of Bitcoin is soon coming to a close, paving the way for the era of ‘Bitcoin 2.0’ with ‘more equitable distribution.’ This was shared by the legendary host of the ForkLog YouTube channel, Max Bit, during the ‘Podcast Community.’
“I don’t know what will serve as the black swan. Whether the code will be hacked or Bitcoin will fall into institutional hands. There are many possibilities. […] Something more user-friendly and understandable for the majority will emerge. Today’s Bitcoin is [the direct opposite],” he noted.
The speaker identified the emergence of ASICs—specialized equipment for professional mining of the first cryptocurrency—as the main failure of the crypto industry. He also expressed negative views on four market development directions:
- meme coins;
- ‘tapalki’;
- participation of institutional investors;
- tokenization by non-professionals.
Max Bit considers Ethereum a centralized project, and Vitalik Buterin as a person who stands out from the crowd.
“He is special. Like Musk, Durov. They are special not because they have a lot of money. It’s the autistic spectrum, some level of it. And they have a level of genius, that’s all clear,” he stated.
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