Legal Tender, Legacy Participation, and Exchanges Led to The Bitcoin Liquidity Crisis
Published in
3 min readJul 5, 2022
Exchanges and DeFi Are a Diminishing Sideshow
The past week we witnessed a sad but much-needed venting by those whom I respect and consider Bitcoin Standard Bearers.
I disowned Bitcoin Maximalism long ago, not because I disagreed with the premise but because it is unwise to let someone else define who I am.
I was also a victim of a misinformed maximalist because I dared to describe how to sell a portion of a HODL on the derivatives market as a hedge.