Flippin finance Ⓜ️🕸@flippifi
Litecoin is the counter-culture to Bitcoin Maximalism.
Every non-maxi Bitcoiner and altcoiner, regardless of what coins they support, should read this.
👇
What Bitcoin Maximalists have done so well is creating Social and Cultural capitals around Bitcoin, that have transcended its need to justify any utility metric out there.
Everyone is well aware of the economic capital that Bitcoiners have been able to acquire.
The wealth, the heavy price tag, the flashy conferences, etc., but very few are aware of these other forms of capitals that they have created.
"Bitcoiners" and "Shitcoiners" aren't just labels, but symbols of social statuses within the crypto ecosystem.
Whichever one of them you are, determines;
1. How you are percieved,
2. Who you can connect with,
3. What opportunities you get,
4. What audience you get.
If you are a Bitcoin Maximalist, you are percieved as "elite class", in-the-know, cultured, "principled" and highly educated.
Ifyou are a "shitcoiner", well, you are seen as less cultured, uncoth, "scammy" and lower class.
You can connect with the Saylors, the Adam Backs, the Brian Armstrong and the Navals of the industry, as a Bitcoin Maxi, but as an Altcoiner, your connection prospects are "fringe."
This is not new.
French sociologist Piere Bordieau, highlighted four forms of capitals the Elite-class use in elevating themselves from broader society, three of which I have already mentioned, with the fourth one being Symbolic capital.
These previously hard-to-define, yet, easy-to-percieve distinctions have been prevalent across societies and throughout history.
The "upper-class" subtly distinguish themselves through taste and what they choose to associate with.
They, for example, consume classical music, drink "old world" wines, eat "French couisine", attend Operas and play golf.
On the other hand, the "middle and lower classes" consume pop music, drink "new world" wines, eat soul foods and junk foods, attend stadium concerts and play athletic sports.
These parallels have-been drawn by Maximalists in creating their own "class system" within this ecosystem.
The "Maximalist (Elites)," only hold Bitcoin, and will vehemently oppose anything else, whilst the "Shitcoiner (Low-bros)" hold anything else.
The enforcement of this code is strict, and done through "symbolic violence," where exclusion is subtle and unspoken, yet its impacts are real and devastating.
There is a possibility that they have been able to discourage any form of capital rotation from Bitcoin, through this, but, that would require more evidence to prove beyond reasonable doubt.
Whether this construct is a deliberate act by greedy Bitcoiners to attract the "Elites" squarely to Bitcoin by modelling conditions that mimic their social construct, or just a natural aftermath of these "Elites" adopting Bitcoin and "corrupting" it with their nature, is yet to be seen, but the question is, "what is our answer to it."
Litecoin is the answer to it.
Litecoin has, and is building a good cultural capital by being the blue-collar crypto. The symbol of the working-class society.
It has been and continues to be, the de-facto counter-culture to Bitcoin maximalism.
It represents a desire to opt-out of these stupid "class games" they are playing.
Litecoin has also built a strong cultural capital by being the anti-rug and anti-scam crypto, beign 100% fairly distributed from day 1.
This allows it to avoid the trap of being "categorically dismissed" from any technical standpoint, leaving Maxis exposed and with nothing more than their "cultural arbitrary" to defend themselves against it.
Through this, not only will we all be able to transcend their games by rising above it, but refusing to play it altogether, taking pride in the very identity that terrifies their percieved superiority.
