Why Bitcoin’s ‘Monetary Maximalists’ Oppose ‘JPEG Enjoyers’ (and Why They’re Wrong)

Why Bitcoin’s ‘Monetary Maximalists’ Oppose ‘JPEG Enjoyers’ (and Why They’re Wrong)

In short, why focus on meaningless, fun-for-some pet JPEGS (often with VC ties) on Bitcoin when the real aim is revolutionizing global money, value storage and peer-to-peer payments. Using Bitcoin as file storage, which is predominately done in wealthy nations, is pricing those out in developing countries that rely on bitcoin for day-to-day transactions. It might even push out new entrants that notice how high fees are, forcing them to explore cheaper options as new users typically won’t understand L2s like the Lightning Network — this might be their one shot at giving bitcoin a try.