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Strategy founder Michael Saylor's article divides the Bitcoin community into four major ideological schools of thought: Maximalists believe that Bitcoin is the only winning currency network; Capitalists advocate for Bitcoin to be deeply integrated into the global economy, banking, capital markets, and credit tools; Technologists believe that the protocol should continue to improve to address scalability, privacy, and security challenges; Fundamentalists are dedicated to defending Bitcoin's core principles of decentralization, immutability, and self-custody.
Saylor also points out the risks associated with each of the four schools of thought. Maximalists may become arrogant and unable to answer how Bitcoin can integrate with the real economy; Capitalists may lead to excessive leverage and financialization, repeating the systemic vulnerabilities that Bitcoin was supposed to solve; Technologists, if they underestimate the value of stability, protocol changes themselves may actually harm Bitcoin; Fundamentalists, if they reject all institutional integration and technological improvements, may limit the coverage of Bitcoin while guarding its purity.
Saylor believes that the underlying protocol should be viewed as sacred infrastructure, any changes must be extremely cautious and require overwhelming consensus; most innovation should occur at higher levels; individuals should always retain the right to self-custody and run nodes. The power of Bitcoin lies in its ability to serve different groups without belonging to any one. It can be an individual's currency, a company's capital, a bank's collateral, a country's reserve, or hope for those facing economic difficulties.
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