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initData.js
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const adminUserID = require('mongodb').ObjectID();
const initData = {
adminUser: {
_id: adminUserID,
username: 'Administrator',
email: '[email protected]',
password: process.env.ADMIN_PASSWORD,
admin: true,
emailVerified: true
},
rhetoric: [{
slug: 'inflation',
metaSlug: 'protagonistic',
title: 'Alternative Cryptocurrencies Are Inflation',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'decentralization',
metaSlug: 'protagonistic',
title: 'Bitcoin Is Decentralized- Alternatives Are Not',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'efficiency',
metaSlug: 'protagonistic',
title: 'Bitcoin Is Inefficient And Expensive For Good Reason',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'sidechains-and-layers',
metaSlug: 'protagonistic',
title: 'Sidechains and Extra Layers Will Assimilate ALTs',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'hard-money',
metaSlug: 'protagonistic',
title: 'Impossible To Recreate Bitcoin\'s Hardness',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
}, {
slug: 'censorship-resistant',
metaSlug: 'protagonistic',
title: 'Bitcoin Is The Most Censorship-Resistant Cryptocurrency',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
}, {
slug: 'interoperability',
metaSlug: 'protagonistic',
title: 'Interoperability Is Unnecessary- There Can Only Be One Winner',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
}, {
slug: 'conspiracy',
metaSlug: 'protagonistic',
title: 'Difficult Choices and Tradeoffs',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
}, {
slug: 'network-effect',
metaSlug: 'protagonistic',
title: 'Bitcoin\'s Network Effect Is Insurmountable',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
}, {
slug: 'toxic-community',
metaSlug: 'protagonistic',
title: 'Vigilant Self-Regulation Is Necessary',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
}, {
slug: 'resources',
metaSlug: 'protagonistic',
title: 'Protagonistic Links And Resources',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
}, {
slug: 'inflation',
metaSlug: 'antagonistic',
title: 'Alternative Cryptocurrencies Are Not Inflation',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'decentralized',
metaSlug: 'antagonistic',
title: 'Alternative Cryptocurrencies Are Sufficiently Decentralized',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'efficiency',
metaSlug: 'antagonistic',
title: 'Bitcoin Is Inefficient In Multiple Ways',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'sidechains-and-layers',
metaSlug: 'antagonistic',
title: 'Sidechains And Extra Layers Are Insecure And Unproven',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'interoperability',
metaSlug: 'antagonistic',
title: 'Free Market Competition and Interoperability Is Ideal',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'conspiracy',
metaSlug: 'antagonistic',
title: 'Bitcoin Is No Longer The Real Bitcoin',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'network-effect',
metaSlug: 'antagonistic',
title: 'Network Effects Are Prone To Defeat',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'toxic-community',
metaSlug: 'antagonistic',
title: 'The Bitcoin Community Is Toxic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
},
{
slug: 'resources',
metaSlug: 'antagonistic',
title: 'Antagonistic Links And Resources',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID
}
],
bulletPoint: [{
slug: 'inflation',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin\'s inflationary period is estimated to cease around the year 2140 once all 21 million Bitcoins have been distributed through a process called "mining". Mining is the process which Bitcoin uses to come to an agreement on the history of its "Blockchain". A Blockchain is an append-only ledger that maintains a record of all previous Bitcoin transactions in a decentralized manner. Mining is also leveraged as a method to distribute new Bitcoins into the ecosystem through "Block Rewards". Bitcoin miners expend copious amounts of computational power in hopes of being the first to solve a never-ending series of cryptographic puzzles by the brute force guessing of their answers. Each block (or series) is algorithmically designed to occur every ten minutes on average, and a new puzzle is created the moment the last puzzle\'s solution is found. The miner with the most computational power is the most likely to solve each block\'s puzzle, and as a result is also the most likely to secure that block\'s Block Reward. The Block Reward is a slowly diminishing reward for solving each block\'s puzzle.',
},
{
slug: 'inflation',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'A long time is given in Bitcoin\'s supply curve for Bitcoin to gain enough traction to where block rewards are no longer needed to subsidize Bitcoin\'s security at the cost of stakeholders. Bitcoin proponents argue that it is likely Bitcoin will gain the amount of usage necessary for it to eventually become a deflationary currency. Bitcoin\'s future security depends on the increase of its usage over the course of the next 120 years. Theoretically, assuming a sufficient amount of transaction fees can be collected by miners, it will no longer be necessary to subsidize Bitcoin\'s security with inflationary block rewards after an arbitrary point in time. Eventually, the only source of income for miners will be what they can garner from including transactions in blocks, and therefore earning the associated transaction fees. Bitcoin can also serve as a settlement layer for "Extra Layers" and "Sidechains", which will increase the amount of fees collected by miners due to the added utility and throughput.',
},
{
slug: 'inflation',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'The fact that Bitcoin has a supply cap has driven a large portion of its proponents to liken it to a form of digital gold (aka. a decentralized implementation of hard money.) Some Bitcoin Maximalists even go so far to claim that Bitcoin is a better implementation of hard money than gold itself. This argument is usually made because Bitcoin is more efficiently divisible, transacted and secured, because it is more transparent than gold, and because it is programmable too. There is a lot of literature available on the value proposition of Bitcoin, and Bitcoin-like technologies (aka. alternative cryptocurrencies), which each do a great job of explaining why Bitcoin is a better implementation of sound money than gold. Convincing you of such is not really the intent here, but instead this argument is brought up to highlight one of the most popular reasons Bitcoin proponents would likely give for Bitcoin being a valuable commodity.',
},
{
slug: 'inflation',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'The argument that alternative cryptocurrencies are similar to inflation stems directly from Bitcoin\'s hard money use case. It can be argued that alternative cryptocurrencies are quasi-inflationary to the original cryptocurrency- Bitcoin. All alternative cryptocurrencies, including forks of Bitcoin, create more coins in addition to the 21 million Bitcoin supply cap, and therefore Bitcoin Maximalists argue that these ALT coins ultimately harm the value proposition of Bitcoin by existing as unnecessary inflation. This paradigm has been made even worse in recent times, because the free market has given these alternative cryptocurrencies a decent amount of value, and therefore it provides incentive for bad actors to create an endless amount of them. If these inflationary ALT coins are taken seriously, then that will harm the argument that Bitcoin is sound money, or that any other cryptocurrency could ever be considered sound money in the future, because the overall cryptocurrency supply cap can be continuously to be debased forever. Thousands of alternative cryptocurrency "pump and dump" scams have come and gone during Bitcoin\'s short history. After experiencing a thousand too many of them, some Bitcoin Maximalists consider anyone participating in alternative cryptocurrencies by developing, speculating in, or promoting them to be scammers, because it is impossible to tell if someone\'s a scammer, or just simply ignorant to the fact their token has little chance of being successful and garnering value in the longrun.',
},
{
slug: 'decentralization',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'One of the main reasons why Bitcoin works is because it operates on a decentralized peer-to-peer network. No single nation state, person or entity has much control over Bitcoin themselves, because the rules are enforced by every node on the peer-to-peer network. The rules must also be followed by Bitcoin miners who expend large amounts of computational power (and therefore electricity) to ensure the network remains secure. As long as a majority of the computational power remain honest, then the rules of the protocol must be unbiasedly enforced by all network participants, or else they will create what\'s been termed a fork (aka. a completely different cryptocurrency with a different blockchain). A lot of alternative cryptocurrencies make tradeoffs in order to "improve" upon Bitcoin\'s perceived shortcomings (which tend to be highly debatable.) Decentralization is one of the more common tradeoffs that are made. The tradeoffs are usually made in a few ways, such as: a more centralized Proof of Stake consensus algorithm, less computational power being consumed by a large order of magnitude using the same algorithm, or the non-existence of specialized hardware made specifically for mining an alternative cryptocurrency\'s consensus algorithm. GPUs and CPUs can be re-purposed which ultimately makes the cost of an attack cheaper for algorithms without ASIC miners, and botnets can also control large amounts of computational power cheaply.',
},
{
slug: 'decentralization',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'The consumption of electricity from miners securing the blockchain creates a huge cost to attacking Bitcoin. An attacker would need to sustain more than half of the network\'s hash power for an indefinite period of time in order to attack Bitcoin. Due to its old age, large network effect, and ballooning value, Bitcoin has amassed a more advanced and competitive mining industry than all other alternative cryptocurrencies. Since late 2012, hardware designed specifically for Bitcoin mining (aka. an ASIC - Application-Specific Integrated Circuit) has been securing the Bitcoin network in an increasingly efficient and powerful manner. Bitcoin has more highly-efficient hardware in more miners\' possession than any other cryptocurrency, and is generally considered as being the most secure Proof of Work (aka. Nakamoto Consensus) cryptocurrency to date.',
},
{
slug: 'decentralization',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'The true identity of the pseudonymous developer that created Bitcoin that went by the name Satoshi Nakamoto remains a mystery to this day. Satoshi disappeared early in Bitcoin\'s history in 2011, and the Bitcoins which are rumoured to be hers/his/theirs have remained untouched ever since. Due to the fact that Satoshi is no longer around, there is no one person (or group of people) that the community can agreeably look to as the defacto leader of Bitcoin. There\'s no organization, business, stakeholder, miner or developer that wields an abnormal amount of influence on the Bitcoin community. Simply put, the same can not be said for almost all alternative cryptocurrencies who have largely influential figures within their communities. Bitcoin\'s incentive structure, and the checks and balances that that incentive structure creates, keeps the power of all of Bitcoin\'s market participants in check, and has thus far proven to be a major part of the genius in Satoshi\'s design.',
},
{
slug: 'efficiency',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Some Bitcoin Antagonists claim Bitcoin transactions are too slow, or that Bitcoin transaction fees are too high, and instead promote alternative cryptocurrencies which have quicker and cheaper transactions. However, such arguments are only telling part of the story because the dynamics that make Bitcoin that way are highly nuanced. Bitcoin\'s inefficiencies, both on a transactional and governance level, stem from the great effort that is taken to ensure that Bitcoin remains as decentralized, secure, trust-minimizing, and censorship-resistant as possible. Tradeoffs are made to ensure Bitcoin\'s purpose is fulfilled, because otherwise there is a legitimate risk that making tradeoffs will ultimately end up defeating the purpose of Bitcoin- or harm its security.',
},
{
slug: 'efficiency',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Generally speaking, each decentralized cryptocurrency has interconnected properties which each form a give and take relationship. These properties include things such as decentralization, scalability, security, programmability, and privacy. A cryptocurrency must make trade offs in one (or more) properties in order to improve on another property. Take for instance a highly scalable cryptocurrency- the fact that it is highly scalable means that it is likely less decentralized, or that it made tradeoffs in other ways in order to create such efficiency. Other cryptocurrencies may be more scalable, efficient, programmable, or private than Bitcoin, but all of these cryptocurrencies usually made certain tradeoffs on transparency, security, or decentralization in able to garner those "benefits".',
},
{
slug: 'efficiency',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'To avoid defeating the purpose of Bitcoin, there are good reasons to ensure that all changes to it are highly peer reviewed. There is a lot to take into consideration due to how potential changes effect each subset of the community differently. A lot of value is stored in Bitcoin, and therefore the community has great reason to be slow and methodical. Bitcoin proponents generally like to err on the side of caution, with stability of the protocol as a core focus. Stability of the rules, monetary policy, hash power, blockchain, and codebase are all a part of why people think Bitcoin is valuable... while at the same time also being reasons why some people think it is inefficient and slow.',
},
{
slug: 'efficiency',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Other cryptocurrencies have codified their governance in order to improve upon Bitcoin\'s governance, but all attempts at "fixing" Bitcoin\'s governance have only broken it even more. A common alternative governance structure leverages stakeholder voting for decision making purposes. Although such governance features may make the governance process more efficient and defined, essentially a plutocracy of rich stakeholders are in full control of the voting. Bitcoin\'s governance may be much less defined and messy, but it takes into account more subsets of the community that stakeholder voting ignores- such as miners, companies, developers, and smaller stakeholders. Instead of being brainlessly codified (which inherently discounts nuance,) some things are better left to humans to decide upon. In the long run, it is best for the free market to work out any contentious decisions instead of forcing a sizable minority to conform to the druthers of large stakeholders.',
},
{
slug: 'sidechains-and-layers',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Other than for the obvious motive to make a profit, the main reason why people are drawn to alternative cryptocurrencies is because ALT coins provide features that Bitcoin doesn\'t provide in its current form. Although this may be true, it won\'t always necessarily be the case that Bitcoin won\'t have those features. Even if the features are never implemented at the protocol level, extra layers and sidechains are imminent, and they provide off-chain methods for implementing new features and scaling Bitcoin in a trust-minimizing manner. Layers and sidechains can be built using multi-signature addresses on top of Bitcoin, by Bitcoin miner\'s providing escrow for anyone can spend Segwit transactions, or by using other technologies and techniques. The only thing that differentiates sidechains and extra layers is the existence of a blockchain on sidechains, but Bitcoin users have the ability to exchange back and forth whenever they please.',
},
{
slug: 'sidechains-and-layers',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin Maximalists generally believe any feature that alternative cryptocurrencies claim to be a benefit over Bitcoin can be easily replicated on extra layers or sidechains. Whether or not the so-called "improvements" alternative cryptocurrencies are actually benefits is highly debatable, but even if we assume some are sidechains and extra layers may eventually render all alternative cryptocurrencies completely useless for any purpose other than scamming greater fools. Due to Bitcoin\'s large network effect and substantial amount of users, if it were to implement all features of every alternative cryptocurrency, then it is likely that Bitcoin would outperform all of its competitors because there would no longer be a reason for the alternative cryptocurrency tokens. The value of a network such as Bitcoin grows tremendously with each and every use that is added to it. Since most people that are into cryptocurrencies own at least some Bitcoin, that makes its network more valuable due to the ability to communicate and exchange freely with more people. In comparison, alternative cryptocurrencies have much smaller network effects with a lot less users, which would makes them inherently have less utility due to there being less people to interact with, and not as much liquidity for its tokens. Bitcoin\'s brand recognition has a big part to play in ensuring Bitcoin will remain valuable in the future.',
},
{
slug: 'hard-money',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'On October 31, 2008, an entity going by the pseudonym Satoshi Nakamoto first published the Bitcoin whitepaper on a random cryptography mailing list. Satoshi would go on to launch Bitcoin in January of 2009, but soon after during April of 2011 Satoshi disappeared and left Bitcoin to fend for itself. To this day it remains a mystery who Satoshi was. There have been a lot of other cryptocurrencies released since Bitcoin\'s inception, but it is impossible to replicate Satoshi\'s opsec (operations security.) Instead of publishing code to a few hobbyist on a mailing list, nowadays anyone that mentions anything about a making a new cryptocurrency online is likely being watched as soon as that information is made public. With as much attention as the cryptocurrency space gets, it is impossible to replicate Satoshi\'s opsec which has sustained his/her/their anonymity thus far.',
},
{
slug: 'hard-money',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Due to the success Bitcoin has seen in the markets, a lot of cryptocurrencies have been released primarily with the intention of enriching their developers and early adopters. There have been thousands of cryptocurrencies released for such pump and dump purposes since Bitcoin\'s inception. Considering that fact, it is impossible to replicate the sincerity of Bitcoin\'s release. Satoshi never could of known just how big a deal Bitcoin would become, and by creating Bitcoin with a finite amount Satoshi made it clear that sound money policy was meant to be a core feature of the Bitcoin protocol. Early bitcoin was mined at a loss with no guarantees of profit, and at the time even with little expectation expectation of profit. Bitcoin did not have market value for a long time after it was created. Decent value is something that formed naturally over the years Bitcoin has been alive due to people\'s perception that it is valuable. Nowadays, when you create an alternative cryptocurrency you can usually trade it for an arbitrary amount of value almost immediately.',
},
{
slug: 'hard-money',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'It is impossible to create another alternative cryptocurrency in order to create a better form of hard money than Bitcoin. The simple creation of any new cryptocurrency is an inflationary act, as they create new coins in addition to the original 21 million Bitcoins. How can people be sure that such inflationary acts do not continue in the future... especially when they are done so under the guise of having solved an arbitrary Bitcoin deficiency? Nothing will ever be perfect, so using such logic to justify the value of alternative cryptocurrencies and forks is a slippery slope because Bitcoin can be forked an endless amount of times. Not to mention how forks split up communities, but they are nevertheless just another form of inflation, and thus they can never compete with Bitcoin as hard money.',
}, {
slug: 'censorship-resistant',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'If a Bitcoin miner refuses to include a transaction in a block, then the next honest miner to successfully mine a block can include the transaction instead. Even if most (or nearly all) miners were complicit in the censorship of any certain transaction, the transaction would still be included in the next block mined by a honest miner. In the long run Bitcoin proponents do not consider this as being an issue, because transaction fees will eventually become the miner\'s main source of income once block subsidies decrease, and not maximizing profit is obviously bad for the miners\' bottom line in the long run.',
}, {
slug: 'censorship-resistant',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin miners face constant and fierce competition with each other to earn just a portion of its block subsidies and transaction fees. Due to the lucrative incentives at its current valuation, Bitcoin mining has quickly become a highly competitive industry. Miners are constantly working to try and gain as much of an advantage as possible on their competitors. Usually these advantages are gained through making more efficient mining hardware, designing more efficient data centers, and sourcing cheaper electricity rates. Referred to as economies of scale, ASIC (application-specific integrated circuit) manufacturing costs a large amount of money upfront for the initial design and fabrication, but are relatively cheap to mass produce after those initial expenses.',
}, {
slug: 'censorship-resistant',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Due to the highly competitive nature of the Bitcoin mining industry, miners can not afford to leave money on the table for their competitors to scoop up at no additional cost. Effectively, although it is their right to choose whether or not to do so, giving their business competitors an advantage is what they would be doing if they were to censor a transaction by choosing not to include it in a block. Miners gifting transaction fees to their competitors is obviously bad for business, and can make a huge difference when miners are looking for any advantage they can muster in order to remain competitive.',
}, {
slug: 'interoperability',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Their exists a mindset within alternative cryptocurrency circles that can be described succinctly as Multicoinism. Multicoinism is the belief that there will be multiple popular cryptocurrencies which people use interchangeably at some point in the future. Most Multicoinists believe cryptocurrencies will be networked together using various technologies and middleware, such as Atomic Swaps and the Lightning Network. However, the use of multiple blockchains in this way is that it causes extra friction, and therefore added costs, compared to using only one blockchain- (like Bitcoin for example.)',
}, {
slug: 'interoperability',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin proponents generally deny such Multicoinist beliefs, because technically speaking, Bitcoin is capable of adopting just about any cryptocurrency\'s features if they are eventually proven to be efficient, secure, and valuable. Cryptocurrencies are software programs in their very essence, and making updates to the codebase is entirely possible (if consensus can be reached, of course.) A soft fork to activate Segwit was successful in the past, so it is entirely possible for Bitcoin to upgrade further at some point in the future. Furthermore, most of the features ALT coins possess can be built on sidechains or extra layers without forking Bitcoin at all. No matter if Bitcoin implements such features on its base layer, sidechains, or second layers, Bitcoin has the potential to effectively assimilate any ALT coins\' features and technologies.',
}, {
slug: 'interoperability',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Considering Bitcoin can adopt any alternative cryptocurrency’s technologies, it is likely that if Bitcoin was to assimilate all valuable ALT coin technologies, then there will be less friction (and therefore- costs) for users to simply use Bitcoin rather than switching back and forth between Bitcoin and different ALT coins. The process of going to and from Bitcoin is a non-trusting manner is as challenging of a user interface problem as any front end developer could ever face when the multi-step Atomic Swap procedure is considered, but there are also additional costs involved with the process. The use of an extra layer is easily the cheaper option, because your costs are very low for the life of the payment channel once you\'re on-boarded to the extra layer.',
}, {
slug: 'conspiracy',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin is infamous within the cryptocurrency community for inefficiencies which stem from its popularity and design. A great debate throughout the Bitcoin community has raged on for years over increasing the throughput of Bitcoin transactions while decreasing fees. Mainly, the debate revolved around one technique of scaling Bitcoin that raises its block size, which is a parameter that limits the amount of data (and therefore transactions) that can be included inside each block. Assuming they are all the same size transactions, the bigger the block size the bigger the amount of transactions that can be included in each block. However, like all Bitcoin-related topics, raising the block size is much more nuanced than that, and there are several reasons why Bitcoin should not scale this way.',
}, {
slug: 'conspiracy',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Considering that increasing the block size increases Bitcoins throughput, then it would seem that the obvious solution to scale Bitcoin would be to simply increase Bitcoin\'s block size, but ultimately scaling in this manner comes with a set of serious limitations. Raising the block size increases the necessary system requirements for people to run full nodes, and also increases bandwidth requirements & propagation times on the peer-to-peer network. Many Bitcoin proponents believe that making Bitcoin more centralized via these inherent limitations of raising the block size defeats the purpose of Bitcoin altogether. It is undeniable that big blocks decrease decentralization of the network, because running a full node is the most ideal way to privately and safely use Bitcoin. If Bitcoin ever came under attack by a nation state or another well-funded adversary, then full node resiliency will be of utmost importance, and added hardware/broadband requirements is obviously bad in these regards.',
}, {
slug: 'conspiracy',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'However, not everyone in the cryptocurrency community agrees with the importance of full nodes. Some contend that running non-mining full modes is unnecessary, and some even go so far to say that they harm the network by unnecessarily slowing down network propagation. Some people think that Bitcoin was taken over by special interest groups who have great incentive to keep transaction fees high so that users are forced to use their forfit payment channels. The point is that design decisions on peer-to-peer networks are highly nuanced and there is really no best solution. Bitcoin developers and the Bitcoin community have adopted the scaling "road map" that they feel is optimal for Bitcoin in the long run. Although keeping the block size small may have some short term problems with higher fees, it will stimulate the effort to make Bitcoin more efficient, and ensure it remains as decentralized as possible.',
}, {
slug: 'network-effect',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'The network effect is an important concept in the protagonistic argument for Bitcoin Maximalism. The network effect is considered to be one of the the main reason for Bitcoin\'s stranglehold to the title of being the most valuable cryptocurrency in existence. Bitcoin\'s market dominance has reigned supreme since its inception, with no cryptocurrency having come particularly close to matching (much less exceeding) Bitcoin\'s market capitalization. Bitcoin\'s network effect is perhaps its most under-appreciated feature. Some consider it as being one of the biggest reasons why Bitcoin will be a dependable long-term store of value.',
}, {
slug: 'network-effect',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'If you condensed the highly nuanced subject, then the network effect effectively has to do with how a "nocoiner" (aka. someone who does not own any cryptocurrency) is exponentially more likely to hear about (and therefore adopt and buy) Bitcoin before any other alternative cryptocurrency. It is Bitcoin that is in the news all & every day, Bitcoin is more likely to come up in conversations with coworkers & family, and Bitcoin\'s brand recognition is more recognizable than all other cryptocurrencies combined. Much like how Google, Apple and Facebook enjoy lucrative network effects which secure them a stranglehold on the rest of their industry, the Bitcoin valuation benefits from its network effect in a similar manner. It is the first cryptocurrency people are likely to hear about, and therefore it is usually the first cryptocurrency that they invest in. This action has a ballooning effect which creates more "FOMO" (aka. fear of missing out) on the Bitcoin valuation. Bitcoin Maximalists generally believe that it will ultimately be impossible for ALT coins to compete with Bitcoin\'s network effect.',
}, {
slug: 'network-effect',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'You must also consider that network effects drop off exponentially as you go down the market capitalization list of cryptocurrencies (from highest to lowest). Almost all ALT coins don\'t have much of a network effect at all- not even a small one. For instance, Feathercoin has a smaller network effect than Namecoin which has a smaller network effect than Siacoin which has a smaller network effect than Ethereum which has a smaller network effect than Bitcoin (in order from least market capitalization to most as of November 19, 2018). Ethereum has garnered a small network effect of its own in technology and business circles, but its strength is not even close to being comparable to Bitcoin\'s (due to Bitcoin\'s superior brand recognition and press coverage.) Continuing down the list, Siacoin is effectively only known within the cryptocurrency community (not even in technology or business circles), and as a result its network effect can be considered as being quite tiny compared to Bitcoin. Generally speaking, it gets exponentially worse as you go down a descending list of cryptocurrencies sorted by market capitalization.',
}, {
slug: 'toxic-community',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin has attracted one of the most passionate communities of any open source project in history. The likely reason for this is that it effectively combines politics, money, business, and technology into one tradable commodity. This has attracted a diverse and passionate amount of users who are sometimes so passionate that some people get put off by how hostile they perceive Bitcoin Maximalists to be when it comes to their opinions on alternative cryptocurrencies and alternative cryptocurrency proponents. Vigilant self-regulation may be viewed by some as being toxic, but after taking a step back to consider the reasons for such action it becomes more understandable.',
}, {
slug: 'toxic-community',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'There are several reasons why the multi-cryptocurrency world of Multicoinists\' dreams is not prudent. Those reasons piggy back off of one another, which sometimes amplifies the perceived toxicity. Firstly, cryptocurrency tribalism has become a big issue where people tend to pick their favorite cryptocurrencies to passionately support while proceeding to attack all others. Secondly, new pump and dump scams are constantly being incepted to scam people. Both of these issues blend together because (in almost all cases) it is impossible to distinguish a scammer from a tribe member, and a tribe member from a scammer. Maybe the person is just ignorant in their support for a cryptocurrency with no utility which is seemingly destined to have little or no value, or maybe they actually know that, and are trying to sell their bags (useless cryptocurrency holdings) higher than they purchased it to greater fools? There is really no way to know for sure, but thankfully in a Bitcoin-does-everything world these problems, and the inflation they bring, go away eventually once people grow tired of losing money in scams.',
}, {
slug: 'toxic-community',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Since the inception of nation states, the cryptocurrency economy is arguably the closest thing to a free market economy that has ever existed. Due to it being a mostly unregulated economy, vigilant self-regulation is incredibly important seeing as though regulators have mostly let the ecosystem be without much interference. Furthermore, there\'s only so much they can do if the perpetrators use good opsec. Since the cryptocurrency ecosystem is a free market economy, it is important that scammers are called out and shamed before they are able to scam more people. Scammers could run wild with impunity if there was not vigilant self-regulation within the ecosystem. Scammers are risking something as long as there is vigilant self-regulation, because their reputations are at stake when participating in the ecosystem. A loss of reputation can be very costly due to the likely prospect of losing future business directly because of it.',
},
{
slug: 'inflation',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Alternative cryptocurrencies create more tokens on top of the initial 21 million Bitcoins that will ever exist. It is for this reason that Bitcoin Maximalists usually consider ALT coins as being inflationary to Bitcoin. They usually go on to highlight the fact that an infinite amount of alternative cryptocurrencies will be created in the future. However, these types of arguments ignore the highly nuanced phenomena that are alternative cryptocurrencies. Bitcoin is not perfect for numerous reasons, and it is quite unlikely that Bitcoin will ever be able to fulfill every use case that alternative cryptocurrencies have the potential to disrupt. ALT coin proponents believe that their chosen cryptocurrency has improved upon one (or more) of Bitcoin\'s flaws, and it is for this reason that Multicoinists believe ALT coins are more likely to succeed than Bitcoin.',
},
{
slug: 'inflation',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'There are several legitimate reasons why developers may want to create an alternative cryptocurrency instead of building on top of Bitcoin. Limitations in Bitcoin\'s design, fundamental design disagreements, or the need for fundraising can be difficult challenges to overcome when building on top of Bitcoin. By creating a new ALT coin, those types of challenges are much easier to overcome. Utilizing a completely separate cryptocurrency can provide developers an amount of freedom that could not be obtained on top of Bitcoin, and in the long run may prove to be essential to the ALT coin\'s success. Bitcoin faces several risk factors that will not be realized until some point in the future. For example, Bitcoin could collapse at some point in the future from a 51% attack by a well-funded adversary (such as a nation state), from a bad actor exploiting a currently unknown vulnerability in its codebase, or due to the incentives of Bitcoin\'s security getting out of whack. The redundancy alternative cryptocurrencies provide to the ecosystem is paramount in the case of such unforeseen disasters, and those that built their projects on their own blockchains would probably still be up and running after such events.',
},
{
slug: 'inflation',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Another macro-economic argument can be made in support of alternative cryptocurrencies not being inflationary. This argument stems from the belief that free market economics are ideal, and that community members should be allowed to fork off and go their separate ways if they so wish. Theoretically, the only ALT coins that will be able to permanently garner value are the alternative cryptocurrencies that are able to provide an arbitrary service (or services) better, cheaper or faster that Bitcoin can, and/or provide a service that Bitcoin is not able to provide. There are obviously many alternative cryptocurrency stakeholders who believe that their chosen cryptocurrency provides some sort of value that Bitcoin (and/or other alternative cryptocurrencies) does not, because otherwise alternative cryptocurrencies would not be able to garner such large valuations on the free market. Bitcoin Maximalists\' opinions on the matter of inflation run contrary to the "scoreboards" that are free market valuations, and are therefore out of touch with reality.',
},
{
slug: 'decentralized',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Most Bitcoin Maximalists claim that ALT coins are not as decentralized as Bitcoin, and some go as far to say that they are not decentralized at all. This argument is usually made due to an alternative cryptocurrency\'s consensus algorithm, distribution, governance process, or the existence of rich-get-richer PoS incentive schemes. However, cryptocurrency decentralization can only realistically be measured on a spectrum. Decentralization is not absolute or binary, but instead decentralization can only be measured as existing somewhere in between the two extremes- decentralized and centralized. It is obviously wrong when Bitcoin Maximalists claim an ALT coin is not decentralized considering that decentralization is not binary, and such claims are an exaggeration at the very least.',
},
{
slug: 'decentralized',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'There is a strong argument that Bitcoin is not decentralized in and of itself if you consider all of the nuance surrounding Bitcoin decentralization. A couple examples are inherent with Bitcoin\'s proof of work consensus, and have to do with the amount of influence miners and developers have. Due to economies of scale, ASIC mining has a tendency to centralize to a few competitors. The costs of designing (and creating a prototype for) a Bitcoin ASIC is out of reach for all but the deepest of pocket books. Furthermore, a lot of Multicoinists think that Bitcoin\'s developers have too much influence in its decision making process. Although Satoshi is no longer around, there are other powerful groups which centralize Bitcoin.',
},
{
slug: 'decentralized',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Although some cryptocurrencies are very obviously more decentralized than others by design, that isn\'t necessarily a good or bad thing. What exactly is the ideal mixture of decentralization, security, features, and efficiency? The answer to that question is highly subjective- and therefore debatable. In fact, most cryptocurrencies which have implemented different derivatives of Proof of Stake algorithms (which Bitcoin Maximalists usually consider being more centralized) have operated for years with no consensus-breaking issues. Many alternative cryptocurrencies knowingly make tradeoffs in certain areas in order to improve in other areas, such as the ability to have cheaper fees or higher transaction throughput. Although these tradeoffs may technically make these alternative cryptocurrencies less decentralized than Bitcoin, ALT coin proponents will still unwaveringly argue that their chosen cryptocurrency makes up for these shortcoming in other areas. So far nation states have not attacked any cryptocurrency, and it is unclear if they ever will, so perhaps securing a cryptocurrency for such situations may be overkill. They may especially be overkill when tradeoffs in usability must be made to afford such resiliency.',
},
{
slug: 'efficiency',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin can be considered as being inefficient in numerous ways. For example, although these issues are extremely nuanced, many alternative cryptocurrencies have much faster transaction finalization, lower transaction fees, lower electricity consumption, more efficient governance, or added privacy features. Historically speaking, Bitcoin has been slow to adapt and improve upon its issues, and all of these types of issues have already been solved by a lot of alternative cryptocurrencies- each using different methods of solving each issue. Bitcoin will always be imperfect no matter what improvements are be made, and ALT coins provide good services by filling in the gaps that Bitcoin can not (or will not).',
},
{
slug: 'efficiency',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'It takes six confirmations on average (or approximately one hour) for a Bitcoin transaction to be considered reasonably secure to potential double spend attacks. Bitcoin transactions can occasionally take an even long amount of time to finalize depending on network congestion and the size of the transaction\'s fee. This limitation makes using Bitcoin not ideal for certain use cases which require fast finalization. Lower block times, different consensus algorithms, and also block-less ledgers are all methods that have been used to reduce finalization to a matter of seconds. Generally speaking, these more efficient consensus algorithms make tradeoffs in certain areas for their efficiency but their proponents earnestly argue that the pros outweigh the cons, and that their solution is an improvement upon Bitcoin in a meaningful way.',
},
{
slug: 'efficiency',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin transaction fees tend to be more than the fees for sending a transaction with almost every alternative cryptocurrency in existence. Changing the consensus algorithm, or raising the block size, has allowed many alternative cryptocurrencies to easily provide more affordable transactions for their users. Some consensus algorithms have even done away with transaction fees altogether by subsidizing transaction fees with inflation. Bitcoin has instead decided to use a complicated solution to this problem by championing off-chain transactions on extra layers such as the Lightning Network, but no one can be sure if such a strategy will be ideal in the long run.',
},
{
slug: 'efficiency',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Many alternative cryptocurrencies have done away with the energy-intensive Proof of Work consensus protocol for more environmentally sustainable alternatives which use exponentially less electricity to garner consensus. A large portion of the alternative cryptocurrency community champions different consensus algorithms that are each functionally different, but still all of them are more efficient than Bitcoin\'s PoW (as far as electricity consumption is concerned). The amount of electricity consumption required to secure Bitcoin is unsustainable- both in terms of costs and for the greater good of the environment.',
},
{
slug: 'sidechains-and-layers',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'When extra layers and sidechains are added on top of a cryptocurrency\'s protocol, it unavoidably alters the incentive dynamics of the underlying protocol. In other words, by adding additional complexity on top, it effects the game theory surrounding Bitcoin\'s security and incentive structure. With the way that Bitcoin kept its block size small, Bitcoin effectively forces people to use extra layers and sidechains which debunks Bitcoin Maximalists\' claims that such features are optional. Eventually, the macro-economic realities will be such that it will likely not be optional to use extra layers, because regular Bitcoin transactions may eventually be too expensive to transfer all but all of the largest amounts of Bitcoin value.',
},
{
slug: 'sidechains-and-layers',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Sidechains and extra layers are effectively unproven technologies at this point. Whereas, the original Bitcoin protocol has been battle tested for proper security and incentives over the course of the past decade. By keeping Bitcoin\'s block size small, and forcing some (or even a majority of) transactions onto these new layers, it creates more risk for end users seeing as though they are forced to use these new and untested technologies. Bitcoin could easily scale up by changing a simple parameter, such as raising the block size, and that would be a much easier and quicker solution than the inception of entirely new and experimental payment channels like the Lightning Network.',
},
{
slug: 'sidechains-and-layers',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Moving transactions from the base protocol to extra layers and sidechains changes the incentive dynamics in even more ways. Bitcoin\'s extra layers and sidechains may eventually prove to be economically unsustainable in practice. Eventually, moving transactions off-chain will negatively effect Bitcoin\'s security by reducing the amount of transaction fees that miners are able collect. Although it is hard to fathom what the incentive structures may look like exactly when the block subsidies tend towards zero, but it is still important to realize that this is a risk factor that Bitcoin must face at some point in the future.',
},
{
slug: 'interoperability',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'ALT coins have existed for almost as long as Bitcoin has, and have traded at a non-zero value for about the same amount of time. After considering those facts, it is unlikely that alternative cryptocurrencies will ever completely cease to exist. As long as they exist, and as long as they trade at a non-zero value, then there will always be at least some voluntary exchange and usage of alternative cryptocurrencies. Ultimately, who is to argue with the free market, as to knowing how to better valuate a cryptocurrency\'s price than it. Markets can stay irrational for long periods of time, and market sentiment is slowly correcting. If you are a supporter of free will, then an anti-alternative cryptocurrency stance can be considered fascist. Many believe that the biggest feature cryptocurrencies provide is the freedom to choose which form of money one would like to transact with (instead of being forced to use their nation\'s FIAT currency.) It is obviously wrong to take that choice away from free people.',
},
{
slug: 'interoperability',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: '"One cryptocurrency to rule them all" is not only unrealistic, but it is not ideal either. In a healthy and ideal cryptocurrency ecosystem, there should be multiple cryptocurrencies competing in free market competition. As far as free market competition goes, this will ensure the quality of services they provide remains high, and keep the costs of services as low as possible. If Bitcoin was the only cryptocurrency in existence, then Bitcoin miners could mine empty blocks more often in order to artificially create higher fee markets, or they could censor certain transactions they deem to be undesirable. The existence of alternative cryptocurrencies is a check on the power of other cryptocurrency\'s more powerful ecosystem participants. Developers\', miners\' and stakers\' risks from such malicious practices are increased with the existence of alternative cryptocurrencies that users have the option to switch to.',
},
{
slug: 'interoperability',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Alternative cryptocurrencies will eventually and seamlessly be networked together, which will create a blockchain technology stack of sorts. There are many projects and technologies that have the potential to fulfill such goals of interoperability with limited (or in some cases no) trusted third parties. In its essence, creating a multi-coin ecosystem is just a challenging user interface issue similar to that of Bitcoin\'s extra layers and sidechains. If Multicoinists\' expectations eventually become a reality, then alternative cryptocurrency proponents will be ahead of the game (compared to Bitcoin Maximalists) as far as getting ground floor valuations on alternative cryptocurrencies.',
},
{
slug: 'conspiracy',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'In late 2017, Bitcoin underwent what\'s termed a "soft fork" (aka. a backwards-compatible change) in order to implement a transaction malleability fix called Segwit. It was a controversial soft fork, which was made especially more controversial due to recent affairs having to do with Bitcoin governance. Up until that point, their had been a faction of community members that had repeatedly mounted unsuccessful attempts at hard forking the Bitcoin protocol in order to scale a different way. Those siding against Segwit mostly believed that raising the block size was the fastest (and easiest) way to scale Bitcoin, that Segwit was an unnecessary complication of the Bitcoin protocol, and some even claimed that the "anyone can spend" addresses that Segwit introduced made Bitcoin more vulnerable to 51% attacks. By keeping Bitcoin\'s block size small, it forces software-based efficiency advancements which take much longer to design, code, peer review, test, and implement... much longer than the simple change of a parameter like raising the block size, at least.',
},
{
slug: 'conspiracy',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Segwit was championed as being a superior solution to scaling Bitcoin by a large portion of the development community. A large portion of Bitcoin Maximalism antagonists claim that the Bitcoin Core developers, and other influential companies, manipulated the community into supporting Segwit due to its implementation being financially beneficial to them. In defense of their position, Bitcoin Core developers generally argued that raising the cost of running full nodes would eventually harm the Bitcoin peer-to-peer network\'s decentralization, but many have found contention with this issue by claiming that non-mining full nodes are not necessary (with some going so far as to claim the existence of non-mining full nodes are not ideal.',
},
{
slug: 'conspiracy',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'The soft fork which implemented Segwit also broke certain ways that people had previously been using Bitcoin. RBF (aka. Replace By Fee) was also enacted with the same soft fork, which effectively makes it much easier for people to double spend zero-confirmation transactions. Some Multicoinists see zero-confirmation transactions as providing valuable utility in certain use cases, and consider RBF as having broken such utility. With RBF activated, the transaction with the highest fee is considered the valid transaction by miners... no matter if it is a transaction that is re-broadcasted to the network after the original transaction. It is incredibly inconvenient to wait a hour for six confirmations to use recently received Bitcoins, and therefore some companies knowingly make security tradeoffs specifically for lower-value transactions in order to provide a better user experience- such as at a vending machine or food truck.',
},
{
slug: 'conspiracy',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Effectively, the cryptocurrency that is described in Bitcoin\'s whitepaper titled "A Peer-To-Peer Electronic Cash System" no longer exists. Even with Segwit enacted, median transaction fees skyrocketed to $50 U.S. dollars at peak congestion during December of 2017. A lot of companies using Bitcoin for commerce experienced countless issues due to the spike in transaction fees, and had to either suffer through it, or switch to competing alternatives. Fifty dollar transaction fees are simply not an acceptable amount for a countless number use cases, and therefore Segwit usage and techniques such as batching become mandatory instead of optional. By keeping Bitcoin\'s block size small, a large amount of dynamics within the Bitcoin ecosystem are forced to change as usage increases.',
},
{
slug: 'network-effect',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Bitcoin is said to have the most sizable cryptocurrency network effect, because it has the best name recognition, it has the highest market capitalization, and it is commonly in the news, conversations, and popular culture. Even though this is generally true, alternative cryptocurrencies are increasingly being propagated over news, social media, and advertisements over time. It is also becoming more normal for people to own alternative cryptocurrencies in their portfolios. Back in 2013, almost all community participants were what most people would call Bitcoin Maximalists today, and considered every single ALT coin as being a scam. Although this sentiment still exists inside the most extreme corners of the Bitcoin Maximalism camp, it has become a lot less common for people to reject every single alternative cryptocurrency outright while still supporting Bitcoin.',
},
{
slug: 'network-effect',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Although network effects may provide a sizable advantage to incumbents, they have been overcome in the past on plenty of occasions. Many popular web sites, technologies, companies, and even countries have garnered sizable network effects before eventually becoming obsolete. The existence of a strong network effect does not necessarily mean impunity from competition, especially not for eternity. Network effects offer a nice advantage, but they are not necessary for success considering entities that have achieved network effects started out with no network effect at all. If an alternative cryptocurrency does something cheaper, faster, or better than Bitcoin, then there is good reason to believe that it has potential to eventually take business away from Bitcoin.',
},
{
slug: 'network-effect',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'America Online, Myspace, AskJeeves, Geocities, and many other companies, all grew colossal brands only to be eventually proven to be prone to defeat. A network effect will only get a cryptocurrency so far before it is judged more on the value of its underlying utility. Bitcoin has slow transaction finalization, wastes megawatts of energy for its security, and its transaction fees are well above a non-zero amount. Alternative cryptocurrencies are constantly improving upon Bitcoin\'s shortcomings in countless ways. Considering it is fairly easy to sell Bitcoin and change to an alternative cryptocurrency, it is certainly possible that Bitcoin becomes outdated and loses its market dominance.',
},
{
slug: 'toxic-community',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Most Bitcoin Maximalists consider alternative cryptocurrencies as being scams, and also see them as being a waste of the communities\' time and effort. Maximalists consider alternative cryptocurrencies as splitting support for the cause for the establishment of a decentralized, un-censorable, immutable, stable, and programmable currency. However, we live in a free world, and everyone ideally should be able to fork away if they so choose, or use an already-existing alternative cryptocurrency whenever they would like to. Although forks and ALT coins are generally viewed as being attacks on Bitcoin by Maximalists, these arguments are made no matter if the alternative cryptocurrencies provide added utility, people use them, or if people value them at non-zero values. Such mindless tribalism is detrimental to the success of cryptocurrencies, and should be rejected by most free thinkers.',
},
{
slug: 'toxic-community',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'Attacking ALT coins in the name of self-regulation by Bitcoin Maximalists is supposedly done in an attempt to protect ignorant (or greedy) investors, but with some Bitcoin Maximalists it seems more like virtue signalling and shilling than speaking genuinely. The frequency at which they spread anti-alternative-cryptocurrency propaganda, and even the strength of their arguments can be highly questionable at times. After becoming invested in any certain cryptocurrency, one known side effect of is that investors are much more likely to support their investments religiously by ignoring its shortcomings while attacking its competitors. Certainly there exists a non-zero amount of Bitcoin Maximalists that are only involved with Bitcoin in order to buy it low and sell high, and such self-serving intentions can be shielded behind the plausible argument that they are championing Bitcoin for the greater good of cryptocurrency investors. In reality, some of these Bitcoin Maximalists could actually care less about investor protections.',
},
{
slug: 'toxic-community',
metaSlug: 'antagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
content: 'It is obvious to anyone who knows anything about Bitcoin that it is imperfect. Alternative cryptocurrencies aim to improve upon these perceived imperfections. Most Multicoinists honestly believe that their chosen cryptocurrency is superior to Bitcoin in one way or another. Whether that is actually true or not is a highly nuanced topic, but the very existence of a large amount of nuance creates a decent possibility that Bitcoin Maximalists may have come to the wrong conclusion based on faulty (or incomplete) logic. There is essentially a never-ending list of many non-nefarious reasons as to why someone may support and invest in an alternative cryptocurrency, and thus the rejection of Bitcoin Maximalism by free thinkers is completely reasonable.',
}
],
resource: [{
slug: 'inflation',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
title: 'The Bullish Case For Bitcoin - Vijay Boyapati',
media: 'blog',
link: 'https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1'
},
{
slug: 'inflation',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
title: 'Bitcoin Maximalism Dissected - Giacomo Zucco',
media: 'video',
link: 'https://youtu.be/D2WXxgZ8h-0?t=700'
}, {
slug: 'inflation',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
createdBy: adminUserID,
title: 'Bitcoin: A $5.8 Million Valuation - Mr. Game & Watch',
media: 'whitepaper',
link: 'https://www.scribd.com/document/354688866/Bitcoin-A-5-8-Million-Valuation-Crypto-Currency-and-A-New-Era-of-Human-Cooperation'
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{
slug: 'decentralization',
metaSlug: 'protagonistic',
approved: true,
dateApproved: new Date(),
approvedBy: adminUserID,
approvalCommentary: "Initial dataset",
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title: 'Most Cryptocurrencies Are More Centralized Than You Think - Kai Sedgwick',
media: 'article',
link: 'https://news.bitcoin.com/most-cryptocurrencies-are-more-centralized-than-you-think/'
},
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slug: 'decentralization',
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approved: true,
dateApproved: new Date(),
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title: 'Sharding Centralizes Ethereum by Selling You Scaling-In Disguised as Scaling-Out - StopAndDecrypt',
media: 'blog',
link: 'https://hackernoon.com/sharding-centralizes-ethereum-by-selling-you-scaling-in-disguised-as-scaling-out-266c136fc55d'
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slug: 'efficiency',
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title: 'Bitcoin Governance - Pierre Rochard',
media: 'blog',
link: 'https://medium.com/@pierre_rochard/bitcoin-governance-37e86299470f'
},
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slug: 'efficiency',
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dateApproved: new Date(),
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title: 'Bitcoin Mining Is Not Wasteful - Marc Bevand',
media: 'blog',
link: 'http://blog.zorinaq.com/bitcoin-mining-is-not-wasteful/'
},
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slug: 'efficiency',
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title: 'The Bitcoin Mining Network - Christopher Bendiksen, Samuel Gibbons, and Eugene Lim',
media: 'white paper',
link: 'https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf'
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approved: true,
dateApproved: new Date(),
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title: 'Making The Strongest Case For Small Blocks - Sosthène',
media: 'blog',
link: 'https://www.sosthene.net/strongest-case-small-blocks/'
},
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slug: 'sidechains-and-layers',
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dateApproved: new Date(),
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title: 'Let\'s Talk Bitcoin! #377 Sidechains, Drivechains and the Apple Store - Adam B. Levine, Stephanie Murphy, Jonathan Mohan, and Paul Sztorc',
media: 'podcast',
link: 'https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-377-sidechains-drivechains-and-the-apple-store'
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dateApproved: new Date(),
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title: 'The Bitcoin Second Layer - Nik Bhatia',
media: 'blog',
link: 'https://medium.com/@timevalueofbtc/the-bitcoin-second-layer-d503949d0a06'
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{
slug: 'hard-money',
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approved: true,
dateApproved: new Date(),
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approvalCommentary: "Initial dataset",
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title: 'The Bitcoin Standard: The Decentralized Alternative to Central Banking - Saifedean Ammous',
media: 'book',
link: 'https://amzn.to/2S1dw6g'
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{
slug: 'censorship-resistant',
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approved: true,
dateApproved: new Date(),
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approvalCommentary: "Initial dataset",
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title: 'Bitcoin Censorship Resistance Explained - Paul Andrew',
media: 'article',
link: 'https://coincentral.com/bitcoin-censorship-resistance/'
},
{
slug: 'interoperability',
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approved: true,
dateApproved: new Date(),
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approvalCommentary: "Initial dataset",
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title: 'There is no "Blockchain Technology" - Knut Svanholm',
media: 'blog',
link: 'https://hackernoon.com/there-is-no-blockchain-technology-8d70c878b18c'
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dateApproved: new Date(),
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title: 'Who Controls Bitcoin Core? - Jameson Lopp',
media: 'blog',
link: 'https://medium.com/@lopp/who-controls-bitcoin-core-c55c0af91b8a'
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slug: 'network-effect',
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dateApproved: new Date(),
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title: 'Crypto Network Effects - Tobias A. Huber',
media: 'blog',
link: 'https://hackernoon.com/crypto-network-effects-37962671998a'
},
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dateApproved: new Date(),
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title: 'Free Markets Are Regulated - Foundation For Economic Education',
media: 'article',
link: 'https://fee.org/articles/free-markets-are-regulated/'
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title: 'Post-Bitcoin-Maximalism: A Call For Embracing The Currency Competition - Ferdous Bhai',
media: 'blog',
link: 'https://hackernoon.com/post-bitcoin-maximalism-19f392610d67'
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title: 'The Case For Ethereum Maximalism - Eli Dourado',
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link: 'https://blog.elidourado.com/the-case-for-ethereum-maximalism-e6ec5dc7f7b2'
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title: 'The Decentralization Spectrum',
media: 'blog',
link: 'https://onwardlabs.co/blog/the-decentralization-spectrum/'
},