Minimalism in crypto is a lifestyle that helps people question what things add value to their lives. Bitcoin is a minimalist psychology.
Bitcoin lowers your time preference and allows you to save and invest for the long run. It is saving and investing, not consuming, that makes our planet a better place.
By consuming less, you enable others to obtain goods and services at a lower cost. It’s a method to get away from the world’s excesses, such as materialism, material goods, clutter, too much debt, too many diversions, and too much noise.
Bitcoin minimalism is about discovering truth in oneself and one’s values rather than in one’s material belongings. Freedom from the shackles of a consumer society supported by Keynesian economic policies that we’ve built our lives around.
Bitcoin minimalism is about making more mindful, thoughtful decisions… a quest for quality. Getting rid of all the nonsense and concentrating on what is really important. In contrast to the ICO boom, where there was a lot of consumption, waste, and fraud.
Minimalists seek satisfaction in life rather than in possessions; as a result, it is up to you to decide what is required and what is not in your life. The goal of Bitcoin Minimalism is to have a deeper awareness of the world around you.
Building a product is all about battling the illness of more. The Bitcoin community and core development team have concentrated on being as efficient (or minimum) as possible when it comes to constructing Bitcoin.
Developers: Developers’ mental bandwidth is reduced when they work with a single chain. Working with a large group is nearly impossible.
Security: Using only one Blockchain improves the ecosystem’s security by allowing for more thorough exploit analysis and PoW construction of the “biggest” wall (instead of hundreds of little walls).
Code: Satoshi picked a non-turing complete language because it can produce predictable results and reduce trust. Adding increasingly sophisticated loops produces unknown conditions (DAO, parity) that force you to trust the script without knowing what will happen.
Scalability: Bitcoin is all about being hyper-efficient with Layer 1 (Schnorr/Segwit) while also driving innovation on Layer 2 (Lightning), which is an enormously more scalable solution, allowing Bitcoin to be more accessible to the general public. We want to get the most bang for our buck. While increasing the block size is simple, it is the least efficient approach to scale. And making the most of our limited block size is critical since it allows us to become decentralized and censorship resistant.
Economics: We can be confident that our foundation is structurally strong by reconstructing the capital markets stack from a sound money base.
Libertarian political philosophy is based on the principle of limited government intervention and individual sovereignty. “Government is best when it rules the least,” as Thoreau put it.
A government should be a simple structure that protects people from threats of violence or coercion, upholds contract and property rights, and provides for national security in a reasonable manner.
We ensure that any seizure of wealth must be done through direct taxation rather than quiet inflation or deficit spending by divorcing the monopoly on money from the state.
Those who choose to invest in Bitcoin are exchanging something plentiful for something scarce, the past for the future, and financial dependency for financial sovereignty.
If you want to extend your minimalist everyday living to your trading pursuits, there are a few things you may do. To begin, you should simply use the most basic price action tactics. By removing your indicators, you will learn to rely on your trading on the market’s raw price action. The next step is to understand how to avoid overanalyzing the markets on a daily basis. Instead, schedule your trading time for later in the day, preferably after your normal employment.
When it comes to taking a minimalist approach, your trading setup is equally crucial. The truth is that, however cool all of those monitors, costly computers, and sophisticated workstations may appear to be, they are not necessary for your trading success. This is when minimalism enters the picture. Because you won’t have all those pricey stuff to care for, having a tidy working place will help you overcome certain selfish impulses. Keep in mind that you can trade successfully with just a computer. Your life will alter once you understand you don’t need all of that equipment. This will also assist you in maintaining a clean and orderly working environment in which you can think and breathe while also feeling comfortable and productive.
Kiara Sofia Smith
My current focus is blockchain technology and cryptocurrency. One could even call me a blockchain “enthusiast.” I have worked for almost a decade on several financial projects related to the stock market news, fundamental research and technical analysis for several blogs.
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