Posted on 03/21/2021 10:03:35 AM PDT by aMorePerfectUnion
It’s the decimal points. I think it’s eight places (hence “bit” in Bitcoin.). That hasn’t changed since day 1. Although many people don’t understand how divisible it is.
HODL is slang in the cryptocurrency community for holding a cryptocurrency rather than selling it. A person who does this is known as a Hodler. It originated in a December 2013 post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, “I AM HODLING.” It is often humorously suggested to be a backronym to “hold on for dear life”.
In crypto currencies all of the ledgers are public. It would not be treated any differently than who has access to bank accounts and wire transfers.
I have to chuckle at the belief in the propaganda that cryptos are used for illegal things. The last audit indicated it was less than 1/3% of transactions were suspect.
You cannot touch a $100 bill without getting cocaine residue on your hands.
There are some that say HODL = Hold On for Dear Life.
“Couldn’t you say the same thing about any publicly traded stock, since it also has limited shares that billionaires could snap up?? “
no, you can’t say the same thing at all, because the corporation and it’s productive assets such as factories and ownership of raw materials are still productive assets contributing to economic activity regardless of who owns the stock.
should a few gazillionaires end up owning all the bitcoins, the result is the same thing as if they had bought up the complete supply of pictures by some famous artists such as Van Gough and displayed them in their living rooms only for their own personal pleasure ...
Well then that would be because math is racist. But I will concede if BTC does somehow gain in popularity it is going to confuse a lot of people. Burger, fries and a coke - that'll be 0.0001165 BTC please.
That’s only $6.70. Lol.
:-)
Yep, that’s the Tuesday early bird special price at my favorite local burger joint.
But I forgot to include the 9.125% sales tax.
thank you for this post. The letter that this company did to its shareholders is remarkable. Really worth reading.
congrats!
I believe in ETH. We shall see, of course.
Thanks!
if either of you have the appetite to research and weigh in, would value your opinion.
this is sort of bringing an ethereum like ecosystem...to BTC.
CD, I am unfamiliar with this.
I’ll have to read a bit.
We’ve entered an accelerated age for DeFi.
Early still, but mind-blowing. And already too big to know it all.
I am pondering the possibility of launching a VC fund to invest in these companies more directly. It’s a huge opportunity as this unfolds.
BTC is the gold standard...
agreed, please keep us in the loop. willing to participate in that!!
If I get to that point, I’ll update you by private mail 👊🏼
awesome
Hold On for Dear Life
Definitely a level of volatility you have to get used to
What I do notice are the precious metals dealers who now accept Bitcoin.
Yep....APMEX does. And, Etherium.
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