Wealth transfer from the impatient to the patient. That was always the point.Satoshi Nakamoto (not really)
The most concise summary of Bitcoin's economic thesis. Also applicable to every poker game ever played.
On December 18, 2013, a Bitcointalk forum user named GameKyuubi posted a drunken rant titled "I AM HODLING" (a typo of "holding"). The post, written during a market crash, argued that the best strategy was simply to hold rather than try to trade. The typo went viral and "HODL" became the defining mantra of Bitcoin culture β a rallying cry for long-term holders who refuse to sell regardless of price action.
If you liked this quote, you'll love hearing Satoshi's voice. 21 comedy podcast episodes of fake intercepted transmissions from the creator of Bitcoin.
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