1/ I doubt I'm the first to say this, but: #HODL is a cartel, one which (approriately) is simultaneously pedestrian and innovative in the same ways as #cryptocurrency itself.
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6/ Are they right? Will it work? The answer depends on how fast non-speculative uses are developed to support the demand, whether price drops attract or repel new investors, and on whether the HODL cartel can actually hold (err..."actually hodl").
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7/ I can't help but be reminded of @ESYudkowsky and his Timeless Decision Theory (http://intelligence.org/files/TDT.pdf ). If HODLers can continue to act in unity, as TDT agents rather than traditionally rational ones, their prophecy will self-fulfill.
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8/ If not, then there's no floor on the short-term price decrease, and today's prices will evaporate until enough non-speculative demand exists to justify them. (Which, if it happens, will be the ultimate vindication of the most dedicated hodlers).
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9/ Final thought: BTC's governance issues stem, at least partially, from the disappearance of the founder. But in truly Zen fashion, this is one area where Satoshi's inaction is perfect leadership. His only contribution is to be hodler-in-chief. But it's an important one.
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