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.
Show this thread
-
it was a useful product and now its not. because of hodlers. value of a medium of exchange depends on people adopting it because they value it as a medium of exchage not hoarding it for merely exploiting.
How does hoarding prevent use as MoE? Bitcoin is infinitely divisible, as long as even 1 coin is for sale, the "hoarding" just means less transactions, lower fees and faster clearing.
-
-
hoarding shouldnt be incentivized with the system. if hodling is the most profitable thing its users could do then theres something wrong with the level of exploitation. why not actually nobody use their bitcoins, like zero bitcoins in circulation? why is current level right?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.