“If you don't know, the thing to do is not to get scared, but to learn.”
― Ayn Rand
The hodl, comes from a bitcoin talk forum post written on December 18th, 2013. I had not heard of bitcoin yet, but I found the USD price of bitcoin on that day on satsmuse. Don't believe your TV. It does not stand for "hold on for dear life." That's fake AF news. It's hodl, not hofdl. It was "HOLDING" mis-spelled because a guy got drunk on one of many "I need a drink" moments in bitcoin history. We do not trade. We do not persuade you to buy buy bullshit on a blockchain. We use public key cryptography, but we are not "CrYpTo BrOs." We are HODLERS. We HODL Bitcoin. We use charts for other stuff, but not day trading.
2 + 2 =4
21,000,000 = 21,000,000***
This is a sticker of the bitcoin supply schedule. 50 new bitcoin every ten minutes. The new bitcoin gets divided in half after 210,000 blocks 32 times. Therefore we know how may bitcoin will exist in the future with mathematical precision.
- A new block is created every ten minutes.
- 144 blocks per day.
- 52,560 blocks per year.
- 210,384 blocks every 4 years.
Here is the original post, by GameKyuubi entitled:
## WHY I AM HODLING
I type d that tyitle twice because I knew it was wrong the first time.
Still wrong.
w/e.
GF's out at a lesbian bar, BTC crashing
WHY AM I HOLDING?
"I'LL TELL YOU WHY"
It's because I'm a bad trader and I KNOW I'M A BAD TRADER."
"Yeah you good traders can spot the highs and the lows
pit pat piffy wing wong wang just like that and make a millino bucks
sure no problem bro.
Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL
he he he
and then they're like OH GOD MY ASSHOLE
when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING
buy back in but you know what?”
"I'm not part of that group.
When the traders buy back in I'm already part of the market capital
so GUESS WHO YOU'RE CHEATING day traders NOT ME~!
Those taunt threads saying
*"OHH YOU SHOULD HAVE SOLD"*
**YEAH NO SHIT. **
**NO SHIT I SHOULD HAVE SOLD. **
I **SHOULD HAVE**
SOLD MOMENTS BEFORE EVERY SELL
AND BOUGH T MOMENTS BEFORE EVERY BUY
BUT YOU KNOW WHAT
NOT EVERYBODY IS AS COOL AS YOU."
You only sell in a bear market if you are a good day trader or an illusioned noob.
The people inbetween hold.
In a zero-sum game such as this, traders can only take your money if you sell.
so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)"
This Is Why I Hodl
I consider myself an activist/hacktivist investor.
Many of the people I follow on nostr were on Mastadon, under the Bitcoinhackers.org instance. The Cypherpunk's said, "Code is speech. Cypherpunk's write code.
Nostriches know this: Vibe coding is English. Nostriches write vibe code.
Hodl's right. Fiat maxis cannot believe we hodled. It's true because people wearing green tinted fiat glasses do not understand what's in their wallet. It's all credit, even your debit card, but here's the real mule kick to the balls-- The value of old-fashioned, paper cash money is also credit. According to the Chapwood Index, inflation is much higher than the CPI would lead you to believe.
A [few blogs ago](primal.net/marc/bitcoin-is-activism, I called myself an activist investor, but what is the source of my activism? I prefer free(free as on freedom not free beer), I wrote about being a hacktivist/hacktivist investor. This is what my activism is all about. I am opposed to monetary debasement governments impose on their citizens without their consent.
This problem started thousands of years ago, and I believe monetary debasement is the root of all evil, most of it anyway. That's why we say Fix The Money, Fix The World!
According to GPT5 mini ”Fix the Money Fix the World" is a phrase often associated with the belief that adopting sound money principles, like those of Bitcoin, can address economic issues such as inflation and central banking problems. It suggests that a better monetary system can lead to a healthier economy and society.”
Fixing The World
Here is my activist investment thesis, but be aware this is not financial advice. I am merely exposing my bias. It cannot be investment advice, because this is not about the money, it's about the monetary debasement I oppose, also known as inflation.
I do not hold a "well-diversified portfolio." I hold the middle finger up to the Federal Reserve. I do not own any stocks, bonds, or rental properties. If human-kind loses the ability to make electricity, bitcoin will stop working and I will go down with the ship. I spend sats, but the goal is to spend less sats at the end of the year than I earn. It took a long time to learn how to do this. I've made many mistakes, but it's fulfilling.
It's true, if we don't switch to quantum resistant cryptography, quantum computing might break the bitcoin timechain. If it does, sucks to be me, but if you think the too big to fail banks will survive this financial zombie apocalypse, you might want to sit down. Grab some tissue paper. I have some bad news for you. That 3 digit security code on your credits NGMI either.
Time is money, and bitcoin turns it into a clock. It's your true wealth and we all know one thing for sure. Your days on Earth are much more scarce than bitcoin even if you live as many days as Moses, 43,800. Your supply of days is shortened by one with each good night. Under the fiat system, the fruits of your labor diminish as your time on the planet becomes more scarce. This is because those who control the money abuse this power. Modern money is proprietary software designed to siphon the value you've created your whole life. The powers that be steal from you like a pick-pocket-er. You work harder for less stuff.
Bitcoin is like a wallet with a chain with a unique feature. The chain gets longer every ten minutes. The longer the chain, the more difficult it is to break. You also can't yank it off the belt loop. The government cannot sweep your stack into the strategic bitcoin reserve unless you sign a transaction or they find the keys. They do get some bitcoin from some people, but it would be extremely difficult for them to
After about 6 blocks(about an hour on average), Your money becomes almost impossible to steal.
You Can't Hold Dollars
]
A dollar was once as good as approximately 1/20th of an ounce of gold.* Put another way, a dollar was first valued at 5% of an ounce of gold. Now that gold is worth $3,348.42 per ounce, we can express the true value of a dollar expressed in a percentage of an ounce of gold. This is Are You Smarter Than A Fifth Grader math, not astrophysics.
A dollar is now worth 0.000297 ounces of gold. The median price of a home in the United States is about 112.68 ounces of gold or 3,589,748,070 sats. That is what I protest, the consequence of monetary debasement. That is why I HODL.
My fiat work is not valued much by society at large, not financially anyway. I've always been frugal, but my paycheck could never rise faster than my cost of living unless I bought used stuff off Craigslist, TV's, beans, rice, or lentils. I once saw my savings account paid 0.01% and verbally uttered the words, " are you fucking kidding me?"
The CPI is "high" at 2.7% these days, but those numbers are bullshit when compared to the top 150 items bought by most Americans.** Those who do not understand this math can feel it when they shop for groceries. They vote for the candidate that will ease inflation, but voting your way out of a sovereign debt crisis and praying to the economic war gods is not a game theory optimal strategy for dealing with this situation. Oh well. You can't save everyone. Some people will fall for central banks on a blockchain, memes on a blockchain, or the most useful blockchain of them all: National debt on a blockchain.
My parents graduated high school. My dad is part of the Silent Generation. My mom is a Baby Boomer. They bought a house in Southern California in March of 1990 for $134,500. According to the official CPI calculator $134,500 has the same buying power as $337,606.50 today.
Sure...no problem bro.
Still wrong.
pit pat piffy wing wong wang
Stablecoins are deficit spending on a blockchain.
Here is a quote from suit wearer, JD Vance, who spoke at the Bitcoin 2025 conference. Full disclosure, I watched this on YouTube because I didn't feel like waiting in line and walking passed secret service suits.
let me emphasize: In this Administration, we do not view stablecoins as a threat to the integrity of the dollar, quite the contrary. In fact, we view stablecoins as a power multiplier for our economy. A stablecoin pegged to the dollar, especially after the Genius Act is enacted, can only be good for the U.S. economy and can only be good for the dollar.So, again, we are optimistic that the Senate can quickly pass a pure Genius Act and that the House can follow suit. Of course, once that happens, our great President Trump will sign the bill as soon as he receives it.
Somebody's getting pegged, but good for the dollar? Meh...I'm not so sure. How are stablecoins good for the dollar?
- They are fast, especially when we get them on the lightning network
- They are stable as a todler riding a Tiny Tike downhill. I'll admit they are not totally useless, but they won't get you where you need to go.
- They make Trillions of fiat bucks
- Tether, the biggest stablecoin issuer in the world, is leveraging a speculative attack on the US Dollar. Oops..Sorry...That's good for bitcoin, not the dollar. My bad.
- Good For Jobs. Tether makes 200 million per week with it's whopping 50 employees. I'm available for hire by the way.
How much do you think my parent's home is worth today? It's well north of $337,606.50. You might think, oh well that's California. Sure, but the median price home in the United States is $410,800(in case you still care about digital fiat) The CPI is used to calculate wage raises, I should trust government math, right?
Still wrong. w/e.
When I was young, fractional reserve banking pissed me off. I still have some of that anger smoldering somewhere inside me, and I'm trying to let it go. I shouldn't care and I know I can't pull everyone out of the fiat Matrix, but that anger is still there like the bone under my skin. You can take the punk rock out of the punk rocker, but you can't take the punk out of the punk rocker.
I am not a trader.
WHY AM I HOLDING
I'LL TELL YOU WHY?
- It's because the dollar is bad money.
- I know the CPI and unemployment numbers are bullshit.
- Political promises of a balanced budget are bullshit.
- The United States government needs CrYpTo to fuel various political promises. This is a quote from JD Vance at Bitcoin 2025. Although I had a ticket, I did not watch it live because I was afraid he might say something I don't like and suspect the secret service frowns on throwing tomatoes.
Just kidding NSA. I wouldn't really throw tomatoes.
"Once the Genius Act is enacted, it will greatly expand the use of stablecoins as a digital payment system for millions of our fellow Americans. It will also protect token holders and inject further transparency into the market." J.D. Vance, Bitcoin 2025
What exactly are token holders protecting?
Memes? Non Fungible and right-clickable jpegs? No, the genius act enables a different Number Go Up technology, the United States National Debt. According to USDebtClock.org, every US citizen owes $108,603. Vance said the Bitcoin price was $108,000 that day. From this vantage point, we see the dollar in a different light. Stable coins make debt per citizen go up. This means the set in stone limited supply cap of bitcoin is competing against the infinite US National Debt demand.
he he he
Full disclosure(I apologize to the toxic bitcoin maxis in advance.):
I hodl one whole Liquid Tether stablecoin. This is not investment advice. I plan on giving it to my grand daughter as a digital memento. What will it buy her in 25 years? My guess, it will become as useless as a half-penny. You can't even find anything at the dollar tree for less than $1.25 these days.
My grandparents bought me US Savings Bonds when I was born. I don't petition the government for higher Interest rates. I don't care if Powell lowers interest rates or if the President of The United States calls him poopy-dummy pants because I am exiting the fiat master-slave system. Maybe my paycheck will buy me less trash on Amazon because of a price dip, but I don't want your war-daddy debt bucks.
I don't know how many stablecoins the government will print over the next decade, but I do now how many bitcoin will be created within the next decade, but I expect 525,960 tik-tocks of the bitcoin time chain. We will never create more. Feel free to change the code, but I will not run it on my node. Nor will anyone in their right mind because bitcoin is 21 million and not shitcoin can change that, not even a shitcoin backed by the full faith and credit of the United States National Debt.
Line Lyn Alden says, nothing stops this train. Voting does not stop this train so I vote for better money](voteforbetter.money). I use better money to buy groceries. better money to pay my bills, and better money to save. That is why I am hodling bitcoin. I hope you opt out of inflation, but if not, you should at least [calculate how much your stablecoins will buy within ten years].
☮️
Sauces: * The Case For A 100% Gold Backed Currency, by Murray Rothbard.
*** Technically, there will be a little less than 21 million whole bitcoin, but it's pretty close and the main benefit is the inelastic supply this creates.
Suggested reading:
www.gnu.org/philosophy/free-software-even-more-important.html