0/Why HODL?

Bitcoin is a proxy for the struggle for human dignity. It is a peaceful revolution seeking to displace the anomaly of false monies. The world stands at the cusp of social and political upheaval. Though many look to politics, money’s fate will determine our future.

1/HODLers voluntarily participate in the reformation of money. This is a multi-generational effort to secure & ensure a future sans fiat. HODL forms the basis of a simple ideological framework entirely forward looking. It abandons past constructs & releases one from the present.
2/HODLers sacrifice present needs for future rewards. Not just monetary riches, but the gift of an economy free of fiat’s false prosperity. Bitcoin succeeds where fiat fails. Savings is rejoiced, opportunity is available for all.
3/Our civilization is engaged in an epic conflict this time centered around money. Greater than any physical battle in history, fiat’s war on the public seeks deep authoritarian control over every aspect of life. You will work, live, love at their mercy, upon their whims.
4/Historically conflict existed at physical borders between tribes and nations. Members forged ideological bonds allowing them to selflessly coordinate, overcome threats and establish regional security.
5/Distant corners of the fallen Roman Empire had to contend with its old enemies. These disparate regions formed not only military alliances but religious, cultural and ideological cooperatives. An emergent social framework fostered a common goal: survive.
6/The USD is our Roman Empire and despite reassurances, rest assured, we already live in its waning shadow. This time the war for global dominance has moved to the digital realm. Central banks are armed and will deploy their assets to great effect.
7/The old guard assaults Bitcoin with circular logic arguments, recycled FUD, and a host of regulations. They brand Bitcoin as corruption, waste and disaster. Their discourse dovetails into a larger cultural movement of behavior and thought control.
8/It is a well funded effort to stitch the remains of a broken system back together. By any means necessary, the end game, a global socialist regime with total control over your livelihood. No accountability, just trust in a monolithic political body surveilling your every move.
9/HODLers respond with logic and memes. They share knowledge across podcasts, craft beautiful essays, publish thoughtful books and tirelessly engage a growing army of rabid fiat foot soldiers. They posit a covenant of peace and prosperity.
10/HODLers are armed with math, science, philosophy and deliberate across nearly every discipline. They debunk commonly held beliefs engrained by the fiat education complex. They warn against inflation, debt and the great unseen theft of human time.
11/HODLers sharpen their wares, self-reflect & seek deeper understanding of Bitcoin’s limitless capacity. They sojourn through the longest winters for a distant promise. Many alone, many lost but an assemblage of the resilient will survive and thrive.
12/The HODL mantra is not just a meme but the spearhead and the shield against what will be an ongoing struggle between fiat and sound money. HODLers man the front and like freedom seeking forebearers of antiquity come from all walks of life joined under a single banner.
13/It is a simple but profound call to duty forging a virtual community from across the planet bent on undoing 100+ years of central bank follies. Generations of time is at stake. A civilization stands at the precipice.
Fin/But Bitcoin doesn’t care. If you’re just investing, sell, collect your dollars, move on. The journey may be too long & arduous for you. But if you seek enlightenment, HODL.

More from Bitcoin

1/9 Bitcoin has performed remarkably these past few weeks despite:
-Most of DeFi falling 50-80%
-CFTC charging BitMEX
-POTUS contracting Covid
-Delayed stimulus talks
-FCA announcing a derivative ban for retail

Why? Let’s see what we can find on-chain

2/9 Bitcoin’s Realized Cap has been steadily increasing just as it did before the 2017 bull market took off. If it continues as it did in 2017, 2021 should be an interesting year.

https://t.co/nqgX7vTMDV


3/9 Bitcoin MVRV, whilst more volatile this market cycle, is also is holding the same trajectory it did during the 2016/17 bull market

https://t.co/jadbn6nCOB


4/9 Looking at the supply of Bitcoin on exchanges is a good indication as to whether or not users are increasing trading activity, or increasing hodl activity. With supply reducing it looks like the tendency recently has been driven by hodlers


5/9 Despite the recent volatility, the number of Bitcoin whales continues to increase, indicating the growing number of large holders that have positive expectations for the future of Bitcoin
1/THREAD: WHEN WAS IT CLEAR?

Oct. 8, 2020: The purpose of this thread is to document and timestamp when it first became clear that #Bitcoin was likely to become a major reserve asset for public corporations, and eventually states, with Square's purchase of $50M in BTC.

The purpose is to give something to cite when ppl later claim "But there was NO WAY OF KNOWING..."

h/t @ErikSTownsend who used the same format to call out the impact of Covid on Feb 8 and made me personally aware of the looming shutdown of the country
https://t.co/opuiNgSeqC !


Bitcoiners smarter than me have been predicting the takeover of the dollar by Bitcoin for many years.

In 2014 with Bitcoin barely at $1B, @pierre_rochard wrote https://t.co/EGHa58KqHq, covering all the incorrect narratives of Bitcoin and stating it will overtake the dollar.

"[skeptics] misunderstand how strong currencies like bitcoin overtake weak currencies like the dollar: it is through speculative attacks and currency crises caused by investors, not through the careful evaluation of tech journalists and 'mainstream consumers'" - @pierre_rochard

I first became bullish on Bitcoin in the summer of 2016, around a $3B market cap, but it was still a toy project at that time in the eyes of most in the financial world, while many technologists thought of it as a v1 technology to be improved on.

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! 👇

It's all in French, but if you're up for it you can read:
• Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
• Their high-level legal decision: https://t.co/hwpiEvjodt
• The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent — this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have — though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.