HODL – Hold On for Dear Life – is an acronym for those searching for some means to preserve their net worth in this day of ever-depreciating forms of money. And who can blame HODLers? Just consider the U.S. Dollar today is worth the equivalent of three cents back in 1913 when the federal reserve system was established and, with it, the means to debase the nation’s currency in the blink of a central banker’s eye.
There must be a way to address this insatiable hunger for some absolute that is outside the arbitrary, whimsical, capricious clutches of man. There’s real estate, of course, with its fixed supply. Or maybe precious metals though that too has shortcomings.
We will discuss what role Bitcoin, with its defined scarcity, might have in the preservation, accumulation, and transfer of wealth. The subject becomes far less daunting once the mumbo-jumbo of the crypto vernacular is removed from what is essentially a pretty simple concept.
Start by imagining a game which can be played by anyone with an internet connection. The game features tokens (just refer to them that way for the time being) which can be acquired by players through purchase or otherwise “earned” (by means that are beyond the scope of and not terribly important to this discussion)…
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