In Molly Jane Zuckerman’s Cointelegraph reporting this week, readers can find news on Starbucks crypto initiatives, references to Jack Dorsey’s crypto crush and various market winners and losers.
It’s all rolled up in something called the “Hodler’s Digest” that seems to be a relatively new feature of the tech media.
“The crypto markets have seen a relatively stable week, with Bitcoin trading at $3,932, Ethereum at $136 and Ripple at $0.31. Total market cap is around $133 billion,” Zukerman writes today, evaluating the greater coin landscape.
Elsewhere, Zukerman highlights the endorsement of the Create2 new functionality brought in by Ethereum hard fork Constantinople and related commentary by Parity CEO Jutta Steiner.
“If that functionality Create2 had existed at the time, there wouldn’t have been a vulnerability, basically,” Zukerman reports Steiner as saying of recent attacks on the cryptocurrency, taking from Adrian Zmudzinski’s reporting March 5.
There’s a lot more – but wait – what is a “hodler” anyway?
For those who suspect that Zuckerman or some other headline writer made a typo, it’s important to understand some of the jargon behind long-term buy-and-hold strategy in the crypto world.
First of all, they’re not long-term buy-and-holders, they’re “hodlers”.
We have conflicting reports on how crypto investors came to invert the last two letters of the active verb describing their tooth and nail reluctance to part with crypto assets.
Some people say it’s based on a typo where some drunk person typed in the word “hold” wrong.
Others think it’s an acronym for the phrase “hold on for dear life.”
Either way, it kind of fails to describe the ebullience and enthusiasm that many of these “hodlers” have.
The poster child for hodling is actually a guy with the nickname “crypto kid.”
If you don’t want to watch this illustrative video broadcast, here are the highlights – he lives in a tree house, he likes to swing on swings, and he’s got a vast fortune in Bitcoin holdings.
Crypto kid might seem frivolous, but he’s part of how the world lets more serious crypto investors know what’s out there – resources like the Hodler’s Digest are another arrow in that quiver, and we aim to augment what’s available by taking breaking news and analyzing it in ways that promote cryptocurrency 2.0 – not just to polish individual cryptocurrencies or be a cheerleader for the market, but to actually assess what’s happening day to day.
When you combine that practical analysis with the right amount of cheer you have a “hodler” – a person who is both savvy and optimistic – who can track daily movements and understand why a given crypto has a given valuation, but who is confident over the long-term that their crypto portfolio initiatives will pay off.