Tuesday, August 27, 2019

Hodl - hold: cryptomeme guide

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Dogecoin

In 2010, a teacher from Japan, Atsuko Sato, first published a photo of her shiba inu dog Kabosu in her blog. In 2013, this photo became a meme.

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Later, American developer Billy Marcus developed the Dogecoin in honor of the doge meme. Billy created Dogecoin so that traders associate cryptocurrencies with something cute and enjoyable.

Cryptocurrency has 139 thousand subscribers on the Reddit website.

«To the moon»

In the Russian-speaking crypto community, there is a popular phrase "to the moon" - when a cryptocurrency exchange rate should significantly increase. The expression comes from the English language.

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In English-speaking culture, this idiom means an unrealistic amount of something. For example, American schoolchildren say “to the moon” about homework when there are a lot of tasks to be done.

Buy bitcoin!

In July 2017, an unknown man interrupted the speech of the head of the US Federal Reserve Board, Janet Yellen. When the operator pointed the camera at Janet, he raised a poster urging him to buy bitcoin. The meme was called The Bitcoin Sign Guy and soon went online. He became a symbol of an absurd reaction to any serious phrase or event.

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Keep calm and hodl 

«Hodl» is the same as “hold” but with a typo. Traders use this meme when crypto assets begin to fall in price. Thus, they encourage other users not to despair and not to sell assets but to wait until the market situation changes for the better.

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The Hodl meme appeared in 2013 when a GameKyuubi user wrote a misspelled word hold in a post on the Bitcointalk forum. Traders liked the word so much that they even came up with decryption - hold on for dear life.

Enjoy your meal, Johny! 

 In July 2017, the CEO of MGT Capital Investments, John McAfee, promised to "eat his penis live" if by 2020 the price of bitcoin does not reach the mark of $ 500 thousand. Every trader in the crypto community is looking forward to 2020.

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John's promise quickly became a meme and is used in the crypto community when traders give an honest and truthful promise. 

Size matters

Bitcoin founder Satoshi Nakamoto made blocks that recorded all the information about transactions in the size of 1 megabyte. Satoshi was sure that such blocks were ideal for the normal operation of the system.

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In 2016, there were so many transactions that some developers decided to increase the capacity of bitcoin blocks. Then crypto enthusiasts demanded a hard fork - split Bitcoin blocks into two different branches. And then broke out the dispute on the size of the blocks, which lasted several years and as a result, there were many forks created - Bitcoin Unlimited, Bitcoin Classic, Bitcoin XT and others. Many of them are not even remembered today.

Yohoho and a bottle of rum

In 2017, the Security Service of Ukraine raided the apartment and office of ForkLog founder Anatoly Kaplan in Odessa. The event became a meme due to the actions of the Security Service of Ukraine - along with equipment and cash, they confiscated a bottle of rum.

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And what are your favorite memes? 


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