Subnostr

Institutions are not individuals. They don’t act to better themselves the same way an individual does. An individual working for the benefit of an institution will only and always act to benefit himself over that institution. I believe this to be Praexeologic Law but for now it will stand as a theory until proven.

By this theory, people thinking Bitcoin will be HODL’ed by an institution is insanity. HODL’ing is a purely human action by an individual insisting on a low time preference for himself.

There is little room for individuals holding onto a low time preference to simultaneously hold a lower time preference for an institution.

Even #[0] had to demote himself from his institution to maintain the energy required to HODL. There are countless other examples of this including Satoshi who had to disappear to ensure his coins remain untouched forever (his form of HODL’ing)

More to come on this.

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Discussion

captjack 🏴‍☠️✨💜 2y ago

state corporate institutions when enter bitcoin HODL race their value n habit are never as individual thinkers neither their objectives or timellines

Phundamentals 2y ago

States and corporations USE bitcoin - but once that use is done, they will no longer hold. They will pay for goods and services or back debt using Bitcoin. They will innovate to make their utility of use more valuable.

They don’t have the wiring to HODL - it’s unique to human individuals.

captjack 🏴‍☠️✨💜 2y ago

G7 countries - institutions do futures only 90% they hardly ever touch real BTC

Phundamentals 2y ago

That’s a whole other issue. They don’t actually custody their coins. I know that will change and more and more businesses will self custody in the future.

But they will never have the kind of Diamond hands that a HODL’er can have.