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21 hours ago · 2 min read ·
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Hodl Rallye

on Oct 11, 2018

While listening to a Bitcoin podcast last week, I learned about the HodlRallye. My first reaction was: "cool, a rallye to raise awareness for Bitcoin".
Hodl is a common meme in the crypto currency space. It comes from a famous misspelling of the word "hold". It means holding on to your precious coins, and only letting go in exchange for something you need.
I even considered participating for a split second. But upon closer inspection there are many reason why I won't.
To begin with, I don't want to be part of a rallye with mainly polluting pimp cars. And then the whole thing is a bit too decadent for my taste. It is going from one party to another with models that are part of the fun. I fail to see how this helps increase adoption of Bitcoin.

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