Advertisement
AD

Main navigation

"HODL" Meme Now Dates Back to Very First Bitcoin Transaction

Advertisement
Sun, 25/10/2020 - 18:14
"HODL" Meme Now Dates Back to Very First Bitcoin Transaction
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Contents
Advertisement

The Bitcoin community has come up with a new misspelled version of the word “hold” after discovering in the address of late computer scientist Hal Finney who is widely known as the very first recipient of Bitcoin.   

“A new misspelling meme variant. Hodl now hlod,” Blockstream CEO Adam Back has tweeted.   

A transaction that will go down in history books

It’s been almost 12 years since Satoshi Nakamoto published the Bitcoin whitepaper on Oct. 31, 2008. 

The first Bitcoin transaction occurred between Satoshi and Finney on Jan. 12, 2009. The coins were sent as a test, according to Finney’s recollections of that historic moment:      

“When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test.”

While the real identity of Satoshi remains the industry’s biggest mystery, Finney is believed to be one of the most probable candidates. However, the cypherpunk legend denied being Satoshi. Writing analysis consultancy Juola & Associates concluded that his writing style was indeed different after scrutinizing their emails. 

Related
Viral MEME Token Shows Everything That Is Wrong with DeFi Hype

Part parcel of the crypto culture 

The “hodl” meme — which has become omnipresent in cryptocurrency parlance — actually originated on Dec. 18, 2013, when a user on the Bitcointalk forum wrote a now-viral message about the perils of being a bad trader with a misspelled headline.

120
Image by bitcointalk.org

It then gained traction on Reddit, Twitter, YouTube, and other social media platforms as an acronym that stands for “hold on for dear life.” Bitcoiners discourage others from trading their coins.   

In 2018, the slang term even made its way to CNBC’s cryptocurrency documentary “Boom or Bust” that features the world’s most extreme Bitcoin HODLer. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

ElmonX Unveils ‘The Scream’ NFTs by Edvard Munch For The First Time Ever
World's First Bitcoin Layer 2 Conference to Unite East & West in Hong Kong, April 2024
Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
Our social media
There's a lot to see there, too

Popular articles