Well, HODL stands for "Hold On for Dear Life" or some such, and refers to the strategy of just buying bitcoin and never selling, never worrying about what the dollar value might do.

Other than that, it's just talk about how problems and concerns will all be taken care of.

What gets me a little bit though is how these firms are talking about new technology and bitcoin in the same sentence, and that's just not true anymore. Bitcoin is some 12 years old now which in tech terms is an eternity. Of all crypto coins out there, bitcoin is about the most archaic precisely BECAUSE it was first. Newer coins have already solved the problems that do plague bitcoin right now. Bitcoin facilitates about 7 transactions per second and take an hour to clear, which is pathetic, and for that short supply reason, transactions cost the equivalent of about $20 each. That's completely unusable for retail transactions.

Other cryptos can do much better, like EOS that can compete with CC's as it can handle the 20,000/second trans rate, and do it for fractions of a penny, and complete the transaction almost instantly.

What gives BTC some 70% of the entire crypto market cap is the same thing that has keeps the dollar afloat: And that is Reputation. I think market forces must eventually cause more capable cryptos to overtake and dethrone bitcoin. Bitcoin's shortcomings though are not an impediment for govs and big firms to buy into it and transact with it at that level, much as gold bars have been traded between countries. But for local/retail use, something else is needed.

As always, thanks so much for breaking it down for we BC luddites.

keeps the dollar afloat

I got email from this girl a few years back. She was in U.S. Army and in Syria on a joint U.N./U.S. peacekeeping mission. She sent me some neat pics of her holding a bull pup rifle.

She told me her unit came upon a horde of U.S. Dollars. Her share was $2 Million and she needed help to get it out of the country.

I smelled a scam coming on, so I deleted the message. :-/