Move over HODL, it's time to BUIDL
If you have any interest in the cryptocurrency space that's bubbled last year and deflated this year, you've probably heard of the term HODL. It's a misspelling of the word "hold," originating from a post on the Bitcoin Talk forum in 2013, that has since taken a very specific meaning: holding (not selling) cryptocurrency no matter what.
And while crypto-enthusiasts have been encouraging each other to hodl their coins amidst the crypto-carnage of 2018, many are now focusing on a similarly misspelled word with a very different meaning: BUIDL.
And we'll likely see more of it in the future. The Next Web reports the word has recently been trademarked by cryptocurrency exchange Coinbase.
SEE ALSO:As bitcoin tanks, Ohio decides to let businesses use it for tax paymentsBuidl -- a misspelling of build -- has been touted by some cryptocurrency experts as the thing people in the crypto space should really be focusing on. For example, Ethereum co-founder Vitalik Buterin used it on Twitter in March while promoting the beneficiaries of the Ethereum Foundation's grants.
Tweet may have been deleted
And while the term is not nearly as ubiquitous in the space in HODL, it is being used quite often. In Korea, there's actually a blockchain conference called Buidl.
The term buidl essentially urges cryptocurrency enthusiasts to focus on building new cryptocurrency projects, instead of blindly holding cryptocoins and waiting for the price to go up. And while most cryptocurrency enthusiasts will say there's nothing wrong with hodling crypto, many now think that without buidling, the entire space might just wither and die.
In its trademark application, filed this October, Coinbase says it plans to use the term in connection with "software as a service (SAAS) services featuring software for transactions using virtual currency, namely, software for managing, buying, selling, storing, transacting, exchanging, sending and receiving virtual currency; Providing temporary use of non-downloadable computer software for use in accessing, reading, tracking, trading and using tokens via blockchain technology." So, anything blockchain-related, then.
The irony is strong: Coinbase, a corporation operating in a space where decentralization is one of key traits, is filing to trademark a misspelled word that was spontaneously imbued with meaning by the community. But such is the state of crypto nowadays: Confusing, slightly nutty, and definitely not very decentralized.
Regardless of how Coinbase ends up using the term, the application comes at an interesting moment for cryptocurrencies. With prices being at or very near this year's low point for Bitcoin, Ethereum and most major cryptocurrencies, HODLing hasn't been a very good strategy this year. Perhaps it's truly time for the entire space to stop worrying about getting rich quickly and to start BUIDLing blockchain-based projects people will actually use.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Featured Video For You
'Uber' co-founder Garrett Camp is creating a new cryptocurrency
TopicsBitcoinCryptocurrency
(责任编辑:新闻中心)
-
A Global Tour of Bakeries With Fascinating Histories
Baked goods may be infinitely varied across the globe, but many of them carry a powerful cultural re ...[详细] -
机械强农 赋智增效 | 广东加快推动特色经济作物产业机械化高质量发展_南方+_南方plus没有农业机械化,就没有农业现代化。9月26日,2023年广东省特色经济作物种植机械化技术培训班暨马铃薯生产机械 ...[详细]
-
村BA、烧番塔、运动会......肇庆这场丰收节“燃爆”金秋
村BA、烧番塔、运动会......肇庆这场丰收节“燃爆”金秋_南方+_南方plus各地特产展示、村BA篮球赛、趣味农民运动会、烧番塔……还有中国男篮前主教练杜锋亲临现场!9月26日,肇庆市鼎湖区沙浦镇 ...[详细] -
鍏ㄥ浗涓冩垚鐪佸尯甯傜尓鑲変环涓嬮檷 鐚簲鑺变环鏍奸檷骞呭眳鍓峗涓浗灞变笢缃慱闈掑矝
銆€銆€鎹柊鍗庣ぞ鍏ㄥ浗鍐滃壇浜у搧鍜屽啘璧勪环鏍艰鎯呯郴缁熺洃娴嬶紝涓庡墠涓€鏃ョ浉姣?涓嬪悓)锛?鏈?0鏃ワ紝鐚倝銆侀浮铔嬩环鏍间笅闄岥鐗涚緤鑲夈€佹按鏋滀环鏍间笂娑?钄彍浠锋牸浠ユ定涓轰 ...[详细] -
The Atlas is home to all things peculiar and bizarre. While sometimes it seems like we’ve seen ...[详细]
-
“背二哥,我们合影一张吧!”“为充满着独特魅力的背二哥点赞。”在2019年成都武侯祠大庙会上,来自雅安的“背二哥”朱恒彬吸引了众多游客的关注。合影拍照,介绍宣传雅安茶叶、茶马古道文化,成为朱恒彬每天要 ...[详细]
-
正月初一,在熊猫灯会外执勤的民兵正月初一,还没到晚上6点30分开灯时间,灯会外就站满了人,其中,80多岁的陈婆婆拄着拐杖,在子孙们的陪护下来此等候开灯,当五彩斑斓的彩灯亮起瞬间,陈婆婆直呼“真美,好漂 ...[详细]
-
随着互联网技术的不断发展,客户网络化需求不断多元化,为满足客户日益增长的金融服务需求,多家银行正持续加快科技创新和产品创新的步伐,并围绕互联网用户社交平台推出微信银行。上周五(1月3日),邮储银行同时 ...[详细]
-
South Korean lawmakers brace for US election as Harris, Trump diverge on North Korea
Democratic presidential nominee and US Vice President Kamala Harris waves from the stage on Day 4 of ...[详细] -
春节前夕,市创城办召集市发改委铁建办)、市综合行政执法局、市交警支队、市交建集团、雨城区文明办等部门单位)专题研究推进火车站秩序集中整治工作及城市管理问题,及时打击火车站乱停乱放、占道经营等违法违规行 ...[详细]