Oddbean new post about login | logout Diamond hands: Mt. Gox creditors HODL Bitcoin despite 10-year wait Mt. Gox was once a dominant cryptocurrency exchange, but a devastating security breach caused it to collapse and left approximately 127,000 creditors waiting to recover their funds. https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1720176441659-YAKIHONNES3.jpg
The decision to hold onto Bitcoin rather than opting for fiat currency payouts and resisting attempts from various entities to acquire their claims suggests that these creditors have a long-term hodler mentality . This mentality aligns with the broader Bitcoin community's strategy of holding onto BTC through price fluctuations and volatility, commonly known as "hodling".
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