The following is a post that imho deserves its own topic, as otherwise it would vanish under
The way the holders have the balls to hold is that they understand what is happening. The world is switching over to secure digital asset ledgers. They are simply unquestionably superior. Since they've already cashed out enough fiat currency to meet their daily needs, the only thing they care about is increasing their share in that asset register.
If you want be able to hold on to your coins, deeper research and thought about the system in the grand sweep of things is essential. Here are some links for deep Bitcoin scholarship:
Money as Memory
http://www.minneapolisfed.org/research/sr/sr218.pdfhttp://www.reddit.com/r/Bitcoin/comments/1fw3m5/bitcoin_is_memory/https://bitcointalk.org/index.php?topic=232137.0http://libertyhq.freeforums.org/fed-economist-predicts-bitcoin-will-end-the-fed-t938-20.htmlhttps://bitcointalk.org/index.php?topic=230416.msg2450191#msg2450191http://archive.freecapitalists.org/forums/t/31743.aspxNatural Order
I, Pencil video:
http://www.youtube.com/watch?v=IYO3tOqDISEI, Pencil essay:
http://en.wikisource.org/wiki/I,_Pencilhttp://mises.org/journals/scholar/hasnas.pdfhttp://faculty.msb.edu/hasnasj/GTWebsite/TIL.PDFhttp://archive.freecapitalists.org/forums/t/8889.aspxhttp://archive.freecapitalists.org//forums/t/18619.aspxGoogle "FA Hayek, The Fatal Conceit" (book, available in PDF)
Panarchy
Balaji Srinivasan, Silicon Valley's Ultimate Exit:
http://www.youtube.com/watch?v=cOubCHLXT6A&t=1m0shttp://athousandnations.com/2009/10/20/towards-youtopia-are-all-public-good-providers-earthbound/http://www.panarchy.org/knott/bitcoin.htmlNullification: A Libertarian Gallop through American History
Economics
Google "Economics in One Lesson" (book, available in PDF)
http://mises.org/Books/humanaction.pdf (PDF)
Applying Economics to American History:
http://www.youtube.com/watch?v=m-LJ3wZjD4ITrade is Made of Win
Trade is Made of Win, Part 2
Also look into the revolutionary nature of:
- P2P
- Open Source
- Cryptography
(^ need links here, anyone feel free to add to this list and distribute)
Summaries
http://evoorhees.blogspot.ch/2013/05/bitcoin-2013-role-of-bitcoin-as-money.htmlhttp://konradsgraf.squarespace.com/storage/On%20the%20Origins%20of%20Bitcoin%20Graf%2023.10.13.pdfhttp://archive.freecapitalists.org/forums/p/32931/512864.aspxhttps://bitcointalk.org/index.php?topic=230416.msg2450191#msg2450191Future Applications
Mike Hearn's 2012 talk:
http://www.youtube.com/watch?v=mD4L7xDNCmA