A new (or better, semi-new) idea: 'hodlchain' : if people timelock their coins, they're sacrificing value. that can be used to permissionlessly mint coins on an "L2". Semi-new because this is exactly Somsen's old spacechains idea, except, I think it's way more interesting if you don't *have* to burn your bitcoin (though, you can) to get the value. The meat of this was trying to find the logical way to modulate how much L2 coin can be minted by e.g. locking your bitcoin up for 1 month. There's also a POC code referenced, but it's vibe-coded; fun to play with but just a very basic illustration.
I called it 'hodlchain' because it amusingly answers the question of whether hodling is using. You're provably removing selling pressure from other bitcoiners *and* getting additional value in spendable L2 tokens -without selling your btc! 😄
https://github.com/AdamISZ/hodlchain-paper/blob/master/hodlchainv1.pdf
waxwing
npub1va…knuu7
2026-05-21 19:10:30 UTC
Author Public Key
npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7Published at
2026-05-21 19:10:30 UTCEvent JSON
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"content": "A new (or better, semi-new) idea: 'hodlchain' : if people timelock their coins, they're sacrificing value. that can be used to permissionlessly mint coins on an \"L2\". Semi-new because this is exactly Somsen's old spacechains idea, except, I think it's way more interesting if you don't *have* to burn your bitcoin (though, you can) to get the value. The meat of this was trying to find the logical way to modulate how much L2 coin can be minted by e.g. locking your bitcoin up for 1 month. There's also a POC code referenced, but it's vibe-coded; fun to play with but just a very basic illustration.\n\nI called it 'hodlchain' because it amusingly answers the question of whether hodling is using. You're provably removing selling pressure from other bitcoiners *and* getting additional value in spendable L2 tokens -without selling your btc! 😄\n\nhttps://github.com/AdamISZ/hodlchain-paper/blob/master/hodlchainv1.pdf",
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