<![CDATA[Stories by Hodl Hodl on Medium]]> https://medium.com/@hodlhodl?source=rss-b1f3d322dadf------2 https://cdn-images-1.medium.com/fit/c/150/150/1*ex2FS9AU2AjuaysTZjiG3Q.png Stories by Hodl Hodl on Medium https://medium.com/@hodlhodl?source=rss-b1f3d322dadf------2 Medium Tue, 07 Apr 2026 02:18:57 GMT <![CDATA[Most common support requests on Lend at Hodl Hodl]]> https://medium.com/hodl-hodl/most-common-support-requests-on-lend-at-hodl-hodl-9ca7615ed0c1?source=rss-b1f3d322dadf------2 https://medium.com/p/9ca7615ed0c1 Thu, 17 Oct 2024 11:40:19 GMT 2024-10-17T11:40:19.157Z

Overview

Lend by Hodl Hodl is a peer-to-peer (P2P) lending platform that enables users to offer or accept loans without the need for bureaucratic processes. There is no requirement to provide personal or financial information, nor to complete Know Your Customer (KYC) procedures.

The loans are over-collateralised with Bitcoin, eliminating the need for additional data. The collateral is held in a multi-signature Bitcoin address generated by the platform for the specific contract only, preventing its use for any other purpose. This address is secured by three keys: one held by the lender, one by the borrower, and a third held by the platform for the sole purpose of dispute resolution. This means that the participants of the contract always retain partial custody of the warranty avoiding any chance of re-hypotecation.

The collateral will remain in the multisig escrow until the contract matures. Upon completion of the repayment, the borrower shall refund the collateral (BTC). In the event of a failure to repay the loan in a timely and proper manner, the contract will be liquidated and the lender will be paid from the collateral (a liquidation fee will be applied to the borrower).

If you would like to calculate the collateral amount required for your contract, you can use our collateral calculator here.

The importance of 2FA for securing contracts

The second factor of authentication is an essential component in ensuring the security of loan contracts, and must be treated with the rigor it deserves.

Two-factor authentication codes are known only to the user. We are unable to access these codes and therefore unable to assist with recovering them. It is therefore essential that the backup codes generated during the two-factor authentication setup process are stored properly when setting up the account. The back up codes are six alphanumeric strings, each comprising 16 characters, for instance: 813536bdeb3421dc.

In the event that you lose access to your two-factor authentication (2FA) app (Google Authenticator, Authy, etc.), you will be prompted to enter one of your 2FA codes when logging into your Hodl Hodl account. At this moment, you may enter one of six backup codes. Please note that the codes are for one-time use only and cannot be reused. If you have not yet backed up the codes, we strongly advise that you disable 2FA from the platform and re-enable it, ensuring that you save your 2FA backup codes.

Lending and borrowing Liquid assets.

Our P2P lending platform offers a wide range of assets for lending and borrowing, with USDT over the Liquid blockchain being particularly popular. As you may be aware, a key feature of the Liquid blockchain is the ability to provide confidential transactions, which prevents users from seeing the amounts transferred on each movement. While this is an effective tool for privacy, it also hinders the ability of lending contracts to automatically validate the amounts sent into them. To address this, it is essential to use Liquid wallets that enable users to obtain un-confidential (un-blinded) transaction IDs, which can then be uploaded to Lend contracts for automatic verification.

At present, we can recommend the use of Blockstream’s Green wallet and the SideSwap wallet.

If your wallet does not provide non-confidential transaction links, you will need to contact our support team to manually verify payment or repayment transactions by emailing supportlend@hodlhodl.com

Risks and precautionary measures

If you are acting as the lender, please do not release the loan to the borrower until you are certain that the collateral is in escrow. Otherwise, the loan will not be secured and there will be no guarantee of repayment.
To ensure a successful loan, whether as a lender or borrower, it is essential to adhere to the instructions set out in the platform’s guidance at each stage of the contract.

In the event of a dispute, both parties are encouraged to engage in a constructive dialogue to find a mutually acceptable resolution.
Once a dispute has been initiated, a support manager will conduct a thorough review and provide guidance on the best course of action to resolve the matter.

Should you have any queries or require further information, please do not hesitate to contact us.

Reach us:

HODL!

Most common support requests on Lend at Hodl Hodl was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[Most common support requests 2]]> https://medium.com/hodl-hodl/most-common-support-requests-2-6e0581d49cf8?source=rss-b1f3d322dadf------2 https://medium.com/p/6e0581d49cf8 Tue, 01 Oct 2024 16:44:35 GMT 2024-10-01T17:21:18.346Z

In our previous post, we began addressing the most frequently asked questions from our users. Here, we continue to break down some of the top support requests we receive.

Payment window expiration

There’s a widespread misconception that when the payment window expires, the contract will be automatically cancelled, which is not the case. We have also seen many sellers believing that if the payment window closes their BTC in escrow will be automatically released to the buyer.

In reality if the contract has not been completed within the payment window, it is possible to cancel the contract, or start a dispute. In any case it’s important to note — no automatic cancellations or refunds happen on their own.

Refund/release transaction addresses

Another common misunderstanding is that refunds from escrow will automatically return to the address used to fund the escrow. It’s crucial to understand that refunds or release transactions are sent to the address set in your Dashboard/Settings.

No access to Bitcoin wallet

Some users set up their BTC address when they first register on the platform and then forget about it. Fast forward a few months, and they might come back to trade, unaware that they no longer have access to the BTC address listed in their settings. If this happens and a refund or release is processed, the funds could end up in a wallet you no longer control, leading to loss of funds.

A quick guide to managing 2FA codes

Two-factor authentication has become a standard security measure for digital accounts. We have recently implemented its use across all our platforms and services.

2FA codes are known only to the user. Due to the security measures in place, we are unable to access these codes and therefore unable to assist with recovering them. It is therefore crucial to retain the backup codes generated during the two-factor authentication setup process when setting up the account. These are six alphanumeric codes of 16 characters each. The code should look like this: 813536bdeb3421dc.

In the event that you lose access to your 2FA app (Google Authenticator, Authy, etc.), when logging into your Hodl Hodl account, you will be prompted to enter your 2FA code. At this point, you can enter one of six backup codes. Please be advised that the codes are one-time use only and cannot be reused. If you have not yet backed up the codes, we strongly recommend that you disable 2FA from the platform and enable it again, this time ensuring that you save your 2FA backup codes.

Watch out for triangulation attempts

You could be a victim of a triangulation attack, where the scammer pretends to buy BTC from you while simultaneously selling a product to someone else at a very low price for a quick sale. The scammer provides your bank account details to the buyer of their product, making you believe the money you receive is payment for your BTC. As a result, you release the BTC to the scammer. However, the buyer of the product never receives what they paid for, and they contact you because their payment was sent to your account. For this reason, we strongly advise users selling BTC to ONLY accept payments directly from the buyer’s account.

Most common support requests 2 was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[Hodl Hodl Redesign]]> https://medium.com/hodl-hodl/hodl-hodl-redesign-75db464b4850?source=rss-b1f3d322dadf------2 https://medium.com/p/75db464b4850 Tue, 17 Sep 2024 13:59:08 GMT 2024-09-17T14:07:11.420Z A New Look Rooted in Cypherpunk Movement and Bitcoin Ethos

While we might have seemed a bit quiet lately, we’ve actually been hard at work behind the scenes on something big. Hodl Hodl is back with a brand-new redesign — complete with a fresh logo and visuals that reflect everything we stand for: peer-to-peer (P2P) trading, self-custody, and decentralization.

A Cypherpunk-Inspired Revamp

Our new design is inspired by the cypherpunk movement — the OGs who championed privacy and personal freedom through tech long before Bitcoin existed. The revamped logo is clean, bold, and minimal, representing the decentralized, trustless network that Bitcoin and Hodl Hodl are all about.

Core Values in Every Element

This redesign isn’t just about looking good. Every change reinforces the values we’ve always held dear:

  • Peer-to-Peer: No middlemen, no nonsense. You trade directly with others, just like Bitcoin was meant to be.
  • Self-Custody: “Not your keys, not your coins” is still our mantra. You’re in control of your assets — always.
  • Decentralization: By using multi-signature escrow and P2P trading, we keep things decentralized, without any central authority calling the shots.

What’s Next?

With this new look, we’re doubling down on our commitment to privacy, freedom, and financial independence. The redesign is just the beginning — we’re here to keep pushing forward, staying true to the principles that made Bitcoin what it is.

Reach us

HODL!

Hodl Hodl Redesign was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[How fast can you buy bitcoin P2P?]]> https://hodlhodl.medium.com/how-fast-can-you-buy-bitcoin-p2p-cbdeb413d1ae?source=rss-b1f3d322dadf------2 https://medium.com/p/cbdeb413d1ae Thu, 12 Sep 2024 15:11:27 GMT 2024-09-12T15:15:28.900Z How fast can you buy Bitcoin P2P?

Due to volatility in the market, fast bitcoin purchase becomes an important feature for investors who want to deploy extra capital in case of a sudden drop in price. In this article we are going to look at how fast it is possible to complete a trade on Hodl Hodl bitcoin trading platform.

One of the main advantages of buying bitcoin on Hodl Hodl is that when you are accepting the contract on our p2p bitcoin exchange, the price is automatically fixed. It means that you are still able to buy the price dip, even if it takes time for bitcoin transaction or bank transfer to confirm. On the contrary, when you are making a bank transfer to a centralized exchange, you might lose the chance to buy bitcoin cheaper, if the price bounces back up while the bank processes your transaction and exchange credits it to your account. In addition centralized exchanges tend to have outages when demand spikes, making it difficult to estimate the time to receive bitcoin in self custody.

Using publicly available data it is possible to check the average release time of bitcoin from the escrow on Hodl Hodl. For more correct data we looked at users with minimum of 50 trades and we can see that release time varies from 2 to 1643 minutes. It is essential to understand that payment methods, bank holidays, number of bitcoin confirmations required and of course contracts that end up in disputes all play a role in the average numbers.

We can also look at the contract flow and make an estimated prediction:

Accept a contract with a counterparty who is online (<1 minute)

Seller makes a bitcoin deposit (≈10 minutes)

Instant payment method (<1 minute)

Bitcoin released from escrow (≈10 minutes)

Given that you choose a counterparty who is online, both of you are willing to pay immediate fee for a bitcoin transfer and you are using instant payment methods, it is possible to purchase bitcoin in about 21 minute. Moreover, Hodl Hodl is working on integrating lightning network, which will significantly increase the speed of contract completion.

Reach us

HODL!

]]> <![CDATA[Why to buy Bitcoin P2P?]]> https://medium.com/hodl-hodl/why-to-buy-bitcoin-p2p-eca0b526cf16?source=rss-b1f3d322dadf------2 https://medium.com/p/eca0b526cf16 Tue, 09 Jul 2024 11:15:25 GMT 2024-07-09T11:17:14.256Z Why to buy bitcoin P2P?

In the first part of this article we will cover the problems of centralized crypto exchanges such as: storing of personal information, custody of funds, facilitation of gambling and fractional reserve. In the second part we will explain how P2P solves them.

KYC

KYC or know your customer requirements pose a real danger to the users. Imagine if your home address and the amount of bitcoin you have purchased over the years becomes public information. Criminals can quite literally knock on your door and physically force you to give up your bitcoin aka $5 wrench attack.

There were plenty of information leaks from a variety of different service providers, some of them ended up with text files containing personal details (email, phone number, home address) freely circulating in public chats. So this threat is not a hypothetical, but a real one.

Custody of funds

As we say in bitcoin: Not your keys not your coins. It means that if you transfer your bitcoin to a third party it’s no longer yours. And if the company goes bankrupt or gets hacked, in most cases you won’t see your money again.

Since you give up the ownership of your funds, exchanges can prevent withdrawals for any reason they see valid. Some exchanges for example can flag your account for using privacy preserving techniques, others may require additional information about you or a receiver of funds before you can make a transfer.

Facilitation of gambling

Crypto exchanges are getting paid to offer tokens that are pretty much designed to rug pull investors. They don’t really mind if people are gaining or losing money, as long as they are taking home cold hard cash via commission.

There are also options of leverage trading that are promising bigger profits, but bitcoin is very volatile so usually it just ends up destroying traders.

Fractional reserve

When you are buying bitcoin on centralized exchanges what you are receiving might just be a number on the screen not backed by the real asset, which was learned the hard way by 1 million users of FTX. It used to be the 3’d largest exchange and when it filed for bankruptcy about $1.7 billion of customer funds were missing.

Pretty dark picture, but have no fear, P2P is here!

What are the benefits of buying bitcoin P2P? On Hodl Hodl deals are private, self custodial, secure, censorship resistant, you can create deals on your own terms, they are transparent as well as they offer an opportunity for arbitrage trading.

Privacy

Bitcoin trading platform Hod Hodl doesn’t collect private data of users. Registration is a very easy process where you provide an email address, click on a confirmation link and you are good to go. Buying bitcoin is possible with gift cards or even in person with cash.

Self-custody

At no point in time Hodl Hodl takes custody of user’s funds. There is also no in-built wallet, so users must use their own wallets to interact with each other.

Hodl Hodl ensures every trader’s safety by providing unique multisig escrow for every contract created. During the trade, bitcoin remains locked in the multisig escrow (P2SH) address on the blockchain. In order to release the Bitcoin from escrow, two (out of three) keys are needed — one belongs to the seller, one belongs to the buyer, and the other belongs to Hodl Hodl.

Censorship resistance

In countries that are hostile to bitcoin, P2P provides the way around the tyrannical restrictions. Essentially it might be the only way for an individual to complete a bitcoin trade.

Your own terms

It is possible to sell bitcoin over the market price and sometimes find offers to buy below the market price using your preferred payment methods. Users can also submit payment methods for a review if they are not listed.

Transparency

Both parties can independently verify the amount of bitcoin locked in the escrow. It can be done by using freely available blockchain explorers or by using your own bitcoin full node. What it means is that you don’t have to trust your counterparty, instead you can verify the legitimacy of the deal yourself.

In addition Hodl Hodl is very clear about the fee structure and is automatically breaking it down for the users to see.

Arbitrage opportunities

Arbitrage opportunities can appear because of a bitcoin discount on centralized exchanges, also between different payment methods and different currencies there might be a price difference. So it is possible to utilize P2P exchanges to earn.

In conclusion, if you remember anything from this article it’s that: KYC is an activity that puts users in danger. By sending your bitcoin to a centralized exchange you lose the ownership of it. Gambling with the best money the world has ever seen is a suboptimal idea.

Reach us

HODL!

Why to buy Bitcoin P2P? was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[Decentralized nature of Lend at Hodl Hodl]]> https://medium.com/hodl-hodl/decentralized-nature-of-lend-at-hodl-hodl-1e9e15b4e036?source=rss-b1f3d322dadf------2 https://medium.com/p/1e9e15b4e036 Thu, 27 Jun 2024 11:50:39 GMT 2024-06-27T11:50:39.416Z

In this article we will discuss the aspects of decentralization on Lend at Hodl Hodl. First of all decentralization refers to the redistribution of decision-making away from a central authority and following the ethos of Bitcoin we try to keep our services as decentralized as possible. Here are the main features of our platform:

Non-custodial

At no point Lend at Hodl Hodl can take possession of user’s funds. Bitcoin collateral is safely kept in the escrow address where two private keys out of three are needed to move the funds. We have only one key while the other two are kept by the borrower and the lender.

This essential feature separates us from the most lending services in the space. Rehypothecation of funds is carrying inherent risk and the market has already seen the consequences of that with a few companies that went bankrupt.

Custom

Lend at Hodl Hodl allows lenders and borrowers to create offers with their preferred interest rates, duration, and loan-to-value ratios.

By providing all necessary tools for lenders and borrowers to meet, we facilitate free market rate formation. It is extremely exciting case study that we can witness, when no central banks or other authorities are setting artificial interest rates. Pure market dynamics is showing what is the price of credit at any given moment.

Pseudonymous

To register you need to sign up with an email address, follow the confirmation link and that’s it. Now you can engage in contracts right away! Excessive collection of personal information inevitably leads to degradation of privacy and is putting users at risk of not only digital crime but also physical attacks.

Because there are no background, or credit history cheks, Lend at Hodl Hodl facilitates fare and inclusive access to lending market. While on the side of legacy finance we have a banking sector that is discriminating people based on the documents they can provide, their backgrounds and age.

No single point of failure

In an unlikely event of Lend at Hodl Hodl website not being accessible, there is a tool available to create, sign and broadcast a refund transaction from the escrow without our interface.

Doomsday software also know as the Escrow extraction tool is an important step towards mitigating the risk of single point of failure, in this case it being our website. We recommend both contract parties to exchange contacts outside of our platform and save all necessary information about the contract, so that they are able to extract bitcoin from the escrow without an involvement from our side, if it is ever to be needed.

Transparent

Both parties can independently verify the amount of bitcoin locked in the escrow, as it is recorded on a public ledger, ensuring transparency and immutability. Checking the collateral amount can be done by using freely available blockchain explorers or with your own Bitcoin full node. This transparency builds trust among participants as they can verify transactions independently.

In addition Lend at Hodl Hodl is very clear about the fee structure and is automatically breaking it down for the users to see.

Globally Accessible

Offers are accessible to anyone, regardless of their geographical location. This opens up lending and borrowing opportunities to individuals who may not have access to traditional financial services.

Censorship Resistant

Lend at Hodl Hodl is resistant to censorship and government interference since it operates on decentralized network. This ensures that individuals can access lending and borrowing services without fear of censorship or arbitrary restrictions.

Resilient to Systemic Risks

P2P lending is less susceptible to systemic risks such as bank failures or economic crises since it does not rely on centralized institutions. This resilience provides stability in unpredictable economic conditions. Moreover, all loans are over-collaterlaized, meaning that there is no fractional reserve practices taking place.

Reach us

HODL!

Decentralized nature of Lend at Hodl Hodl was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[Solicitudes de soporte más frecuentes]]> https://medium.com/hodl-hodl-en-espa%C3%B1ol/solicitudes-de-soporte-m%C3%A1s-frecuentes-f86396b289db?source=rss-b1f3d322dadf------2 https://medium.com/p/f86396b289db Tue, 04 Jun 2024 17:55:20 GMT 2024-06-04T17:55:20.716Z

El equipo de soporte de Hodl Hodl se asegura de que la experiencia de usuario en nuestra plataforma de intercambio p2p sea lo más fluida posible. Apreciamos la comunicación con nuestros clientes porque nos ayuda a mejorar la plataforma comercial en función de las necesidades reales. El equipo de soporte ha notado una cantidad de correos electrónicos que son de naturaleza similar, por lo que aquí intentaremos abordar las consultas más frecuentes.

Disputas

Algunos de nuestros usuarios inician disputas pensando que la contraparte está tratando de engañarlos de alguna manera al retrasar los pagos, cuando en realidad la culpa es del sistema financiero tradicional.
Algunos procesadores de pagos y algunos bancos retrasan las transacciones para realizar “verificaciones” de identidad en los casos en los cuales las transacciones superan los U$D 1000 o incluso menos, según el perfil y los límites del usuario. También realizan un KYC más profundo cuando se envía una cantidad relativamente “alta” a un nuevo contacto al que nunca se le ha transferido dinero hasta el momento desde esa cuenta.

También podría haber retrasos durante los días festivos nacionales específicos de un determinado país, fines de semana, tiempo de inactividad debido al mantenimiento de la infraestructura, etc.
Las razones del retraso en las transferencias son muchas.

Recomendamos a los usuarios comunicarse cortésmente en el chat y preguntar sobre los motivos del retraso. Si de hecho hay un feriado o un retraso por verificación de identidad, trabajo de mantenimiento, etc, espere más tiempo hasta que el procesador de pagos realice correctamente La transacción y recuerde que los BTC permanecen bloqueados de forma segura en el depósito de garantía y ninguna de las partes puede acceder a ellos.

Contraseñas de pago perdidas

La contraseña de pago se utiliza para cifrar las claves necesarias para generar y acceder al depósito de garantía. Es esencial comprender que si pierdes u olvidas tu contraseña de pago, NO HABRÁ FORMA de restaurarla y podrías perder permanentemente el acceso a tus fondos.

Se recomienda crear y almacenar tu Contraseña de Pago utilizando una herramienta de administración de contraseñas. Alternativamente, puedes escribirlo en una hoja de papel y guardarlo en un lugar seguro y nunca compartirlo con nadie.
!Trata a la Contraseña de Pago como si fuera una semilla de Bitcoin!

Para obtener más información sobre contraseñas de pago, visita esta página.

Tarifa de transacción de liberación

Al recibir BTC desde depósito de garantía, la tarifa pagada a los mineros es la establecida por el usuario. Hodl Hodl monitorea las tarifas de la red y selecciona la que se basa en las preferencias del cliente.

Para establecer la tarifa para la transacción de liberación, navega hasta el “Tablero”, luego ve a la pestaña “Ajustes” y desplázate hacia abajo hasta la sección “Otras ajustes”, donde encontrarás las opciones para “Tipo de tarifa de transacción”. Puede elegir Bajo, Medio, Alto o Personalizado, dependiendo de qué tan rápido desees que la red confirme la transacción de liberación hacia tu cartera.

Hemos creado un video tutorial para guiarte a través de los pasos necesarios para establecer esta configuración.

Contrato cancelado automáticamente

Cuando un usuario envía una cantidad incorrecta de BTC a la direccion de depósito en garantía, el contrato se cancela automáticamente y se le presenta al usuario el botón para solicitar un reembolso. En la mayoría de los casos, el monto enviado incorrectamente se debe a que los intercambios (Exchanges) restan la tarifa de transferencia del monto a enviar. Alentamos a nuestros usuarios a prestar mucha atención al monto final enviado para evitar cancelaciones innecesarias.

Transferencia de fondos antes del depósito de bitcoins

Algunos usuarios malintencionados solicitan el pago en el chat antes de enviar los BTC a la dirección de depósito en garantía. NUNCA debes pagar antes de que la transacción Bitcoin hacia el depósito en garantía reciba la cantidad requerida de confirmaciones. Tampoco pagues más del monto que se muestra en los detalles del contrato.

Ante cualquier duda, contáctanos:

HODL!

Solicitudes de soporte más frecuentes was originally published in Hodl Hodl en Español on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[Most common support requests]]> https://medium.com/hodl-hodl/most-common-support-requests-a6474c0d94a1?source=rss-b1f3d322dadf------2 https://medium.com/p/a6474c0d94a1 Tue, 04 Jun 2024 11:35:29 GMT 2024-06-04T11:35:29.084Z

Hodl Hodl support team is making sure that P2P bitcoin trading experience of our users is as smooth as possible. We appreciate the communication with our customers because it helps us to improve the trading platform based on the actual needs. Support team has noticed a number of emails that are similar in nature, so here we will try to address the most common topics.

Disputes

Some of our users are starting disputes thinking that the counterparty is trying to cheat, when in reality the fault lies with the legacy financial system. Some payment processors and banks delay transactions to perform identity “verifications” when transactions exceed $1000 or even less, depending on the user profile and limits. They also make more in depth KYC when a relative “high” amount is sent to a new contact.

There could also be delays during national holidays specific to a certain country, weekends, downtime due to infrastructure maintenance, etc.
The reasons for the delayed transfers are many.

We encourage users to politely communicate in the chat and ask about the reasons for the delay. If in fact there is a holiday or a maintenance work allow for more time until the transaction will get settled and remember that bitcoin is safely locked in the escrow and no single party can get access to it.

Lost Payment Passwords

The payment password is used to encrypt the keys that are required to generate and access escrow. It is essential to understand that if you lose or forget your payment password, there will be NO WAY to restore it and you could permanently lose access to your funds.

It is advised to create and store your password using password manager tool. Alternatively you could write it down on a piece of paper to be kept in a safe place and never to be shared with anyone.

For more information on payment passwords visit this page.

Release Transaction Fee

When receiving bitcoin from the escrow, the fee paid to the miners is the one set by the user. Hodl Hodl is monitoring the network fees and selects the one based on the customer preferences.

In order to set the fee for the release transaction navigate to the “Dashboard”, then switch to the “Settings” tab and scroll down to the “Other settings” section, where you will find the options for “Type of transaction fee”. You can choose Low, Medium, High, or Custom, depending on how fast you want the network to confirm the release transaction to your wallet.

We have created a video tutorial that guides you through the steps.

Contract Automatically Cancelled

When a users sends the wrong amount of bitcoin to the escrow adreses, contract is automatically cancelled and a user is presented with the button for a refund. In most cases the wrong amount sent is due to exchanges subtracting the transfer fee from the sent amount.

We encourage our users to pay close attention to the final amount being sent in order to avoid unnecessary cancellation.

Fund transfer before bitcoin deposit

Some users are requesting the fiat payment in the chat without actually transferring bitcoin. You should NEVER send any funds before bitcoin transaction receives a required amount of confirmations. Also do not pay more than the amount shown in the contract details.

Reach us

HODL!

Most common support requests was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[Effective immediately, Hodl Hodl has blocked access to its lending platform for users in the USA.]]> https://medium.com/hodl-hodl/effective-immediately-hodl-hodl-has-blocked-access-to-its-lending-platform-for-users-in-the-usa-11c294369850?source=rss-b1f3d322dadf------2 https://medium.com/p/11c294369850 Thu, 23 May 2024 11:23:05 GMT 2024-05-23T11:23:56.984Z

After careful consideration, we have decided to implement a stricter policy on allowed countries for our services. As part of this change, our lending platform, Lend at Hodl Hodl, will be blocked for users from the USA and several other countries. Please refer to our updated Terms of Service for the full list of restricted countries.

We want to reiterate that the Hodl Hodl platform has never served customers in the USA. This decision is part of our ongoing commitment to adapt to regulatory uncertainty and ensure the highest standards of security and integrity for our platform and users. Existing users of Lend at Hodl Hodl can finalize their current loans but will not be able to engage in new ones starting today.

Meanwhile, Hodl Hodl will continue to focus on serving our global community with the highest standards, particularly prioritizing users in emerging markets.

We encourage all users to review the latest version of our Terms of Service (ToS) to see the list of allowed countries.

Thank you for your understanding and continued support. For any inquiries, please contact us at support@hodlhodl.com.

Effective immediately, Hodl Hodl has blocked access to its lending platform for users in the USA. was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

]]> <![CDATA[Bitcoin and world peace]]> https://medium.com/hodl-hodl/bitcoin-and-world-peace-1d60484f8c28?source=rss-b1f3d322dadf------2 https://medium.com/p/1d60484f8c28 Tue, 14 May 2024 14:17:22 GMT 2024-08-10T12:27:36.884Z

World peace refers to a state where all nations coexist without armed conflicts. Achieving this goal obviously requires individuals to experience tranquility, as disturbed mind often leads to violence.

Another important point to consider is that prosperity will contributes to more peace when combined with holistic education and redistribution of wealth. Economist Edward Peter Stringham found a negative correlation between homicide rates and economic freedom, which suggests that Bitcoin’s inclusive nature will enhance well-being of individuals, as it allows for more people to join financial markets and helps them to improve their level of comfort.

So let us look at how Bitcoin can bring about the change. First of all it is crucial to understand that global sound money will reduce the size and the power of governments. That will result in:

Less propaganda

Educational system in most countries is a machine of indoctrination and is aimed at raising obedient workers. Implementing a holistic approach towards education offers the promise of a new era in arts and philosophy. This transformation will cultivate individuals with heightened sensitivity and nuance, contributing to a more enlightened and empathetic society.

Elevating human awareness beyond nationalistic ideologies is essential in creating a shared vision of a unified human race. The shift towards a deeper understanding of the commonalities between individuals diminishes the inclination to engage in hostile actions against other people.

No involuntary taxation

Involuntary taxation is extortion and Bitcoin provides means to transform this into consensual contributions for specific causes, ensuring transparency and verifiable results. Keeping in mind that monetary inflation is a form of taxation, the direct correlation between human prosperity and the absence of taxation becomes evident.

Moreover, without forced taxation the funding of military–industrial complex become more challenging, reducing the strain on limited resources.

Less bureaucracy

Politicians are put in a privileged position where they can legally extract wealth from citizens by the means of taxation and coercion. Reduction in government size leads to more human resources available for economic growth and technological advancements. It is clear that together with AI, Bitcoin contributes to reduction of bureaucratic apparatus and is freeing more hands to work on, for example, corn fields, which will lead to more prosperity.

It’s worth noting that Bitcoin is a permissionless network. The prospect of financial inclusion without the bureaucratic hurdles is truly transformative and has the potential to alleviate significant hardships. Thanks to technological progress, even individuals with old feature phones can now engage with Bitcoin.

More innovation

Without overbearing regulations, innovation and entrepreneurship can thrive. Reducing barriers to entry for new players and easing burdensome requirements on existing companies is a step towards prosperity and hence more peace.

Geographical arbitrage

Bitcoin enables easy wealth relocation, allowing people to move to more favorable locations amid changing political landscapes. As the popularity of online work grows and nomadic lifestyles become more commonplace, localities will compete against each other by providing better services and less restrictions.

Free market

Unrestricted markets, coupled with a unified currency, promote the smooth exchange of goods and services, mitigating distortions in price signals and removing the need for exchange rate calculations in international business. This reduction in signal distortion aids long-term planning and encourages peaceful cooperation between nations.

The freedom for consensual exchange among individuals can lead to the legalization of prohibited substances. This, in turn, has the potential to diminish organized crime and violence, as the removal of the price premium reduces incentives for harmful activities.

Reduced coercion

When stored securely, bitcoin becomes resistant to government seizure and theft. If someone obtains bitcoin in a peer to peer manner and handles it anonymously, it’s close to impossible to even know that an individual owns any bitcoin in the first place. This dynamic shifts the balance, making traditional governmental methods of extortion obsolete. Individuals gain significant power to resist immoral actions of the government, while maintaining the ability to conduct financial transactions.

Bitcoin presents a challenge for governments and other criminal organizations seeking to employ violence against individuals, as the expected results are likely to fall short of their anticipations, hence bringing more peaceful ways of conflict resolution.

Collaborative international efforts

A future scenario may emerge where internationally supported companies are established with the specific mission of safeguarding the Earth against external threats such as meteors and solar flares. These entities could serve as global initiatives, pooling resources and expertise to address potential existential risks to our planet.

Another benefit of Bitcoin is a reduction of the power of central banks, yielding various outcomes:

No manipulation of price of credit

According to the Austrian business cycle theory, central banks by implementing artificially low interest rates and facilitating fractional reserve banking contribute to malinvestment, ultimately leading to economic recessions. Bitcoin holds the potential to mitigate or even bring an end to the traditional boom and bust cycles, offering a more stable economic foundation.

No bailouts

The reduction in central bank power implies a decreased likelihood of bailouts. This shift discourages reckless corporate behavior and prevents the artificial preservation of inefficient companies. Moreover, the practice of providing monetary handouts to corporations contributes to the Cantillon Effect. This phenomenon ensures that those receiving government handouts first gain the most benefits, as they can enjoy the advantages before the general increase in prices. Without an endless money printer, those type of actions are becoming incredibly costly, bringing back free market competition, that is essential for economic development.

No currency debasement

As mentioned before, inflation is a form of taxation and even with a seemingly modest rate of 3% annually, it results in a significant erosion of purchasing power, amounting to a 25% loss over a decade. It means that you can buy one quarter less things after just ten years. Without a constant erosion of money, individuals can avoid the need to constantly make investment decisions, as their money becomes a reliable store of value. Instead they can shift their focus towards a proper understanding of self-custody and understanding the threats associated with online crime. By comprehending these concerns, individuals can confidently preserve the value of their currency over time. Maintaining a stable store of value becomes the foundation for effective long-term planning, cultivating a sense of peace, and promoting low time preference.

As more individuals adopt better tools for saving, a cascade of positive effects unfolds. Increased free time becomes available, potentially leading to greater investment in one’s healthcare, both mental and physical. The newfound financial security allows for the pursuit of spirituality without fear of instability. This financial flexibility also offers an escape from the traditional nine-to-five rat race, enabling people to relocate to self-sufficient rural locations. This shift contributes to reduction of city density and enhances overall well-being of individuals. Moreover, as we reach a certain level of comfort, there is a noticeable inclination towards helping others and sharing resources through charity work.

Finally, bitcoin mining can enhance the resilience of the electrical grid by incorporating demand response mechanisms, as miners have the ability to swiftly curtail significant electric loads. In addition, by subsidizing the renewable sources of electricity and utilizing flare gases, bitcoin mining reduces the carbon footprint of other industries.

In essence, the “number go up” technology of Bitcoin alone may not be a direct path to a peaceful world. However, when harmonized with a proper education, a spiritual and philosophical awakenings, and the use of tools for self-custody and privacy, Bitcoin is a potent instrument that significantly contributes towards world peace.

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Bitcoin and world peace was originally published in Hodl Hodl on Medium, where people are continuing the conversation by highlighting and responding to this story.

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