This simple exercise costs little, perhaps a few transaction fees, yet proves possession and strengthens network consensus. Companies and exchanges must prove their trustworthiness and consensus. Many HODLers have extensive war experience with BIP148, UASF, NO2X, etc.
You can consider Proof of Keys a combat readiness drill. Hopefully, it will help prevent further annoying skirmishes with those who despise individuals empowered with monetary sovereignty.
- HODLers risk nothing.
- HODLers do not trust.
- HODLers verify.
- HODLers are in control and can prove it on the blockchain.
You think you own bitcoins?
Then join the HODLers of Last Resort and PROVE IT!
Remember, remember the 3rd of January! Please help spread the word.
Then on the 4th of January there can be a return to business as usual with renewed confidence based on proof of keys.
In assessing the soundness of their [trusted third parties], [HODLers] must therefore apply a stress test to all participants in the chain, and must contemplate a catastrophe loss occurring during a very unfavorable economic environment. After all, you only find out who is swimming naked when the tide goes out. [HODLers of Last Resort] retain our risks and depend on no one. And whatever the world's problems, [HODLer's of Last Resort transactions will confirm].