I agree and see the first point. So far so good.
I don't see the second point. Options for example do expire, and yeah you could try to sell an expired option that is no longer redeemable, but it's correct value is 0.
These hodlchain tokens to me should have an expiry, which means they are not liquid.
I might be wrong, but the value I think should remain stable over time, meaning:
- before: user has V sats
- during the lock: the user has V sats locked for duration T. Their value is less than V, let's call it V' (the market will figure this out, depending on context, time...). The hodlchain tokens given to the user should have a theoretical value of V - V'. The sum is the same as before.
- after the lock: the user has V sats, + some tokens. Should the user be strictly richer now compared to before? Idk man, I would say no. So to me the tokens should now be worth 0, meaning they expired.
This is different from lending V sats to someone, who will either forfeit or repay V + interest, because the interest offset the risk. I might be missing something
pip / Pip the WoT guy
npub176…7vgup
2026-05-22 15:04:50 UTC
in reply to nevent1q…f4pj
Author Public Key
npub176p7sup477k5738qhxx0hk2n0cty2k5je5uvalzvkvwmw4tltmeqw7vgupPublished at
2026-05-22 15:04:50 UTCEvent JSON
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"content": "I agree and see the first point. So far so good.\n\nI don't see the second point. Options for example do expire, and yeah you could try to sell an expired option that is no longer redeemable, but it's correct value is 0.\n\nThese hodlchain tokens to me should have an expiry, which means they are not liquid.\n\nI might be wrong, but the value I think should remain stable over time, meaning:\n\n- before: user has V sats\n\n- during the lock: the user has V sats locked for duration T. Their value is less than V, let's call it V' (the market will figure this out, depending on context, time...). The hodlchain tokens given to the user should have a theoretical value of V - V'. The sum is the same as before.\n\n- after the lock: the user has V sats, + some tokens. Should the user be strictly richer now compared to before? Idk man, I would say no. So to me the tokens should now be worth 0, meaning they expired.\n\nThis is different from lending V sats to someone, who will either forfeit or repay V + interest, because the interest offset the risk. I might be missing something \n\n",
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