Why Bitcoin Is Called Honey Badger

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If Bitcoin would be any animal, it would be the honey badger. The honey badger is notorious for its strength, resilience and toughness. A honey badger having a bad day has been known to aggressively intimidate lions and hyenas. Bee stings, snake bites and porcupine quills rarely penetrate a honey badger’s skin.

Roger Ver, an early promoter in the Bitcoin world, paid $1,500 a month to have a billboard brandishing a honey badger Bitcoin ad along Santa Clara’s Lawrence Expressway with the words “The Honey Badger of Money.”

But what the hell do honey badger tendencies have to do with bitcoin, digital money stored on the internet?

In the early years of Bitcoin, some miners attempted to attack and take over the Bitcoin blockchain network with a 51% hash attack to no avail. Governments have banned it and Wall Street investors like Warren Buffet have deemed it rat poison. Yet, Bitcoin remains intact and unscathed from the constant bombardment of hack attempts to suppress its market capital, like a honey badger accosted by bees, snakes or lions.

In the realm of cryptocurrency, bitcoin is very similar to the 35-pound mammal that is impervious to pretty much anything thrown at it, including fear, uncertainty and doubt (FUD). Earning it the name “the honey badger of money.” Bitcoin OGs are all too familiar with the honey badger memes and understand with conviction that the coin supply and its network are immutable and impenetrable.



Source link Bitcoin Magazine

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