A field study by Richard Greaser of the small-stacker demographic of Bitcoin Twitter, centered on the anonymous account @BTCHODLVirginia.

After a storm of angry tweets about SBF and “Berry Silbert,” @BTCHODLVirginia complained that “shitcoiners” and “fiat maximalists” were hurting the BTC price, then declared: “We are never going under $17k again, goodbye cheap sats” — an early specimen of the price floor proclamation. The article traces the same sentiment to the reply sections of Cory Klippsten, CEO of Swan Bitcoin, where followers decry “shitcoin scammers.”

The piece is the wiki’s founding document for stacking: it defines a “stack” as the act of “giving up all their personal information to some entity in order to exchange money from their bank account for Bitcoin,” and describes the stack chain — a peer-pressure campaign in which users post public pictures of their weekly $25 purchases on Swan and Strike, along with their NOSTR public keys, in a collective attempt to raise the price of Bitcoin.

irl: The “stacksat chain” was a real early-2023 Bitcoin Twitter trend of quote-tweeting purchase screenshots. The article satirizes both the KYC irony of “self-sovereign” weekly buys and the genre of small holders issuing macro pronouncements.