Showing posts sorted by relevance for query Hodling. Sort by date Show all posts
Showing posts sorted by relevance for query Hodling. Sort by date Show all posts

Monday, May 11, 2020

HODLing

Hodling (pronounced hodd-ling or hold-ing)

The continuing to hold one’s position in a market regardless of movements in that market.  Rationale is that value of that which one is holding will again rise again and selling will result only in actual or nominal (opportunity cost) losses.

2013: Word created on 18 December 2013 when a contributor to a Bitcoin forum, bitcointalk.org, apparently after enjoying most of a bottle of whisky (or whiskey, the sources differing), misspelled hold, a transposition probably not uncommon after too much drink given where the “o” and “l” keys sit on the qwerty keyboard.  Meme-makers soon decided hodl a backronym for hold on for dear life, a sentiment probably familiar to many who once held Bear Stearns or Lehman Brothers paper.  Most frequently used related form is hoddle and use appears restricted to the cryptocurrency community; preferred spelling is HODler.  Which of the pronunciations hodd-ling or hold-ing will emerge as a standard is unclear, as is whether hodl will even survive as a word.

Dictionaries cite dozens of definitions for hold so hodl is potentially a handy addition to English because its meaning is so specific, either in the context of cryptocurrencies or markets generally.  Whether use moves beyond its niche or even survives won’t for some time be clear.  The markets have managed with hold for some centuries and it may be that the trade in cryptocurrencies, however it evolves, may find hold adequate.  HODler manifestos have been published:

Rule 1: A True HODLer Does Not Sell Their Coin

HODler The first and most important rule of the HODLer Manifesto is to never sell your coin. A HODLer may spend their coin (see rule 5), but a HODLer does not sell. Only the weak sell, and they soon regret doing so.

Rule 2: A True HODLer Buys the Dip

If the fiat price of their coin drops, a HODLer will buy more, provided they have the means to do so. Under no circumstances would a HODLer panic sell because they see the price going down. The only case where a HODLer is not regularly buying the dips is when all their fiat is already invested.

Rule 3: A True HODLer Remains Steadfast In Spite of FUD

Whether there’s news that China is banning your coin again, or your favourite exchanged got hacked, you as a HODLer will continue to HODL. A HODLer stays the course regardless of who is sowing seeds of fear, uncertainty, and doubt (FUD). Disregard the news. Remember that the naysayers are usually those who have a lot to lose from your coin’s success, or those who resent HODLers for going to the moon.

Rule 4: A True HODLer Keeps Their Coins Off Exchanges and Online Wallets

Wallet No exchange or online wallet is immune from rogue employees, security mistakes, or simple negligence. A HODLer will keep their coins secure by using a paper or hardware wallet, instead of relying on any third parties for custody or safe keeping. A HODLer always controls their own private keys.

Rule 5: A True HODLer Buys Goods and Services With Their Coin

Should you decide to spend your coins, find vendors who accept your coins directly rather than selling or using fiat-based bridges (such as prepaid Visa cards). By spending your coins, you fuel the ecosystem of fellow HODLers. Do not become a spendthrift either, or you will soon find yourself without coin.

Rule 6: A True HODLer Spreads the Good Word

Sharing is Caring Do tell your friends and family about the goodness of your coin, but do not be pushy, or pressure others into buying your coin. They may not share the same values as you. Try to educate them without being patronizing, and stick to the facts rather than appealing to emotions (like FOMO). Refer them to good resources, and let them make up their own mind.

Rule 7: A True HODLer Does Not Get FOMO When Another Coin Rises

When you see other coins quickly rising in market cap rankings, you will not be distracted. They too will fall back from whence they came. Resist the temptation to dump your coin and pump another. This is usually a futile exercise, and is a quick way to make a big fortune into a small fortune. If you do, in spite of better sense, decide to purchase a new coin, weight your holdings by market cap to manage your risk.

Rule 8: A True HODLer Will Run Their Own Full Node

To ensure their coin remains healthy, and to participate in consensus, a HODLer runs their own full node if possible. There is truth in numbers, and a HODLer will always remain true to their coin. By participating in consensus a HODLer is in complete control of their own destiny, free from tyranny, censorship, and oppression.

It bounces round a bit: The trendline for HODLers.  Bitcoin against US$: Q4 2010-Q1 2022.

HODLers beware: The SEC (Securities & Exchange Commission) is watching you.

Saturday, May 30, 2026

Mountweazel

Mountweazel (pronounced mount-wee-zuhl)

Factitious material deliberately included in a publication as a “copyright trap”, allowing identification of plagiarism and potential violations of copyright.

1975: A definition by Henry Alford (b 1962) which appeared in a 1975 edition of The New Yorker, referencing an entry in the fourth edition (1975) of the New Columbia Encyclopedia, involving the fictitious Lillian Virginia Mountweazel, said to have died in an explosion while on assignment for the just as fanciful “Combustibles” magazine.  Mountweazel was not a legitimate family name, the neologism coined by Karen Tweedy-Holmes (b 1942), then an editor for the encyclopedia, the purpose being a fictional biographical entry for the imaginary Lillian Virginia Mountweazel.  For all purposes (other than the doomed heroine), mountweasel is used without an initial capital.  Mountweazel is a noun; the noun plural is mountweazels.

Ms Tweedy-Holmes (there can have been few finer names for a lexicographer) described her tragic heroine as an American fountain designer turned photographer, born in 1942 in Bangs, Ohio and most noted for her commissioned series of images of the mailboxes of rural America, her death said to have come in 1973.  Ms Tweedy-Holmes authoritative (and wholly bogus) biographical entry for the late Ms Mountweazel read: “Mountweazel, Lillian Virginia, 1942–1973, American photographer, b. Bangs, Ohio.  Turning from fountain design to photography in 1963, Mountweazel produced her celebrated portraits of the South Sierra Miwok in 1964.  She was awarded government grants to make a series of photo-essays of unusual subject matter, including New York City buses, the cemeteries of Paris and rural American mailboxes.  The last group was exhibited extensively abroad and published as Flags Up! (1972).  Mountweazel died at 31 in an explosion while on assignment for Combustibles magazine.  The coining was for the purpose of a “copyright trap”, in this context an apparently legitimate dictionary entry structurally and stylistically indistinguishable from thousands of others, the idea being that were another publication to include a “Lillian Virginia Mountweazel” entry with the same “facts”, that obviously would be a plagiarism and potentially a breach of copyright.

Combustibles magazine (special issue, 4 June, 1973).

Ms Mountweazel may never have lived but in death is memorialized in the Lillian Virginia Mountweazel Research Collection which includes an “extensive collection of Combustibles Magazine” covers, some editions including her assignments, notably “the whimsical history of fireworks” and “disturbing revelations” about Nazi rocket scientist Wernher von Braun (1912–1977) who in 1945 had been employed by the US government, suddenly rather more interested in the missiles the German could help them build rather than his wartime use of slave labor.  There’s also the revelation the Flags Up! project, although promoted as the USPS (US Postal Service) using “captivating imagery” to demonstrate how the new ZIP codes enhanced “the efficiency and modernization of the postal system”, actually was funded by the CCF (Congress for Cultural Freedom), a CIA (Central Intelligence Agency) “front organization” used during the Cold War to produce anti-Soviet propaganda.  The “messaging” in Flags Up! was to show the way freedom of thought and the expression of ideas was allowed freely to flow between Americans, however remote they might be.  Of course, also included is the “special issue” of Combustibles (4 June, 1973) in which was announced the death the previous day of Ms Mountweazel, killed in the crash of a Soviet Tupolev Tu-144 SST (supersonic transport) passenger airliner during the 1973 Paris Air Show at Le Bourget Airport.  In the accident, all six crew members died along with eight in the nearby village of Goussainville, Val-d'Oise where Ms Mountweasel had been researching “the negative health effects of sound pollution in communities near major international airports. After her death, photojournalism scholar Pierre Menard, acknowledged Ms Mountweazel as “one of the most important in the world of pyromaniac publishing. Pierre Menard was also factitious, the name borrowed from Pierre Menard, autor del Quijote (Pierre Menard, Author of the Quixote), a short story by the Argentine writer Jorge Luis Borges (1899-1986).

Official Journal of the Institute of Explosives Engineers, March 2026 edition.  It would seem women involved in “blowing-up stuff” prefer to wear sensible shoes which seems wise.

While there was no “Combustibles” magazine (although there would seem to be a need for one), for students of such things or enthusiasts of the art & science of “blowing-up stuff”, the (IEE) Institute of Explosives Engineers (Voice of the Explosive Industries) publishes the quarterly Official Journal of the Institute of Explosives Engineers, currently distributed to a membership of some 2,000 “highly qualified engineers and specialists” involved in blowing-up stuff.  Additionally, copies are made available to selected academics, professional institutions and those in the business (of blowing-up stuff).  As well as academic papers, features and articles, the journal functions as a trade publication with information and reviews of new products and services.  The editors welcome submissions relevant to blowing-up stuff and, if appropriate, prior to publication, will submit texts for professional peer review.  The next International Explosives Conference will be held between 16-18 June, 2026 at the Parkgate Hotel in Cardiff, Wales and the institute recommends the early booking of hotel rooms because on the evening of the 16th, Take That (an English pop group formed in Manchester in 1990) will be performing their Circus Live show at the city’s Principality Stadium.

A synonym of mountweazel is the German Nihilartikel, said to have appeared in 2003 as a hoax in the German-language Wikipedia in 2003 and later picked up by the English version from which it spread through blogs, print publications and such, these serving as “references” appearing to legitimate subsequent use.  The construct of Nihilartikel (being a noun, if used in the original German, with an initial upper case) was the Latin nihil (nothing), from nihilum (from ne- (not) +‎ hīlum (the least bit)) + the German Artikel (article) (from the Middle High German artikel, from the Latin articulus.  This is defined (in the jargon of Wikipedia) as a type of citogenesis (a circular form of citation where various sources report each other, creating a false impression of reliability).  The construct being cit(e) +‎ -o- +‎ -genesis, citogenesis was in 2011 coined by US engineer Randall Munroe (b 1984), presumably on the model of the homophone cytogenesis (the formation, development and variation of cells), the construct being cyto- + genesis.  Cyto- (“cell” as used in biology) was a learned borrowing from the Ancient Greek κύτος (kútos) (container, receptacle) and genesis (origin, start; point (in time) at which something comes into being). came via Latin from the Ancient Greek γένεσις (génesis).  Cite (in this context “to quote; to repeat, to make mention of; to list”) was from the Old French citer, from the Latin citare (to cause to move, excite, summon) and frequentative of ciēre (to rouse, excite, call).  So, just as cytogenesis describes cells being formed and variations emerging from components, in citogenesis what is happening to the assembly of “apparent (but erroneous) facts” with “authenticity verified” on the basis of other “apparent (but erroneous) facts that gained their “apparent veracity” merely from the frequency of citation.

The Pentagon Papers.  In 1971, the USSC (US Supreme Court) ruled 6-3 against granting the Nixon (Richard Nixon (1913-1994; US VPOTUS 1953-1961 & POTUS 1969-1974)) administration an injunction preventing further publication excerpts of the documents by the New York Times & The Washington Post, holding the government’s attempt to invoke “prior restraint” violated the First Amendment (freedom of the press) of the constitution and the claim of a threat to national security was not in this case sufficiently justified to allow suppression of the press.  It’s interesting to speculate how today’s USSC would rule on the same facts.

For other purposes, there are variants of the “copyright trap”.  Organizations wishing to detect the source of “leaks” (documents being photocopied and given to unauthorized recipients) would sometimes make visually almost imperceptible changes (an additional space, a character in a slightly different font etc) in certain copies, meaning an analysis of a “leaked copy” could isolate the source.  That obviously depended on the existence of relatively few original copies but that is the nature of leaked material.  The digitization of documents of course made copying and leaking not only quicker and easier but also made possible grabbing data on a huge scale.  While in 1969 Dr Daniel Ellsberg (1931–2023) had to spend several evenings alone with one of Rand Corporation’s photocopiers to duplicate the 7000-odd pages that became “the Pentagon Papers”, by the time Edward Snowden (b 1983) and Chelsea (then Bradley) Manning (b 1987) were stealing US government data by the gigabyte, all they needed was a USB stick onto which stuff silently was copied as they went about their paid work.  All digital copies of a document are of course functionally identical and even metadata which can reveal something about the copying (such as a date stamp) can be edited so what sometimes was done was the insertion of something hidden which could be detected only at the software level and not visually.  The best known was the “Alt + 255 trick”, a keyboard combination which created the NBSP (non-breaking space) Unicode character U+00A0.  Visually indistinguishable from the standard gap (U+0020) created by a tap of the space bar, the location could be detected using certain text editors so, correctly implemented, it would be a useful device for tracing sources of leaks.  However, “software tricks” can be detected by other software which is why crooked Hillary Clinton’s (b 1947; US secretary of state 2009-2013) legal team (a well-resourced and busy crew) insisted on printing out thousands of E-mails because of fears the investigators exploring the (still not adequately explained) “servergate” scandal might detect in the raw files something crooked Hillary had deleted.

The companion (in form though not intent) of the mountweazel is the “ghost word”.  A ghost word is a word that enters a dictionary, reference book or some other reputable source, despite being “wrong”.  The causative events have been varied, including misunderstood abbreviations, typographical errors, printer's mistakes, errors in transcription or translation, scribal copying errors, damaged manuscripts, corruptions in transmission and mishearings of audio recordings.  While advances in technology have made it possible more efficiently to identify ghost words, the increasing use of OCR (optical character recognition) on texts of sometimes dubious legibility may yet create a few and given the propensity of AI (artificial intelligence) bots to “make-up stuff”, there’s likely to be a new generation yet to be discovered.  In linguistics, the professionals distinguish between “ghost words” and “phantom words” and the distinction matters in their rarefied world but to most of us the latter probably would be thought mere “spelling errors”.

Few have made a great as contribution to the study of the English language as Walter William Skeet, the ghost word but one of his minor legacies.

All that matters for purposes of definition is that the word has no actual history of use in the language.  One celebrated example was “dord” which appeared in the 1934 edition of Webster's New International Dictionary, defined as “density”.  What had happened was the chemistry section’s editor had written a note saying: “D or d, cont/ density” (meaning “uppercase D or lowercase d is the abbreviation for density”) but a typesetter misread the spaces, blending the characters to create a “new word”.  Until 1939 “dord” sat on its page in Webster’s, apparently without causing trouble but it was noticed during an internal review and a “plate change/imperative/urgent” instruction was sent to the printer; at that point the linguistic exorcism was effected but, because lead-times and product supply-lines were then longer, not until 1947 were Webster’s confident they successfully had “de-dorded” things.  It could of course have been different.  Had chemists ((The origin, start; point (in time) at which something comes into being). or anyone else) decided dord was a “perfectly cromulent word” and use had achieved critical mass, it would have become a “real word”.  Quite when the term “ghost word” first was used in this sense is uncertain but lexicographers agree it was popularized by English mathematician, philologist & Anglican deacon Walter William Skeat (1835–1912), notable for his seminal work in editing Medieval texts.

The neologism “cromulent” appeared in Lisa the Iconoclast (episode 16, season 7 of the US animated TV series The Simpsons (1989-) which aired on Fox on 18 February, 1996.  Cromulent (acceptable; valid; correct) was deliberately not “a real word”, the gag being it was included in the script to be used by one character to assure another that “embiggen” (to make larger) was “a real word”.  So it was a funny line but the irony was embiggen had a (limited) history of use dating from 1884.  In the years since, it has been included in mainstream dictionaries and has found a niche in the mysterious world of string theory, a collection of explanations of the structure of the universe; being under the rubric of quantum gravity, string theory is understood only by a handful of specialists, not all of whom agree with each other.  Probably few would deny embiggen deserves to be in the jargon of string theory but whether the discipline is cromulent science continues to divide opinion.

Warren Harding (1865–1923; POTUS 1921-1923), New Year's Day, 1920.  Harding presided over a scandal-plagued administration and his early death might have been one of those “good career moves”.  Theodore Roosevelt’s (TR, 1858–1919; POTUS 1901-1909) daughter Alice Longworth (1884–1980) “knew everybody” in twentieth century US politics and in summing up Harding concluded: “Harding wasn’t a bad man, he was just a slob.

There have over the years been many “ghost words” (the authoritative Wiktionary listing 33 instances in English of examples meeting their strict criterion).  It’s not enough that a word is “wrong”; whether fictitious, malicious, erroneous or whatever, to become a “ghost word” it must in some work of reference be presented as “genuine” and in that form endure long enough to take on some sort of life.  Humorists and experimentalists have of course coined or repurposed words which have entered mainstream use but these are not ghost words because their lineage was documented.  There are also “pseudo ghost words” (those treated as such but with a verified history authenticating the alleged error), a celebrated example being Warren Harding’s use during his successful 1920 presidential campaign of “normalcy” instead of “normality”, the section of his speech containing the offending word was almost aggressively alliterative:

America’s present need is not heroics, but healing; not nostrums, but normalcy; not revolution, but restoration; not agitation, but adjustment; not surgery, but serenity; not the dramatic, but the dispassionate; not experiment, but equipoise; not submergence in internationality, but sustainment in triumphant nationality.

Unrelated: The mountain weasel (Mustela altaica), an inhabitant of high-altitude regions in parts of Asia including Kazakhstan, Tibet, India, Mongolia, north-eastern China and southern Siberia.

In saying "normalcy", he may have misspoken or perhaps Harding liked the word; questioned afterwards he said he found it in a dictionary which probably was true although whether his discovery came before or after the speech wasn't explored.  Although Harding’s choice was much-derided at the time, normalcy had certainly existed since at least 1857, originally as a technical term from geometry meaning the “mathematical condition of being at right angles, state or fact of being normal in geometry” but subsequently it had on several occasions appeared in print as a synonym of normality.  Still, it was hardly in general use though Harding gave it a boost and it’s not since gone extinct, now with little complaint except from the most linguistically fastidious who insist the use in geometry remains the only meaning and all subsequent applications are mistakes.  In these circumstances, a misspeak does not a ghost word always make.  At the time, many assumed Mr Harding had “misspoken”.  For someone to “misspeak” was then understood to mean “saying something incorrectly, unclearly or inaccurately (by mistake).  Misspeak thus distinguished unintentional errors, mispronunciations or “slips of the tongue” from deliberate lies.  Misspeak” had enjoyed a darkly amusing late career change.  Historically, it meant (1) to fail to pronounce, utter, or speak correctly or (2) to speak insultingly, disrespectfully or inappropriately ( a use long obsolete) but in recent decades it has evolved as a “weasel word” (a word used to hedge a statement, making it vague; equivocal; ambiguous; misleading) used by politicians and others tacitly to admit having lied without having to say: “I lied”.  So it’s beyond a euphemism (which has a hint of polite respectability) and something most associated with crooked Hillary Clinton, notorious for her “strained” relationship with truthfulness although to be fair to crooked Hillary (difficult, but it can be done), her husband (Bill Clinton (b 1946; POTUS 1993-2001)) did not in such matters set a stellar example.

Lindsay Lohan and her lawyer in court, Los Angeles, December 2011.

A malapropism is a literary device and not a ghost word.  Mrs Malaprop was a character in Richard Brinsley Sheridan’s (1751-1816) play The Rivals (1775); she had the habit of substituting inappropriate but like-sounding words that would take on a ludicrous meaning in the sentence in which they appeared (her intended compliment “nice arrangement of epithets” came from her lips as “nice derangement of epitaphs”).  That was very different from a “mere typo”, a breed which tends either to be annoying or amusing but which in certain documents could be consequential (consider “prescribe” vs “proscribe”) but typos can also coin words.  Hodling” was intended to be in the text string “I am holding”, typed by a cryptocurrency investor who wished to assure others in the chatgroup he was “holding” his Bitcoin position and not selling despite the sudden drop in the price.  Unfortunately, he’d reputedly enjoyed half a bottle of whisky (or whiskey) so finger control on the keyboard was diminished, thus the word-making “I am hodling.  That proved a linguistic gift because “hodl” (hold) entered the jargon of the cryptocoin jockeys and hodlers (those who do not react to every price downturn by selling) are thought a fearless elite. 

Applied spoonerism: First assembled in 1977, the Cunning Stunts was a London-based, feminist performance collective.  Suffering the internal conflicts perhaps endemic to collectives, the Cunning Stunts dissolved in 1982, having seemingly worked their concept dry.  In the UK, much alternative theatre didn’t survive the 1980s, the administration of Margaret Thatcher (1925–2013; UK prime-minister 1979-1990) dismantling many of the often left-wing local authorities which had provided a substantial proportion of the funding.

Nor is a spoonerism likely to become a ghost phrase.  A spoonerism is a play on words in a phrase in which the initial (typically a consonant) sounds of two or more of the words are transposed.  It was named after Oxford don the Reverend W. A. Spooner (1844–1930), who was alleged to have made many such slip-ups (“Our dear old queen” becoming “Our queer old dean”) although among scholars it’s suspected that while doubtless he made a few, there was likely a healthy industry among his students (and perhaps even his fellow dons) is concocting a more to be attributed.  Another variant was the mondegreen.  Mondegreen was coined by US editor & journalist Sylvia Wright (1917-1981) who, in a piece published in 1954 in Harper's Magazine, recalled a childhood memory of mishearing her mother read a line in the Scottish ballad The Bonnie Earl o' Moray (which appeared in Reliques of Ancient English Poetry (1765) by the English clergyman bishop and antiquarian Thomas Percy (1729-1811)): “They have slain the Earl o' Moray, / And laid him on the green”, the second line misheard as, “And Lady Mondegreen”.  Now an acknowledged descriptor, “mondegreen” didn’t appear in mainstream dictionaries until the twenty-first century and that was a product of lists of “obscure or unusual” words beginning to proliferate on the internet as bandwidth increased and cost fell.  Not all novelties pleased the editors but mondegreen was nerdy enough to make the lexicographical cut.  Structurally, there’s no reason why a misspeak, malaproprism, spoonerism or mondegreen can’t become a ghost word; it’s all in the history.

Peter Falk as Lieutenant Columbo in his battered 1959 Peugeot 403 Cabriolet.

Both embiggen and cromulent are not ghost words because they were positioned as “joke words” rather than being errors and nor are they mountweazels because they were inserted into the script as something other than copyright traps.  Essentially, a mountweazel deliberately is fake while a ghost word is in some sense “wrong”, the distinction summed up as: (1) a ghost word is an error mistaken for truth while (2) a mountweazel is a fabrication presented as truth for strategic reasons.  There are however limitations to the mountweazel’s utility as a copyright trap, the classic example the legal squabble which came to be dubbed “the Columbo Trap”.  Columbo was a TV detective drama which at various times between 1968-2003 was shown on the NBC & ABC networks; it started Peter Falk (1927–2011) as Lieutenant Columbo, remembered for (1) always solving the murder(s), (2) his catch phrase “just one more thing” and (3) driving a dilapidated 1959 Peugeot 403 Cabriolet (one of 504 built than year out of the 2,030 made during a five-year run (1956-1961)).

The Trivia Encyclopedia (1974): Mostly accurate.

The first edition of the best-selling book The Trivia Encyclopedia appeared in 1974; written by Fred L. Worth, it was for years a fixture on bookshop “Christmas gift” lists.  In 1984, claiming damages of US$300 million, Mr Worth filed suit against the distributors of the board game Trivial Pursuit, claiming they had stolen their game’s questions from his books.  There were many instances of copying he cited but his key piece of evidence was a mountweazel in his book: the “trivial fact” the first name of the TV detective Lieutenant Colombo was “Philip”.  This was a product of Mr Worth’s imagination but in the board game, it was included as an answer to that question.  His legal point was that while the board game’s creators could have obtained his other examples from many other sources (as indeed he had), the notion of “Philip Columbo” appeared first in his book and that it was “not a fact” was irrelevant because the basis of his suit was the unauthorized and unattributed copying.

On just about any topic, there's probably a trivia list somewhere on-line.

The distributers of Trivial Pursuit made no attempt to deny sourcing much material from Mr Worth's book, arguing “facts” are not able to receive the protection of copyright.  To emphasize the point, the company provided a long list of published texts from which information had been copied and argued it would be absurd to suggest they could be sued for providing the answer “Queen Victoria reigned between 1837-1901” because that fact appears in thousands of books.  They acknowledged an action might be possible (depending on many things) had they merely published a “book of trivial facts” (a la Mr Worth’s) but a multi-player board game in which questions had to be answered was “a substantially different product” within the meaning of copyright law.  The judge agreed, a finding upheld on appeal and the USSC declined to re-hear the case, thus reinforcing general principle “a fact cannot be copyrighted”.  Mr Worth’s response was that by definition “Philip Columbo” was thus a piece of fiction deserving copyright; the courts did not concur.  Amusingly however, others also copied Mr Worth’s mountweazel and references to “Lieutenant Philip Columbo” over the years appeared in print and on-line, Peugeot in the 1980s even running advertising campaign in which “Lt. Philip Columbo” was mentioned as the “most famous driver” of a Peugeot convertible.  That was a bit of a shift from the company’s original views on the 403 Cabriolet’s appearance in the TV series, the executives not best pleased at its dilapidated state.  Internet sleuths later published close-up screen shots of his police badge which revealed his name was “Frank Columbo”.

Tuesday, March 30, 2021

Ether

Ether (pronounced ee-ther)

(1) In chemistry, Pharmacology and (pre-modern) surgery, A colorless, highly volatile, flammable liquid (C4H10O), having an aromatic odor and sweet, burning taste, derived from ethyl alcohol by the action of sulfuric acid.  It was used as a powerful solvent and as an inhalant anesthetic (also called diethyl ether, diethyl oxide, ethyl ether, ethyl oxide, sulfuric ether.

(2) In pre-modern chemistry, one of a class of compounds in which two organic groups are attached directly to an oxygen atom (the general formula ROR), as in diethyl ether (C2H5OC2H5).

(3) In Greek mythology, the upper regions of the atmosphere; clear sky or heaven (and from this long a rarely used word for “air”).

(4) In physics, a hypothetical substance supposed to occupy all space, postulated to account for the propagation of electromagnetic radiation through space, an idea picked up in the early days of radio broadcasting, the signal said to be “in the ether”.

(5) In chemistry, a starting fluid.

(6) Figuratively, a particular quality created by or surrounding an object, person, or place; an atmosphere; an aura (probably most familiar in the form ethereal). 

1350-1400: From the Middle English ether (the caelum aetherum of ancient cosmology in which the planets orbit; a shining, fluid substance described as a form of air or fire; air), from the Middle French & Anglo-Norman ether, from the Old French aether (highest and purest part of the atmosphere; the medium supposedly filling the upper regions of space), from the Ancient Greek αἰθήρ (aithr) (purer upper air of the atmosphere; heaven, sky; theoretical medium supposed to fill unoccupied space and transmit heat and light), (akin to aíthein (to glow, burn)) or directly from its etymon New Latin aethēr (highest and purest part of the atmosphere; air; heavens, sky; light of day; ethereal matter surrounding a deity).  The ultimate source of the Greek was αἴθω (aíthō) (to burn, ignite; to blaze, shine), from the primitive Indo-European heyd- (to burn; fire).  It was related to the Old English ād (funeral pyre) and the Latin aestus (heat).  As late as the nineteenth century, it was not uncommon in English for the Latin-derived spelling aether to be used, probably because so much of what was in the books of apothecaries remained for so long unchanged.  The German-born chemist August Sigmund Frobenius (circa 1690-1741) was the first to use the name for the volatile chemical, his bestowal based on its properties.  The name entered English science in 1757 although it wasn’t until 1842 the anaesthetic properties were fully documented.  The English word was cognate with the obsolete Italian etere (ether & ethera both obsolete), the Middle Dutch ether, the modern Dutch ether (aether obsolete), the German Äther, the Portuguese éter and the Spanish éter.

In ancient cosmology, ether was the element filling all space beyond the sphere of the moon, constituting the substance of the stars and planets; in the imagination of Antiquity it was held by one school of thought to be a purer form of fire or air, by another as a fifth element.  From the seventeenth to nineteenth centuries, ether was part of scientific orthodoxy and the technical word for an assumed framework within which the forces of the universe interacted, perhaps without material properties.  As the scientific method evolved increasingly to demand proof of theories, doubts were expressed about the validity of the traditional view and in 1887 an experiment by American physicists Albert Michelson (1852-1931) and Edward Morley (1838-1923) cast such doubts on the notion that among others, Albert Einstein (1879-1955) was moved to begin calculations and the view of the nature of ether from Antiquity was completely dismissed after conclusive proof of the theory of relativity in 1919.  Despite that, having first been so used in 1899, the word endured well into the twentieth century to describe the path of the then seemingly mysterious radio broadcasts.

Lindsay Lohan during her dabble with Ethereum fueled NFT drops.  

Although the volatility and churn rate make it a hard sector to track, there are apparently over 20,000 currently active (in the sense of being listed somewhere and thus able to be traded) cryptocurrencies.  There are obvious attractions to creating one's own virtual currency because in a sense one is creating one's own money (usually in the millions) and if one can convince others (and guides to market manipulation have been published) to exchange their convertible currency for one's tokens, it can be a good business model.  One thankless task associated with cryptocurrencies however is coming up with a suitable name, something not of great importance once the creation gains critical mass but possibly quite influential when first listed.  It must be something like thinking of names for racehorses but harder still because not only must it be unique but it should also not be too close to other financial products (not just other virtual currencies).  Ethereum (ETH) was coined by Russian-Canadian programmer Vitalik Buterin (b 1994) who has in interviews revealed he chose the name after browsing Wikipedia for a list of fictional elements on based on ether.  One can certainly see the link and it makes more sense than the earlier Ethernet, originally a trademark of the Xerox Corporation, the construct being ether +‎ net(work).  Ethernet was a collection of cabling and network connectivity protocols standards for bus topology computer networks and to use the word "ether" was a bit of a leap, everything originally connected by cable whereas at least part of the Ethereum traffic travels through the ether (as it was understood in Antiquity).  With Ethernet cabling, there was thick and thin Ethernet and the physical cabling literally was thick and thin, the choice dictated by things like the distance to be covered, the number of nodes to be connected and the available budget.  In the world of cryptocurrency, think & thin means "going through thick & thin", hodling (holding) one's coins no matter what the fluctuations.