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Meaning of Blockholm Syndrome
It is a concept when a Blockchain project makes serious errors in their base consensors protocol, and when it is pointed out or discovered, they can’t easily hard fork, so they double down on their previously bad decision, and/or paint it over with complexity and excuses.
The above name was tweeted by @BobMCElrath and voted by 148 crypto community members above other 3 suggested names for the concept which were;
Blockholm syndrome – 37% votes
Sunk chain fallacy – 35% votes
Chainsplaining – 20%
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Blockhead chaining – 8%« Back to Dictionary Homepage With 1,000+ Crypto Terms