World of HODLers is devastating for the Bitcoin, I'm sure Satoshi won't be happy with it.
If I am not mistaken, I will just have to state the obvious reason why satoshi created bitcoin in the first place. To have a decentralized "CURRENCY", not an asset. So basically the idea to buy and spend not to HODL.
Unfortunately the original intention of Bitcoin (digital currency to disrupt the financial status quo) is going out the window with all the speculators and people who see a get-rich-quick scheme.
Why? because of the lack of knowledge that most bitcoin users does have. Especially the users from the third world countries which only uses bitcoin because of the idea of getting rich, as you have stated.
I don't know if I should include this but the idea of why did Satoshi created this currency is being performed illegally?
Black market has been using this currency and have been taking advantage of its benefits
P.S. This is self-moderated thread, I will remove any comments that I suspect to be just a sig.spam. If you not agree with this condition, better don't post here.
I think we should start making more self moderated threads from global sections. As what hilarious said :
As I've been saying for years though, workload should be distributed around better. There's been no dedicated mod of big boards like Bitcoin Discussion for years and that certainly could do with it's own one. The alt coin section is getting swamped now and mprep was always overloaded as it's a huge board, but now that section is getting worse since he become a Global and doesn't have enough time to dedicate to it.
Then allowing OP to self moderate its thread for anti spamming can really be a great help for them.
Lastly, I am quite saddened that the current state of bitcoin industry is starting to turn into a banking system because of the KYC policy that most exchangers have been performing.