Quote from: tee-rex on September 03, 2018, 04:07:10 PM

Broadly speaking, we all are unscrupulous parasites in one way or another as we are ruthlessly exploiting nature without thinking twice what we leave behind us unless it starts to backfire (like with global warming, pollution, etc). But in this case we are all in the same boat, so it doesn't really matter who is to blame and who is to be blamed.

But this is different with the so-called hodlers. By these I don't mean early adopters who wait paiently until they can spend their coins directly without fiat. I mean those who bought bitcoins (or some other coins) and hope to sell them at hefty profits later when bitcoin gets universal recognition and adoption. So why are they parasites? The answer is simple.

Basically, they are expecting that the price will grow as they sit idly on their hands. But this growth is not possible without other people actively using bitcoin, paying with it and selling for it - all those people who help create real value of bitcoin. And I know what hodlers are going to say in reply. That they diminish the supply and thus also contribute to this growth.

But this is a lame excuse. First of all, they can't in any way contribute to real growth which is caused by genuine adoption. All they do is add up to volatility. Second, if their words were true, that would mean that more holding would lead to higher prices. In real life though, it means that a coin (in this case bitcoin) will get abandoned and lose all its value eventually.

Therefore, if we are to bravely face the harsh and unpleasant truth and call things their real names, these people who proudly call themselves hodlers are in fact hoping to get something out of nothing, to get a share of the common pie when they themselves didn't bring anything to the table in the first place. Sounds familiar? So who are they if not parasites?

Based on your logic, almost everyone who has bitcoin, parasites. The price of bitcoin is very unstable, that's because of this there are a lot of holders who try to speculate and it's normal thing in my opinion. I don't think that the progress of bitcoin depends heavily on whether people will use it right now to buy things, the progress of bitcoin depends on the states and large companies that so far do not accept and do not use bitcoin as fiat money