Quote from: nighteyes on October 05, 2011, 09:13:21 PM

Quote from: wareen on October 05, 2011, 08:12:11 PM

Seriously though, there's absolutely no way you can back up this statement - you don't know what Satoshi or any other "hoarder" does for Bitcoin.
The more BTC one has, the higher his/her incentive to help Bitcoin succeed. Apart from this natural tendency there's nothing you can do really to force people to contribute or determine what they have to do with their money.

If they were spending coins, I would speculate the USD price per bitcoin would be much lower and not have risen as high. Whats not a speculation I believe is that they would be out of hoarding coins by now if they were in fact spending, therefore I win the argument either way Tongue

Speculations and beliefs are not sufficient to win an argument but that's not the point. Fact is, that you don't know who owns how many Bitcoins and what he/she has or has not contributed to Bitcoin.

I'm honestly not even sure what you want - if somebody has mined a couple thousand BTC, stashed them away for long-term savings and now regularly buys some BTC to spend them within the Bitcoin-economy he is an evil hoarder? Does it matter if he saved the BTC in order to send his kids to college in a few years or to be able to afford treatment should he ever get sick? Is such saving only allowed in USD or real-estate by your thinking?

Anybody holding BTC long-term and not selling them for something less volatile is a believer in Bitcoin, as it might very well be that they lose all their value. If you don't believe in Bitcoin that's fine, but please don't complain about those who do.