I don't see a distinction between saving and hording, other than hording sounds bad. People accumulating bitcoin increases it's value relative to everything else. It sends a signal to people who don't yet understand, that this thing is important and valuable and they should pay attention.

Reply to this note

Please Login to reply.

Discussion

Vijay Boyapati, has a good framework for how think about bitcoins's monetization path

Ah I had to look him up. Thats the bullish case for bitcoin guy correct? Ive haven't read that.

I guess I can understand that perspective a bit. Up to a point, I can see how accumulation can be a signal to others and Ill admit there is a lot of subjectivity in the term horde. Ill have to think on it more.