Hodling Versus Hoarding

Bitcoin Is Monetary Energy At Rest

Bitcoin detractor Jeffrey Robinson in Bitcoin: Naked Truth About Bitcoin argues bitcoiners are “…ignoring the difference between saving and hoarding. . . . savings are lent out to entrepreneurs who build economies, hoarding sits in a shoebox at the bottom of a closest and does not grow an economy. . . .” equating “hodling” to criminal activity. (Quoted from Chapter 3: Cui Bono?)

While Robinson implies bitcoiners should be jailed, he does make a valid distinction between hoarding and saving. But he limits his definition of…