Bitcoin’s success ultimately depends on the miners’ collective ability and willingness to redistribute (spend) the bitcoin they earn by mining. Miners are somewhat oxymoronic in the sense that they serve as a “distributed” Central Bank. For example, Bitcoin would fail if every miner on the network refused to spend any bitcoin; the economy would essentially become “owned” and insulated by the miners. It would be the equivalent of the Federal Reserve printing bailout money but never delivering it to the banks.
http://btcbible.com/bitcoin-technocracy/This quote is both ignorant and incorrect, as the author apparently thinks mining is free. Dan Roseman is talking out of his ass.
At this point mining is becoming a serious industry, it takes thousands of dollars and a lot of time to invest in system that provides a decent return. Miners cannot just hoard their coin forever because they have expenses in equipment, space, cooling, power, ect, to keep their operations running and need to cash out to do so.
I don't understand such a narrow and short term point of view either. Long term as Bitcoin and its network grows, the centralization of power is less, not more.
In actuality, miners are the core of spending economy and have the most incentive to use their coins as intended, hopefully the industry will find itself spending only in Bitcoin (and others) instead of USD as time goes along. Get equipment providers to start accepting Bitcoin payments from miners in need, property management companies they use for mining space to take rent in Bitcoin, power companies and/or green power dealing in Bitcoin, etc. This is how the real economy is born and moves Bitcoin away from a commodity mentality.