considering that it's mostly wealth to absurdly wealthy people mining them now and has been for a while Seeing how more and more transactions are going to be paid via bitcoin (and rich people own most of the companies that GET paid in these transactions) - so I'm curious how it's going to be different?
Why would you assume the use or hoarding of bitcoin to be different then all of history for ________. Fill in the blank, with gold, silver copper, food,energy, you name it. Some people save and invest others save nothing and consume. Some look to the future while others consume all they can here and now.
Like the old line I have heard all my live. When XYZZY gets expensive then only the rich will have XYZZY. I was not born rich. I borrowed to get through college. Before that I was a bricklayer. It took me 30 years to become what most would consider rich and I don't consider myself rich. I drove old cars 30 years ago and I drive old cars now. I have always saved to pay for things when possible. I have not had a loan for over 25 years and don't plan to every borrow again. My father chose to spend what he earned on tobacco and booze, He died of lung cancer at 58. My mother spent her life bitching about what other's had and never acquired anything of her own which of course was always someone else's fault.
My plan for bitcoin is the same as all my investments. When bitcoin seems to be below what I see as value I will buy and if I think the current prices is too high to represent value I will sell and look for something else.
Rich people have many things I do not and that is not an issue with me. If the so called rich hoard all 21 million bitcoins, that's fine with me. There will always be other things to invest in. I was an investor before and will remain so if all Bitcoins are lost.
My advise is not to dwell on what others have, spend or what they hoard. You can't control it and the time you dwell on it is time you have lost forever. People can follow Bernie Sander, wait for his promises to come around or they can dig in and find a way. Anyone who is not working 60 hours a week in the complex world we have now is not going to make it and there is more to work then just the kind that gives us a paycheck each week. I have not had what most consider a real job for 20 years yet, I still work at least 60 hours a week.
Don't worry about who mines bitcoins or what they do with them after the dig them out of the mine. It won't get you anywhere.