Yes, earning Bitcoin p2p would certainly help strengthen circular economies and weaken state power. But is hodling really rent-seeking? Rent-seeking is extracting wealth from others using state-granted privileges (monetary expansion, subsidies, tariffs, regulatory capture). Bitcoin hodlers aren't doing that. They're voluntarily deferring present consumption for future purchasing power, which is a much-needed prerequisite for a freer civilisation. Network security after all isn't funded only by spenders or earners. It ultimately depends on demand to hold bitcoin as well.