I think part of your argument relies on the idea that miners have figured out how to mine it cheaply. People are greedy, and if one person cracked the algo then hashrate would be 8 mh/s by now. Instead, I really believe these big miners are putting at least 250-450 sat of mining costs into obtaining each coin, which means there is simply a huge amount of investment entering the network right now.

If a single person is hoarding coins in multiple wallets... either they dump or they hold. If they dump then cheaper coins for everyone and lower diff, but if they hold until price increases then they are essentially removing that supply from the market for a period of time and so they deserve the profits that they could realize down the road.

As for the volatility, I think you are correct. People could lose lots of money if they are buying at 6,000 sat and it crashed back to 600 sat. But that’s more of an argument for why new adopters should mine, mine, and mine instead of buying on markets, and frankly I’d prefer to see an increase in individual miners over an increase in price.

Do we all want to agree on a community signature or use our own? I’m going to make my own version today and I’ll post the code in case anyone wants it too.