[jnevelson]

"Eventually the Bitcoin economy is going to run into the problem of its algorithm and the Bitcoin-hoarding because; there will not be enough currency."

There is an oscillation process at work here - as people hoard bitcoins, the value of each individual bitcoin increases. People will then sell off their bitcoins in exchange for a higher price than they initially payed for them, thus increasing the money supply and allowing others to buy into the system. Am I missing something here?

[brazzy]

Why would anyone sell when they see the price keep rising? Unless they fear it will go down - and then everyone wants to sell and the bubble pops...

[ph0rque]

Why would anyone sell when they see the price keep rising? Some will sell when the total sum of their bitcoins is big enough for them to retire on.