[beaner]

My point was not that hoarding is a myth - my point was that "people will not spend bitcoin, because they will only hoard it" is a myth.

Have you actually talked to people who own bitcoin? They want places to spend it.

> Just take a look at the bitcoin transaction volume merchants are seeing beyond the first few days.

This doesn't really mean anything. First-day enthusiasim can't be held as representative of the greater trend. The greater trend being that more merchants are accepting bitcoin over time, and more bitcoin is being spent on real things.