Hoarding is not a problem. The word merely means saving. Saving is virtuous, not a problem to be "solved". I'm not interested in what "mainstream" economists take, give or do. If you want what they are selling, then please just stick with dollars or the local currency of your choosing, and leave us bitcoiners alone.
Translation: "Join our Cult, adopt all our propaganda, or leave us alone."
This Cult Mentality...
Is why Bitcoin remains an obscure, hoarded commodity (NOT a currency)...
And why several dodgy exchanges effectively control Bitcoin...
And are systematically looting BTC.
This has nor changed since last time I checked in 2011...
Because serious businessmen spend 1-2 days looking at BTC...
And then they just move on.