No.
You assume that an increase in hoarding must come from an increase in savings but my sequence of events assumes precisely the opposite. You see the "spend vs save" but you don't subdivide savings into "hoard vs lend".
And you don't see anything other than lending as productive savings. This is far from the case.
No, I don't see hoarding as productive savings. Can you explain me how it works?
...
Why do we need to rely on faith? Why can't we discuss it using logic and praxeology. I think that austrians are very accurate in a lot of things, but their prejudices against everything public don't allow them to see anything negative in gold as money, because that could lead to the need of public money. Fortunately bitcoin technology makes free market money compatible with demurrage today.
Create your alt-coin jtimon, and let the market decide.
I'll do that.