How and when did hoarding bitcoin become a myth? Last I checked number of transactions per day was decreasing. And the C2C aspect you describe is unlikely to take off given the ease of cash or tools like Venmo, and lack of availability of bitcoin apps on iOS.
The myth here is that "people want to spend bitcoin." Just take a look at the bitcoin transaction volume merchants are seeing beyond the first few days.
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.
The myth here is that "people want to spend bitcoin." Just take a look at the bitcoin transaction volume merchants are seeing beyond the first few days.