> Evidence shows people are not hoarding the coins: every day, ... This is six times the number of coins created daily (7 thousands). That's not very convincin

> Evidence shows people are not hoarding the coins: every day, ... This is six times the number of coins created daily (7 thousands). That's not very convincing. A better comparison evidence would compare the daily exchange to the total inventory. However, the real question is more granular. If we look at #exchanges/age for each bitcoin, what do we find? I'd expect to find that some bitcoins have higher turn-over than others even if there's no hoarding, but what fraction have never been traded, or have been traded less than 3 times?