No, I'm showing you how the laws of economics work by appealing to your intuition. The part you quoted before ("This is discouraging transactions because (if y

No, I'm showing you how the laws of economics work by appealing to your intuition. The part you quoted before ("This is discouraging transactions because (if you believe in the currency and its future) you should hoard your BTC. The amount of new BTC going into circulation is low, barring any disaster (e.g. Germany banning BTC, Kraken hacked), it just makes sense to hold because what you have today will be worth more tomorrow.") is totally completely uncontroversial - and this is super easy to show, not only just in historical terms or by looking at how people actually behave, but if you simply think it through yourself. It's just obvious and uncontroversial.