For sure... It is artificially scarce in that situation, Just like BTC. This is an important issue. So if TP was made artificially scarce by hoarding. Yes I would be willing to pay more maybe up to five dollars a roll, but there would be a limit. So what happens here is I buy at 2 then at 4 then at 5, but that is it after that fuck TP i will use magazines. So people are willing to bear the cost up to a point scarcity is not the only factor in determining value. If the BTC community continues to treat a currency like a commodity people will find alternatives. BTC is for spending not hoarding and the guys that do are selfish trolls that are tarnishing the image of an otherwise beautiful idea.
You keep saying that "BTC is for spending, not hoarding", but all bitcoins must be held by somebody at all times. How do you have people spending bitcoins if there is nobody holding them?
The TP example is a bad one because TP has a specific use, and as you point out, if the price rises too much for that use case then people will find alternatives. But the same does not apply to bitcoin, no matter what the exchange rate bitcoin functions just as well for its purpose: as a currency to transfer value between people. If I want to send $5 to my friend, if BTC is $20 then I send 0.25 btc, or if BTC is $100 I send 0.05 btc, or if BTC is $0.10 then I send 50 btc. See, it does not matter what the exchange rate is, in any case I can just as easily send that value through the network to my friend, or my supplier, or whoever I need to send money to.
