The gold standard did not "work out". It caused deflation, and every country in the world abandoned it after a little thing called The Great Depression.
I said nothing about 'success'. I don't know what you even mean by 'success'. It's a nebulous term, it doesn't mean anything in this context.The crux of the deflation argument is that in order for deflation to be a problem, you have to assume that bitcoin has already become an enormous success. It's a logical contradiction to think that deflation would prevent bitcoin from succeeding.
No, I said hoarding Bitcoins causes deflation.For instance, you agree that deflation encourages people to hold bitcoins.
No, if people are hoarding them then very few people have them...Then bitcoin becomes a success. Everyone has them. Everyone will accept them as currency.
No, if people are hoarding them and the value deflates they'll just keep holding them, speculating that the value will eventually rise back to where it was. People tend to not take deliberate losses.If they encourage too much hoarding, then people would lose faith in bitcoins, and then hoard less, right?