[leishman]

[flagged]

[kinakomochidayo]

If it’s truly digital gold, that will only lead to the demise of the chain as a result of block rewards going down and not enough transaction fees to support the miners. Bitcoin truly has a security budget issue.

[Self-Perfection]

You seem to be arguing that if block reward sufficiently drops, everyone will stop mining and new block cease to be generated. Why would it happen?

If everyone stops mining that it would be enough to run mining on cheapest laptop and collect all the reward.

[cryptoegorophy]

Doesn’t it self regulate? If there is too fewer miners then reward goes up? Also, unlike gold, you can anonymously transport it around the world without getting robbed.

[oellegaard]

except you cannot melt it and wear it to show off

[rvnx]

and you cannot produce electronics out of it, nor use it in dentistry, or medicine.

[jonbodner]

And gold is a non reactive physical object. Storing gold is cheap compared to the infrastructure required to keep Bitcoin ledger information.

[losteric]

Why bitcoin instead of doge or any of the other digital golds?

[leishman]

Network effect, first-mover advantage, and fair launch that did not pre-mine coins for insiders. It's the only "pure" one because it was first and honest.

[rvnx]

Doge has unlimited supply, so there is an infinite amount of Doge.

Investing into something which has an infinite amount that will get created for free by the system (and therefore reduce the value of your investment) ?

[hollerith]

Because more people have confidence in Bitcoin than the other digital golds because it has been in the news the most over the years.

Also, the price won't be as volatile as the other coins (even though it is much more volatile than dollars) because if someone decides to sell $50 million worth of Bitcoin, the price barely budges because $50 million is such a small fraction of the $2.2 trillion worth of Bitcoin in existence.