petrovil

I agree. people will prize a capped currency more than an infinite one even if the infinite currency "inflates" less over the next few years than the capped currency. at this point, it seems the only thing doge has over a traditional fiat currency is a cool and cute theme that is sure to be fleeting. the novelty of doge will get stale. I mean really, does anybody really think doge talk or the coin will be cool a couple of years from now? or that it will be serious? in the interim, the masses could send doge much higher only to have grade school "traders" get burned out of lunch money profits or grandmas lose bingo money. a good deal of the doge appeal is its inviting "my first coin" theme. litecoin and other "deflationary" crypto have the incentive to hold because the coin is ultimately capped and the usage and number of holders vastly outpaces the short term rise in coins. doge coin investor dynamics, however, are dependent on an ever expanding pie of unsophisticated crypto neophytes and an up sloping chart. Doge's demographic seems like a race to the bottom from my experience.

frankly, gold is "lost" all the time

assuming there are lots of bitcoin retail options (only one in my town and that is me), there are definitely scenarios where using bitcoin is preferable to dollars even if btc is to rise rapidly. some are futuristic: 1. merchant discount (from, say, no chargebacks) 2. merchant slight discount where the cost of not using credit payment processor savings is passed onto consumer 3. ease of use (I would like to touch my smartphone screen to pay for something) 4. more bitcoin exchanges make procurement freeish and immediate (possibly through an app) 5. quasi anonymity (buying something no one else has to know about). 6. ?