Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
And we don't want another fiat currency, right? In order to not create money out of thin air you have to use some resources. The PoW algorithm is perfect for this purpose because it lets the market decide how much energy it is worth to invest in this process.
I'm not sure of the correctness of the gold/bitcoin mining ratio. Any idea where is he getting his numbers from.
Could you add some sources for your claims, like the gold mining one?
That would make this post amazing and a great resource to share. As it stands with 0 sources, not so much.