You are describing conservation of mass in physical world .. digital form doesn't has this limitation.. I mean if I take my picture , doesn't mean I cease of exist ..
Yet my picture can represent me on zoom calls ..
Discussion
Right, but Bitcoin is not even a representation of Gold. It is its own thing.
Then... . It is NOT money ..chose what you want it to be :-) .. your wish is the reality 🙏
That is a false dichotomy. "Bitcoin is a digital representation of gold, or it is not money." No. Bitcoin can be and is money without being in any way a tokenized version of gold.
Sure .. 😊 .. it will be money for AIs .. humans will still use gold, bonds and central banks .. unfortunately
The choice is actually simpler than it seems -
Do we want #bitcoin the currency of internet ? .. or we want it money of both - real world plus digital ..
In second option - it is obvious to peg bitcoin with gold .. and equities and bonds and RE ..
Bitcoin doesn't need to be pegged to anything to be used in the "real world." It is intrinsically tied to the real world via the energy needed to find a block.
Quit trying to "fix Bitcoin" by saying it needs to be something other than what it is. It is perfectly scarce digital money, which turns out to be a better ledger system than any physical money ever was. That is true not only for digital application, but for "real world" application, too. No need to compromise its supply cap by pegging it to anything else.
And yes .. superiority of form depends on the metrics .. some forms are better in certain aspects .. others are in others ..
For example digital form can travel at speed of light ..but you can't touch it like you do to a physical thing .. so .. beauty is in the eyes of beholder :-)