Digital gold still means you can 'spend it.' The 'gold' part just means that you have the option of spending the gold, rather than saving it or hoarding it it's up to you.

The thing is... most people don't want to spend their gold. Their spend their paper money first. Then then hard money.

It's the same for goldbugs in my experience. Why 'spend the gold' which 'goes up' in a time of uncertainty (like today) and "save" in the stuff that deprecates against almost every other currency plus is designed to lose value every year.

It makes no sense.

Which is exactly why we see the 'hodling' behavior throughout the market.

Outside of Lightning for small transactions and 'trust maximization' like on Stacker... people don't want to spend gold unless there is a 'technologically' necessary way of using it like with micropayments... when nothing else works.

That's why Bitcoin 'the money' will be very large payments, or very small ones (micro) long before anything else.

My 2 sats