The utility of the Bitcoin comes from it's ability to be used in the faciest and socialist markets of today. In a free market I think eGold would beat Bitcoin because it is commodity backed. What are ya'lls thoughts on this?
I believe that in a free market (at least initially) different usage types of communities would arise - commodity only based (think Amish using gold for transactions) and digital based (high tech - Bitcoin). Assuming it is more efficient to trade in only one type of 'money' the trading habits of the larger community would probably overwhelm that of the smaller community and those wishing to only use the 'minority' money would eventually pay more (because of exchange costs) for the privilege of doing so.
On the other hand, because eGold costs more (storage costs) than BC it might eventually fall out of favor, especially as more and more of the market players become high tech.
