In this comment I would like to propose "PTTH". PTTH is nearly identical to HTTP, except you replace all occurrences of "HTTP" in the protocol by "PTTH". Why is this inferior to HTTP? Why are people investing time and money to provide HTTP service and not PTTH service? You are right when you say that the artificially imposed scarcity on Bitcoins does not entail a scarcity on digital currencies in general, but, as it stands, your argument seems weird.

Actually, I believe that Bitcoin's (possibly short-lived) fame has created some sort of value in the sense that there would probably be, for quite some time, people interested in hoarding Bitcoins just as a kind of souvenir ("hey, remember, people used to get excited over this"); not so with Flitcoin. I am not saying that this is something reasonable to base a currency on, just that it is wrong to assume that Bitcoin and Flitcoin are strictly equivalent.

Bitcoin has a long hash chain already in existence and a large amount of computing power currently lengthening it. Bitcoin may or may not be valuable, but the amount of total CPU time invested into it and the current rate of CPU use are criteria one can use to decide if one proof of work network is superior to another.

Bitcoin already has users and Flitcoin doesn't?