r0ach
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July 12, 2017, 03:18:57 AM

snip

because no cryptocurrency created thus far (and probably ever) actually improves upon metals in any way
  

 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

Here you go young shekler, this episode of the r0ach report is dedicated to you:

The r0ach report 18: The great PoW lie

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

I am touched.

You say that cryptocurrency does not improve on metals in any way?

I shall make you a deal- if you can send me 1 Ounce of Gold to arrive to me in the next hour- I shall pay you  $10,000 (because thats how much I loves me some gold)  for it in Bitcoin which should likewise arrive within the hour? Sounds like a fair deal to me.

It's not a valid argument.  It's like complaing about the speed of light existing, while if it did not exist, everything would happen at the same time.  That friction is required for anything to exist at all and also for things like decentralization to exist.  Reducing friction to zero is not actually a beneficial trait, especialy when doing so requires you to change from sound money to unsound money.  It's a pro-hyper globalization argument when globalization just leads to collapse.  

It's like Joseph Tainter says, "collapse is rapid simplification on a mass scale".  Such a thing can only happen if all systems are interconnected under globalization.  It's necessary to buffer systems off from one another induced by friction to avoid said outcome.