Quote from: r0ach on March 27, 2017, 11:56:09 PM

Quote from: sidhujag on March 27, 2017, 04:34:12 PM

Ideal money will keep on rolling, gold has been rolled on already.

Theres no better example of a failed IOU attempt than the economies of the past that used precious metals. That ship has sailed, some crypto will be the one to take over, better to have your money here than there imo. Precious metals will fall back to the price representing industrial demand (way below)

LOL, you're flat out lying to yourself. Bitcoin does not solve ANY counter party risk problems - it has FAR WORSE counter party risk than metals do. If you believe the "ship has sailed" on metals, then you should probably dump your bitcoin now since it's fundamentally worse than metals in ALL ASPECTS that metals are valued for from counter party risk, to fungibility, durability, store of value, limited supply (rough consensus attack), etc.

All forms of cryptocurrency are nothing but Rube Goldberg machines that attempt to obfuscate their failures by adding mass complexity to smokescreen what's really going on. The only way you're getting a non-fraudulent monetary system on this planet is by using metals in native coin form (not IOUs for metals). Due to severe technical burden shoveled upon users (like old people who will never understand things like RBF), lack of ability to scale, and need to maintain wealth in a 3rd party chain of custody for things like wills, bitcoin is even more likely to end up as banker IOUs than metals are. This is assuming bitcoin even worked and does what it claims in the first place, but it doesn't.

Ive already shown why and how your wrong but you keep bringing up the same argument over and over.. refer to nick szabos article if you dont believe me.. the money with higher utility always wins.. you seem to have the bagholders dilemma you hold gold and wont sell for a loss or something. I do not hold bitcoin note that i said crypto even though bitcoin is better than gold who knows if it will be the one to win.

if LN can help solve microtxs then something like that would solve your fee issues.