Try "transacting" in gold or silver across the world for a good or service. Tally up all the usury 'middle men' fees for courier services, vault storage fees, customs fees, armored car services, boat, plane, armed guards, whatever. WELL over $1000+ for a single transaction, even way higher depending on the amount of PM $$$ involved. MANY people are profiting off of your transaction and getting rich. And many points along the path to destination where your PMs can go "missing".
Do you even listen to your own deluded bullshit you spew, r0ach?
And what about the spread of PM's.... you buy some gold/silver today and you sell it tomorrow to someone else losing like 20%. And that is in ideal circumstances. WTF?!
I like PM's, they did fill some niche in the recent past, but I don't see them in the future at all or maybe just as a way smaller niche.
if I have a printed code.... with the exact amount of BTC on it
then I could transact just as easy as you with your coin in your hand
.....
All your replies make lots of sense, gentlemen, and we all know they do. Only, the person you address doesn't, or won't ever admit it. What's the use of engaging him on old matters, with old (and valid, I repeat) arguments? We know what comes after that. Rent-seeking validators, joos, decentralization impossible in principle, more ranting. Blacks. Women. Dogs. Spinach. Ok, not dogs and spinach maybe (yet), but you get my point don't you?