There is so much fallacy to his argument, not sure where to begin. Try exchanging gold for anything without some usery fee.

1)  Most of your argument revolves around the idea that humans are going into a "knowledge age" and cornering of capital and commodities is useless, which makes absolutely no sense whatsoever. Being a slum lord in the future will always be just as profitable as in the past in a closed ecosystem (earth) of limited resources if you're able to defend said resources.

2)  The drop in commodity prices over time is not evidence heralding a "knowledge age", it's because humans discovered MASSIVELY cheap energy like when oil was cheaper than water in texas, and ever since this has been a game of nothing but arbing excess energy for materials, and now that energy is experiencing collapsing EROI so the arb game is up.

3)  Cryptocurrencies not only have no Schelling point, they have a reverse Schelling point because network effect assumes infinite scalability. As soon as the fees go up, people will be moving into the next coin to avoid usury, and all these networks are highly scaling constrained by design. Death by dilution is inevitable without scaling.

4)  Cryptocurrency doesn't function as a store of value because it's price floor is recursive based on it's own demand (in PoW). This means it's a complete house of cards in terms of so called value storage.
In commodities like silver, the ESF practices Keynesianism in the commodity markets and naked shorts them down to cost of production to try and keep their market caps as low as possible and prevent them from competing with the dollar. Why? Because nobody would submit to slavery via debt based scam currency at all unless you force them into it.

They can't short metals lower than cost of production because it would create scarcity and be counterintuitive to their goals. However, they can short bitcoin below cost of production because there is no real price floor, only a temporary, synthetic one. This in turn causes the miners to be forced to turn off (like KNC) and the synthetic floor crashes even more until the thing implodes to nothingness.

Another reason why craptocurrency is horrible and not a sound form of money. Metals like silver can be manipulated by shorts to contain their market cap, but bitcoin can actually be destroyed by them due to having no real floor.

5)  All cryptocurrencies are inherently rent seeking usury systems and a pseudo form of debt based currency if you will. The PoW chain does not just magically stay up on it's own, it requires a constant upkeep (rent). A peer to peer gold or silver transaction can be done with no overhead cost, but a cryptocurrency transaction always travels through the hands of the rent seekers and will cost > 0.

6)  The further you abstract money away from barter, the larger a scam it is

You should also get some 90% junk silver coins if you don't already have some. In a worst case SHTF scenario, would be great for barter.

Locked!!!!

Now what?

Only because he can sound somewhat eloquent at times , I foolishly listened  and heeded advice
of that jew hating pm buffoon once a few months back,
and it cost me dearly... never again.
Now probably  like most other intelligent WO members here, i just laugh at his nonsensical posts.

Were gonne fall back to lower levels like rOach said And kwuckfuck.

Now after this statement (in bold)you are going on permanent ignore. Before I just thought you were a shill for the gold industry, now I know you have no idea what you are talking about.

Did anyone see this latest crypto scam?  Right as BIP91 looks ready to pass, Bologniex freezes Litecoin market out of the blue then immediately dumps it upon un-freeze (because BTC with segwit is probably bad for LTC). Looks like the type of shit you would see with people trading on their own exchange:

Will r0ach continue his bitcoin bashing all the way up to the next couple of all-time highs? How one can be wrong so many times...

bitcoin has solved zero problems whatsoever concerning money.  It doesn't solve byzantine generals, it has no Nash equilibrium, it's full of counter party risk, it's designed to centralize, doesn't scale, not fungible, not a store of value, etc.  Hence it's zero competition to gold and silver in current state.  Bitcoin in current form is literally trash compared to gold and silver.  

It's a linked list with a get rich quick scheme built on top of it, nothing more, nothing less.  Everything about it is completely arbitrary in nature.  It does not isolate any type of problem and solve it in an objective manner. It's a Rube Goldberg machine.

Miners wanted to make it look as if Segwit may not get locked in this period as to accumulate some remaining cheap coins then come back last minute and save the day. This way they are able to obtain cheap coins as well as garner the trust of the community when we face further impasses such as the 2mb HF.

Well done.

The fact that I proved you did sell out st 700 shows that I am right about you.

It's called a pump and dump scam.  They painted a cup and handle that shouldn't exist then screwed with BIP signaling turning it off and on (like bitfury) to try and rig the market then turn it back on and pump trying to attract greater fools to chase their pump.  The only reason to dabble in the bitcoin market at all is to try and extract money from it to turn into physical gold or silver.  It's a completely centralized pump and dump scam at this point.  Not supporting a PoW change is completely idiotic when the centralized mining cartel does stuff like this right in front of your eyes in BOTH LTC + BTC segwit activation.

So I see BIP passed. Interesting, miners kept screwing with it till the wire.