Sure, Bitfinex probably does it all the time.

The US does not have the 20% silver VAT tax like the United Cuckdom and other Euro cuck countries.  In the US, the law states that a dollar is required to be 371 grains of silver and the coinage act of 1792 states the punishment for debasing or manipulating the currency is death.  You can extrapolate from these facts that things like loans originating from fractional reserve, debt based fiat does not involve silver or gold anywhere in the process, so the debt is entirely odious with no liability for anyone to pay it and necessary to be wiped out.

Nice attempt at derailment, but your argument did nothing to address the fact that there's only two parties in a peer to peer physical metals transaction while bitcoin has 3 or more due to having built-in, rent seeking middlemen (transaction validators).  Your lists of 'ifs' and 'buts' are completely unrelated, extraneous, irrelevant to the topic.

Well, it was a nice try, higher than normal 80 IQ Micgoosen's posts, but sadly an off-chain transaction does not count because the other party has no way to verify that only he has the private key and will not be double spent, so no real settlement has actually taken place.

It doesn't have the attributes to qualify as money.  It's a currency.  Asset typically refers to things like resources, property/land, a cow, a car, etc.  Bitcoin is not a resource, and it's not a house or land or anything similar.  It does not exist in the real world so it does not fit the classification of asset.  It's just a currency and nothing more.  Why are you trying to confuse people with bullshit?

^Whatever spread you convert fiat dollars to metals with has absolutely zero to do with what I just typed.  Why would you have fiat dollars in the first place?  You're trying to pretend it's somehow a requirement that everyone on earth must willingly subjugate themselves to the debt based, Jewish fiat Ponzi scam.  If you did not, there would be no conversion fee in the first place...because you would already be using metals.  If you did fall for the Jewish fiat scam, then yes, you will probably need to convert over with a one time fee.

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

It doesn't matter how fucking stupid you are, or how much bitcoin propaganda and cultist koolaid you have drank from people like Andreas Antonoplous, you cannot even fool a 10 year old with your lies and claim there are only two parties involved in that bitcoin transaction.  There's technically not just three people, but even more than three in the bitcoin transaction because it requires nodes behaving in a manner conducive to your wants and such as well.  So the lower bound of people involved in a bitcoin transaction is three, but the upper bound is much higher, aka bitcoin has a metric fuck ton of counterparty risk and middlemen while metals don't.

What is the purpose of bitcoin if transaction fees went to $1000?  It's mostly a fucking interbank settlement tool and that's it.  The banks would also get rid of it and use their own proprietary settlement tool or token as well.  You have to keep in mind that unlike a bank to peon citizen transaction, in interbank settlement they are NOT attempting to rip each other off (usually), so each party would demand an actual real payment and they would use physical metals for settlement like they always do.  The other side wouldn't want or accept an imaginary, valueless, digital token as collateral for anything.

Years ago, before the small vs large blocks debate, I did the research myself to try and determine how large of blocks bitcoin would need to function as a global payment system.  My number was needing around 8 MB blocks for transactions of something like $10k+ to viable.  So, no, it is not *easy* to use solely the base bitcoin protocol and avoid off-chain transactions and 3rd parties.  You should have seen Anonymint's estimates for just how high transaction fees could go, they were astronomical.  Some of the estimates assumed miners colluding, but even the ones with no collusion were LOL insane.

This is a standard 80 IQ bitcoin user argument.  Bitcoin is not a censorship free system.  Transaction validators are designed to centralize, and govts can and will force those centralized, enormous miner buildings to practice AML/KYC. Bitcoin's current value is based solely around regulatory arbitrage, but it's not a viable longterm position because it's far too easy for the govt to stop it.  You have no valid argument because regulatory arbitrage IS NOT a viable property of a centralized, non-fungible, tracking system (blockchain) that abolishes the 5th amendment.

At face value, you can argue that there are 'choke points' for bringing new metals into the system parties can attempt to monopolize, but I would say no matter how you look at it, the monopolization is less than that of bitcoin mining for numerous reasons.  For instance, where a river or stream dumps into another body of water is supposedly good for trying to find gold, and such a place can be hand mined by pan while spending zero gasoline.  

In an actual physical metals based economy, the price of diesel, which makes up a large amount of the corporation's cost of production for metals, would be priced in gold and silver instead of fiat dollars.  The corporation cannot misallocate capital by spending valueless fiat to pull new metals out of the ground in an inefficient way.  They would need to spend less gold and silver on gas than they're using to get it out of the ground.  As you can see, the corporation doesn't have vastly superior economy of scale over a human powered, pan miner of gold at a river making the little guy's effort completely pointless.

This is the exact opposite in bitcoin.  The corporation's economy of scale makes the little guy's effort at mining generally always pointless, and thus far more centralizing.

Realistically, in order for the govt to not completely control every aspect of bitcoin and turn it into their cashless society slavery system, you would need more transaction validators than are reasonable to prosecute them all.  Like in the base bitcoin system, there are VERY FEW mega miners and it's extremely easy for the govt to jail these people, force them to implement AML/KYC, force them to implement govt specified protocol changes, etc.

There's less overhead to create a Lightning node, so there can be more of them than the base bitcoin transaction validators, but LN is lower in the hierarchy so the weakest link of having only a few mega miners takes precedent. Even if it didn't take precedent, Lightning is also designed to centralize under a few mega hubs anyway for optimal pathing.  You're screwed in different ways no matter what path you take.  This is why I repeat myself over and over that there's no viable solutions to ANYTHING in cryptocurrency and we should be using physical metals instead.

I already answered that.  Lightning nodes are NOT invisible.  Nor are football stadium sized mining facilities.  If you think a professional money laundering enterprise - that's what freelance lightning nodes will be known by to the govt -  are somehow immune to govt regulation when they can easily come knock on your door, you're out of your mind:

Another funny aspect of bitcoin is people believing a deflationary currency somehow screws the tyrannical government.  What is an inflationary currency in reality?  Mostly just a hidden, flat tax on everyone.  Instead of the out of control govt spending too much and debasing the currency to finance it, they will simply raise taxes instead and keep on spending the same amount.  

And how are you going to stop them?  You're using a non-fungible, Orwellian tracking token that abolishes the 5th amendment and allows them to do IRS audits 24 hours a day, 365 days a week.  It's an even greater tool of govt extraction and slavery than the one that already exists.  Using digital money and abolishing cash or physical money (metals) is exactly what they want you to do to make their job of enslaving you and extracting your money easier.

To make things even more stupid, imagine people owning a bunch of shitcoins in the future and losing the private keys.  The govt then comes for their "wealth tax" and even though you're completely unable to pay it due to losing your keys, they don't believe you and send you to jail anyway.  Even better, imagine them doing that to people who used to own like 1000 bitcoins and sold them for a dollar each and then have to prove they don't own them anymore or go to jail.  This is why you do NOT use non-fungible tracking system coins.

Of course, I already said long ago this is the only real possible endgame outcome of Lightning network.  You cannot trust ANYONE shilling for Lightning network and should treat them as the enemy.  Bitcoin centralization is  bad enough, but Lightning is a blueprint of everything the bankers would love to happen.  I did not make the decision lightly that all digital currencies are garbage and we should be using only physical metals as money instead.

Can YOU create a fucking branch bank right now?  NO.  You need massive capital, lawyers, govt connections, and everything else.  All of the same rules will apply to Lightning nodes, just NOT DAY ONE.  Stop playing dumb.  Those regulations and red tape (AML/KYC) will lock out any wildcat nodes and the only ones will be run by people like Bank of America and Goldman Sachs.  

Anything that has an easily identifiable physical or digital surface attack vector will be enveloped by the current system.  Claiming you're going to run a wildcat Lightning node is like claiming you're going to be some type freelance illegal porn distributor and the FBI is not going to kick in your door.  If you're capable of putting 1+1 together, shilling for Lightning is like shilling directly for Goldman Sachs.

Stupid example.  It's like claiming since you can't freely move your house at the speed of light to Mars, a house has no value.  Humans, and everything of value that exists in the real world, are governed by the laws of physics. Imaginary things of no value aka digital timestamps, are not.  Doing anything in the real world requires both time and energy.  

Even bitcoin itself utilizes both time and energy, but it's to create an end product that's completely imaginary in nature.  You're expending much of the same resources of transferring gold, but accomplishing no real world result - entirely sunk cost fallacy.

You miss the point it does nothing to fix the current monetary system.  The fact bitcoin is designed around having built-in, rent seeking middlemen who you need to ask permission from to move the coins you supposedly own, and then need to pay a ransom extortion fee to, should be a red flag to any non-idiot that bitcoin at it's core does really nothing to alter the evil banking system that currently exists.  The variable of fixed money supply in bitcoin vs infinite fiat supply is pretty much a giant red herring to distract people in this regard.

The real issue at hand isn't the variable of supply, but the ability of people to insert themselves into the middleman position and siphon off wealth while doing virtually nothing, collecting infinite interest, and ownining the entire planet in the process.  The banks do this in their current business model, and both bitcoin and the lightning network are designed the same way.  So nothing really changes in the end.

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin and the current banking system do.  If I attempt to spend a bitcoin, I am involuntarily making someone else rich in the process - the designed to centralize, built-in middlemen mining monopoly or lightning node monopoly.  If I attempt to spend a gold, silver, or copper coin, NOBODY else is profiting off my transaction and sucking up all wealth in the universe in the process.

You people are clueless if you think all Lightning nodes that route transactions won't be run and controlled by the banking entitites that already exist.  They can simply make it that way with the stroke of a pen.  Banks are not traditionally in the semiconductor business, so that has slowed their ascent of taking control of bitcoin mining, but Lightning doesn't require mining.  It's the playground of their already existing business model, to just insert themselves in as middlemen by regulation with the following result:

Banks collect infinite interest by taking a cut of every transaction with no skin in the game and own the planet.

You are the last person on earth (besides JayJuanGee) qualified to determine whether Lightning Network is a scam or not.  It does not matter how you attempt to spin it, Lightning Network is an exact replica of the current banking system that already exists with all of the same negatives.  It would be the banker's greatest dream for everyone to use Lightning Network.  

There's too much to explain about why it's complete garbage, but just one example in particular involves transaction validator nodes.  In the base bitcoin model this is going to be the miners and the miners are required to compete in terms of economic soundness and efficiency in their operation.  Since the state is the bankers, they can then implement huge red tape and regulation, killing off any 'hobby' miners or really any competitors in general except themselves.

So it's pretty easy for the banks to completely control bitcoin already as is with blacklists and everything else, turning into a complete dystopia, but they do have at least some small inconveniences in their way.  With Lightning Network, there IS NO hashing for them to do, they can simply regulate everyone else out of existence with red tape, then they control ALL Lightning router nodes and collect their vampiric usury fees off every transaction with no skin in the game.  In other words, there's ZERO difference between that and current banking.  Banks collect infinite interest by taking a cut of every transaction with no skin in the game and own the planet.