"Pointless" only matters if it is "a lot" and "a lot" is relative. It seems like it has not been possible to resolve the question of whether the effort is neces

"Pointless" only matters if it is "a lot" and "a lot" is relative. It seems like it has not been possible to resolve the question of whether the effort is necessary. If you suggest that existing monetary systems have orders of magnitude lower overhead, particularly fiat money, then people will argue that all sorts of costs are hidden. But I don't believe it makes up the difference, and I attribute peoples' willingness to believe it to the assumption/belief that anything that virally spreads cannot be drastically worse (in some dimension).