[PycptN2MH]

(1) Not trust is bad, but how much trust and in whom and for what.

(2) Not inflation is bad, but trusting others to choose the value of your money.

(3) Cryptocurrency exchanges are not Bitcoin - just as a Stock Exchange is not a $100 dollar bill.

(4) Not fractional reserve lending is bad; but trusting good behaviour and recovering after bad behaviour has caused harm.

(5) This argument works for all private property not held by a trusted third-party.

(6) Micropayments are more likely to be used for resource management between machines.