There was no red herring in my question. It was an attempt separate you from your airs of economic theory superiority babbling, and test your belief in your own theory. In plain language, based on conclusions you have drawn, derived from theories you hold to be true.
I don't care WHY you think they're true. That's the red herring. I don't give a crap about the internal gobblety-gook workings of your economic theory pretzel machine, any more than I would care to listen to a geek go on for days about the theory of his perpetual motion machine design.
If what all that you have claimed in this thread is true, then you should have no objections whatsoever to repeal of legal tender laws, and the removal of all barriers to entry for competing currencies. That would be a test, NOT of the efficacy of your theory of money, but rather your belief in that theory - which I don't believe you have. Else I believe you would have, WITHOUT HESITATION and at the very least, that you were neutral to it. At best you would consider it a waste of time and energy, but would respect - EVEN WELCOME IT - as it could finally put your theory to a RIGOROUS TEST. And you could finally shut everyone up - goldbugs, silverbugs, everyone...for good.
That would convince me that you really did have a scientific, and not faith-based pseudoscientific, outlook on your theory of money.
In short, you failed, sir. I cannot be convinced that you believe in your own theories. At least not the way you have presented them. I believe that you support paper currencies, and very much believe in them, but I do not believe for one second that you don't see competition in currencies as a foundational threat thereto.