A parallel comes to mind. The alleged bitcoiners who defend the dollar, stablecoins, and fractional-reserve banking remind me of minarchists. Miguel Anxo Bastos once said, quite rightly, that there were no greater defenders of the State than minarchists.

Satoshi Nakamoto: "Banks must be trusted to hold our money ... but they lend it out in waves of credit bubbles with barely a fraction in reserve". @Alvaro_DMaria, alleged bitcoiner: "Free Banking+Bitcoin” (meaning Fractional Reserve Banking). With friends like Álvaro, Bitcoin doesn't need enemies…

Says @Alvaro_DMaria, an alleged bitcoiner: "Bitcoin is not an alternative to fiat; that's a ridiculous view." With bitcoiners like this, Bitcoin doesn't need enemies.🤡

On Human Action and Praxeology #Bitcoin #Austrian School of Economics

My last comic #Bitcoin #Austrian School of Economics

Why aren't my Zaps working? I want to Zap, I tap, the Zap symbol lights up with the default amount, and nothing else happens...

My last comic #Bitcoin #Austrian School of Economics