Their understanding is attrocious.

- Throwing RT MTM around, without realizing that RT MTM means full reserved banking

- Not knowing that trying to do full reserved banking has been tried many times and rejected many times by regulators

- Friedberg’s communist idea of increasing taxes for the rich, without realizing that will go into a tax base death spiral

Everything that most Bitcoiner understand very well, while they openly mock Bitcoiners regularly, and embarrass themselves with such conviction that’s both cringe and a sight to behold at the same time.