This is true but remember what I said? Bitcoin punishes the dishonest. I dare them to run fractional reserves. FAFO.
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They ran of factional reserves on Monero. You know how that turned out?
Bitcoiners were starting to ridicule Monero for its subpar price performance, when basically any worthless shitcoin started to seem outperforming Monero throughout the fractional reserve era.
Monero is past that episode with all major exchanges having it delisted. Bitcoiners are not ready for what will happen, when a real outside the system money captures value, while Bitcoin gets fractionally reserved by the banks.
Enjoy your NGU tech with all the masses that never are supposed to make money by the system design.