Bitcoin was invented because trust in institutions was broken. Democracy is an institution as much as central banks.
People generalize what they learn. It’s not really something to be confused about.
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You can distrust the existing liberal democracies but to then advocate for authoritarianism is not anti-institutionalism. It is in fact wishing the state had even more power. It’s like, “hey this system isn’t working great, what if we gave it more power and less accountability, that’ll make it all better.”