This has nothing to do with libertarianism.
Author is just whining about a scammy hype driven ponzi-esque scheme built on a fraudulent fake “cryptocurrency” and claiming it is libertarianism.
This is a strawman argument.
Author is just whining about a scammy hype driven ponzi-esque scheme built on a fraudulent fake “cryptocurrency” and claiming it is libertarianism.
This is a strawman argument.
But they both will always reach these failed end states because they fundamentally ignore human nature. Libertarianism and Communism are opposite sides of the same coin. Naive belief systems that people idolize that ignore the nature of reality.
In an unchecked system, people with power and wealth will create a system of rules to centralize that power. And the only defense against it is to build a system with built in checks against that unfettered centralization of power.