> people do not need to rely on a monetary system where a cabal of rich and powerful individuals can arbitrarily modify the money supply without any regard to all the participants in that monetary system.

Is this satire?

Because crypto currencies are not the gleaming example of “free of manipulation” that you think they are. There’s endless cases of whales, exchanges, NFT groups and crypto-celebrities using their capital and power in order to manipulate markets and supply in exactly their favour. The NFT space was especially bad for this. In fact, a lot of those NFT groups are exactly what I’d describe as a “cabal”.