In the U.S., banks do loan money out and they can loan more money when, *all else being equal* (key statement), they have more deposits.
Just because a bank’s reserve requirement is a very low fraction of the total doesn’t mean their reserve requirement is literally zero. **They do have an ‘ample reserve’ requirement still, even if that reserve requirement is not a % of deposits.**
I hate to say it, but your thesis is a myth.
Can you also define what you mean when you say money is created “out of thin air” in a context where you almost imply banks are free to just change their ledgers at will? That certainly is not true, so I’m curious what you mean by that statement.
FWIW, Bitcoin is awesome. I’m about as close to a maxi as you can get without actually being one. That doesn’t mean I’m going to accept incorrect statements about how banks work.
But here is something that *is* true: When banks takes your deposits and only have a small fractional reserve requirement, they can loan out a lot of that $, but after it gets spent (usually loans are taken out to make purchases), a lot of it gets deposited back into the banking system, increasing their reserves above the minimum requirement and so they then can loan that out, and the cycle keeps going on and on for many iterations.
Of course this is overly simplistic and banks offer a wide range of financial services, not just taking deposits and providing loans, but it’s closer to reality than some nonsense a random Reddit user posts as a meme or slogan.