I didn't realise the feature set of crypto currencies had superceeded that of banking systems.

Banking systems need on average 10-15 years to crumble under the weight of their own corruption. Crypto can do it in 4, which seems like a fairly dramatic improvement in efficiency.

In the case of crypto, you might be confusing crumbling with weeding out. The long lived scams from traditional finance have a shorter shelf life there.

Wait... failing quickly (and more often) is a good thing?? This is the future of finance?

Move fast and break things, indeed.

I'll take long term stability.

At least the customers/depositors in SVB are being made whole. Investors are screwed.

Crypto is pretty much the opposite, just a bunch of rugpulls and missing money, customers screwed

Took me a second, but rofl -- comment of the day (even if I disagree)

Why would it need to?

Titanic…

An unfortunate metaphor. Judging from the first sentence I assume it’s pre-iceberg-Titanic we’re talking about.