It is no coincidence bitcoin was created right after all the “to big to fail” banks all went down over a decade ago.
There is no trust left in tradition finance and governments who are the most irresponsible money managers in existence.
When you loan out money you don’t have that’s as bad as the average person putting everything on credit bc they can’t afford it. Without collateral and backing of assets everyone who holds money in a bank just has IOUs from that bank.
With defi you control your assets, you own the actual keys, there is no one entity that can fail and make you go bankrupt.
30+ trillion is debt is all that needs to be said. How can you trust a financial system built on IOUs with no responsibility? We need bitcoin and hopefully events such as SVB open more peoples eyes to it
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