4min chapter

Crypto Critics' Corner cover image

The FDIC, Infinite Insurance, and Moral Hazards (Feat. Rohan Grey)

Crypto Critics' Corner

CHAPTER

The Politics of Silicon Valley Banks

"It is a big systemic failure in how we've designed the banking system. Until we fix that, something like this is going to keep happening," he says. "We have to keep this contradiction in our heads that we're writing financial contracts with the knowledge that it could all be completelyated from scratch."

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