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> Usually it's the government bailing out financial companies?

Looks like crypto is crossing through free banking into late 19th [1] / early 20th century [2].

Hah, yeah.

Can't remember where, but I read some comment that said:

"The crypto community's re-inventing modern banking, repeating every mistake along the way, and learning all the same lessons".

The description I subscribe to is that the crypto community is doing a completionist speedrun of 19th/20th century banking.

In 6 years they’ve done the first 40 years of fuckups. By 2032 we’ll be doing totally new sorts of banking.