[anm89]

How is this this worse? A few people will go under immediately because they took undue risk but prices will settle to where they need to and the world will move on.

As opposed to embedding that failure into the core of the system to protect a few interests so that the same issues are surfacing 20 years later.

That doesn't seem all that bad.

[theK]

Very correct. Financial failure of a participant must be an intrinsic part of financial systems and currently only the anarcho capitalist plane of cryptocurrencies has that.

While I do not subscribe to the ideals of anarcho capitalism at all this is one feature of crypto culture that I think they got right.