Plenty of banks went bankrupt or were acquired, so it's not quite true that the government will just bail out failed actors. https://en.wikipedia.org/wiki/List

Plenty of banks went bankrupt or were acquired, so it's not quite true that the government will just bail out failed actors. https://en.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession https://en.wikipedia.org/wiki/List_of_banks_acquired_or_bank... And of course the financial system as a whole is "too big to fail", but that would be true regardless of the implementation. Are you saying that if we switch to crypto then suddenly the financial system failing is OK?