The fact that losses of just hundreds of millions dominoed so many companies shows how interlocked and non-robust and leveraged this system was. Though on a per

The fact that losses of just hundreds of millions dominoed so many companies shows how interlocked and non-robust and leveraged this system was. Though on a percentage basis I'm not sure if this was much worse than Long Term Capital Management or the various collapses that happened to cause the Great Recession. So congratulations on recapitulating previous failures of the financial system? Only with 'algorithmic stablecoins'. Entangling everybody and everyone in pursuit of the largest margins. Making dozens of sub-companies to obfuscate who's investing in who (who oftentimes was investing right back in the original who). Build an actual market of goods that people want and then the financial system can follow. You can grow money on trees, but you need actual ground to invest that money in for the production of more trees if you want anything that isn't ultimately Wiley E. Coyote running on air.