Why would they expect this? It seems like the slowness is the only thing keeping the game from growing legs and walking away from the humans playing it.
Making things faster will be good for some people, bad for others. Not clear if better on the whole.
It’s also probably better to keep it slow to prevent impulse decisions (let me put all of my money into dogecoin, it’s mooning now)
If there were more of a delay, like the maturity rate of whatever bonds, SVB would be fully functional today.
FTX, as long as nobody looked too hard they probably could have lost the few billion they had left while keeping everyone happy.
Bank runs… always blame the customers.
Why would they expect this? It seems like the slowness is the only thing keeping the game from growing legs and walking away from the humans playing it.