Ok... I can go a heck of a lot deeper here and have access to a ton more information but I don't know where you are at and I don't want to sit here for 6 hours sending you shit that is pointless and a waste of you time. Ill start with some simple statements here and you respond from there with questions. What is your level of understanding about blockchains? Would you consider yourself a DEFI DEGEN? Do you know what a UXTO is? Do you know what gas is? What is your level of understanding of banking? Do you know what backs the dollar? Is your bank account guaranteed by the FDIC? Could a "bank" in the US actually go down? What I am getting at here is this... Ofcourse not! Nothing at all known by man or beast can take down a fractional reserve bank backed by a money printer. Impossible. Now the VALUE can fall precipitously but dirty paper with a number on it can spew forth to infinite and beyond. Now.. What would really happen? the FED would powerfully constrain money printing causing ALL banks using dollars to collapse disastrously just like they did in 1929... and keep it constrained for a decade... all the while pointing the finger at bitcoin and blockchain assets as the real problem. In this situation The entire world would zerg-swarm all of the crypto-bros since everyone is stupid as fuck and can't understand what Im typing here... So in that case then YES, the banks collapsed because of FTX and their depositors were destroyed. The reason was because the banks desired to collapse as opposed to being forced to collapse. Does that make sense? There is no such thing as a banking collapse in a fiat central banking system, only a value-loss in the trash they spew. Glances at FTX... SOUND FAMILIAR!!! Thing about FTX though is this. They were operating a fractional reserve fiat system that was fundamentally backed by a HARD ASSET.. BTC. Guess what the FED was doing from 1911 through to 1929? The Fed was operating a fractional reserve fiat system that was fundamentally backed by a HARD ASSET. GOLD. Feel free to ask questions and take all the time you need. Tl;Dr The banks will probably collapse and wipe depositors but it has nothing at all to do with blockchain. It will be BLAMED on blockchain and used to regulate blockchain out of existence thus re-enslaving lazy faggots like yourself who have been living through a world-changing economic event for the last 10 years and haven't taken a few HOURS in the last 10 YEARS to learn anything at all about it. Bitcoiners will kick back... laugh, tick tock next block themselves into financial paradise. DefiDegens will win and lose in vastly more volatile ways. Anyone who does not get on board with blockchains will be forced 100% into Chinese-style CBDC systems and will be enslaved. In 20 years they will be the ones who mop the floors with their little mask on while their lords fly around in jets. There will be a subset of people who are hard-asset guys. they will be land and metal and oil and commodities guys. They will also do very well long term but their lack of asset mobility will leave them as sub-soverigns who will be forced to use the fully liquid currency regimes of the real controllers. Iron-ricebowl types (government retirees and wellfare nigresses and such) will be completely and throughly enslaved in this system. They will fare the worst out of all because they will have to absolutely do what they are told to keep their gibs no matter what it is forever.