In this episode, I discuss the ongoing decentralized revolution and the recent banking crisis in the United States. Multiple banks have collapsed, surpassing the 2008 financial crisis. I talk about the trend towards central bank digital currencies and how it eliminates the personalized touch of local banks. The failure of First Republic Bank is a clear example of this centralization. While depositors were protected in the short term, it reinforces the dominance of big banks like JP Morgan. This consolidation has drastically reduced the number of banks in the US over the past 30 years. It's concerning how losses are socialized while profits are privatized.