Genesis Daily

Jul 11, 2019

Look, I get it, the Pomplovian response can be irresistible at times. Who doesn’t hate banks? But Deutsche isn’t Lehman at the start of ’08, nor is this restructuring the start of the firm’s solvency unwind. Deutsche Bank’s decline is a story of systemic organizational failure stemming from decades of failed global leadership, a decline that’s been underway well before it was cool to tout bitcoin as “the single best hedge against the traditional financial infrastructure,” let alone Bitcoin’s genesis block. And if anything, it’s an allegory of what happens to organizations or communities that are too stuck in old ways, and fail to evolve.

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