Curious. Is that true? I ask because I read papers on digital cash years before Bitcoin and never saw any reference to financial system instability. It was just "being able to send money digitally like cash would be useful and cool", perhaps with a bit of "banks and western union are bandits with their fees". I always thought the alternative financial system stuff was added later to make the scene more interesting to prepper types.
Included in the coinbase parameter of the genesis block of Bitcoin is the following message:
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
Bitcoin doesn't eliminate the need for bailouts. It doesn't even do lending, at least nobody is crazy enough to borrow something that is going up in value.
I think it's more a point that it's a currency that it is effectively impossible for anyone to change the supply more than it doesn't need to be bailed out.
Well, essentially it seemed to be pointing out that existing financial systems are inherently unstable by design. Whether these alternatives do any better is a different topic, I was merely answering the question above.
Very many things have effects different than the ones motivating their invention.