This is the real cause of the severity and longevity of the 2007 crash. Rather than figuring out how to compensate for central currency’s extractive bias, a highly digital finance industry chose to exploit it. The digital perspective that allows us to see money as an operating system doesn’t necessarily motivate people to revise the core code so that it serves people better. That would be a pretty heavy lift, even for the most idealistic among us. So instead, bankers and financiers sought to leverage the structural flaws of the money system for their own gain.
this metaphor is getting a little old by this point, but still worth remembering
instead of refactoring codebase ... think about who the players are in this analogy. in a communal software system, who has the ability to refactor? who has the ability (and incentive) to exploit flaws? it's almost a tragedy of the commons-type scenario