Well argentina's banking system falls apart on a regular basis. There's not going to be any effects beyond it's borders. And nobody in argentina trusted their banking system or peso anyway.

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Agreed.

However, simultaneously “same as it ever was” but also disappointingly tragic.

It’s beautiful to hope that “same as it ever was” can/will morph to “no longer how it used to be.”

True! Yesterday I just rewatched Matt Odell's interview to Dario Senidermanis, argentinian, main dev of Muun wallet. He explained exactly what you said: it's a country where if you have 25 years you got Rugged at least one time by the government, there is No-Trust since time already.

For the ones that has not seen it yet:

https://youtu.be/yA4YCaDpScU