Why has doing bailouts been an accepted practice in every national economy on Earth for many thousands of years?
These are economy's are worth $77.609 trillion (estimation based on 2014 figures).
In fact: find me an economy on Earth, which has a publicly stated policy of never doing a bailout?
Your logical fallacies are:
-appeal to popularity
-argument from incredulity
Do you even realize smart contracts are a New Thing, created (like Bitcoin) in response to 1000s of years of moral hazard and tyranny of the majority?