LynAlden on Nostr: The majority of traders, and overseers of the broader financial layer in general, ...
The majority of traders, and overseers of the broader financial layer in general, don't care too much about underlying fundamentals. Instead, they focus on market structure and want to trade digital pieces of paper within a multi-week window.
As such, many of them look at "blockchain technology" and ask "how can this improve trading settlement times from three days to a few hours?" That's why a lot of Wall St people are into "crypto". They view it as a better set of procedures for fiat settlement.
Very few are interested in changing the underlying money. Few know what money is. This remains a niche focus, of which I'm all in.
As such, many of them look at "blockchain technology" and ask "how can this improve trading settlement times from three days to a few hours?" That's why a lot of Wall St people are into "crypto". They view it as a better set of procedures for fiat settlement.
Very few are interested in changing the underlying money. Few know what money is. This remains a niche focus, of which I'm all in.