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.

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Please follow me Lyn. I’m a huge fan.

Sorry for OT, but Oh shit Lyns here.

Spot on

lightning got near instant settlement so this traders should be all in on that one right?

Technically it’s not settled until on chain transaction is done.

yeah, but you can spend the sats instanly after you received them.

Yet the problem besides the hype is that bitcoin by itself doesn’t really create any value on its own, making it quite a pyramid without binary intelligence actually creating the value, as the purpose of an immutable storage that blockchain is as function, but what have you.

◀◀◀ All value is subjective!

Actually, value is contextual, since sentimental value is as well value, but in an economic context, as construct, cryptocurrencies by itself doesn’t really solve the problem with inflation since not really creating any interstice value which is a demand to ensure consumerism to be justified for consumerism not to drive inflation when failing to meet the market demands as a function, making it a digital fiat and quite speculative to get in when someone cashed out, and cashing out when someone buys in type of deal, not much different than Wall Street.

there is no such thing as intrinsic value

Of course there is.

Binary intelligence revenues time to intelligence which does generate the much needed value by consuming intelligence, which solves both the value and consumerisms need rendering a productivism as an economic model.

dont get it

Don’t get what? This?

Spanky? Packed up draws kinda dead when the logic fails to serve the purpose, wouldn’t you think?

you win!

Not a matter of winning or losing is it, but understanding and learning how to solve the problems of the functions we subscribe to, like money as a function.

There is always the rape and piling manners to get back to otherwise.

It solves the problem of those who opt in to use it. It is an open system not a closed system.

Like anything else.

where is your solution?

How do you mean where?

🤔

😂

Does not compute. Sleep mode activating. Powering down. Beep boop bop

😄

◀◀◀ you sound like a chatGPT

Also a great way, although the pitfall there is like spoken coin, depends on people’s interaction, rather than time as commodity to serve people.

The value is determined by the market, and being a global free market is actually is priced correctly by free market participants.

Right, as speculative as Wall Street with the pitfall that cryptos such as Bitcoin aren’t creating any corporate or industrial as Wall Street does, making it even more speculative and market dependent.

there is bitcoin and thats it.

its money because people agree on it.

if you dont agree just move on.

your agreement is not needed.

What’s that? Unable to conduct a logical discussion so move along so that the spanky doesn’t get offended?

How much is 10 trillion Zimbabwe dollars worth?

https://www.thehealthyjournal.com/faq/how-much-is-10-trillion-zimbabwe-dollars-worth

What value do dollars create on their own?

Used to be gold, but it’s not the dollar per say that’s the pitfall, but consumerism, as to make the dollar hold its value we must consume more and more, and when we can’t consume more, war sets as a catalyst.

Binary Intelligence solves that pitfall through making value of time by time to intelligence revenue, and since the commodity is time, doesn’t require rocket surgeons to understand the difference.

Time is money, right? And binary intelligence makes that a fact.

with binary intelligence you mean chatGPT

I think that’s who you’re talking to.

No, I don’t think so really.

No, that would be thieving since #mainvolume has not licensed it’s binary intelligence to anyone for that purpose rendering a false causality.

You don’t see any problem with a cartel determining the amount of dollars in circulation and debasement?

How do you mean when it’s the “cartel” paying to ensure man man over machine hierarchy for fake news and other nonsense not to set in, the cost is not monetary but rather men honoring that putting ink to paper to make consensus since creative origin of causality matters for general dynamic not to cause harm.

When how come all wars are funded by monetary debasement if they want to “not cause harm”? 🧐

Tell me, didn’t you just try to pass chat as binary Intelligent?

See the problem?

“What people call #AI is no more than using correlation to find answers to questions we know to ask. Real #AI has awareness of causality, leading to answering questions we haven't dreamed of yet.” - Tom Golway

AI is just a bunch of algos and if then statements. Not even machine learning. Far cry from AI. As with everything else, terms get co-opted and redefined. Just like “crypto”…

While #maimvolume’s binary intelligence is not trained, as it decodes and modulates causality itself, which is a different kind of intelligence than artificial.

#AI

That’s Apple Intelligence, right?

😄

Say no to artificial.

🍎

Get bragging rights as a gift.

Bitcoin is time.

No it’s not, it’s just an immutable function as a proof of concept to create an economic foundation for my #nft business, as blockchain is where the true profit comes in, considering serving the need of immutable binary data storage.

Blockchain is not the innovation nor is it necessary to store jpegs.

While does make the legal requirements for #mainvolume’s binary data to be used as economic consumed commodity as any economic transaction would.

By law we must store the receipts even for toilet paper, and the immutable nature as well serves the verification purposes possible.

Sure. That’s a small singular innovation on data storage.

It’s only one aspect of the complete paradigm shift that was introduced with the introduction of Bitcoin.

Are we questioning #mainvolume’s marketing skills now?

See the point here is to serve life, not greed my friend.

🍎

Bite?

A permission-less, immutable, censorship resistant, confiscation resistant, easily transportable, persistent store of value/time serves life better than anything else in the modern world.

Yet regarding binary intelligence, not a question of permission but responsibilities when temporal modulation is a feature.

But hey, have greed going permission-less and question them massacres, plages and wars when feeding false cored temporal causalities to justify false cored social constructs, nothing easy about it when human error puts a man in a jar.

iOS wise, indeed, while the natural and initial resistant stand point reflects the sentiment would such permission-less exploitation of users time which is perhaps even worse than exploitation of users spoken transcription revenue, while conscious awareness of their apex choice makes the type of impact that the wheel has when temporal orientation becomes tribalism for Eddie to be a silent partner, for good.

Blockchain is fantastic for any context that requires immutability.

Instant payment.

Settlement is aggregated.

As a former employee of a firm that knows and care about market micro-structure, I think this is fine. To be it just means bitcoin has got a little something for everything. Also, settlement could use some improvements.

s/To be/To me/

They're just following the standard transition from one type of thinking to another that we all have gone through.

Patience and education is all that's needed

Wow, never thought about that. I am an investor / trader, but deeply in my heart i just want to save my income. i hope bitcoin fixes money.

All in!

Appreciate your perspective.

Keep the analysis 🧐 coming!

🤙

Yep. The difference between interest from wall st types and everywhere else is drastic. There’s a reason why eth is so big here. Btc is the game changer however

This is spot on. However I suspect the way crypto will reach the masses will map this phenomenon. Unless they will be forcefully enforced, and I suspect they can’t really do that, CBDCs are bound to fail. LN will be the middle layer that facilitates settlements on the fiat one. The idea of a blockchain is way too complex to be fully embraced only by virtue of face value by the average person that has already issues comprehending what the SWIFT system is, or how Visa and Mastercard work.

Glad you're all in with us 🤝 💜

“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money?"

The answer for 99% is no.

#[0]

⚡🧡

It is a pleasure following you and your brilliant mind on here 🙌

Bitcoin is the answer to a question most people have never asked or even considered. If we reach mass adoption many will still not know or question it, they will just use it.

Remember when so many people thought AOL was just like the internet? We have 20k AOLs in the space…

Forest through the trees 🌲

few…

Most people can’t think in paradigm shifts, especially when their profession and “expertise” is at risk of obsolescence.

Most are far more comfortable with small iterative innovations on one lever at a time.

Money is a mysterious human hypersocial coordination capacity, as deep as language itself. Even Bitcoin has only scratched the surface of it so far.

Hopefully this is how it starts. Then over time, they will come to realize that lightning and bitcoin is the superior medium.

How long does it take to change? Monetary policy of the last decade should awaken many 🤔

All in 🙌

100%, and a big reason why they don’t is because they have no need to „look under the hood“, because they don’t realize that the car is broken. Very different story in countries with hyperinflation, repressive regimes, or for immigrants sending remittances.

A big driver comes from the large spreads seen in crypto markets. They are now liquid enough to hold hundreds of million for a market neutral trading firm and they can get 5-15% annually on spreads instead of say 2% in traditional markets.

We’ll see these spreads close as more Wall St money enters.

Your post is getting a lot of comments.

Added to the https://member.cash/hot feed

Good distinction:

crypto = incremental improvements to the system

Bitcoin = disruption of the system

Exactly what we’ve seen as investors in Axoni. Everyone is interested in efficiency gains. However no one has an incentive to create something that disrupts their core profit engines. Despite that, it’s a start and still net positive.

If you ever want a window into how totally ngmi the finance profession is, just take a look at LinkedIn.

They're still in the Tether fud + bitcoin is a Ponzi + "price fixing" phase of ignorance. The level of ignorance and ineptitude is really something.

How can you tell bond normies and money managers they are fucking retarded and incompetent without telling them they are fucking retarded and incompetent?

Yeah…crypto is a marginal improvement on fiat. Bitcoin is a different specie.

100% 🫡

This reminds me of the Croesus_BTC/Jessie Myers article about the yuppie elite dismissing Bitcoin. They have an inherent trust of the system. They don't even question it, and believe on some level that it can work.

Won't recognize it until the last bricks are crashing around them.

Thinking from purely from trading perspective what is the incentive for them to care about underlying money?

Some bankers are also talking about how ToKeNiZaTiOn can automate their balance sheet reconciliation. They just want to keep doing their fiat thing.

As a person in the finance industry faster settlement times would eliminate half the problems we have. Although I do fear it’s how the CBDC get their foot in the door.

Totally agree. As someone who works for a custody company in NY - it is very obvious most exec leadership are not really dialed into decentralization and open source money.

Ya mon

Sadly Crypto mania is a repeat of other manias. I like the tech behind Blockchain but implementing it in any business I build is fraught with the fear of "What if the regulators come knocking and I am swept up with all the Snake Oil Salesmen."

It's kind of cool that uneducated/uninformed takes like this stick out like a sore thumb on nostr 😂 I haven't heard the line "the tech behind Blockchain" in a few years 😂

People who drill down to first principles will alway have an advantage, whether that is engineering, software, or in this case Money. Bitcoin is a first principles foundation, enegineered ideal money.