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Replying to Avatar Lyn Alden

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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Kevin 2y ago

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.

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