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drew
5490af122502c62ba009e8502853ad11c318d5760e0b3218f9457ff2d4710677
bitcoin former @krakenfx @deutschebank treasury, global markets, and cash management

a bitcoin cognitive dissonance:

when you need to buy it you want the price to go down and you bought it because the price went up

optimistic on what nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp0qqsz4uq7p44arw0mh83agv2h6ezep7e8mnau403g0p99svhp00hms7c8stxdn Rails model could become at scale

a type of prefunded shared liquidity usage from actual economic activity, not based on derivatives or structured debt products that create synthetic yield

Bitcoin itself is a built in Treasury Management System that is truly differentiated from these so called Bitcoin Treasury Companies

New York, I love you, but you’re bringing me down…

wow individual fund and redeem directly (?)

why under the board? no amount laminate will protect against a board slides

I used a QR on the grip side from a open dime previously or stencil can look pretty dope with just the address itself

thought provoking piece, I think a new parallel gross and net settlement network will form with main chain lightning, ecash and hopefully a temporary bridge with fiat through atomic swaps as theorized

with regard to VISA and other card networks its important to note these entities take on enormous risk of consumer charge back protections justifying some costs however in my experience with the interchange fees they are exorbitant to pass onto consumers and represent real need for improvement in the system, lightning and ecash pro probably contain a more elegant and cheaper solution

most global capital flows in trade, FDI, securities settlement, payroll etc still operate on central bank clearing, cross boarder and local paymen systems. We need to reimagine ways to bring these high value (non-consumer) flows into Bitcoin settlement systems

stable coins have had one critical function though at least historically - arbitraging the Bitcoin price between exchanges globally, avoiding SWIFT rails

this concept of "sable balances" is an interesting fait-less way of handling settlement too and could been round about way avoiding the banking cartels

this is possible but more global enterprise flows need to be redirected through the lightning network. These flows are completely dominated by money center banks and thier correspondent banking monopolies but cost savings might be there if you can create a solution that route around it completely or replaces some critical part of it such as the message passing systems like SWIFT

a start might be niche small business supplier finance type flows where supplier and buyer-producer can continuously update their side of the channel based on agreed terms. there's always this float stuck in the. existing banking rails

another area of large global capital flow is foreign direct investment

idle capital from side lined bitcoin just sitting around in cold storage could be could be utilized as a pose to bank lenders in the middle. requires a deep reimagining the current structure

the efficiency gained from the overall netting effect of pay joins should be emphasized more so than privacy. Privacy is direct byproduct but waving that banner exclusively just draws to much attention before it can proliferate especially at exchanges that struggle with regulatory nonsense