Damus
nostrich profile picture
nostrich
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.
2
Matt · 155w
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.
Simon Drake · 154w
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."