I did a little bit of moving in a small position on chain a few weeks ago, and spent more time thinking about execution than the trade.
Not price.
Not direction.
Execution.
I was taken aback with that.
I didn't expect friction in crypto to be mainly based on volatility, but what was fascinating for me is how much lack of coordination is going on behind every basic move. When, what, how, where, who, what if. Only these things are noticed when there are minor issues.
It's at that moment when it finally "clicked.
The fascinating aspect is not speeding up the markets. It is participation that more and more relies on the ability to maneuver around the hidden infrastructure.
For me, it was becoming more aware that there could be a deeper problem than access, and that it might be a confidence problem. Individuals engage in different levels of involvement when systems are predictable.
That's one of the reasons why I began to appreciate the idea behind @GeniusOfficial Terminal. Not for what it does, but for what it does not say.
When it's going more smoothly, who gets in?
What happens if the coordination is improved?
Perhaps markets are defined more by systems and not so much by stories.
