A good reminder on how finance still works today… the Central Bank of Netherlands just spent months moving $11B in gold from New York to London. ~70% of it never actually left the ground. It was sold in NYC and repurchased in London. This reminded me of a story from 2013 – Germany took four years (!!) to move 674 tons of gold, worth $36 billion from vaults in Paris and New York. In the 10+ years between those two stories, crypto went from a $1.5B experiment to a $2.7T asset class + financial infrastructure with real liquidity behind it. What didn't change: central banks (and a lot of the world frankly) still moving value the way they did in the 1940s. Meanwhile self-driving cars are navigating city traffic, AI has transformed how we work, Starlink gives you internet access from just about anywhere in the world. But the best way to move value isn’t to actually move it? It’s confounding… This an ideal use case for crypto - storing and then moving value instantly, securely, around the world, at little to no cost. How are people still fighting this?! https://www.bloomberg.com/news/articles/2013-01-16/bundesbank-to-repatriate-674-tons-of-gold-to-germany-by-2020(Brad Garlinghouse)