The Speed of Transactions vs the Speed of Settlements - (an article) By Lyn Alden
TL;DR: Chapter 8 of Lyn Alden's new book is available as an article here. It explains how technology sped up banking, but destroyed the gold standard.
Hey Bitcoiners,
Here’s a chapter from Lyn Alden’s brand new book called “Broken Money.” This is an amazing read detailing the history of the development of modern banking and why, despite being softer money than gold, fiat money has replaced the gold standard everywhere in the world.
There’s also a link at the top to get a free pdf of this and another chapter which covers the whole history of central banking in the United States — also an excellent read.
Enjoy!
Tick tock next block,
Cory Klippsten
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Humanity needed to discover what is the best form of money.
Job of the Day
Manager of Business Planning & Strategy — US Bitcoin Corp
Employment Type: Exempt Full-Time
Team: Corporate Development
Locations: Remote, Miami, FL
ABOUT US BITCOIN CORP
Imagine the ultimate destination for those who want to work at the cutting edge of technology, energy, and infrastructure. An industry leader in bitcoin mining, US Bitcoin Corp (USBTC) builds and operates some of the world’s largest data centers for next-generation computing workloads. We are proud to offer interesting and challenging opportunities for individuals who want to build teams, solve problems, and make an impact from day one. If you’re an ambitious individual looking for a career that is as rewarding as it is challenging, you’ve come to the right place.
ABOUT THE ROLE
As a Manager of Business Planning and Strategy, you will work with the Corporate Development team to help in various projects such as acquisitions, site development, contract negotiations, and project management as well as drive the strategy for the company.
Some of the key responsibilities you should expect are the following:
Strategy: Develop actionable strategies that can drive profitability and growth
Contract Negotiation and Fulfillment: Collaborate with the Corporate Development team to negotiate and fulfill contracts with clients and partners, ensuring compliance with business requirements and contractual obligations
Asset Optimization: Analyze existing assets and propose strategies to optimize their performance and enhance overall efficiency
Data Analysis: Gather, organize, and analyze data from various sources to identify trends, patterns, and opportunities for business improvement
Financial Excel Models: Develop and maintain financial models in Excel to support decision-making processes and financial planning
Custom Financial Models: Build specialized financial models to analyze specific business scenarios or investment opportunities
Management Presentations: Create informative and visually appealing charts, graphs, and presentations to convey key insights and performance reports to management and stakeholders
New Contract Input: Offer valuable input and analysis during new contract negotiations to ensure favorable terms and optimal outcomes for the company
Moderate Travel: Be prepared to travel up to 30% of the time for client meetings, partner engagements, or industry events
ABOUT YOU
Strong analytical skills with proficiency in data analysis and financial modeling
Expertise in Microsoft Excel and other data analysis tools
Excellent presentation skills, with the ability to communicate complex information clearly and effectively
Detail-oriented with a high level of accuracy in data handling and analysis
Ability to work independently and collaboratively within a team environment
Strong organizational and time management skills to handle multiple tasks and meet deadlines
Previous experience in crypto ecosystem, finance, sales, trading, or a related field
Previous client-facing experience
Previous experience and/or knowledge with Cryptocurrency is a plus
Bachelor's degree in Business, Finance, Economics, or a related field and 3+ years of related work experience or an equivalent combination of education and experience
ABOUT THE WORK ENVIRONMENT
This role is remote or in office at our corporate headquarters in the Brickell area of Miami, Florida. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
WHAT MAKES USBTC A GREAT PLACE TO WORK
USBTC offers a benefits and wellness program that includes medical, dental, vision, life, and short-term and long-term disability insurance, as well as unlimited paid time off.
We are proud to invest in building the best team in the industry. At all levels of the organization, we are driven by an entrepreneurial spirit, radical transparency, and relentless growth mentality.
At USBTC, you will have the opportunity to:
Work with bright, driven peers from a range of educational and professional backgrounds including software development, energy, engineering, entrepreneurship, investment banking, private equity, and management consulting
Design and pitch new products, services, and other initiatives to a leadership team consisting of serial entrepreneurs and seasoned executives and backed by a board of directors consisting of industry veterans of energy, finance, and government
Debate ideas and alternatives in a truly meritocratic setting where the learning curve is steep and the lessons come from both senior and junior members of the team
Build a lifelong network of friends and professional connections at the cutting-edge intersection of technology, energy, and infrastructure
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
Event of the Day
Pacific Bitcoin — By Swan Bitcoin
The Barker Hangar
Santa Monica, CA
October 5 & 6, 2023
Watch this 90 second reel from last year’s event to get in the mood. Then save 21% with the code DAILY.
Not going to be in town? Check out all the events and locations at bitcoinerevents.com.
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