the middle. This is where SIGN stands.
So it never intended to benchmark SWIFT from the very beginning. SWIFT is a system within the order, and to replace it, one must choose sides. SIGN chose another path: not to replace, but specifically to fill the gray areas that SWIFT does not cover or is unwilling to cover.
Looking at it from the narrative of the Middle East will make it clearer. What the Middle East has been doing in recent years is not simply dedollarization, but multi-track systems: continuing to settle energy in dollars while promoting local currency settlements, digital currency pilots, and regional clearing networks. No country wants to completely cut off from the old system, but every country is preparing for 'being cut off.'
This state is essentially not confrontation, but defense. And defense requires redundant systems. What SIGN sells is this redundancy—not sovereignty, but a capability: when the original channels are closed, is there still a second path to take?
Understanding this layer of redundancy demand makes that capital table completely reasonable.
Tim Draper bets on a decentralized world; Sequoia's three regions bet on new markets within their respective camps; CZ bets on the exchange system penetrating into national-level infrastructure. They do not need to reach a consensus; they only need to confirm one thing: regardless of which direction the world splits, this type of interface system will be used.#US5DayHalt 
#BTC走势分析
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