Oct 23, 2026 · 1 hr 21 min · 13 segments
Bitcoin Entrepreneur and host of TFTC Marty Bent completes the 'home and home' podcast conversation. I was recently on Marty's show to discuss the bigger political and financial picture (link…
Marty BentGuestTom LuongoHostTo me, that's a... that's a validation that the industry has the, you know, is a, is, is, is building for the purpose of doing exactly what we talked about earlier, which is to alleviate future uncertainty, alleviate stress, build a system that's robust, you know, and then when we stopped to think about it in relation to the endemic, and I mean, multi-level endemic fraud in the current financial system built off of a banking system that was never designed to do it.
You know, in effect, You can make a metaphor here or similarly to, you know, Mt. Gox running on the PHP backend is no different than the way a lot of the major banks have been running on their databases.
And or, you know, all those AS400s that are still running backends in places, you know, around the world.
And so it's clear that, you know, you know, for example, like you ask yourself, like, why are we still dealing with T plus three settlement of payments in the classic financial system? It's because it's the back end is still archaic.
I don't know if you, I'm sure you know of a guy by the name of Jordy Bizarre, or Bisser.
But I found him really interesting talking about the potential for a bank apocalypse.
based on this, and I'm going to keep this metaphoric or at the level that I interacted with his take, which is that with the advent of AI and AI payments, and he was talking about Stripe.
It was a big thread that he had on Twitter, and I have to make sure that it's in the show notes on this for people to refer to.
But we're rapidly moving away from, and this is what I think is important for Bitcoin, rapidly moving away from a financial system built on human time.
And so for that reason, you know, it's like me, every Wednesday, every Sunday, I do the market report for the patrons, right? And I have to, you know, I have to arbitrarily do, well, where's the weekly close in Bitcoin? where is it? You know, it's wherever you get your data set from
as
And I happen to use investing.com and they happen to say, you know, 12 PM Greenwich meantime or Eastern standard time.
I think it's actually Eastern standard time is where they, they, that's the end of each day.
And whatever that is, you know, And as a data guy, I'm like, I don't care as long as I'm consistent, right? All the variations norm out in the wash, but it doesn't really matter.
You could pick Monday night, you could pick Tuesday night, you could pick Thursday at 444.
To me, that's a... that's a validation that the industry has the, you know, is a, is, is, is building for the purpose of doing exactly what we talked about earlier, which is to alleviate future uncertainty, alleviate stress, build a system that's robust, you know, and then when we stopped to think about it in relation to the endemic, and I mean, multi-level endemic fraud in the current financial system built off of a banking system that was never designed to do it.
You know, in effect, You can make a metaphor here or similarly to, you know, Mt. Gox running on the PHP backend is no different than the way a lot of the major banks have been running on their databases.
And or, you know, all those AS400s that are still running backends in places, you know, around the world.
And so it's clear that, you know, you know, for example, like you ask yourself, like, why are we still dealing with T plus three settlement of payments in the classic financial system? It's because it's the back end is still archaic.
I don't know if you, I'm sure you know of a guy by the name of Jordy Bizarre, or Bisser.
But I found him really interesting talking about the potential for a bank apocalypse.
based on this, and I'm going to keep this metaphoric or at the level that I interacted with his take, which is that with the advent of AI and AI payments, and he was talking about Stripe.
It was a big thread that he had on Twitter, and I have to make sure that it's in the show notes on this for people to refer to.
But we're rapidly moving away from, and this is what I think is important for Bitcoin, rapidly moving away from a financial system built on human time.
And so for that reason, you know, it's like me, every Wednesday, every Sunday, I do the market report for the patrons, right? And I have to, you know, I have to arbitrarily do, well, where's the weekly close in Bitcoin? where is it? You know, it's wherever you get your data set from
as
And I happen to use investing.com and they happen to say, you know, 12 PM Greenwich meantime or Eastern standard time.
I think it's actually Eastern standard time is where they, they, that's the end of each day.
And whatever that is, you know, And as a data guy, I'm like, I don't care as long as I'm consistent, right? All the variations norm out in the wash, but it doesn't really matter.
You could pick Monday night, you could pick Tuesday night, you could pick Thursday at 444.
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