There are 10 types of people in this world

... those that can read a binary watch, and those that can't.

Although this is specified as a binary watch, the time itself isn't depicted in binary form, it is a steep learning curve to read it with any speed.

The time shown is worked out as follows:

If you imagine 2 concentric circles toward the outer edge of the watch face, one going through the small dot on the bottom left, and the other going through the larger dot on the top left...

The large dot on the inner circle is at the 11 o'clock position, meaning it's 11-something.
The smaller dot on the outer circle it at the 8 o'clock position, which - for the minute hand - would indicate 40 minutes, or 20-to-something.
The four dots in the middle of the face are added to the minute value, making the minutes add up to 44.

Thus the time shown is 11:44 (or 23:44 as is the case here)

Simples!

The watch here - which is my primary timepiece now - is an Odin's Rage OR213R1.