> Does it hurt the buyer and seller more than the little nibbles these guys are taking to smooth out that curve? Why are you assuming that the buyer and seller

> Does it hurt the buyer and seller more than the little nibbles these guys are taking to smooth out that curve? Why are you assuming that the buyer and seller are hurt? > I see a lot of paychecks being cut in this industry and I don't see the value being created. Looks like highway robbery to me. I don't see the value in smurfs, but don't think that they're "highway robbery". Liquidity, on the other hand, has huge value. Disagree? Try to sell an illiquid asset.