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To be fair regulated markets are vulnerable to manipulation today

• prostoalex 9y ago
  Most exchanges in regulated markets * know and contractually oblige their customers (the brokerages who gain access to the exchange) to avoid self-trading * have some preventative mechanisms, e.g. https://www.theice.com/publicdocs/futures_us/exchange_notices/ExNot091113STPFFinal.pdf https://www.theice.com/publicdocs/futures_us/exchange_notice...
• xenadu02 9y ago
  That’s like saying the recent California wildfires are equivalent to the Great Chicago Fire. Both are tragedies and both have a certain element of scale to them, but the Chicago fire was actually much much worse. It killed far more people, made far more people homeless, and destroyed far more economic value (adjusted for inflation). Yes the current regulated markets have serious problems and are in need of reform. But the scale and scope of fraud and manipulation on all crypto currency markets is vastly larger and far more pervasive.
  • swimfar 9y ago
    Just some interesting trivia. Two days after the Chicago fire which killed ~300 people, there was a much bigger fire in Wisconsin that killed 1200-2500 people. Over 300 people just from the town of Peshtigo died. It was a town with only about 1700 residents. It didn't get much media attention, however, because of the Chicago fire. https://en.wikipedia.org/wiki/Peshtigo_Fire https://en.wikipedia.org/wiki/Peshtigo_Fire