Thanks for introducing me to this column, it’s hilarious. “’With hashgraph every user participates in confirming transactions, so the process is faster.’ I rea

Thanks for introducing me to this column, it’s hilarious. “’With hashgraph every user participates in confirming transactions, so the process is faster.’ I realize that I am in many ways an ignorant rube, but I am constantly confused by the notion that having every participant in a market confirm every transaction is a fast way to confirm transactions.” Also: “[...]not even bank executives seem to understand what is going on inside their banks. If that is the case then it shouldn't be surprising if sometimes the market thinks the bank is worth less than the bank thinks it's worth, or if the market turns out to be right. It's not literally that the market knew about the $1.77 billion fraud before the bank did. It's just that the whole enterprise is kind of a random-number generator, and the market did a better job of guessing the right random number than the accountants did.” I sometimes vacillate between superstition and suspicion when things like this happen. Example: a bunch of anonymous bidders converge on almost exactly the same price for a somewhat obscure item. For a second it’s confusing, then I wonder if they are shill bidders, then I think: huh. lots of people saw the auction, and they basically all agree on how much a widget is worth. Anybody else here ever get a spooky feeling when observing an efficient market?