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Hodler will obviously only make the trade when the spread is larger than the transaction costs. The question is why would Alice and Bob be willing to pay, but t
by icebraining 7y ago
Hodler will obviously only make the trade when the spread is larger than the transaction costs. The question is why would Alice and Bob be willing to pay, but the reality is that some are. Whether it be by pure foolishness or because your theory is simply incomplete.
- pmiller2 7y agoWell, if it’s pure foolishness, there’s a name for the way that Hodler makes money: a Ponzi scheme. Where is my theory incomplete?