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The system doesn't just enable the USG to reliably prevent the execution of erroneous trades. If you think that tens to hundreds of thousands of highly paid bu
by Kbelicius 7y ago
The system doesn't just enable the USG to reliably prevent the execution of erroneous trades.
If you think that tens to hundreds of thousands of highly paid bureaucrats, accountants, risk managers, regulators, legislators, clerks, lawyers, law enforcement, judges are there just to prevent erroneous trades...
It seems that you are discounting a vast amount of things that the system does besides preventing the execution of erroneous trade.
- cwkoss 7y agoYes, I am being superlative. However the traditional system would not function without all those parts - bitcoin effectively accomplishes many of these functions with compute alone, while traditional stock market uses compute for a much more limited scope. I simply want to point out this vast discrepancy in scope of comparison.