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And this is why I look forward to when most securities reside on blockchains. “Probabilistic” markets give us black swans and insider fraud.
by jkhdigital 6y ago
And this is why I look forward to when most securities reside on blockchains. “Probabilistic” markets give us black swans and insider fraud.
- cameronh90 6y ago"Probabilistic" markets will be (and to some extent already are) re-invented on-top of the blockchain. Current generation cryptocurrency blockchains are more similar to the post-trade settlement system, where everyone figures out who owns what after-the-fact. Maybe smart contracts will change that, but performance will need to get a lot faster and I'm not sure how feasible it is to implement a full exchange on top of (for example) Ethereum. Would love to see it though!
- argonaut 6y agoTwo words for you: The DAO.
- jkhdigital 6y ago...and? What does that mean? I can try to finish your argument for you, but then I would be letting you off the hook for intellectual laziness.