Point! But I'd guess the velocity of information and rate adjustments in shell-based economies were slower. E.g. If someone said "The value of the cowrie has c

Point! But I'd guess the velocity of information and rate adjustments in shell-based economies were slower. E.g. If someone said "The value of the cowrie has crashed!", then how long did it take for everyone to find out & the cowrie economy to reprice itself? I'd hazard we deal with much more sophisticated, capable, fast, and aggressively predatory market participants now.