2 ms·
Tangent here: how do arbitrary, mass decisions differ when they are done independently versus when they are done in the open? Looking at this from the perspecti
by brodouevencode 4y ago
Tangent here: how do arbitrary, mass decisions differ when they are done independently versus when they are done in the open? Looking at this from the perspective of 'mob rule' which frequently makes very bad decisions.
- Enginerrrd 4y agoBecause markets are actually making a LOT of different decisions with incredible granularity and specificity across time and many other metrics. This is essentially computationally infeasible to do in a centralized way even if you make many simplifying assumptions. It can go wrong of course! But there essentially is no alternative that is even close to working.
- brodouevencode 4y agoBut those decisions are done in a fairly isolated fashion, i.e. you don't know what your neighbor is doing.