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You're missing the point. You can't trade anything with 10 microsecond timing without accepting counterparty risk. Crypto is not special here, except that it'
by bcrosby95 4y ago
You're missing the point.
You can't trade anything with 10 microsecond timing without accepting counterparty risk.
Crypto is not special here, except that it's full of fraudsters or people that think they're smarter than they are.
- kasey_junk 4y agoThe person you are commenting against understands you’re point. They want crypto to be special. In their mind crypto should be the antidote to counterparty risk and they are willing to give up liquidity to achieve that.
- throwaway22032 4y agoThe counterparty risk is significantly higher because cryptocurrency transactions are irreversible in the general case.
- quickthrowman 4y agoAnd the exchange is also clearing transactions instead of a third party clearinghouse which ups the counterparty risk substantially.