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Uhm, no, the pricing is mostly provided by exchanges which have been found guilty of wash trades, money printing, front running and every crime in the financial
by grey-area 3y ago
Uhm, no, the pricing is mostly provided by exchanges which have been found guilty of wash trades, money printing, front running and every crime in the financial playbook, and most definitely are not audited.
So while the blockchains provide public records of transactions, the prices are not set by the blockchains and participants are anonymous enough to be difficult to track.
- everfree 3y agoThe smart-contract exchanges agree on the same prices too, though. They can't lie, because the entire exchange is public record on the blockchain. Uniswap, Cowswap, Kyber, Balancer, they all agree.