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Two of many things to answer: 1. Why must an industry provide public good? How do you define public good? If it must, can your claim be proved objectively with
by d4ng 4mo ago
Two of many things to answer:
1. Why must an industry provide public good? How do you define public good? If it must, can your claim be proved objectively without relying on feels? All these articles decrying gambling, crypto and prediction markets are begging this one simple question.
2. Why must exchanges be split up? The whole trading industry is based on trading against each other for estimated personal gain. This is the definition of trading, whether cows, binary crypto options or bets on an orange man’s Xs. Exchanges’ trading against the client isn’t endemic only to crypto. Look at all the CFD and spread betting brokers. There are all sorts of techniques.