> In theory, this allows people to place orders based on a known price. This is exactly backwards. Without a published order book there is no "known price" sin

> In theory, this allows people to place orders based on a known price. This is exactly backwards. Without a published order book there is no "known price" since everything is secret. Your hourly blind cross will go off at whatever price satisfies the rubric but there is no way for a participant to know what that price will be before hand.