3 ms·
It's absolutely not democratized. The opaqueness of the trades and the fact that the vast majority of trade volume passes through pools with centralized (and ag
by tdaltonc 12y ago
It's absolutely not democratized. The opaqueness of the trades and the fact that the vast majority of trade volume passes through pools with centralized (and again opaque) rule-writing means that the those centralized authorities can and do write the rules to privilege insiders.
- tptacek 12y agoWhat "opaqueness" are you talking about? What kinds of "trades"? What are you referring to when you talk about "trade volume"? What "pools" are you talking about? By the technical definition of the term --- and the context of your subsequent words --- you could (validly) be referring to the major exchanges as "pools"; they are, after all, centralized and responsible for their own rule-writing.