Sunday, November 13, 2016

You have this ultimate problem with Singularity 1.0

No one will write a contract that makes the pit boss a price fixer.

When you add auto-spawn,then I think we create the situation where price fixers create stoppages, eventually they are isolate in a pit, and that boss won't press the bets, it will hang on the price fixed stream.  This will be true if we express our normal dislike of price fixers in all these contracts, and that is likely,. it is Nash equilibrium.

So seriously, it is like central banking, when the 'politicians say, can;t give it up', they get noticed by the biog banks, it is a  bunching opportunity.  Any spawning pit with  price fixing prohibited? The fixers will always be surrounded by traders, exposed.

No comments: