There never was a market to begin with, it was a delusion. The large New York exchanges are government licensed monopolies designed to be co-regulated with the large debt banks. The purpose of that 'market' is to parcel out government regulation.
We do it different now, ownership of an asset is a personal contract. The element of that contrat may or may not have government restrictions. The consensus ledger on asset validation are specialized sectors, agriculture, tourism, mining, etc. Each of those assume their natural market function, the pits associated with their function end to agglomerate. Each sector may have nuances on exchange protocols, sometimes discount coins apply, many times participating companies run heir own S&L and ownership pits.
Remember,the sandbox, we trade contracts, all contracts revert back to thumb prints. Government monopoly markets become conditionals in the standard escrow router.
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