I know I just made a joke about painting the tape though I don't know, I guess I was also entertaining the idea a little bit. Probably a good amount of transactions in Wall streets are hft algos buying and selling to one another. Intricate systems doing the meaningless busy work of currency distribution. I agree it obviously can't work if you even subscribe to even the most rough notion of LTV but like imagine that a good chunk of what makes the market work is some sort of techno-era article of faith
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works for bitcoin
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I know I just made a joke about painting the tape though I don't know, I guess I was also entertaining the idea a little bit. Probably a good amount of transactions in Wall streets are hft algos buying and selling to one another. Intricate systems doing the meaningless busy work of currency distribution. I agree it obviously can't work if you even subscribe to even the most rough notion of LTV but like imagine that a good chunk of what makes the market work is some sort of techno-era article of faith
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