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It has no skin in the sport. The New York Stock Exchange is not an active trader. That’s not an accident. That’s called separation of considerations. The clearinghouse is an unbiased party with oversight it is really not a market player. If you are taking that party out and change it with five banks, all of which have skin in the game, how do you run a consensus algorithm when the incentives to cheat, front run, manipulate the market and break the consensus rules even adversarially in opposition t the other four parties are so high there’s no incentive to maintain the consensus rules. All you’re doing is you’re saying “trust us, we’re in a consortium. ”Removing the clearinghouse and changing it with…What’s the word?It’s not consortium…”Cartel!” That’s the word!…with a cartel of an identical market makers who've manipulated and compromised every market in history, and doing that in a way that closes this from transparency, that’s not a recipe for effectivity, immutability coverage, transparency. That’s not a blockchain. That’s a bullshit. It’s a very lucrative bullshit.
It’s nice for processing prices depending to your wants in the community to be calculated it is.
5 % to banks to go bits across the Internet is the worst feasible choice.
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