Bitcoin highspeed trading firms
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For now, though, he plans to keep trading. Image via Shutterstock marketsPrices. Bloomberg's Lulu Chen has more on "Bloomberg Daybreak: Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot. If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
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It is in culture, law, and shared expectations of fair play. Opinions on social media or blogs are his own. I must disagree with your analysis of Bitcoin on a few points. There is no central authority to fractionally reserve anything with Bitcoin and it was designed from the ground up to prevent that from happening. That is the whole point of bitcoin, to avoid central control. Mining is NOT a winning proposition either for most regular folk. I know, I mine. No one without tens of thousands to spend will become rich either.
In fact, from what I have seen, it is doubtful mining is profitable in the long run at all — no matter what anyone spends on it. Also, Bitcoin may not survive. If the market finds a better alternative the game is up. Plus, the data centers you speak of were not taken over. They were built from the ground up from nothing. The people who built them put extreme amounts of capital down, up front with no guarantee of ever getting it back.
They have no control over weather Bitcoin is adopted or not by the general public as a currency. Again, where is the control?
The odds of that happening are greater than winning the lottery — not too good! In fact the major debates right now are between the venture capital types and the anarchists over regulations and taxes. My guess is there will be compromise that the anarchists are very unhappy with, but the demand for an alternative to the very banking system you propose these anarchists will pine for is so great that the anarchists are going to get pushed aside by free market demand.
Whatever the outcome, the concept is loose. The genie is out of the bottle and nature abhors a vacuum. This new form of money transfer is here to stay, like it or not. I think that it is important to note that this kind of scarcity is artificial.
Like the cartel that makes diamonds scarcer than they actually are, it requires at least the tacit acquiescence of those who could easily unplug any and all artificial scarcity machines by changing law, policy, etc. Interesting article, but your point could be defined better in my opinion. Unlike stocks, digital currencies are more readily used in transactions. It, like Bitpay, processes digital currency payments like bitcoin, litecoin, dogecoin etc.
Not only that, digital currencies are the only current way to make a payment around the world almost instantly. Those methods are highly regulated, with fees, and a lot of times not even possible. HFTs have their own issues as well and operate on their own playing field in the shadows. They absolutely have an advantage over everyone else as they are algorithms that have near real-time access to market information and can react in milliseconds, unlike your average internet trader.
To your last point, technology is a tool. Like other tools, they are not innately good or evil, it depends on how it is used. JD Hancock Remember when the Internet was supposed to democratize everything? As Mark Cuban describes flash trading or high-frequency trading, it is: