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vkoutoday at 4:52 AM2 repliesview on HN

You're a fund manager. What's the alternative? Throw your hands up and tell your customers to take all their money back, you don't want to get paid anymore?


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baqtoday at 5:31 AM

Exactly. Barter is super insanely expensive in comparison with the most manipulated paper markets; thus, if you closed the current markets, the participants would be very highly incentivized to create a new one, which would likely be worse on all accounts.

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