Hacker News new | ask | show | jobs
by jkhdigital 1966 days ago
And this is why I look forward to when most securities reside on blockchains. “Probabilistic” markets give us black swans and insider fraud.
2 comments
cameronh90 1966 days ago
"Probabilistic" markets will be (and to some extent already are) re-invented on-top of the blockchain.

Current generation cryptocurrency blockchains are more similar to the post-trade settlement system, where everyone figures out who owns what after-the-fact.

Maybe smart contracts will change that, but performance will need to get a lot faster and I'm not sure how feasible it is to implement a full exchange on top of (for example) Ethereum. Would love to see it though!

link
argonaut 1966 days ago
Two words for you: The DAO.
link
jkhdigital 1965 days ago
...and? What does that mean? I can try to finish your argument for you, but then I would be letting you off the hook for intellectual laziness.
link