Re:How Deutsche Bank Made a $462M Loss Disappear
by johnchristopher on Saturday January 21, 2017 @07:56AM
(#13449850)
Trading is an information war where the only edge you can get is through asymmetric information about the deals and the products/services (violence being a special case). I wonder what trade would look like with a complete transparent process.
Taking this down to a more concrete level, if every transaction and popular properties in a market were recorded and undoxx-ably published blockchain-style, then market actors who try to externalize costs will find those properties they are externalizing upon others added to the system, and their activity shunned more quickly. Much rent-seeking and externalizing behavior today in businesses (especially gig economy-pitch-based businesses) relies upon a great deal of extreme asymmetric information postures between the parties, possible because of the much more complex information ecosystem we operate in as economic actors today.