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Re:UK regulator clamps down on Binance by lordfoo on Monday June 28, 2021 @10:54AM (#27662769)
> zero sum re-allocation games for which intermediaries get a cut

If intermediaries get a cut, wouldn't that make the games negative-sum?

Re:UK regulator clamps down on Binance by MispelledToyota on Monday June 28, 2021 @11:44AM (#27663364)
presumably if a transaction is taking place, the parties involved value the state of affairs after the transaction more than they did what came before, so value is being created, even including the transaction cost.