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A comment on SEC approves Texas Stock Exchange, first new US integrated exchange in decades. Parent comment

Re:SEC approves Texas Stock Exchange, first new US integrate... by ForHackernews on Wednesday October 08, 2025 @06:44PM (#45521447)
It's pretty funny that there are people in this thread pretending like "price discovery" is a real thing that happens in markets based on information. We've all seen Dogecoin and BBBYQ. The emperor has no clothes.
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Re:SEC approves Texas Stock Exchange, first new US integrate... by abm53 on Thursday October 09, 2025 @01:45AM (#45523974)
We could make the distinction between price discovery, i.e. what price are people currently willing to buy and sell at (short-term) vs value discovery (long-term).
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Re:SEC approves Texas Stock Exchange, first new US integrate... by ForHackernews on Thursday October 09, 2025 @12:03PM (#45529575)
In the short term the market is a blockchain-enabled voting machine but in the long term it's an Elon Musk tweet-weighing machine.
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