meeting today
investor: @binance will be the only exchange and will own the world!
me, also an investor: wow. um... why are you even investing in crypto companies? the whole point is to minimize intermediaries and make it impossible for this to happen.
am i taking crazy pills?
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I agree with you that there may be minimal value in HFT. But ultimately success in most markets is driven by speed of execution. So if there is value to be extracted through speed, and a subset of traders exploit this, then the market will inevitably tend to that.
maybe i'm crazy, but this is going to happen in the next two to three years and it's going to be NUTS
will take time to adopt, but 
Then that subset of traders who benefit from microseconds can stay on the high-speed centralized markets; those who prize their security and safety more can go for the decentralized markets. YMMV.
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As I noted in my original post, that’s what will likely happen. One will not exclude other. Chances are most market pricing will be driven by centralised exchanges, but decentralised one’s will likely tend to similar pricing as arbitrage opportunities are closed.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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