Ontology problem. Can "interinstitutionality" (by analogy to "intersubjectivity") be considered the same as "public"?
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Nice question. Yes it does: the market also exists in decentralized exchanges with no mediating entity. C.f. Block DX.
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But decentralization does not imply de-institutionalization. The blockchain or whatever construct is replicated across the network, lending it identity and internal intelligibility, renders it an institution. But yeah, that's definitely as close to an edge case as possible.
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