Which is harder: for markets to achieve complete information or for humans to behave in saintly ways? 2/2
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Markets can/will exist even if same information with all because needs, perceptions differ, and change
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. praps ideal orgs/mkts converge in limit when cryptocurrencies create poss of var-trust/anon transactions?
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. good point about arbit vs exchange, but why not arbitrage as drag in naturally stable systems, rapid-clear mats?
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