= 27d567bc2d48d9f40e9ccc20ea370b15)
evand comments on Look for the Next Tech Gold Rush? - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (113)
The interesting bit is the one where the market failed to work: we now know the Mt Gox price was hideously corrupted (and the tape-painting was long visible right there in the blockchain), but the other exchanges closely tracked the bogus Mt Gox price.
So look for an inefficient market as an opportunity.
I find it more surprising that the bogus price on Mt Gox was not fully tracked by other exchanges. I thought about trying to arbitrage that for a little while, before deciding that was a context where I basically trusted the EMH and took it as a signal to move out of Mt Gox.
Yeah, there was a certain spread for the difficulty already present at the time in getting one's money back out of Mt Gox.