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RE: Will The Absurdity of Algorithmic Trading Erode Confidence in Capital?
Building monolithic trading bots that take over the industry? If that's the case, then in the future it'll essentially be one group gambling money that their bot has a better algorithm than everyone else's or at least the majority.
Exactly. But won't that mean money is essentially worthless at that point? (Not that it's not on the way there now.)
Well if you're talking about cryptos taking over from fiat currencies? I just don't see that happening. Cryptos are a form of investment which are now becoming mergers between a business idea and a form of Internet Property. I can see it becoming prominent around the world, but i just don't see it fully taking over fiats. Maybe in a poor economic climate it could fully succeed?