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Frank's avatar

Great article.

In a properly functioning market, Binance would have been bankrupt already....

But they deal with crypto - and the regulators have done squat. Tether is another perfect example.

In a fake market, with fake prices, and price/volume manipulation by the major players, it will be extremely difficult for Binance to collapse IMHO.

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Smaug's avatar

Okay, Woah! I read the poker link. Sorry for the ramble. I loved the article.

Am I correct in understanding that Annie Duke used software that showed other people cards, albeit with a 15-minute delay? Is this common practice? What's the explanation that she would do that unless she was a cheater? Checking your predictions and getting quasi-immediate feedback is okay as long as the other people all have full information about it. This tool was not disclosed and abused by people who are "experts in decision-making" or experts in cheating? I should have done a simple google search for ("Annie Duke" "fraud"), but this was a good lesson in due diligence.

Would making the code behind a poker website fully transparent (open source) solve that issue?

The fact she was aware of it and put her name on the platform is disgusting. The fact I was unaware of this is my fault. Thank you for the link.

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