| ▲ | readams 3 hours ago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
As always, Matt Levine has the best take on this: https://www.bloomberg.com/opinion/newsletters/2026-02-24/ai-... "I am sorry. But if you go to Jump Trading and Jane Street and say “hello, I have an unregulated poorly designed mechanism that could lead to $50 billion of market value collapsing overnight, would you like to trade with me,” they are going to say yes, but their eyes are going to light up, you know? If at Time 0 you give them an extremely gameable system that can produce billions of dollars of profit, at Time 10 your system is going to be a smoking wreckage and they are going to have billions of dollars of profit. That’s their whole job, you know? I couldn’t tell you in advance what all the intermediate steps will be, and in fact in hindsight I cannot tell you what the intermediate steps actually were, how Jump and Jane Street made money off the collapse of Terra. But as a heuristic, I mean, come on. Terra was like “hello we have a balloon full of money, here is a pin, dooooooon’t pop the balloon.” Guess what!" | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | yunnpp 3 hours ago | parent [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
I don't really follow this space, but is evaporating $50bn not a concern to anybody? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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