diogomeireles.eth

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20/ Assorted additional context: - Why those 4 tokens? Least likely to be deemed securities. - Historical fact: the Big Banks (JPM, GS, etc.) were opposed to decimalization initially. Stocks were traded in 1/8ths and 1/16th etc. The 'new faction' was comprised of folks like Knight Capital, Citadel, DRW, WorldQuant and others... The SEC under @ArthurLevitt encouraged modernization of financial markets in that era More on the 'factions': - The old faction, legacy Wall St investment banks, benefits from opacity b/c the bid/ask spreads are higher and it's a club game - competition is limited and spreads are maximized. - Citadel, Virtu, MarketAxxess also have their own club game. Their the barrier to entry is massive investment in technology, speed and talent. - These 2 factions resemble the battle between Big Banks and Big Tech - both have edges in regulation and technology respectively - Robinhood's payment-for-order-flow partner was Citadel. RobinHood is a competitor to classic Wall Street brokerage - tl;dr Citadel has a good history of competing with legacy wall street firms in the eye