What Decentralized Finance Can Learn from the Early Days of Capital Markets - Deepstash
What Decentralized Finance Can Learn from the Early Days of Capital Markets

What Decentralized Finance Can Learn from the Early Days of Capital Markets

The previous section summarizes how Professor Edward Stringham describes the early days of the London Stock Exchange in his book “Private Governance: Creating Order in Social and Economic Life”.

The rise of the London Stock Exchange illustrates an instance where the market itself created efficient rules for securing property rights, absent government regulation. Stringham argues that private governance can fulfill a key role in creating and enforcing rules when regulators and courts lack the knowledge or a way to do it in a cost-effective way.

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#engineering, #machinelearning and #crypto

Interesting paralel to London Exchange baby steps

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