algorithmic trading is NOT new. It's been going on since before BitCoin was invented. It's a tool...nothing more...nothing less.
Sure...jobs are being lost...for quite some time now.
It couldn't happen to a nicer bunch of guys..
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Oh I'm not defending the traders, believe me!
It's what happens when the vast majority of people suddenly lose confidence in the financial system that concerns me. Maybe it'll be the start of something better, or maybe it'll just be collapse?
You know that Chinese expression: "May you live in interesting times..."