Our exchange works differently than the legacy players, so I don't really understand your last point.
Our exchange works differently than the legacy players, so I don't really understand your last point.
If that's the case, then what does your exchange add? I think we are in agreement about these principles, but I don't understand how your exchange is encouraging them.
Better than just encouraging people to agree to these practices is if you could set up a competitive landscape where they are more directly rewarded than in the current paradigm. That is primarily how I see an alternative exchange contributing to this cause.
>Our exchange works differently than the legacy players, so I don't really understand your last point.
This is the central contention. I don't understand how you are different from legacy players. What is the actual concrete difference in how you operate as an exchange that differs from your competitors? Furthermore, how do you expect that to lead to less short-term rent seeking?
Are there any incentive systems in place to ensure that companies being traded on your exchange don't take part in these destructive practices, or is it simply that they agreed to your policies?
What are the incentives and how do you hold a company to a long term orientation. A company is free to choose and change its vision/strategy as time goes by. Do they get delisted if they move away from this orientation. How do you measure such an intangible and act on it?