At CFAR workshop all participants were real people. But they still missed an existing opportunity to abuse the system: there were rewards for winning, but no punishment for losing. So two people could agree to transfer a lot of bits from one to another, and split the price afterwards.
Not quite true. I ran the markets, and I did threaten to fearsomely glare at people who were abusing the system. (And my glare is very fearsome).
Not quite true. I ran the markets, and I did threaten to fearsomely glare at people who were abusing the system. (And my glare is very fearsome).