Quote from: minerpumpkin on August 15, 2014, 07:23:12 AM

Quote from: The Bitcoin Co-op on August 14, 2014, 11:39:48 PM

Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs

Currently trying to figure out whether they don't really know about Bitcoin/Altcoins or whether they actually do mean other arbitrage opportunities. Also, Bitcoin is still to small of course - but only as of now!

Had you actually read the paper, you would know the answer to that. It's usually a good idea to actually read what someone writes and understand it before blindly calling them all idiots. Just sayin.