谛听Diting Lab

Research Forums · Thu, Oct 15, 2026

Research discussions on ethresear.ch and Delving Bitcoin.

ethresear.ch

How Much Screening Buys a Second? Speed, Selection, and the Maker's Spread

In briefHow much screening buys a second: speed versus selection in maker spreads

SummaryThe paper examines how a liquidity provider with a stale quote can be picked off by informed traders, and compares two defenses: repricing faster and screening informed order flow. It derives a break-even screening rate at which a slower maker matches a faster unscreened venue. Using USDC-WETH pools against Binance ETH-USDT, it finds a twelve-second maker must screen at least 84.5% of informed flow to match one-second execution.

Delving Bitcoin

From peer-to-peer cash to elite settlement layer: is the 21M cap building a new aristocracy?

In briefFrom peer-to-peer cash to elite settlement: does Bitcoin's 21M cap create a new aristocracy?

SummaryThis forum post argues that Bitcoin, introduced as peer-to-peer electronic cash, is increasingly held as a reserve asset by governments, ETFs and corporations while everyday spending declines. The author questions whether the fixed 21 million supply could gradually price out ordinary people and concentrate holdings among the wealthy. It closes by proposing a conceptual alternative, "humanitycoin", whose limit is on value rather than units and which is powered by everyday activity.