February 19, 2022
Greetings SEC Council and related parties
A question we must ask ourselves, do markets exist to honestly and accurately reflect supply and demand for goods and commodities used for our businesses and communities, or are they merely a tool for financial engineering, and gussied up theft in the form of structural moral hazards abused by large participants?
Any market that does not have T+0 instant settlement enforced in a trustless way is essentially adding a \"delay/slack/skew\" factor to the accurate reflection of supply and demand. Slack in delivery times also presents moral hazards to institutional participants as well that lead to corruption as a business model, or betting against our collective economic success, leading to normalized parasitic costs compared to other nations.
It is always better to eliminate the possibility of corruption all together, than to assume people will remain ethical in the face of temptation.
If the SEC wishes to simply facilitate a image of being a \"less flawed market\", by all means, shorten the time to T+1, and proceed.
Without aiming for technologically enforced true and accurate reflection of supply and demand in the form of instantaneous settlement, educated professionals are capable of recognizing a tool of oligarchy when they see one.
Respectfully,
-Ian Grinde