Risks of Virtual Bidding
The purported benefits of virtual bidding have resulted in it spreading to new ISOs over time. There remain some risks though. The principal risk is that virtual trades will be used to leverage positions in other markets, such as the Financial Transmission Rights market. To prevent this some markets have implemented specific rules to prevent this sort of gaming.
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—Rose Wilder Lane (1886–1968)
“There are risks which are not acceptable: the destruction of humanity is one of them.”
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“Tragedy dramatizes human life as potentiality and fulfillment. Its virtual future, or Destiny, is therefore quite different from that created in comedy. Comic Destiny is Fortune—what the world will bring, and the man will take or miss, encounter or escape; tragic Destiny is what the man brings, and the world will demand of him. That is his Fate.”
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“A simple and independent mind does not toil at the bidding of any prince.”
—Henry David Thoreau (1817–1862)