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> For instance you could, if it is allowed, submit a tiny orders in increasing price until it gets filled.

Ha, that's clever. I suppose any system that people come up with will always have ways to game it. Reminds me of Arrow's Impossibility Theorem[1] which basically proved that there's no possible perfect voting system. Ah well.

[1] https://en.wikipedia.org/wiki/Arrow%27s_impossibility_theore...



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