Hm I see. I'm not super convinced -- something like "the cost of capital lockup plus trading fees" should far outweigh the mana injection from daily free markets. I guess we'll see!

By the same token, you might say that you can make profits simply because people are joining all the time and adding M$ to the ecosystem. I don't think that's exactly right, you still have to outperform people/have alpha, otherwise someone smarter will capture the gains instead of you

I would expect that if there is a bias on this axis, it goes the other direction.

This seems like a natural consequence of subsidy

I will not actually test this so resolution will just be based on my judgement