while this is regarding the domain, and also a cheeky comment, consider that broadly:<p>* there is friction in the market<p>* information is distributed asymmetrically<p>* improvements can be made quickly with technology<p>* value is different for each actor, synergy could provide a more compelling case for an action<p>* people still make money of arbitrage<p>* people will pay not to wait, e.g. registration and ownership of an asset in a foreign country has a 1-2 month lag.<p>etc.