Periodic research on decentralized execution and market structure.https://oldschools.org/https://oldschools.org/writings/the-moment-before-power-became-invisible/https://oldschools.org/writings/the-moment-before-power-became-invisible/Old Schools studies the machinery between intent and execution: who sees orders, who prices risk, who captures spread, and who decides the match.Tue, 05 May 2026 00:00:00 GMT