Former equity derivatives trader here. The Levine article linked to is one of the denser accessible discussions on the topic I’ve seen. Also, as a current English speaker, the “truth searching” the comment you’re responding to cites refers to the general process of learning, and nothing specific to market structure.
That's the point, just read the Levine article instead of going through half-correct HN comments.
Also, I'm a native english speaker (and lived in 2.5 english speaking countries) and have never heard the phrase truth searching
Yes, it's annoying. From conspiracy theorists to supposedly smart people with PhD's, I'll catch them in a fiction. "You just made all of that up," I'll say, to which they reply with handwaving and equivocation. Why are we so reticent to be comfortable with our own ignorance and hold our tongue?
Too many people have their ego and sense of self worth wrapped up in being correct on the internet, regardless of the topic.
When nobody has a cite, we're just going to noodle and be wrong about stuff and that's fine, even salutary. But sometimes the truth-seeking we do is kind of superfluous.
(I'm just writing this so it doesn't sound like I was just snarking about HN.)