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Comment Re:Fucking Casuals. (Score 4, Insightful) 303

You don't understand the issue or you are making money from the technique and have fully disconnected yourself from the ethical implications of HFT scamming.

I'll use plain english terms to describe it since I'm not in that industry and never remember the fancy facade of names used to obfuscate investing practices and technical points from non-industry people.

You can check the bid/ask prices, the type of HFT process that screws you happens entirely AFTER you press the buy button, they see your buy at one data exchange location and literally outrun your network packets to remaining exchange points to buy up what you just clicked 'buy' on. You end up with a portion of what your lowest bid was, but suddenly the other locations that have the product to fill the order are all priced higher from the HFT gamer. This requires special high speed access and high speed API access to the data exchange points.

It's rigging the system. It's a great hack if you are making money for yourself but it's more than just unethical, it utterly destroys any usefulness of financial investment markets, and also leads to caustic disruption of real world economic data.

Cheers.

Comment Re:It's Not Really Oracle (Score 1) 163

In many instances, Oracle is expensive and overly complex for what is the ultimate underlying (and simple) task of storing data in a reliable and redundant fashion. A hardcore geek's RDBMS is not what anyone should ever recommend for any production database environment that does not employ umpteen 'hardcore geeks' at any given time to explicitly manage that system.

Oracle is like a diamond encrusted iphone of DBs, it's got perceived value and makes others think you have money and power, and that perception drives it continued usage.

Comment Re:At least someone appreciates work-life balance (Score 1) 477

Personally, I appreciate the _opportunity_ to work outside of (in addition to) normal business hours. It allows me to take on more projects, and more important ones, work across time zones, and generally kick more ass than I would otherwise be able. There are plenty of "8-and-skate" employees at my company and in my role, but I don't _WANT_ to be one of them. I will determine my own ideal work/life balance and I will adjust it as I see fit. I am grateful that I don't have some beurocrat clown trying to tell me otherwise.

I don't think I'm in any more or less danger of losing my job than anyone else in my department generally speaking. If things go significantly sideways, I may be positioned slightly better than some others, but then again politics and nepotism play plenty enough role that "working extra" might not have anything to do with it. I can tell you this, though. I get more bonus money than most of the others in my department and I'm more likely to move in to management than any of them as well. I believe that because it's exactly what happened in my last job where I worked the same way and did make those advances.

The govenerment can try to enforce equality, but the only way it can is by preventing those who want to do more from doing so. It can only make people equal by enforcing the lowest common denominator. I'd rather we had equal _oportunity_ and then let us apply ourselves to whatever degree we see fit. The outcome will sort itself out accordingly. It's called freedom and I believe it works.

Comment Re:I'll wait and see (Score 1) 117

That's so quaint, you still won't cut the cord.

HBO and the other movie channels have had their chance. The cable is cut, they either get with the program and open subscription services to all ala Netflix/Hulu/Vudu/etc. or die on the cable-attached vine. Sorry for the loss of good programming but there's always new programming coming.

Comment Re:This kind of thing is why FDIC exists (Score 1) 695

Everything you say is true, however with Bitcoin we have *provable deposits* -- you can actually verify that your bitcoin is stored, or is not stored in the bank. MtGox, of course, did not support this, and due to their first mover advantage they were able to stay in business regardless. This is likely not something that will be repeated very often -- sooner or later people will figure out the security requirements to store their bitcoin. Of course, that's a moving target -- motivated attackers will then force us onto higher ground, but still.

Comment Pure Bullshit (Score 1) 361

Yet it’s important to remember that subsidy programs are a conventional business practice that brings down the cost of services for consumers. Nobody’s access is degraded. In an increasingly connected world, it’s a welcome development that carriers and ISPs are proposing market-oriented solutions to bring more people online while gaining a new revenue stream for network upgrades.

Is this a joke? Subsidy programs don't bring down the cost of services, ever. Access is 'degraded' by overselling services after the big ISPs use their subsidies for piecemeal upgrades that only pad profits, instead of actually improve the entire infrastructure. Carrier and ISP's market-oriented solutions are to bring more profits with the least amount of additional expenditure, and network upgrades are an accident of necessity. New revenue streams are about profits.

Comment Re:First! (Score 1) 254

Let's start with facial recognition of every person you walk by -- you can know who they are, what their interests are, what their occupation is, how you are connected to them and how much you can easily trust them and who trusts them of people you trust. Then we'll go to a dating app -- what lines/tactics have been used in getting in woman Y's pants? Applied psychographics apps to help suggest ideas of what to talk about and how to interact with people. Apps to allow you to share what you see, realtime, to anyone who needs it. Most of these are one app and some back end servers away right now. The data and most components needed to write it are already available.

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