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Comment Re:This is bullshit. (Score 1) 331

Taking your points in order:
1. Adding random delays to all trades will make life harder for (some) HFT traders, but will also add uncertainty to all trades. More uncertainty is rarely a good thing in the markets.
2. Ron Paul for higher taxes! (Hey, it's your sig, not mine). So you seem to support Ron Paul with your signature, but at the same time want more government interference because you think the HFT guys are making too much money. And you even want to use taxes to kill their business. The amount of cognitive dissonance is astounding.
3. HFT guys will love this. They usually stop trading when there is a chance of their trades being reversed. So making it impossible will just make it easier for them.

Comment Re:This is bullshit. (Score 1) 331

3. enact a rule that all trades stand.. erroneous trades made by a computer algorithm will never get rolled back

THIS. It is total bullshit that if your computer fucks up massively you get a rollback. Keep your winnings if you win, get your money back if you lose. What a deal for the big firms.

I think the HFT people would be the first to support this rule.

Remember the "flash crash"? From what I understand the reason the market went into freefall was that a lot of the HFT folk pulled out of the market when they though there was a risk their trades would be reversed. So they turned of their computers and the liquidity they added to the market disappeared. Result... market goes into freefall.

Comment Re:Could that be a lie? Or, is Amazon not doing we (Score 1) 207

OK, so this is anecdotal, and we all know the plural of anecdote is not data...

I buy lots of books, and I can barely remember the last time I bought a book from a source other than Amazon. Even the used books I buy I get through Amazon's marketplace. About 2 months ago I finally broke down and bought a Kindle. I bought it to use on my commute, with the idea that I'd finally get around to reading all the classics (which are free), but would rather buy paper books for anything else.

Two months later I have been completely converted to the Kindle. I now don't even bother looking at books that I can't buy on the Kindle. It kind of sucks, as a lot of publishers charge a premium on Kindle books (how the hell do they justify that???), and other books simply are not available. But the convenience of reading on a Kindle trumps the disadvantages for me.

So for me at least, buying paper books is now a last resort.

Comment Re:I disagree (Score 4, Insightful) 791

So here is something I always ask when people complain about H1B workers. You are going to compete against people from India/China/etc. no matter what you do. But would you rather have them in the US, where they have to compete against you while having the same cost of living as you, or while living in their home country where the cost of living is a fraction of that in the US?

Even better, a lot H1Bs go back home after a few years. However, during their time in the US they paid into the social security fund, a benefit they will never be able to claim. Unfair to them, but great for US citizens.

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