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Comment Re:Control... (Score 1) 926

But don't expect me to pay lip service to a God that, to me, comes off as a petty, cliquish and vindictive sort, according to your own holy books.

That was only in the Old Testament. In the New Testament, he is caring, loving and forgiving. What happened in between? He got laid!

Comment Re:Those damn socialist! (Score 1) 752

I'm really not sure what you are getting at here. Have you never heard of anyone using cocaine or heroin without doing stupid things? I have. In fact, only a very small percentage of usage leads to people doing stupid things. Conversely, surely you have heard of someone doing outrageously stupid things after drinking alcohol? There are in fact TV shows dedicated to this very phenomenon!

As for your discussion about the level of addictiveness, alcohol is more addictive than many drugs.

Comment Re: This is what I like best about /. (Score 1) 327

But, despite this correction, during that period of instability, a lot of people's businees were hurt, so they go to the govenment and demand retribution- You think that process should be 6min too?

So who exactly are those people whose business were hurt? You are right that a number of crybabies (with amazingly influential lobbyists backing them up, sadly) did go to the government and demand retribution, but that's simply pathetic. I don't think that process should take 6 min. I think it should take 0 min.

I can see how some people are upset that they sold Apple shares for $0.01. But really, if they are that monumentally stupid, I can't see why it's the government's business to stop morons (here used in the clinical sense, and not (only) in the derogatory sense) from doing stupid trades. I can see the downside, but I completely fail to see any upside to it. Please explain the upside if you disagree.

Comment Re:There should be a mandatory one second delay. (Score 1) 327

Not only are you welcome to do so. As a retail investor, that is actually a great idea. In the auctions, liquidity is concentrated and an optimum amount of volume is traded at the same price for both buyers and sellers (obviously). If you trade infrequently there is no reason to ever trade outside of the auctions. And if you trade frequently, you probably haven't understood how the market works and as such deserve to be ripped off by people who do understand.

Comment Re:There should be a mandatory one second delay. (Score 1) 327

If trading at a speed faster than some arbitrary limit you just made up is such a bad thing, why don't you start an exchange that operates under these conditions? Seems like a definite win to me. "Individual investors" would apparently find your market model more lucrative and flock to your solution. More money for you, more money for "individual investors" and less money to HFTs. Seems like a huge win for society.

So why don't you start such an exchange? This question isn't rethorical. There are literally hundreds of exchanges/trading facilities being started every year all over the world. Have you stopped to consider for even one second why almost none of them were operated along your ideas, and why every single one of those that were failed miserably? Could it, just possibly, be that you don't quite understand how HFT works and exactly who they are extracting money from?

Comment Re: This is what I like best about /. (Score 5, Interesting) 327

You could argue that "the free market gave a dumb corporation a 400 million dollar bitch slap in less than a hour" is funny, but actually it,s insightful. It's the perfect example of how companies could and should be punished for doing stupid things.

And here's an even better example: the flash crash of three years ago. In a few minutes some algorithms went haywire and stock prices dropped dramatically, in some cases down to 1 cent. Clearly that was wrong. The free market fixed this issue in six minutes. That's pretty fast, if you ask me. The government is still, three years later, thinking about what to do about it. Really!?

Comment Re:at some point... (Score 1) 827

It is factually incorrect to say that taxes in Sweden are 30%. They are way over 50% for everyone, and the marginal rate is way over 70%. This is partially hidden in "employer fees", so you can't see them on your pay slip. However, they are obviously paid for by the employee in the end, in exactly the same way that VAT is ultimately paid by the consumer, not the retailer, even though the retailer is the one transferring the money to the state.

We do pay more for services in Sweden, but it is true that when tuitions and health insurance are included the difference shrinks.

Submission + - Dragon's Tale: A Bitcoin-based Gambling MMORPG (dragons.tl)

Teppy writes: Since founding eGenesis in 1998 I've been the lead designer of A Tale in the Desert. Though ATITD never attracted a huge playerbase, it still has fiercely loyal fans, and proved that MMORPGs could be about things other than combat. About 3 years ago I decided to create another MMORPG, again without combat, and this time focusing on real-money gambling. In Dragon's Tale you level your character by completing gambling quests; as your level increases, new areas of the game can be explored, and new types of wagers become possible.

As you gain levels you can mentor new players, capturing a percentage of their gambling. You can create gambling events for others to play, putting up prizes and even charging entrance fees. You can gamble your way to political office, becoming governor of an island, and exercising the powers that go with the office.

I've made every game in Dragon's Tale unique: There is not a single slot machine or blackjack table to be found. But you can tip cows for money, run monkeys through mazes, feed ducks, go fishing, drink, smoke, 60+ different games in all, and new ones are being added all the time. Sort of a Disneyland for gamblers.

We're going to Beta on Friday, 12:00 Noon EDT with native clients for Linux, Windows and OSX.

Security

Submission + - New Phishing Toolkit Uses Whitelisting To 'Bounce' Non-Victims (securityledger.com)

chicksdaddy writes: "Researchers at RSA say that a new phishing toolkit allows attackers to put a velvet rope around scam web pages – bouncing all but the intended victims.

The new toolkit, dubbed “Bouncer,” was discovered in an analysis of attacks on financial institutions in South Africa, Australia and Malaysia in recent weeks. It allows attackers to generate a unique ID for each intended victim, then embed that in a URL that is sent to the victim. Outsiders attempting to access the phishing page are redirected to a “404 page not found” error message.

Other phishing kits have used IP address blacklists to block anti malware companies from viewing their malicious pages, but this is the first known use of whitelisting, RSA said.

The phishing attacks that RSA technicians discovered that used the Bouncer kit were designed to harvest login credentials from financial services firms. The whitelisting feature may well work, especially given the volume of potential phishing pages that security companies review each day. Getting a 404 message may be enough to get a forensic investigator or security researcher to move on to the next phishing site, rather than investigating."

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