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Comment: Re:Security (Score 1) 76

by BitcoinBenny (#47490875) Attached to: The Hacking of NASDAQ

Yeah, HFT encryption is spectacularly rare. I think the argument that the links is short doesn't make much sense to me. If you are talking about third parties hacking the link I guess maybe you make a point, but that wasn't the attack vector I was thinking about. I was talking about third party HFT firms getting hacked and then leveraging those short, encrypted and insecure connections into matching engines to cause problems. I guarantee you that there are exploitable vectors into some of these major markets.

Comment: Re:VIM (Score 1) 359

Vim is the best editor. I think many people who use Sublime or some other random text editor and think it is good have not devoted enough time to understanding Vim. If you know Vim well, it may very well be the last editor you ever need to use. I'm also under 40, and nobody forced me at gunpoint to pick up Vim, and have at some point at least tried every major IDE and editor in existence.

Comment: Javascript (Score 1) 466

by BitcoinBenny (#47240917) Attached to: Ask Slashdot: Best Rapid Development Language To Learn Today?

I'm not a huge fan of the language, but it is absolutely everywhere. Completely pervasive and very accessible.
By learning javascript you can:

Build cross platform web based front ends
Do cross platform mobile development (Cordova/Phonegap/Titanium)
Build backend systems, apis (Node.js)
Interface with tons of third party systems and services which have exposed restful/json apis.

So from a practical perspective it is definitely the way to go, most bang for your buck. Shallow learning curve, lots of use cases. If you are already programming in C and Lisp this will be a breeze.

Comment: Re:AWS Email (Score 1) 75

Does anyone else think this doesn't make any sense?

So, you give them the key to encrypt your data with, and they couldn't possibly store that key, intercept it or otherwise save it somewhere for later?

This is pretty much how all of the cloud providers operate though, the moment you hand over the keys to an intermediary its over.

Comment: Re:A bicycle light - pathetic (Score 1) 103

I agree that we need to do better, but the funding for hardware startups isn't there. The risks are perceived as being too great, and long gone are the days when someone builds an Apple I in their garage. I thought the Novena laptop was a good step in the right direction, but that clearly demonstrates the challenges involved when competing with hardware designed at scale. Software is just so much more accessible and cheaper to build.

Comment: Re:they don't take capital risk (Score 1) 382

by BitcoinBenny (#47178265) Attached to: High Frequency Trading and Finance's Race To Irrelevance

We are going to have to agree to disagree. I haven't read Lewis' book, but I do have a fairly significant background in trading. All you have to do is look at the bid/ask spread and tick data from the late 80' until now to see the massive change technology has introduced. You can also see how the banks have reacted to this competition by trying to take their business into sheltered exchanges where the market is more "fair" to their interests. You can execute a trade at a fraction of the cost and the spread is tighter than it has ever been, how can there be any argument that individuals aren't getting excellent pricing and liquidity. If anything I think the move into dark pools is far more insidious as it prevents public price discovery. The outcry over extremely well funded players who have invested tens of millions into people and technology in order to "win" versus the average person who gets a good price and can always fulfill an order for $5 on E-trade is silly. Normal people aren't competing with HFT companies in either scale or timeline, and in aggregate are reaping substantial savings due to the insane free market competition between them. I'll see if I can pick up that book, but experience tells me a very different story than the one people on slashdot keep touting.

Comment: Re:they don't take capital risk (Score 1) 382

by BitcoinBenny (#47175797) Attached to: High Frequency Trading and Finance's Race To Irrelevance

There is nothing guaranteed about it. The market is entirely open in that regard. If you have the capital and the expertise then beat them at their game. If they didn't lose any money then they were just really good at it. Every time you place an order you are taking a capital risk, you may be on the wrong side of the trade, your systems may crash, or your competitors may be better than you, or any number of a thousand other things that could make you lose money. You don't win for five years straight by being a rent seeker, it is perhaps the most competitive technology sector in the world.

Comment: Re:Asset Bubble verse Rent Seeking (Score 1) 382

by BitcoinBenny (#47175299) Attached to: High Frequency Trading and Finance's Race To Irrelevance

I have to disagree. HFT is not rent seeking. It requires extraordinary amounts of capital and technology in order to be successful in HFT, and similar amounts over a long period of time in order to remain so. People seem to forget that HFTs inject real money into the market in order to operate, which means they take capital risk and also reap rewards if they are good at what they do. It isn't anything like sitting on a piece of land and collecting rent, the comparison is absurd.

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