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Comment: Re:So? (Score 2, Insightful) 351

by Imsdal (#46703283) Attached to: Isolated Tribes Die Shortly After We Meet Them
It's more healthy to live in the stone age because why, exactly? Average life span has tripled since the stone age, and that is generally considered the best proxy for health there is.

Also, the idea that we work more now than we did in the stone age is also completely wrong. A regular employee works ~1600 hours/year for ~40 years. That's less than 10% of their time. Stone age people certainly worked more than 10% of their lives (even though I agree that it may be a myth that they worked most of the time.)

Comment: Re:Won't work (Score 1) 342

by Imsdal (#46702409) Attached to: Australia May 'Pause' Trades To Tackle High-Frequency Trading
You completely miss the very obvious point that information from other sources may have a bearing on the value of a company. If I spot a trend in the subway I may draw the conclusion that some companies stand to gain more from that trend than other companies. Your static view of the world is way too simplified.

Comment: Re:alas ! (Score 2) 60

by Imsdal (#46522845) Attached to: Lego Robot Solves Rubik's Cube Puzzle In 3.253 Seconds
As others have pointed out, the optimal solution is never more than 20 moves, and this instance required a bit more than 20 moves, so it probably wasn't the very easiest of configurations. That said, I don't understand why this record isn't for "best average of 20 runs" (or some other suitable number). It wouldn't take more than five minutes to run it, and it would be a lot more telling about the actual capacity of the robot.

It would also be interesting to see the variance of the solving times. How consistent is this thing?

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

by Imsdal (#45398571) Attached to: Sweden Is Closing Many Prisons Due to Lack of Prisoners

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

by Imsdal (#45217243) Attached to: How To Lose $172,222 a Second For 45 Minutes

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

by Imsdal (#45210401) Attached to: How To Lose $172,222 a Second For 45 Minutes
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

by Imsdal (#45210331) Attached to: How To Lose $172,222 a Second For 45 Minutes

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

by Imsdal (#45209931) Attached to: How To Lose $172,222 a Second For 45 Minutes

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

by Imsdal (#44606001) Attached to: The College-Loan Scandal
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.

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