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actually latency is a HUGE issue for ALL internet connections. It's know as Bandwidth Delay Product and high latency links create problems with TCP window sizing, such that a typical internet link using geostationary satellites is limited to under 200Kbps. So that 20MB Power Point presentation is going to take about 15 minutes to download.
HFT is not about reaction times to public information. It is about exploiting timing so that a customer placing a single large order that can be fulfilled only through many different stock exchanges is taken advantage of by predatory stock scalpers. Scalpers, upon noticing the order would not be able to be fulfilled by one single exchange, instead buy the securities on the other exchanges, so that by the time the rest of the large order arrives to those exchanges the scalpers can sell the securities at a higher price. All these events happen in milliseconds not perceivable to humans but perceivable to computers. It really is about exploiting information before anyone else has had a chance to see it, which is essentially insider trading.
I think it's a Soviet thing.
Just because PayPal decides to tell you that they have the right to murder your baby and eat your dog, doesn't mean they can do it without consequence. PayPal does not have the authority to dismiss federal legislation.
In Canada, at least, we still actually have some semblance of a real justice system that is not for sale to the highest bidder. Robo-calling and spamming are quite explicitly opt-in only in Canada, and they MUST provide a means to opt-out.
Something similar was done by Miami drug smugglers in the 80's. They used to spray entire warehouses with marijuana residue so the dogs would trigger on every single box. Eventually, the cops just gave up using the dogs. Well, that, and the drug smugglers eventually just bought off the cops.
Anything less, is simply a step towards tyranny.
I think that is the point the OP was making. The US government (and it's various arms, subsidiaries, et al.) have made so many of those steps they have become tyrannical.
Actually, a more complete look at unemployment statistics puts it over 12% when you count for all the people that want to work, but have given up in frustration:
What could possibly go wrong?
There is nothing in there stating that the carriers must unlock the device free of charge. We got burned by the same sad lack of foresight in Canada: The carrier must unlock your device, and they will actually do it right on the phone with you in most cases, but not until you have paid the $75 fee!
They might have looked a bit alike on the surface, but Apple really did turn the industry inside out. All of the existing mobile vendors were struggling to implement their own proprietary protocols and develop their own in house apps, but they still considered it to be a phone with features. Kudos to Blackberry--they did some amazing stuff with the limitations they had at the time they first came to market, but they weren't paying attention to the where things were going.
Apple saw the future: just make everything use standard well developed and well understood protocols, with the new data standards at the time there was no longer a requirement to try and make every bit count in the data streams. It really extended the internet into the mobile market space, while blackberry was still trying to play gatekeeper and only give little submarine porthole views.
They also released developer tools so anyone could produce apps for their platform, and they made sure they had a product with enough horsepower to actually do useful stuff--really it was just an extension of the iPod. At the time Blackberry was still just flogging messenger.
Apple turned the problem-space upside down. They created a pocket computer that happened to be able to make phone calls. That is about as similar to a phone that can read email as a Barbie Power-Wheels is to a Land Rover.
The fix to this is to implement a really high tax rate (say 90%) on licensing fees paid to foreign companies. Suddenly it becomes less expensive for apple/google/etc. to try and funnel money out of the country and they pay US corporate taxes on money earned in the US. (also a 90% inheritance tax on inheritance over, say, $10M, would go a long way to fixing the dangerous imbalance of wealth, but that's another story...)
You may be right. Apple did not create the smartphone segment. What Apple did was create a whole new market segment: Pocket computers, that could make phone calls. (well, technically, mp3 players that could make phone calls...).
"But this one goes to eleven." -- Nigel Tufnel