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Comment Re:Good job (Score 1) 72

Yeah, this has nothing to do with gamestop, and everything to do with gamblers who spotted the tell of other gamblers and made them pay. Gamestop will eventually fold, there is no doubt. But not before r/wallstreetbets cashes in their big pile of chips. I don't necessarily thing there's anything wrong with shorting a stock, but there really is no reason other than greed to get that far out.

Comment Re:Wtf? (Score 5, Interesting) 169

Exactly this. I watch MAYBE 2 hours of TV a month. I'm only paying for Netflix so my kids can watch cartoons. The second they start coming to me asking for the latest toy or game or whatever ad they saw, is the second I cut Netflix off. They're already marginally not worth the money, to me (I'd prefer my kids be out in the neighborhood running amok anyway) so it won't take much to push me out. I don't have a gauge of how many people there are like me, but I have to assume that introducing ads would probably be the last straw for a lot of people.

Comment Re:Easy way to verify stock ownership (Score 1) 19

That seems like the OPPOSITE of what this will do. NYSE already knows what you own, because they're talking to your brokerage. That was required when you bought it, it's required if you sell it. If you want to buy a stock on the NYSE and sell it privately, or on some other exhange, then maybe this would be true, but you'd still need to notify your broker, and the NYSE doesn't exactly want to make it easier for you to move assets off their exchange now do they?

They're doing this so they can sell data. Data that can allow HFTs to front-run your purchase of a coin or an NFT. That's what this is about.

Comment Re:No. (Score 1) 19

A bailout here is definitely not required. This whole thing is designed to rip off gullible investors. The rich guys who are pulling the strings here will make billions off this, and the suckers who get left holding the bag will all be too small for bailouts or government help. See all the pension funds that invested in Enron.

The economy will be fine, it's just going to get reshuffled, and the rich will get richer, the poor will get poorer.

Comment Re:Being set up? No they're not. (Score 1) 116

I can see you really want to look the other way, but seriously, you seem to not understand how determined some cheaters will be. If you as a student, use MOM's iPad to do it, or your little brother's kindle, or your boyfriend's android device? The point is, if a student KNOWS they're being watched, or if they SUSPECT that honey pots exist, they just go borrow a device from someone completely unrelated to their normal day-to-day usage, and they're golden.

BTW, this arms race has already given rise to proctoring services that use the microphone and camera on the testing device. Far more draconian than TFA. Not that I support cheating in any way... I just think the solution is on the other end. Fully randomized questions for online tests. Depending on the subject matter (say math, chemistry, poetry) it's really not that hard to permutate questions with roughly equivalent difficulty levels. My calculus professor did this regularly by using the same problem, and even the same pictures, but simply providing different inputs (like length of a pipe or whatever) The problem is teachers/professors are lazy and don't want to do the work to produce unique quizzes, or they employ aides to do it who are on the take.

I just think no mater how you slice it, the "establishment" is always going to be on the losing end of a technology arms race.

Comment Re:What's the difference? (Score 1) 185

You are right on a technical level, but missing the point. What goods besides ransomware and illicit drugs are natively priced in a crypto currency? If they exist I've never seen it. The pretense that "everyone will use bitcoin someday" is just that, pretense, because in reality, you don't want a massively unstable currency as your base currency, and the only thing keeping cryptocurrency in the news is it's massive instability. Once that goes away it will fall off the public's radar, which will then kill any chance of adoption. The ONLY thing that can make crypto become mainstream is also the thing that will kill it.

If you haven't seen it, look up "Line Goes Up" on Youtube.

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