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Comment Re:the use case is to track users (Score 2) 49

What is short-sighted about it? If your content is worth it, people will pay for it, if it's not, then nothing of value was really lost then was it? There was a point in history where people created content on the internet not to make money but just for the sake of creating it and sharing it with others.

Comment Re:Subscriptions (Score 1) 109

I have no problem paying for content I deem worth it. Unfortunately most of the content on the World Wide Web isn't really worth paying for. Small time hobby sites can keep running with very little in the way of costs or maintenance. I feel like we are going back to the old days when people created content out of passion not for profit, the days of making a living as blogger are over and I'm not that broken up about it.

I think it will be a good thing when sites like facebook can't make a living off collecting and selling user data, and it will be a good thing for the country and the world as it makes propaganda and fake news harder spread.

Comment Re:Nobody here actually trades (Score 1) 186

How do hft's add to liquidity? How does taking potential profit from a seller and to liquidity? This is a zero sum game, hft's are making money by taking it from someone, they aren't creating money from nothing. I don't see how adding a 2 or 3 more middlemen for microseconds to transactions adds liquidity in any meaningful way. Sure it juices the trade volume numbers at the end of the day, but is juicing the numbers really a good thing?

Comment Re:Nobody here actually trades (Score 1) 186

I'd have to say no to that. Traders were that high in the 80's and 90's due to lack of access and technology to the average Joe. Fees came down due to volume and ease of processing said trades. You no longer needed someone at the exchange to actually make every trade anymore and people had better and more up to date and accurate market information thanks to the internet.

Comment Re:USA is communist (Score 1) 186

Yes how many traders or major banks faced any kind of criminal charges related to the shenanigans that led to the crash? I'd say not prosecuting led right to the libor scandal, or the numerous wells fargo scandals, but again banks only got slap on the wrist for the direct harm they caused millions of consumers with those. The pattern just keeps repeating. Fines don't matter compared to the profit made. Until a CEO earns those big bucks by being criminally liable for the wrong doing of his company its not going to change.

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