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Comment Re:The solution is simple. (Score 2) 251

So what's your advice for those who are arrested despite not committing a crime?

Most job applications only ask if you've been convicted of a crime. You can honestly answer no and simply not mention the arrests. If it comes up, don't deny it but explain the circumstances as best you can in a positive way. If those asking believe that it was something that could have happened to anyone, they're less likely to hold it against you. In short, be polite and truthful but don't simply volunteer this information to everyone you meet. There's a better than average chance that it simply won't come up, especially if it happened 10 or more years ago.

Comment Re:The solution is simple. (Score 4, Interesting) 251

Even if you prove that you're innocent of everything but similar fashion choices as a criminal, you still have an arrest record

Precisely. That is why Dale Carson suggests in the book that you don't dress in clothing that is commonly worn by criminals or at least the street walking kind. A suit and tie combined with neat personal grooming, clean haircut and respectful attitude is best and will buy you much leeway with most police officers, but at the very least avoid sports jerseys and baggy pants and be polite. The better that you look and act like an honest upstanding citizen the less likely the police are to stop or arrest you. If you drive a car, make sure that it's clean and well maintained. The basic premise here is to be the person that you want to be seen as, not the person that the police like to arrest. You might call that profiling and it is, but that's reality. These things are doubly true for young blacks and hispanics who are more likely to be stopped by police than a WASP, all other things being equal.

Comment Re:What can they learn (Score 1) 267

How about this one, hire an Indian firm to run a government level oracle database without actually testing it or including load-balancing and you're gonna have a bad time.

For the amount of money they spent on they could have hired call centers in low cost southern states to handle all of the signups by phone. Unglamorous and low tech, but effective. What matters here is getting the job done, not how pretty and mobile friendly your awesome website is (except that it doesn't work). In fact, the failed launch of is a perfect metaphor for the Obama administration itself, it looks good and has plenty of style but it has a hard time getting anything useful done.

Comment Re:HOW?? (Score 4, Informative) 620

This guy, Ross Ulbricht, made a number of critical mistakes irrespective of his use of TOR. For example, he posted on the forums using the user name "altoid" and then again a few days later on with the same user name. The court documents aren't clear on whether or not he was using TOR at the time he made those posts or when or how he created those accounts in the first place. Apparently, these were some of the earliest public posts promoting what would ultimately become the Silk Road. Eight months after that, the "altoid" identity was used again on the bitcointalk forum to advertise for an "IT pro in the Bitcoin community" to hire for a job with a "venture backed Bitcoin startup company". This was critical because the email address for the job posting was rossulbricht at gmail. So this guy used his real email address (which contained his real name) posting as "altoid", the same account that had earlier promoted the Silk Road concept on both shroomery and bitcointalks: epic fail. . From there it was proverbial cake for the authorities to monitor his Google accounts and trace the IP address of his logins to an Internet cafe in San Francisco. They also found that he had an account on the Mises Institute website (an Austrian Economics organization) under Ross Ulbricht and the Silk Road website also linked to the Mises Institute website. Yet more evidence, albeit circumstantial, that Ulbricht was the one behind Silk Road. Game, Set and Match to the the 3 letter agencies and the USSS. Have a nice day.

Comment Re:Oh no! (Score 1) 1532

will all be free to live out the rest of their lives without trouble

If you count living out the remainder of your days in old age on a miserable pension as not much trouble.

or if they're lucky get cushy executive or high-ranking government jobs?

Were there any formerly high ranking ex-Stasi who made it into cushy executive or high-ranking government jobs? I suppose that it's possible, but it seems improbable given the infamous nature of their former employer.

Comment Re:Oh no! (Score 1) 1532

On the night that the Stasi headquarters building in Berlin was stormed there were large crowds of people and they were very angry. They overpowered the police and forced their way in to stop the destruction of records. It was a very angry mob situation and it could have been much worse if not for some cooler heads in the crowd who prevailed upon the people not to harm the few police trying to stop them (although they were pushed aside). In Leipzig, where the ropes and knives chant was used by the crowds, the police barricaded themselves in and were prepared to use machine guns if pressed. It was a dangerous situation and it very nearly spiraled out of control. It's fortunate that it wasn't much worse, but it still wasn't a very good day for the ex-secret policemen, all things considered.

Comment Re:Oh no! (Score 2) 1532

never know who is listening in.

Whoever they are they would do well to remember the fate of the Stasi in East Germany when the wall came down and the people finally had their revenge. I believe that the chant from the crowds on that day was something along the lines of, "the ropes are ready and the knives have been honed". Yeah, that wasn't a good day for the ex-watchers.

Comment Re:Don't understand (Score 1) 452

That would be OK, but on the other hand the guy who wanted a bike didn't necessarily want to pay as much.

The buyer could have walked away if he didn't like the price.

I just don't see why some fast-moving little bastard with special access should get to siphon all the value out of the transaction between us.

That's why you never put in orders at market. You always buy and sell with limit orders. If the order can be fulfilled at a price that you are willing to pay or accept then it happens. If not, the order remains active until the target price is reached and any other conditions, such as all or nothing (AON) or fill or kill (FOK), are satisfied. As a human investor, and not a computer, you prefer to have the price you want rather than certainty of execution at a certain time. You cannot win on timing, but you don't also have to lose on price. Will it be the end of the world if you cannot buy or sell at any given second? For most small investors the answer is almost certainly not which means that you can afford to be patient. That's your advantage. Let the high frequency traders pass their shares around like hot potatoes thousands of times per second, it's meaningless on time scales of months and years because the long term value of the investment will always trend back towards the long term value of the underlying business or asset.

It's because the consequences are far greater for us than past generations. We need the most optimal outcome just to get by.

Whether or not your order executed at $3.50 or $3.52 doesn't make a damn bit of difference over the long run. Learn the lessons of Warren Buffet and you will realize that the intense focus on high frequency trading is a tempest in a teapot for the long term investor.

Comment Re:Don't understand (Score 1) 452

You asked for $500. Presumably you were happy selling at that price. If you wanted more then why didn't you just ask for more in the first place? If you buy a Powerball ticket and don't win are you mad at the persons(s) who did? A curious trait that I've observed in young people, especially the so-called millenials or Gen-Y, is that they spend inordinate amounts of time agonizing over the minutia of every decision, whether important or not, because they're terrified of making suboptimal choices and regretting it later. Life is full of imperfect choices and suboptimal outcomes. Most of us learn to live with that, but a few never do and spend their lives in anger and frustration over what's fair and what's not or what might have been.

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