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Comment Re:How is this different from arbitrage on the NYS (Score 1) 171

Lucky for us, the BOTS on Wall Street failed to get their own BOT into the White House a month ago...

Right, yeah, the guy who lives in a gilded tower with his name on it in the middle of New York City is really going to stick it to all of those Wall Street people, isn't he? I mean, if there's one person who really understands the common people, it's a guy living in his own 200-meter tower who covers anything he can in gold.

Comment Re:How is this different from arbitrage on the NYS (Score 2) 171

The only "liquidity" that HFT "enhances" is in the bank account of the person controlling the software. It really is parasitic. It feeds off the system without adding anything to it. If I put in an order for a stock at $3 per share and some computer sitting between my broker and the exchange notices that the price is now $2.99 per share, and they buy the shares at $2.99 in order to sell to me at $3, that doesn't do anything except give money to the person who paid however much was required to have only a 3-meter cable between their computer and the trading computer. The people benefiting from the system have a wide range of words that they use to try to explain why it's actually a good thing that they're getting paid for not doing anything, but the reality is that the money belongs in the hands of the seller.

Comment Re:More regulations stifling businesses. (Score 5, Insightful) 171

Ticket retailers are both a monopoly and an oligopoly. Essentially all retailer has a monopoly over a given venue. The venue may be allowed a small amount of ticket blocks which are used for their own purposes (direct sales, gifts, charity, marketing, etc..) but the vast direct-sales come through a single distributor.

Those ticket distributors are largely an oligopoly, since venues only want to deal with reputable outlets with large market shares in order to maximize sales.

All of them (Venue, Talent, Distributor) have a very shaky interest in eliminating scalping at all. Tickets are sold, the stadium is filled, most people are happy. Scalping only hurts one group of people: Consumers. In the long long term, people will be so jaded with going to 'ticketed' shows that the attendances will drop below capacity. That also hurts the smaller acts far more disproportionately than the rich ones (which have a more captivated audience to saturate the scalping tax). The arts dies and we all point fingers at one another instead of 'fixing the problem', whatever that looks like (I've given my 2 cents in a different post).

Comment Libertarian click-bait article (Score 0) 171

The first problem is simply enforcement. First, the individuals must live in the US (commonly not the case) to prosecute. Secondly, one needs to specifically identify legal vs. illegal forms of ticket buying/scalping, which doesn't seem trivial (based on the article summary anyway).

If scalping is legal (in your local jurisdiction, etc..) then the sky's the limit. Having bots buy your tickets or you mashing your computer is the exact same stupid thing.

Here's one possible system to defeat scalpers: Have a lottery with CC numbers held ahead of time when enrolling. If you want to enrol in the lottery without a CC, you must physically walk to a ticket retailer and leave some other form of unique ID. Hold the lottery open for a few weeks then start randomly drawing winners eligible to 'win' the right to pay for the tickets. If all the tickets aren't sold in that period, they go into the classical sales model and get sold FIFO.

If the tickets were brought by means not intended or allowed from the distributor, have a clause that can cancel the ticket at any time if found in violation of purchasing regulations. The person buying the 'now counterfeit' tickets will get burned and they may end up not using grey market tickets again. To protect legal resale, have the venue/distributor put up a system to verify that the tickets are legit and transferable. Once a purchase has been 'blessed' for transfer, add the ticket number as a legitimate ticket for interested third parties to verify. A system like this also helps inform the populace that there's an easy way of telling a legitimate ticket from a bogus one. Maybe eliminate tickets all together and just have online accounts, with transfers managed in-site. Ticket sales fraud would essentially die.

But, you know nanny state and all that. Idiots deserve the right to get soaked/ripped off, etc.....

Comment Re:Well... (Score 1) 105

No, what he is referring to is that you get into a command shell, you can invoke an unsigned PowerShell script with PowerShell.exe -file. But that's not much different than source in bash.

But it's hard to imagine a social engineering attack that would get a user to download a file and then get them into a CLI session to override execute flags or signing to invoke the script file.

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