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Comment Re:Insider info (Score 0) 146

You're right, this is not insider trading. Insider trading is legal. Employees at publically-traded companies, including those in the C-suite, perform insider trades frequently.

What is not legal is trading on insider information. Insider information is information known before the general public knows it.

It does not matter if the time-interval between private and public knowledge of the information is only milliseconds. The point is that the recipients of this information have enough time to act on it before everyone else can. And that makes it trading on insider information. And that makes it illegal.

Comment Re:When milliseconds count (Score 1) 146

You just have to wait the correct number of milliseconds until it becomes public information, then execute your trade. I'll bet someone has figured out the delay to allow enough time for some model or another to run. All nice and legal, just like how the two term restriction only applies to consecutive terms.

Comment Re:you can now buy Inside Trading! (Score 1) 146

Something like that might deter high frequency traders who are basically exploiting noise. This is different. It's advance insider access to announcements that cause real changes. Well, that and the usual Trump noise, but even that usually takes well over 24 hours before it's obvious TACO.

Comment Re: If I were OpenAI... (Score 1) 16

Trade secrets are protected by law. You can't take them with you when you leave an employer. However, you can take with you your skills and knowledge.

How the courts make the distinction comes down to evaluation of various factors, such as whether the idea is valuable, whether it is not easily repeated, whether a company invested effort in developing it, whether a company took steps to protect it from public release, and so on.

Comment Re:Don't ever use hotel WiFi (Score 1) 30

Don't know about Canada. But in the USA, blocks of hotel rooms are sometimes reserved to house undocumented immigrants. Who, by definition, can't establish an identity.

"By definition?" No, I don't think that's the case. Undocumented immigrants lack immigration documents, not necessarily identity documents.

And presumably undocumented immigrants would need to present whatever identification documents they have when they check into a hotel, whether the tab is on Uncle Sam or not.

Comment Re:The speed of light? (Score 1) 45

apparently, the little widgets at either end of the cable are a potential national security risk.

To be fair, any place where cables are joined by a device is a potential attack-point. But it seems to me that it ought to be easy to detect a malicious device. After all, doesn't it have to "phone home" or output suspicious data that wasn't fed into it (e.g., viruses?)

Comment The speed of light? (Score 2) 45

Data-signals travel in fiber-optic cables at the speed of light ... in optical fibers. That's about 67% of the speed of light in vacuum.

Electrical signals in wires travel somewhere between 50% and 99% of the speed of light in vacuum, depending on wire thickness and geometry, and insulation.

Fiber-optic cables have many advantages over electrical wires, but speed of the signal is not really one of them. There are others, such as higher bandwidth, easier multiplexing, longer travel distances without boosting, no electrical interference, and incresed security (harder to wiretap.)

Comment Re:Don't ever use hotel WiFi (Score 2) 30

I did some googling and came up with this:

- In the USA and in Canada, hotels are required by law to keep records of their guests' identities;
- in Canada, law enforcement may obtain this information with a warrant;
- in the USA, a warrant may not be required, depending on jurisdiction.

Other countries generally have policies that resemble either of the above.

Comment Re: PDF (Score 1) 82

Right, lots of institutions send PDFs specifically because you can lock the text, provide specific form entry boxes, and get a reasonably secure signature. All of which are features of PDF, which is an open standard.

They don't send you a Word document which is arguably not an open standard because Word doesn't actually conform to it's own standard.

Comment Re: Get the scumbags destroying books (Score 1) 51

One small book seller said that in April,

It's right there. The last story on Slashdot about this was an ad from a company trying to sell books to AI companies. It makes a good story. Ad in some credulous people who suppy their own adjectives like "exponential" and there you go.

Probably a few (as in count-on-one-hand) companies are buying bulk books, one copy of each.

Comment Re: Let them choose (Score 1) 123

Because nobody was every "first" on any land.

Are we talking Wheel of Time, Battlestar Galactica or some version of Hindu or Buddhist infinite cyclic time?

Hawaii is in the middle of nowhere. Finding it is a very long shot that seems to have happened only twice. By the best evidence we have, Hawaii was first settled by Polynesians around a thousand years ago and stayed pretty isolated up until James Cook stumbled upon it in 1778. The queen of Hawaii was overthrown in 1893 by US marines and US fruit growers, and annexed by the US in 1898.

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