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Comment Re:This is going to get worse with USB-C (Score 1) 118

Frankly apples lightning connector is the nicest plug design I've seen since the 1/8 headphone plug (which should be included in everything with audio, forever.)

I have to disagree. The damn things stop charging if you look at them wrong. It's the least reliable connector I've had to deal with since Nokia PopPort.

Comment Re:Hey look the flow rate is a little high. (Score 1) 179

I actually do this for a living, and I'm telling you that 1-second intervals would make the market less stable and more prone to price fluctuations. This would make the effective transaction costs for investors higher and put more money into the pockets of market makers. But sure, if that's what you want to do, pressure your market regulators for a change like that. It's more money for me in the end.

Comment Re:Hey look the flow rate is a little high. (Score 2) 179

How will you decide on order priority within the one-second batches? Price/time priority? Favours people with fastest connection as they can quote beyond the price they would be filled at when the batch trades and pull their quotes at the last moment if the market moves against them. Price/volume priority? Favours the bigger players who are pushing bigger orders around as well as people with faster connections. That's just two simple, obvious disadvantages to running mini auctions like this. If there was a simple solution, it would've been done already.

Some exchanges do implement technical measures to try and reduce gaming. For example KRX enforces fill ratio - there's a minimum proportion of your orders that must actually trade or you'll be penalised. This means you can't sit around placing orders and cancelling them all day with no intention of executing. But on the other hand, it means you can't readily quote, displaying an order at the price you're prepared to trade given current market picture and moving it when the market moves. This makes it harder for an investor to know what price they can actually get executed at, and leads to a silly game of trying to hit attractive orders as quickly as possible. So it still makes life harder for actual investors and favours the guy with the lowest latency price feed.

The main reason for the latency wars is just because margins are so thin. In the past, spreads were tens of cents. A market maker (back then typically one of the big brokers or investment banks) made tens of cents against the theoretical fair price on every security traded. Lower latency allows quoting tighter spreads (you can move quotes quicker if the market moves against you), so the market makers are making far less money per trade - only a few cents per security minus exchange fees and government taxes on every trade. Because the profit per trade is really low, it's a cut-throat competition to get as many profitable trades as possible.

Comment Re:Dare to be different! (Score 1) 128

Where's the profit in that? If a phone lasts too long they can't make money selling you a new one, and providing updates for old phones is just a money sink from their PoV (unless they charge for updates, but you'd crucify them for that, too), Lack of updates for phones isn't new - even in Nokia's heyday (5110, 8110, 8850, 8210 etc.), firmware updates were relatively rare, and you had to pay a service centre to install them for you.

Comment Re:Finland is not foreign? (Score 1) 98

The irony is that they only got their independence from Sweden thanks to a Russian invasion. Russia was worried about having German-friendly Sweden so close so they invaded Eastern Sweden and made it into semi-autonomous Finland. The Finns later took advantage of chaos in Russia as an opportunity to tell the Russians to GTFO. They later fought Russia in the Winter War, and tried to get Germany to help push the Russian border back in WWII (it didn't end well for Finland either time, unfortunately). You've gotta admire their self-serving opportunism - they played everyone off for their own benefit.

Comment Re:That's nice (Score 2) 142

They lost me as a customer. I used Macs for decades, but I've switched to Dell Precision for my desktop, and when my 2010 MBP dies, I'm sure as hell not replacing it with a Mac. The transition is a pain in the arse, but I'm not wasting my money on the crap they call pro models these days.

Comment Re:Not important (Score 2) 142

The trouble with all this is they still need people to create the content for iPad users to consume. Web content can be published from Windows/Linux easily enough with just some testing on target devices, but they still need a viable app development platform. If they alienate developers badly enough, no-one will want to use a Mac even to develop for iOS. What do they do then? Release tools for targeting iOS while developing on Windows or Linux? Part of their sales pitch has always been the "whole ecosystem" argument. Could they really kill that and still survive? They'd probably be reduced to receiving poorly ported Android apps.

Comment Re:Incentivized vs fake? (Score 2) 106

No, "whore" implies receiving payment, while "slut" (or "manslut" if you want to make it explicit you're talking about a dude) doesn't. Calling someone a "whore" means you think they're compromising their morals in exchange for payment while calling them a "slut" just means you believe they're being immoral/promiscuous without necessarily receiving payment for it. "Prostitute" is a bit different, it isn't really as much of an insult, and it's rarely used when the services in question aren't sexual.

Comment Re:Grace Hopper's resistance (Score 2) 126

COBOL really isn't such a bad language. It has some nice features, like native variants that map very well onto hierarchical data like XML. The biggest problem with COBOL is shitty COBOL programmers. The language makes it easy for idiots to make code that doesn't crash, so bad programmers can get poorly written code into production. Java has much the same problem, it isn't that Java's a bad language per se, just that it makes life too easy for bad programmers, so you get stuff that uses too much memory, allocates all the time, doesn't perform, and can't be maintained.

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