Comment Isn't that what the stock market does already? (Score 1) 168
You can buy shares in Amazon, Rackspace, etc. So if you want to profit based on value of cloud resources just buy or sell shares in the companies which provide the resource.
You can buy shares in Amazon, Rackspace, etc. So if you want to profit based on value of cloud resources just buy or sell shares in the companies which provide the resource.
Um, although I actually agree that there needs to be more regulation of AirBNB practices in NYC, you don't need a permit to rent real estate. I don't know exactly what differentiates a hotel from an apartment in a multi familiy, but I know I don't need a permit to rent the top floor of my house which has a certificate of occupancy, unless you include that.
NYC should NOT be able to subpoena AirBNB, mostly because it's too big a net. Open that door and they can search every house in a neighborhood because one person was seen selling drugs.
Because when you live in the close quarters of a city everyone agrees to certain rules. Hotels are zoned and licensed so that you know that when you decide to rent an apartment from someone that all of a sudden you don't find yourself with neighbors who are not vested in the neighborhood. Then there are the issues of making sure that fire codes are being upheld, etc.
Just as I may not understand the logistics of living in suburbia or the rural US, I think many folks outside major cities don't understand that there are some rules you want in areas with high population densities. The rules are there because people wanted them, not because the government arbitrarily wanted to make them.
If I lived in a house next to you and started burning garbage in my backyard everyday I'm sure you would want some law that regulated how I did it even though it's on my own property.
Could you get a restraining order against someone who just followed you around? I'm not sure you could, unless there was some reason to think that they were also going to invade your privacy. Why wouldn't movie stars have restraining orders against all of the paparazzi if you were allowed to do this?
So very true. Wish I could mod this comment up.
Everyone whines about HFT, but don't realize that it actually does add liquidity. It also means that the people trading do take their risks, and have to pay for them. It's a fair trade. LFT (Low Frequency Trading), is not necessarily any better. The AMEX used to have "specialists" that were on the floor who were supposed to make sure that the trading happened smoothly, what actually happened was that the "specialists" were basically given the right to "skim" off the top, just like HFT traders do. Before everything was electronic, orders would hit the exchange and the specialists had a chunk of time to decide on what they wanted to do. In that time, they would see what was going on in the market, and make sure they could do both sides of the trade and make the bid ask spread. The difference between then and now is that then they had special privileges that no one else had.
Then there's the fact that the stock exchanges in the US almost stopped in the 70's because they were too slow. No one could keep up with the paperwork. That's when the DTC was created http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation. If you think trading was more scrupulous then than it is now, you are out of your mind.
Frankly, if you don't like the stock market, don't put money into it. I personally find it hard to put money into a company I really know nothing about. If you do enter the market, via a broker or your 401k, then you should be happy it's as efficient as it is. It costs fractions of a penny for each share as a transaction cost. Compare that to your house, which probably ran 3-6% for just the brokers fee, then lawyers, then all the other closing costs. You could do a similar transaction of hundreds of thousands of dollars of stock on the stock market for next to nothing and if you put in a limit order, you won't lose anything to the HFT traders.
How many hardware guys does it take to change a light bulb? "Well the diagnostics say it's fine buddy, so it's a software problem."