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Comment Re: Teenager in a 72 year old's body (Score 1) 205

What about viewers? For movie makers to make new movies? The people who cannot pay are copying anyway.
Those who can pay may also understand the reason to pay. Give your $15 streaming subscription to the people who made the movie you liked most that month and they will be able to produce the next. If it doesn't work out they can make a kickstarter to collect the rest of the money. If their project is promising they have a good chance.
Yes, that doesn't work out currently, because too many things would have to change at once. But it would be the better model for everyone. Do alone the calculation what share Netflix gets. Or do the calculation, what share Netflix pays to use the different DRM schemes they have (e.g. Widevine license fees for browser support). There are a lot of middlemen you can cut if you give up the anti-piracy game and just charge for your content upfront.

If that could happen, then why doesn't it happen now? There is nothing stopping anyone make movies that way today. The fact that it doesn't happen suggests it is not really viable.

Comment Re: Lack of information.... (Score 1) 37

There is no front-running going on. You cannot submit your order ahead of someone else's order - the trades happen in the order received. By the time the order shows up, it's public knowledge.

I know that it is not front-running in the strictest sense. However, they are essentially using information about market dislocations, and their speed advantages to put themselves in a position to profit from trades they know are almost certain to happen. I do not see why exchanges couldn't just share information directly and fill orders with each others without having HFTers put themselves in the middle.

Comment Re: Lack of information.... (Score 1) 37

I donâ(TM)t think we need a tax on transactions.

I donâ(TM)t mind HFT if they are genuinely responding to what they observe to be asset misprints. Is the front running of othersâ(TM) orders that I think is most egregious.

Therefore my solution would be to timestamp all trades, and have a computer solve for the fairest price based on the order of the trades after a small delay. So if a HFT company sees a big order in one location, and they try to front run it, they will be put in the back of the line, and the orders will be filled after the big order they were trying to front run is executed.

To be clear, they would still be allowed to cancel their order, but that cancellation needs to be sent before someone else has accepted their order.

Comment Re:Even simpler solution (Score 1) 46

It may not erase your debt, but there is a cost to debt recovery, and the typical value of a phone means most companies do not want to bother with debt collection on such a small amount.

Sim locking is a "good" way to prevent a customer taking advantage of a discount to acquire a phone cheaply from one network provider and using the phone with a different network.

I don't have a problem with it if the company makes it clear that the phone will only be mine once I fulfil my contract.

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