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Comment Re:Why do traders have such worst-case rules? (Score 1) 460

"Why this absolute pressure to trade nownowNOW?"

Because human beings have limited lifespan and no one really wants to work for the man. people want to have as much money as possible as fast as possible to exit the rat race and have their own kingdom as well. This is the basis of capitalism - greed.

Comment No, speculators are not necessary. (Score 1) 460

But for every investor, there has to also be a speculator, otherwise, the transaction won't ever get made.

No, this is just not true. The market can work without speculators, with investors selling to each other. Why? Because some investors will need to sell their investments in order to consume the return, while others will defer consumption in order to invest. If Joe bought AAPL at $10 on 1990, and then Mary then bought it from him at $45 on 2005 and holds it to date, both Joe and Mary are investors, not speculator.

Comment Re:Quip on Contracts (Score 1) 233

Many of us support the use of force to serve the public good, and feel that the public good is in fact the whole point of government and society.

I would not really disagree with either of those statements. However, in my considered opinion the initiation of force against non-aggressors never serves the public good. The purpose of government may indeed be to serve the public good, but I feel its fundamental nature as a legitimized aggressor can only serve to undermine that purpose.

I am not a utilitarian; I do not believe that it is possible to weight the benefits to some against involuntary costs imposed on others. The obvious corellary is that the only situation where the public good can be known to increase (ex ante, of course) is the one where all interaction is voluntary; the presence of any externalized cost whatsoever has the potential to completely nullify all possible benefit.

Comment Re:externality (Score 1) 875

Why do you believe that you have an inherent right to not have to pay for damage that your actions cause?

Strawman argument. I never said I believed that. And I don't believe that. If I have to pay a carbon tax, then I will - I was just pointing-out the consequences.

Comment Re:I have a better idea (Score 1) 460

Tax who? HFTs? Let's see what happens to spreads when you do that. Why... the spread would equal the tax. Regulate spreads? Why... HFTs just stop doing business. No trades until the spread narrows--but if you just delay trading until the spread narrows, you're really just hiding the spread behind a time delay.

No matter what happens, you pay more. There's smart regulation, and there's dumb regulation. Over-regulate, take all the new tech out of trading, and you bring us back to commissions measured as a percent of your trade! Examples of markets left in that backwater are physical commodities and real estate. Why? Because they aren't as liquid.

Comment Does Not Change Anything (Score 3, Insightful) 184

So my layman's knowledge of how we gather information on the composition of a planet involves with analyzing the spectrum of light reflected by the surface of that planet from its nearby star. While molecules in the atmosphere also reflect the light and influence it, what's below the surface is based on that assumption. From there we can use other methods to determine its size and how far it is from the star it orbits to check pressure and temperatures.

We cannot measure the water beneath the surface (to my knowledge) so the example of the earth's composition of water is moot. If you were to take the surface of earth covered by water and then that amount of water that contains life, I think the percentage would be much higher. The microbes and small organisms that our oceans are teaming with alone would be a scientific goldmine on another planet. Of course the deep trenches of the Atlantic and Pacific will throw off your rates but we can't measure them anyway on another planet or even water in the mantle ... so why is this even being brought up? The article even ends with the researchers agreeing that presence of water is still our best approximation and that there should be no change in strategy.

If water isn't good enough, what is better?

Comment Current treaties in development... (Score 1) 312

It's also worth noting that we're currently writing another arms-reduction treaty with Russia, and some Republicans are signaling that they may not vote to sign the treaty in part because they believe that it would limit our ability to develop a missile defense system. (There's a left-biased view on the matter here, I apologize for not having something more neutral immediately off-hand.)

Comment Re:What is the point? (Score 1) 240

That's not just AT&T. I have had both AT&T and Verizon -- even at the same time, when I had separate business and personal accounts -- and the coverage issue was equally sucky (just different at any given point in time). You learned when one phone was going to be better than another.

And the phones have a lot to do with it. The iPhone internal antenna must royally suck, because I can stand next to another AT&T customer who has a regular dumbphone: they might have four bars of signal strength while I only have one or two. Yeah, I've got antenna envy.

Comment Re:iPhone 4??? (Score 1) 240

I hate to take the piss out of you over this (who am I kidding? I'm quite pleased to do it...) but if the person they "set up" just handed to phone back to Apple there'd be no grounds for a suit. It's those who would take such a find and try to turn a profit off of it that would be at risk. Greed engenders risk; don't try to get what isn't yours to have and you won't run afoul of Apple's "dastardly plan", now will you?

Virg

Comment False sense of security (Score 1) 1

Unfortunately, this will only lead to a false sense of security and become a haunt for paedophiles looking for victims. It's sad, really, but how could Togetherville verify that a "child" signing up for an account is not some paedophile whose "parent" is the same person trying to fool the moderators of Togetherville?
It's a nice idea, and I hope they can find a way to make it work correctly, but I sincerely doubt it will work without extreme measures to verify identities that I doubt they'd be able to perform.

Comment Re:You dont steal, you copy. (Score 1) 753

Fair enough, creators (and I'm using the term loosely, to account for musicians and car designers, and that's only two examples) have to get paid so their salaries must be included in the price of the copies of their creations. So, riddle me this: why do musicians not have a salary, and why do cars cost the same after enough cars have been sold to account for the salary of the designers?

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