It's artificially pumping up the price of a transaction for the two endpoints
..eh? Do you even know what you are talking about?
..pumping up BOTH the bids and asks? Then doesnt the people that already had asks get their price?
It really doesnt seem that you know what you are talking about. The only way the HFT can get action is if they have the best bids and asks on the table. That means they have either improved on the existing prices, or picked up what the existing buyers and sellers had on the market. In the first case anyone looking to trade get better prices, and in the second case anyone that was previously looking to trade got the prices they asked for.
And I'm 95% sure this is NOT the case. If you have proof otherwise, now is the time to show it.
Even if this "HFT is bad, mmmmkay" sheep were to have proof of that, it would still be irrelevant. The hft only gets the trade when its bid or ask is equal to or better than the best on the market. You dont get any trades simply by being first and choosing your own arbitrary price. The price cannot be worse than the other folk that are also bidding or asking.
The basic situation is thus:
There exists a best BID and a best ASK. There is a gap between these two values or else a trade automatically happens.
As an example, the best BID is $0.95 while the best ASK is $1.05. If the HFT submits a BID that is only $0.94, then he never get a sale while that higher $0.95 BID is there. The same is true in the case of the ASK: The HFT must ask for less than $1.05 or he doesnt get the next trade.
So how does an HFT make money? The HFT makes money off the people shouting "buy! buy! buy!" or "sell! sell! sell!" without regard to price. The HFT makes money off of the people in a hurry because more often than not, both the best BID and the best ASK are an HFT. Nobody else is BIDing more, or ASKing less.
Lets examine who gets hurt:
BIDDERS do not get hurt because they have already chosen a price.
ASKERS do not get hurt because they have already chosen a price.
BUY NOW! folks don't get hurt because they are joined with the best ASK.
SELL NOW! folks don't get hurt because they are joined with the best BID.
So nobody gets hurt. How is it possible that the HFT can make a profit but nobody gets hurt? Its possible because the HFT's actually creates value..The market is more efficient because they exist, and that increased efficiency is spread out between all the players, of which the HFT is only one party.
in practice hft sits between the buyer and seller who would exist regardless of the hft existing. that is the whole point of hft. the hft skims money from both of those people,
The hft doesnt get the sale unless it offers the best price. That price is better for the seller if the hft is dealing with the seller, and that price is better for the buyer if the hft is dealing with the buyer. Full stop.
If the EFF really wants to take a bite of Orwellian ass, they should campaign relentlessly to have the phrase "identity theft" replaced by the phrase "credential theft".
It used to be that when someone convinced the bank to given them your money, it was called a bank robbery.
I have. Nobody is saying "because it records" -- they are saying "because you never know when its recording" --- stop looking for an excuse to be a creepy fuck --- even with the excuse you are still creepy --- nobody is going to shed a tear when your being creepy gets you into a jam
Why is it that makes people think Glass is nothing but a surveillance device SPECIFICALLY conceived to record them and absolutely nothing else?
You are a first class idiot for thinking that this is the problem. The problem is that while surveillance devices exist, that is all they are. This Glass shit isnt just a surveillance device.. its a surveillance devices selling itself as "more than a surveillance device."
If you have a device that is only used for surveillance on you, then you have no excuses when you get your teeth kicked out of your mouth for using it. But now with Glass you can do the same shit but you have the perfect excuse, "I wasnt recording you, I was just looking up dolphins." -- now that step of being an intentionally creepy stalker fuck will only have consequences so long as we beat the fuck out of every single Glasshole, regardless of their intent. The beatings will continue until you admit the real problem, and that problem is that now you think you have an excuse for being a creepy fuck. You don't.
For example it claims the FX-8350 has much better single thread performance (1,512) vs (1,217) which is not supported by any serious review I can find.
Its supported by the one you linked to, whose results you either clearly misunderstood or completely misrepresented on purpose.
You claimed that the Intel won 9 benchmarks while the AMD only won 4, but in actuality when someone carefully looks at the results its the Intel that only won a single benchmark, not the 9 you claimed, while the AMD won the other 12. Note where it says "lower is better" and "higher is better" you are supposed to use your brain in order to interpret the results rather than misrepresent them.
So you are either a complete fool that nobody should pay attention to, or a liar that nobody should pay attention to.
This lying fuck claimed that the Intel won 9 of the 13 benchmarks in the link, but the Intel actually only won 1 of the 13. Right there in plain site, from the ignorant lying fuck Intel fanboy.
The AMD in question is winning against the Intel in question in single threaded, and winning greatly in multi-threaded. However this AMD chip, at $200, is not really what the GP was talking about. He was talking about ~$150 APU's that also saves him money on a video card.
...what does any of that have to do with spending $200 more than you need to?
You dont seem to get it. The Iris Pro is touted for its performance, but that performance is only enabled by an expensive ram chip bolted to the CPU, and compared to other $200 solutions, completely sucks. The fact that you irrelevantly have some shitty Dell that you stupidly purchased (do you also use AOL to connect to the internet?) doesnt mean anything to anyone.. The Iris Pro isnt made a good choice by your bad choices.
No...not everyone. Going from DDR2 to DDR3 netted fractional gains in real world applications and indications are that the same will be true going from DDR3 to DDR4.
To put a bullseye on this, its because latencies havent really changed. Its a rare workload that isnt either CPU limited or RAM latency limited, rather than RAM bandwidth limited. DDR4 isnt going to change that.
Look up the price difference between a chip with Iris Pro and a similarly spec'd chip without. How does the Iris Pro compare with a $200+ stand alone GPU?
ding ding ding.. now you get it.. the Iris Pro is crap, not because it doesnt perform, but because it costs many times what its actually worth.
7 billion people on Earth. Say 10% are on the phone at any given time.
Why would I say that 10% are on the phone at any given time? I would be laughed at for making up an outlandishly liberal number.
Who the fuck is averaging 2.4 hours per day on the phone? maybe someone whose job it is to be on the phone all day... but nobody fucking else. Now you might want to show an exception to this, but it would just be the exception that proves the rule. The rule is that you are so incredibly bad at making things up that you don't even notice when you just claimed that on average, the average person on earth is on the phone 2.4 hour per day. This average includes the billions of people without a phone at all, so really you are saying that the average person that actually owns a cell phone is talking on it for 4 hours a day or whatever.
Here is a tip: If you want to play the "I can calculate that" game, why not while "calculating that" also calculate the numbers you start with, rather than pulling them out of your ass.
When speaking with an Egyptian co-worker (a Christian who finally got the rest of his family out of Egypt only recently) he had remarked that the reason that most people in the world take what Americans say on television so seriously because in most of the world (Egypt for example) you cannot say things on television that the State doesnt agree with without getting into serious trouble, so they myopically assume that the same must also be true in America. If Timmy Talking Head says that he hates Muslims on American T.V, and the American government didnt arrest him immediately, then most of the world assumes that the official State position of America must be to hate Muslims.
Now here we have some myopic American assuming that the rest of the worlds media is just like American media. Its not.
Now as far as Putin, NPR recently had an interview with chess Grand Master Gary Kasparov who has for a long time been outspoken against Putin. He pointed out that the KGB had a file on Putin long before he became the glorious leader which included a personality profile. The KGB had determined that Putin had an unusually low sense of danger, the kind of guy that thinks he can get away with just about anything, and that might include launching a nuclear first strike against America.
Kind of like the Walton family - yeah, they really worked their asses off to get the Walmart fortune.....
You have no idea what you are talking about. You probably think the Waltons money was paid out by Walmart in the form of executive salaries too.
The Waltons are insanely rich because what they own (Walmart stock) is insanely valuable, and yes, they worked their asses off to make that so. Your bullshit gripe about the Waltons might (probably not) make sense if you were talking about other holders of Walmart stock. But since you had no idea to begin with how the Waltons vast wealth became to be, its hard to imagine that you had any clue at all about any sort of real valid argument.
Stop being a petty jealous fuck that talks about shit they are ignorant about. The Waltons are insanely wealthy because they can sell their stock to your retirement fund, and because your retirement fund values that stock it gladly pays for it voluntarily. You were not harmed in the making of the Walton fortune you ignorant jealous fuck..
When extending life wipes out decades of productivity, of which only a fraction is saved, then there is something wrong with the lengths taken to extend life. Of course in a world of bleeding hearts, we can't just say "no!" when a person begins to rack up medical expensive far beyond their means to pay. Instead we extend credit to retired people that is far beyond their net worth. No hope of this credit being paid back by the people it is extended to.
Its irrational behavior that is caused by emotions.
There are so many regulation that nobody even has an estimate of the number of them.
I fact, there are far fewer laws than regulations, and again the number is so vast that nobody has an estimate of their count either. In recent times, about 40,000 laws are passed each year, and thats with a completely dysfunctional congress that cannot agree on anything.
"Like what regulations exactly?" is an ignorant question. It is trivial to list regulations that are each obstacles to starting a particular business, but when someone does so you will just claim that thats just one kind of business, that the regulation cited doesnt prevent so many others. The reality of course is that its just about impossible to start up a business that doesnt run into many regulatory obstacles.. they just arent the same regulations for each case, region, etc.
So here is my one example: I cannot start a cab company in new york city without spending over a million dollars buying a license to operate a cab company from an existing license holder. The specific regulations limit the total number of licenses that can exist to a very low number, creating this situation. That you are completely unaware of this is no surprise, because you are willfully ignorant so as to maintain the delusion that the government isn't harmful.
Democracy works fine for small governments, like a village. It's problematic for a political unit so big that you can't travel from one end to another without special arrangements, like California, the 12th largest economy in the world.
The Representative Democracy our founding fathers intended did not have this issue. The issue began when the Federal government grew beyond its scope. Federal spending is now about equal to the total combined spending of State and Local governments (a little larger now, actually.) This is very far removed from the intentions of our founding fathers. Good intentions was the excuse for the massive amount of violence used to overthrow the States as primary governing bodies.
Indeed. Valve is the company that will not allow you to disable flash within its overlay browser (after many years of being asked), so on the "trust" metric you cannot trust their decisions with regard to your security. They have flipped you the bird.
If you sell a Coke at your garage sale, nobody is going to think that Coca-Cola Inc is involved in that, so there is no problem.
If a single person thinks it looks like implied affiliation, some customers probably will too.
br.
See what I did there? You don't get to claim perfectly non-stupid people in one case, but not the other.
You have to fix tax rates at the same time as the loopholes because they are not independent of each other. The rates are modified based on existing loopholes and the loopholes are modified based on existing rates.
The rates are the general discouragement of everything that isnt subsidized via loopholes and other subsidizing vehicles. Without the loopholes we have the highest corporate tax rates in the world. We used to be number two but we overtook japan when they lowered their general rates. It is not easy to believe that having the highest rates in the world is optimal (that every other country in the world has it wrong and in the same direction) so therefore it must be concluded that without the loopholes but maintaining the same rates that things would be terrible for us.
Slashdot Mirror
It's artificially pumping up the price of a transaction for the two endpoints
It really doesnt seem that you know what you are talking about. The only way the HFT can get action is if they have the best bids and asks on the table. That means they have either improved on the existing prices, or picked up what the existing buyers and sellers had on the market. In the first case anyone looking to trade get better prices, and in the second case anyone that was previously looking to trade got the prices they asked for.
And I'm 95% sure this is NOT the case. If you have proof otherwise, now is the time to show it.
Even if this "HFT is bad, mmmmkay" sheep were to have proof of that, it would still be irrelevant. The hft only gets the trade when its bid or ask is equal to or better than the best on the market. You dont get any trades simply by being first and choosing your own arbitrary price. The price cannot be worse than the other folk that are also bidding or asking.
The basic situation is thus:
There exists a best BID and a best ASK. There is a gap between these two values or else a trade automatically happens.
As an example, the best BID is $0.95 while the best ASK is $1.05. If the HFT submits a BID that is only $0.94, then he never get a sale while that higher $0.95 BID is there. The same is true in the case of the ASK: The HFT must ask for less than $1.05 or he doesnt get the next trade.
So how does an HFT make money? The HFT makes money off the people shouting "buy! buy! buy!" or "sell! sell! sell!" without regard to price. The HFT makes money off of the people in a hurry because more often than not, both the best BID and the best ASK are an HFT. Nobody else is BIDing more, or ASKing less.
Lets examine who gets hurt:
BIDDERS do not get hurt because they have already chosen a price.
ASKERS do not get hurt because they have already chosen a price.
BUY NOW! folks don't get hurt because they are joined with the best ASK.
SELL NOW! folks don't get hurt because they are joined with the best BID.
So nobody gets hurt. How is it possible that the HFT can make a profit but nobody gets hurt? Its possible because the HFT's actually creates value..The market is more efficient because they exist, and that increased efficiency is spread out between all the players, of which the HFT is only one party.
in practice hft sits between the buyer and seller who would exist regardless of the hft existing. that is the whole point of hft. the hft skims money from both of those people,
The hft doesnt get the sale unless it offers the best price. That price is better for the seller if the hft is dealing with the seller, and that price is better for the buyer if the hft is dealing with the buyer. Full stop.
If the EFF really wants to take a bite of Orwellian ass, they should campaign relentlessly to have the phrase "identity theft" replaced by the phrase "credential theft".
It used to be that when someone convinced the bank to given them your money, it was called a bank robbery.
Read the comments, including yours.
I have. Nobody is saying "because it records" -- they are saying "because you never know when its recording" --- stop looking for an excuse to be a creepy fuck --- even with the excuse you are still creepy --- nobody is going to shed a tear when your being creepy gets you into a jam
Why is it that makes people think Glass is nothing but a surveillance device SPECIFICALLY conceived to record them and absolutely nothing else?
You are a first class idiot for thinking that this is the problem. The problem is that while surveillance devices exist, that is all they are. This Glass shit isnt just a surveillance device.. its a surveillance devices selling itself as "more than a surveillance device."
If you have a device that is only used for surveillance on you, then you have no excuses when you get your teeth kicked out of your mouth for using it. But now with Glass you can do the same shit but you have the perfect excuse, "I wasnt recording you, I was just looking up dolphins." -- now that step of being an intentionally creepy stalker fuck will only have consequences so long as we beat the fuck out of every single Glasshole, regardless of their intent. The beatings will continue until you admit the real problem, and that problem is that now you think you have an excuse for being a creepy fuck. You don't.
For example it claims the FX-8350 has much better single thread performance (1,512) vs (1,217) which is not supported by any serious review I can find.
Its supported by the one you linked to, whose results you either clearly misunderstood or completely misrepresented on purpose.
You claimed that the Intel won 9 benchmarks while the AMD only won 4, but in actuality when someone carefully looks at the results its the Intel that only won a single benchmark, not the 9 you claimed, while the AMD won the other 12. Note where it says "lower is better" and "higher is better" you are supposed to use your brain in order to interpret the results rather than misrepresent them.
So you are either a complete fool that nobody should pay attention to, or a liar that nobody should pay attention to.
I tried to give you a pass on it. You didn't want that... so now here is my wrath you ignorant lying fuck. For all the other people reading, here is the benchmark this dumb fuck linked to and then immediately lied about.
This lying fuck claimed that the Intel won 9 of the 13 benchmarks in the link, but the Intel actually only won 1 of the 13. Right there in plain site, from the ignorant lying fuck Intel fanboy.
A comparison amongst users in typical rigs, rather than in review-site benchmark rigs.
i7-860 1217 / 5110 (812 samples, single threaded / overall)
FX-8350 1512 / 9049 (3149 samples, single threaded / overall)
The AMD in question is winning against the Intel in question in single threaded, and winning greatly in multi-threaded. However this AMD chip, at $200, is not really what the GP was talking about. He was talking about ~$150 APU's that also saves him money on a video card.
Comparison of the i7-860 vs the A10-6800K
i7-860 1217 / 5110 (812 samples, single threaded / overall)
A10-6800K 1555 / 5006 (205 samples, single threaded / overall)
...what does any of that have to do with spending $200 more than you need to?
You dont seem to get it. The Iris Pro is touted for its performance, but that performance is only enabled by an expensive ram chip bolted to the CPU, and compared to other $200 solutions, completely sucks. The fact that you irrelevantly have some shitty Dell that you stupidly purchased (do you also use AOL to connect to the internet?) doesnt mean anything to anyone.. The Iris Pro isnt made a good choice by your bad choices.
"We produced a mugshot based on the perpetrators DNA, then arrested 500 people that looked like that. All 500 peoples DNA matched"
No...not everyone. Going from DDR2 to DDR3 netted fractional gains in real world applications and indications are that the same will be true going from DDR3 to DDR4.
To put a bullseye on this, its because latencies havent really changed. Its a rare workload that isnt either CPU limited or RAM latency limited, rather than RAM bandwidth limited. DDR4 isnt going to change that.
Look up Iris Pro on Youtube.
Look up the price difference between a chip with Iris Pro and a similarly spec'd chip without. How does the Iris Pro compare with a $200+ stand alone GPU?
.. now you get it .. the Iris Pro is crap, not because it doesnt perform, but because it costs many times what its actually worth.
ding ding ding
7 billion people on Earth. Say 10% are on the phone at any given time.
Why would I say that 10% are on the phone at any given time? I would be laughed at for making up an outlandishly liberal number.
Who the fuck is averaging 2.4 hours per day on the phone? maybe someone whose job it is to be on the phone all day... but nobody fucking else. Now you might want to show an exception to this, but it would just be the exception that proves the rule. The rule is that you are so incredibly bad at making things up that you don't even notice when you just claimed that on average, the average person on earth is on the phone 2.4 hour per day. This average includes the billions of people without a phone at all, so really you are saying that the average person that actually owns a cell phone is talking on it for 4 hours a day or whatever.
Here is a tip: If you want to play the "I can calculate that" game, why not while "calculating that" also calculate the numbers you start with, rather than pulling them out of your ass.
Exactly.
When speaking with an Egyptian co-worker (a Christian who finally got the rest of his family out of Egypt only recently) he had remarked that the reason that most people in the world take what Americans say on television so seriously because in most of the world (Egypt for example) you cannot say things on television that the State doesnt agree with without getting into serious trouble, so they myopically assume that the same must also be true in America. If Timmy Talking Head says that he hates Muslims on American T.V, and the American government didnt arrest him immediately, then most of the world assumes that the official State position of America must be to hate Muslims.
Now here we have some myopic American assuming that the rest of the worlds media is just like American media. Its not.
Now as far as Putin, NPR recently had an interview with chess Grand Master Gary Kasparov who has for a long time been outspoken against Putin. He pointed out that the KGB had a file on Putin long before he became the glorious leader which included a personality profile. The KGB had determined that Putin had an unusually low sense of danger, the kind of guy that thinks he can get away with just about anything, and that might include launching a nuclear first strike against America.
Kind of like the Walton family - yeah, they really worked their asses off to get the Walmart fortune.....
You have no idea what you are talking about. You probably think the Waltons money was paid out by Walmart in the form of executive salaries too.
The Waltons are insanely rich because what they own (Walmart stock) is insanely valuable, and yes, they worked their asses off to make that so. Your bullshit gripe about the Waltons might (probably not) make sense if you were talking about other holders of Walmart stock. But since you had no idea to begin with how the Waltons vast wealth became to be, its hard to imagine that you had any clue at all about any sort of real valid argument.
Stop being a petty jealous fuck that talks about shit they are ignorant about. The Waltons are insanely wealthy because they can sell their stock to your retirement fund, and because your retirement fund values that stock it gladly pays for it voluntarily. You were not harmed in the making of the Walton fortune you ignorant jealous fuck..
people need to work longer and die cheaper.
nah, just die cheaper.
When extending life wipes out decades of productivity, of which only a fraction is saved, then there is something wrong with the lengths taken to extend life. Of course in a world of bleeding hearts, we can't just say "no!" when a person begins to rack up medical expensive far beyond their means to pay. Instead we extend credit to retired people that is far beyond their net worth. No hope of this credit being paid back by the people it is extended to.
Its irrational behavior that is caused by emotions.
Like what regulations, exactly?
There are so many regulation that nobody even has an estimate of the number of them.
I fact, there are far fewer laws than regulations, and again the number is so vast that nobody has an estimate of their count either. In recent times, about 40,000 laws are passed each year, and thats with a completely dysfunctional congress that cannot agree on anything.
"Like what regulations exactly?" is an ignorant question. It is trivial to list regulations that are each obstacles to starting a particular business, but when someone does so you will just claim that thats just one kind of business, that the regulation cited doesnt prevent so many others. The reality of course is that its just about impossible to start up a business that doesnt run into many regulatory obstacles.. they just arent the same regulations for each case, region, etc.
So here is my one example: I cannot start a cab company in new york city without spending over a million dollars buying a license to operate a cab company from an existing license holder. The specific regulations limit the total number of licenses that can exist to a very low number, creating this situation. That you are completely unaware of this is no surprise, because you are willfully ignorant so as to maintain the delusion that the government isn't harmful.
Democracy works fine for small governments, like a village. It's problematic for a political unit so big that you can't travel from one end to another without special arrangements, like California, the 12th largest economy in the world.
The Representative Democracy our founding fathers intended did not have this issue. The issue began when the Federal government grew beyond its scope. Federal spending is now about equal to the total combined spending of State and Local governments (a little larger now, actually.) This is very far removed from the intentions of our founding fathers. Good intentions was the excuse for the massive amount of violence used to overthrow the States as primary governing bodies.
With tax rates, like with prices charged to consumers, there's a sweet spot that maximizes long-term government revenue.
Beyond the "higher than the sweet spot" morality issue, is it even moral for the government to set tax rates that maximize its revenue?
I would argue that the only moral tax rate is the one that maximizes the rate of growth of the standard of living of the people.
Indeed. Valve is the company that will not allow you to disable flash within its overlay browser (after many years of being asked), so on the "trust" metric you cannot trust their decisions with regard to your security. They have flipped you the bird.
Are you sure that the bad publicity wont swing the other direction?
Mozilla hates Dell so much they want Dell customers to continue to use Internet Explorer, rather than Mozillas own product.
If you sell a Coke at your garage sale, nobody is going to think that Coca-Cola Inc is involved in that, so there is no problem.
If a single person thinks it looks like implied affiliation, some customers probably will too.
br. See what I did there? You don't get to claim perfectly non-stupid people in one case, but not the other.
How is Aereo's service different than cable?
It effectively isn't ... and thats what the broadcasters are afraid of.
Are you suggesting that what the USPTO is doing would be unacceptable if he was poor, but it acceptable because he is rich?
I agree, fix the tax loopholes for ALL companies.
You have to fix tax rates at the same time as the loopholes because they are not independent of each other. The rates are modified based on existing loopholes and the loopholes are modified based on existing rates.
The rates are the general discouragement of everything that isnt subsidized via loopholes and other subsidizing vehicles. Without the loopholes we have the highest corporate tax rates in the world. We used to be number two but we overtook japan when they lowered their general rates. It is not easy to believe that having the highest rates in the world is optimal (that every other country in the world has it wrong and in the same direction) so therefore it must be concluded that without the loopholes but maintaining the same rates that things would be terrible for us.