It isnt that the penny doesnt hurt you if you arent doing a lot of trades, because the HFT's have reduced the spread between bid and ask for that penny of profit they want. More than a few studies show that bids and asks originating on the NYSE are almost always the National Best Bid and Offer. This means that the HFT's are offering the best prices, and why wouldnt you want the best price?
You could always do your business off the exchange and avoid the HFT's.. if you really want worse prices.
Is that more important than market stability and sane trading practices?
When was there ever market stability and sane trading prices?
This is exactly why you are wrong. HFT is something for you to rally against only because you feel that you must rally against something but have absolutely no idea what that something is supposed to be.
I've got a hint for you: Its monies influence on government, not HFT. This is something you wont accept as the root of the problem because the solution is a smaller, less powerful government, and that goes against your core belief system.
What it has to do with him is that he has a track record of making bad business decisions. First, he hired a bookkeeper that doesnt know the difference between a PAC and his favorite candidate. Second, when his bookkeeper made a donation on his behalf he blamed the site instead of his bookkeeper. Third, he still hasnt fired his bookkeeper.
While the Valve model is a part of it, you should be directing your praises specifically at Michael Abrash.
Abrash is a long-time graphics and optimization guru (author of Zen of Assembly Language, Zen of Graphics Programming, and two legendary Dr Dobbs series of articles, one titled Ramblings In Realtime and the other Graphics Programming Black Book) that Valve has been trying to hire for a very long time.
This is the guy who single-handedly made the Quake rendering engine, with its software-based perspective-correct texture mapping and lighting, a possibility at the time that it was released. Valve finally succeeded in landing him about a year ago, and he has been investigating the practicality of Virtual and Augmented Reality ever since.
Portal 2 wasnt that long ago, and it was (IMHO) one of the most polished games every released in the history of PC gaming. That there was no management hierarchy directing the games development is a testament to exactly how wrong the factory mindset is in creative industries.
But those people are few and far between and to lesser hackers, there is a huge chasm between that dump and actual source with comments, etc.
If you have respect for variable/function names and comments during code review, then you are a failure at code review. There is a difference between the reading of source code to derive what its expected/claiming to do, and the reading source code to derive what it actually does.
You are right not to trust closed source, but you fail in not extending that mistrust to open source. Faith is not a valid justification for trust.
Nope. Proof that I satisfied the requirements of the person I was replying to.
You, on the other hand, are attempting to move the goalpost. Your problem appears to be with Democrats that claim that there is no voter fraud, yet you are trying to throw their dishonesty on me.
Are you willfully blind? Willing to be completely dishonest in order to defend the Democrats? Yes. You just proved it.
Using intrade properly looks like it would take bookie skills. I never have bothered to learn those.
I dont think you know what "bookie skills" constitute.
Bookies employ a very simple algorithm:
if wagered[team 1] is more than wagered[team 2] ..increase incentive to wager on team 2
else..increase incentive to wager on team 1
The bookie has done his job perfectly if at kickoff the money wagered on team #1 == the money wagered on team #2. Sometimes a bookie will contact other bookies to see if they can swap some of the action with each other (ex: bookie #1 has too much on team #1, bookie #2 has too much on team #2, they will make combine their action to create a balance)
Their profit comes from the fact that they dont pay even money. A $120 wager on the line in football typically only pays $100, for instance.
The upshot of all this is that bookie skills have absolutely nothing to do with wagering on intrade... unless you ARE intrade, in which case you employ the algorithm (which they do! its implicit in the design.)
I hear that a lot, but nobody seems to ever be able to prove it.
Define proof.
Would Lessadolla Sowers, and NAACP executive, being convicted of 10 counts of voter fraud (voted 11 times for Obama in 2008) and now serving a 5-year sentence be considered proof?
This shit is why in 2008 the Supreme Court upheld Indiana's voter ID law, 6 to 3, and in their decision stated "Flagrant examples of such fraud have been documented throughout this Nation's history" - the fact that you choose to ignore all the proof, and then sit there asking for proof, is proof that you are a Democrat shill.
A lot of it is also crap: The model for example claims a huge multiplier effect for unemployment ONLY for incumbent Dems, incumbent Reps are not affect by unemployment in this model.
You declare it crap, but it looks spot on to me. Democrats are the union party, and if unemployment is high, that means a lot less money from unions. I forget where I saw the numbers, but over 99% of union donations goes to Democrats.
..of what utility is this? Who is running 16-bit programs? Windows 3.1 was 1992
OS X had (dropped in 2011) an emulation mode for an architecture that was sold, marketed, and targeted up into 2006. Thats 5 years of support.
WIN16 was outdated starting in 1995, was supported up until 2006. Thats 11 years of support.
Since this patent was just granted, odds are that Google has already been doing this for years. You dont generally wait for a patent to be granted before using it.
Well 1 in 7 people DON'T work for the government. It's 7% of people who work for the government. I hope you understand the difference.
Sure, as long as you dont count the 4th branch of government.
In 2005, 7.6 million people were employed by federal contracts.
The department of defense represents about 60% of all federal contracts on a dollar basis, and dod contract dollars experienced a growth of 22.6% from 2005 to 2010. Yes, thats into a recession.
Using 22.5% to adjust the 2005 contract numbers, thats 9.3 million people working on federal contracts plus the 3 million people as of 2010 on the federal civilian payroll. 12.3 million people working as civilians for the federal government.
From the same 2005 study, 2.9 million people were employed by federal grants. This number is small enough that I wont bother to extrapolate. I'm up to 15.2+ million people.
The states have 14.5 million full-time workers on their payrolls, so we are up to 29.7 million people. They have 4.8 million part-time workers on their payrolls, so now up to 34.5 million.
State and local contracting is hard to estimate, but the city of New York contracts out between 20% to 25% of its services and construction work to private bidders on an annual basis. If that sort of figure it true nationwide, thats another 3 to 3.5 million full time people and another 1 to 1.2 million part time people. I'm up to 38.5+ million, how about you?
Add in the active-duty military and we are at 40+ million people, right? Did I forget to mention that your ignorant 7% of the population bullshit is only 21.8 million?
Already down to a ratio of 6.7:1, we can start adding in the people that work for wholly owned government corporations:
The few Government Sponsored Enterprises such as Fannie, Freddie, and Farmer.. ..and the many Federal Government Chartered and Owned Corporations such as the Corporation for Public Broadcasting, the National Fish and Wildlife association, and the Tennessee Valley Authority...
Arent numbers wonderful? Learn to add, prick. The ratio is about 6:1, or 1 in 7.
Try TAX CUTS. Starting with Reagan. Spending in the US has not increased significantly as a percentage of GDP.
Ah yes, tax cuts are responsible for this years $1.327 trillion dollar budget shortfall, and spending hasnt increased. Are you fucking stupid?
The federal budget was 18.2% of GDP in 2000. Its now 24.3% of GDP in 2012. Thats a 33.5% increase in spending.
Federal budget deficit is $1.327 in 2012, and total spending is $3.796 trillion in 2012. Thats a 35% budget shortfall.
I wonder if the 33.5% increase in spending vs GDP might have something to do with the 35% deficit. Nah.. that cant possibly be. Its got to be what you said.. not what the numbers say. If we had not increased spending since 2000 by 33.5%, we would still have a 35% deficit because of those tax cuts you babbled on about.. because you are not at all fucking retarded.
Not only do they have low overhead, high volumes, etc, but they have a 10% price break from no sales taxes. How can you compete with that? this levels the playing field a little bit.
Sure, lets artificially make less efficient businesses more competitive.
This is why I inserted time-wasting OS calls into my qsort() function. I want bubble sort to be able to compete with more efficient sorting algorithms, so I make sure that bubble is artificially more competitive.
I also installed the battery from the old dumb phone into my new smart phone, because it just was not right that the new phone lasted longer on a charge than the old one did.
Are you picking up what I am putting down? Maybe you should have someone else help you pick that up, even though you are perfectly capable of doing it on your own. We wouldn't want people incapable of picking it up by themselves to feel less competitive.
Well they arent good at math, so cannot comprehend why their bleeding heart isnt right.
Now, even if we barred public sector unions and States from negotiating over the destination of distant-future tax revenue, the problem we have still stands. There are a hell of a lot of people that EXPECT those pensions because they worked for several decades under a contract that stated that those pensions would be there.
The other problem is of course that there really ARE a hell of a lot of these people. Even though many of us decried the growth of government, the government did grow to encompass a significant portion of our working population. 1 out of 7 people are working for the government right now. 6 out of 7 arent, but that includes the retired folk, children, and the unemployed.
Taking the social security mess into account (those IOU's in the fund are worthless unless SOMEONE pays them), we are looking at a future where 50% of the population is going to literally be supporting the other 50% while that half does absolutely nothing productive.
George Carlin had a solution. Kill the baby boomers. All of them. Loot their pensions, savings, and estates. That big fat debt that we have was borrowed on their behalf, and wasted on their behalf..
Its only right that they are the ones that pay for their debt, and it certainly wouldnt be right if we too promised ourselves the fruits of the next several generations labor, so public sector union negotiations over money that doesnt exist yet needs to be made illegal. They should still be allowed to negotiate over retirement benefits, but it has to be funded 100% today, not 100% on the next generations backs. Nobody should have a responsibility to pay back money borrowed before they reached voting age, let alone before they were even born.
Yes, government programs are sometimes helpful. The problem is that government spending has grown far faster than the economy. This idea that we cannot wait a few more years before instituting that new program is the error that plagues the progressive/liberal mind. "We'll do that when we can afford it" is not something that you will ever hear from a progressive, because they are bad at math anyways and couldnt figure out when that will be.
(hint: tax revenue doubles every 15 years if we sustain a 5% GDP growth rate.. we could double the size of government every 15 years without borrowing a penny, but thats not good enough for the progressives and liberals.)
This is the crux of the bitcoin problem. Its cash, but in the wrong domain. Only one of the advantages of cash, none of the advantages of other electronic financial instruments, but all of the downsides of both.
Online, credit cards are king. In the CC system, the credit card company fronts the consumer the money for the transaction with the intent of settling up the balance later on. All the liability on a given transaction is on the merchants end, which the merchant gladly accepts because CC's are how consumers WANT to do online business.
In this model, the CC company is the primary enforcer of consumer protection, and because the merchant is the one on the hook they have incentive to both accurately factor in the cost of fraud into their prices as well as reduce fraud in general.
For its role as both front man and enforcer, the CC company takes a percentage of the action. The CC company also has some liability associated with the consumer, because the consumer may not settle up when the time comes. For this, the CC company charges what are essentially loan-shark rates for any late payments.
There is probably a better model, but bitcoin sure as fuck isnt it. The middle man is an important intermediary, someone that benefits most when things go smoothly.
You do know that no 64-bit OS can run 16-bit applications without a virtual machine emulation on AMD64, right?
Once the processor is in 64-bit mode it cannot get back to 16-bit mode without a processor reset. Not even Linux can thunk from 64-bit back to 16-bit, because the processor architecture makes that impossible.
Your suggestion that "windows flopped" due to this is horse shit.
Its hard to talk about this issue without talking about race, because quite frankly American urban poor are mostly minorities, and from that reduced group they are mostly African American.
With that in mind, my own feelings about this follow fairly closely with Bill Cosby. It is certainly a cultural problem more than an economic problem, and it wasn't always this way. There is a stark difference between black culture at the turn of the 20th century and the turn of the 21st century, and the difference has proven to be a great disadvantage. Some of it has institutional roots, but as both I and Bill Cosby believe, that is no excuse for what blacks are doing to themselves.
We cannot legislate this problem away, and there is good reason to believe that every time we try we just prolong the condition. The inner cities need strong inspirational leaders that accept no excuses. Things can't get better until people start being better.
For the most part, these trials are funded by government agencies.
Just because the government throws around the most money, that does not justify it doing so. Your argument is circular.
Since you have decided that the amount of money the government throws around is the important measure, how about the United States take over the education systems of the entire world? After all it spends more per student than any other country.
Do you think that other countries would go for that?
Slashdot Mirror
It isnt that the penny doesnt hurt you if you arent doing a lot of trades, because the HFT's have reduced the spread between bid and ask for that penny of profit they want. More than a few studies show that bids and asks originating on the NYSE are almost always the National Best Bid and Offer. This means that the HFT's are offering the best prices, and why wouldnt you want the best price?
You could always do your business off the exchange and avoid the HFT's.. if you really want worse prices.
Is that more important than market stability and sane trading practices?
When was there ever market stability and sane trading prices?
This is exactly why you are wrong. HFT is something for you to rally against only because you feel that you must rally against something but have absolutely no idea what that something is supposed to be.
I've got a hint for you: Its monies influence on government, not HFT. This is something you wont accept as the root of the problem because the solution is a smaller, less powerful government, and that goes against your core belief system.
What it has to do with him is that he has a track record of making bad business decisions. First, he hired a bookkeeper that doesnt know the difference between a PAC and his favorite candidate. Second, when his bookkeeper made a donation on his behalf he blamed the site instead of his bookkeeper. Third, he still hasnt fired his bookkeeper.
This guy has a destiny.
How about requiring that the destination of the money is in just as bold print at the top of the page as "obama sux"?
Are you really saying that there should be a regulation which states that the absolute largest print on the page should be the legalese?
What a dipshit you are.
Translation: Stop giving them a chance to change things.
Anyone else besides me rooting for deadlock after this years elections?
I'm really impressed with Valve right now.
While the Valve model is a part of it, you should be directing your praises specifically at Michael Abrash.
Abrash is a long-time graphics and optimization guru (author of Zen of Assembly Language, Zen of Graphics Programming, and two legendary Dr Dobbs series of articles, one titled Ramblings In Realtime and the other Graphics Programming Black Book) that Valve has been trying to hire for a very long time.
This is the guy who single-handedly made the Quake rendering engine, with its software-based perspective-correct texture mapping and lighting, a possibility at the time that it was released. Valve finally succeeded in landing him about a year ago, and he has been investigating the practicality of Virtual and Augmented Reality ever since.
He even writes about some of his findings in his blog, Ramblings in Valve Time
Portal 2 wasnt that long ago, and it was (IMHO) one of the most polished games every released in the history of PC gaming. That there was no management hierarchy directing the games development is a testament to exactly how wrong the factory mindset is in creative industries.
But those people are few and far between and to lesser hackers, there is a huge chasm between that dump and actual source with comments, etc.
If you have respect for variable/function names and comments during code review, then you are a failure at code review. There is a difference between the reading of source code to derive what its expected/claiming to do, and the reading source code to derive what it actually does.
You are right not to trust closed source, but you fail in not extending that mistrust to open source. Faith is not a valid justification for trust.
Proof that you're a dishonest Republican hack
Nope. Proof that I satisfied the requirements of the person I was replying to.
You, on the other hand, are attempting to move the goalpost. Your problem appears to be with Democrats that claim that there is no voter fraud, yet you are trying to throw their dishonesty on me.
Are you willfully blind? Willing to be completely dishonest in order to defend the Democrats? Yes. You just proved it.
They press the back button, and then they do not choose the express setup.
Using intrade properly looks like it would take bookie skills. I never have bothered to learn those.
I dont think you know what "bookie skills" constitute.
..increase incentive to wager on team 2 ..increase incentive to wager on team 1
Bookies employ a very simple algorithm:
if wagered[team 1] is more than wagered[team 2]
else
The bookie has done his job perfectly if at kickoff the money wagered on team #1 == the money wagered on team #2. Sometimes a bookie will contact other bookies to see if they can swap some of the action with each other (ex: bookie #1 has too much on team #1, bookie #2 has too much on team #2, they will make combine their action to create a balance)
Their profit comes from the fact that they dont pay even money. A $120 wager on the line in football typically only pays $100, for instance.
The upshot of all this is that bookie skills have absolutely nothing to do with wagering on intrade... unless you ARE intrade, in which case you employ the algorithm (which they do! its implicit in the design.)
I hear that a lot, but nobody seems to ever be able to prove it.
Define proof.
Would Lessadolla Sowers, and NAACP executive, being convicted of 10 counts of voter fraud (voted 11 times for Obama in 2008) and now serving a 5-year sentence be considered proof?
When people admit it, does that constitute proof?
How about when they plead guilty?"
This shit is why in 2008 the Supreme Court upheld Indiana's voter ID law, 6 to 3, and in their decision stated "Flagrant examples of such fraud have been documented throughout this Nation's history" - the fact that you choose to ignore all the proof, and then sit there asking for proof, is proof that you are a Democrat shill.
You may not be able to vote if you live in a Republican state and your photo ID is older than 9 months or ...
On the other hand, if you live in a Democrat state feel free to vote as many times as you want.
A lot of it is also crap: The model for example claims a huge multiplier effect for unemployment ONLY for incumbent Dems, incumbent Reps are not affect by unemployment in this model.
You declare it crap, but it looks spot on to me. Democrats are the union party, and if unemployment is high, that means a lot less money from unions. I forget where I saw the numbers, but over 99% of union donations goes to Democrats.
..of what utility is this? Who is running 16-bit programs? Windows 3.1 was 1992
OS X had (dropped in 2011) an emulation mode for an architecture that was sold, marketed, and targeted up into 2006. Thats 5 years of support.
WIN16 was outdated starting in 1995, was supported up until 2006. Thats 11 years of support.
Now what exactly where you trying to day?
Since this patent was just granted, odds are that Google has already been doing this for years. You dont generally wait for a patent to be granted before using it.
Well 1 in 7 people DON'T work for the government. It's 7% of people who work for the government. I hope you understand the difference.
Sure, as long as you dont count the 4th branch of government.
..and the many Federal Government Chartered and Owned Corporations such as the Corporation for Public Broadcasting, the National Fish and Wildlife association, and the Tennessee Valley Authority...
In 2005, 7.6 million people were employed by federal contracts.
The department of defense represents about 60% of all federal contracts on a dollar basis, and dod contract dollars experienced a growth of 22.6% from 2005 to 2010. Yes, thats into a recession.
Using 22.5% to adjust the 2005 contract numbers, thats 9.3 million people working on federal contracts plus the 3 million people as of 2010 on the federal civilian payroll. 12.3 million people working as civilians for the federal government.
From the same 2005 study, 2.9 million people were employed by federal grants. This number is small enough that I wont bother to extrapolate. I'm up to 15.2+ million people.
The states have 14.5 million full-time workers on their payrolls, so we are up to 29.7 million people. They have 4.8 million part-time workers on their payrolls, so now up to 34.5 million.
State and local contracting is hard to estimate, but the city of New York contracts out between 20% to 25% of its services and construction work to private bidders on an annual basis. If that sort of figure it true nationwide, thats another 3 to 3.5 million full time people and another 1 to 1.2 million part time people. I'm up to 38.5+ million, how about you?
Add in the active-duty military and we are at 40+ million people, right? Did I forget to mention that your ignorant 7% of the population bullshit is only 21.8 million?
Already down to a ratio of 6.7:1, we can start adding in the people that work for wholly owned government corporations:
The few Government Sponsored Enterprises such as Fannie, Freddie, and Farmer..
Arent numbers wonderful? Learn to add, prick. The ratio is about 6:1, or 1 in 7.
Try TAX CUTS. Starting with Reagan. Spending in the US has not increased significantly as a percentage of GDP.
Ah yes, tax cuts are responsible for this years $1.327 trillion dollar budget shortfall, and spending hasnt increased. Are you fucking stupid?
The federal budget was 18.2% of GDP in 2000. Its now 24.3% of GDP in 2012. Thats a 33.5% increase in spending.
Federal budget deficit is $1.327 in 2012, and total spending is $3.796 trillion in 2012. Thats a 35% budget shortfall.
I wonder if the 33.5% increase in spending vs GDP might have something to do with the 35% deficit. Nah.. that cant possibly be. Its got to be what you said.. not what the numbers say. If we had not increased spending since 2000 by 33.5%, we would still have a 35% deficit because of those tax cuts you babbled on about.. because you are not at all fucking retarded.
Not only do they have low overhead, high volumes, etc, but they have a 10% price break from no sales taxes. How can you compete with that? this levels the playing field a little bit.
Sure, lets artificially make less efficient businesses more competitive.
This is why I inserted time-wasting OS calls into my qsort() function. I want bubble sort to be able to compete with more efficient sorting algorithms, so I make sure that bubble is artificially more competitive.
I also installed the battery from the old dumb phone into my new smart phone, because it just was not right that the new phone lasted longer on a charge than the old one did.
Are you picking up what I am putting down? Maybe you should have someone else help you pick that up, even though you are perfectly capable of doing it on your own. We wouldn't want people incapable of picking it up by themselves to feel less competitive.
Well they arent good at math, so cannot comprehend why their bleeding heart isnt right.
Now, even if we barred public sector unions and States from negotiating over the destination of distant-future tax revenue, the problem we have still stands. There are a hell of a lot of people that EXPECT those pensions because they worked for several decades under a contract that stated that those pensions would be there.
The other problem is of course that there really ARE a hell of a lot of these people. Even though many of us decried the growth of government, the government did grow to encompass a significant portion of our working population. 1 out of 7 people are working for the government right now. 6 out of 7 arent, but that includes the retired folk, children, and the unemployed.
Taking the social security mess into account (those IOU's in the fund are worthless unless SOMEONE pays them), we are looking at a future where 50% of the population is going to literally be supporting the other 50% while that half does absolutely nothing productive.
George Carlin had a solution. Kill the baby boomers. All of them. Loot their pensions, savings, and estates. That big fat debt that we have was borrowed on their behalf, and wasted on their behalf..
Its only right that they are the ones that pay for their debt, and it certainly wouldnt be right if we too promised ourselves the fruits of the next several generations labor, so public sector union negotiations over money that doesnt exist yet needs to be made illegal. They should still be allowed to negotiate over retirement benefits, but it has to be funded 100% today, not 100% on the next generations backs. Nobody should have a responsibility to pay back money borrowed before they reached voting age, let alone before they were even born.
Yes, government programs are sometimes helpful. The problem is that government spending has grown far faster than the economy. This idea that we cannot wait a few more years before instituting that new program is the error that plagues the progressive/liberal mind. "We'll do that when we can afford it" is not something that you will ever hear from a progressive, because they are bad at math anyways and couldnt figure out when that will be.
(hint: tax revenue doubles every 15 years if we sustain a 5% GDP growth rate.. we could double the size of government every 15 years without borrowing a penny, but thats not good enough for the progressives and liberals.)
This is the crux of the bitcoin problem. Its cash, but in the wrong domain. Only one of the advantages of cash, none of the advantages of other electronic financial instruments, but all of the downsides of both.
Online, credit cards are king. In the CC system, the credit card company fronts the consumer the money for the transaction with the intent of settling up the balance later on. All the liability on a given transaction is on the merchants end, which the merchant gladly accepts because CC's are how consumers WANT to do online business.
In this model, the CC company is the primary enforcer of consumer protection, and because the merchant is the one on the hook they have incentive to both accurately factor in the cost of fraud into their prices as well as reduce fraud in general.
For its role as both front man and enforcer, the CC company takes a percentage of the action. The CC company also has some liability associated with the consumer, because the consumer may not settle up when the time comes. For this, the CC company charges what are essentially loan-shark rates for any late payments.
There is probably a better model, but bitcoin sure as fuck isnt it. The middle man is an important intermediary, someone that benefits most when things go smoothly.
And what makes you think cash thefts are resolved with a 100% prosecution rate?
Actually, we think that bitcoin thefts are resolved with a 0% prosecution rate. Are we wrong?
You do know that no 64-bit OS can run 16-bit applications without a virtual machine emulation on AMD64, right?
Once the processor is in 64-bit mode it cannot get back to 16-bit mode without a processor reset. Not even Linux can thunk from 64-bit back to 16-bit, because the processor architecture makes that impossible.
Your suggestion that "windows flopped" due to this is horse shit.
Its hard to talk about this issue without talking about race, because quite frankly American urban poor are mostly minorities, and from that reduced group they are mostly African American.
With that in mind, my own feelings about this follow fairly closely with Bill Cosby. It is certainly a cultural problem more than an economic problem, and it wasn't always this way. There is a stark difference between black culture at the turn of the 20th century and the turn of the 21st century, and the difference has proven to be a great disadvantage. Some of it has institutional roots, but as both I and Bill Cosby believe, that is no excuse for what blacks are doing to themselves.
We cannot legislate this problem away, and there is good reason to believe that every time we try we just prolong the condition. The inner cities need strong inspirational leaders that accept no excuses. Things can't get better until people start being better.
For the most part, these trials are funded by government agencies.
Just because the government throws around the most money, that does not justify it doing so. Your argument is circular.
Since you have decided that the amount of money the government throws around is the important measure, how about the United States take over the education systems of the entire world? After all it spends more per student than any other country.
Do you think that other countries would go for that?
These dipshits actually think that what they did to America is capitalism.. and then blame capitalism for what they did to America.