>But how does this kind of stock trading benefit anyone other than the traders themselves?
How does any trading benefit anyone but the trader themselves? This high frequency trading issue is a moot point. There is nothing sinister about it. What bothers people is that a few are doing it and making oodles of money. I work in this industry and have worked at investment banks where you do high speed trading. But now I work at a hedge fund and we just avoid it. It is an arms race and what bothers people right now is that there is a break in technology capability.
I am not kidding here. I know for a fact a few houses have been able to get micro-second trades, whereas the rest of the industry is still dealing in milli-second trades. Thus what is happening is that some very very big houses are getting whalloped in a major way. Hence the sour grapes...
I love cars and actually wanted a Barracuda. But frankly the cars you mentioned are old fashioned! They are nostalgia for times WAY BYGONE! I find it weird that they do this. After all how many 57Chevy's look alikes were being built in the 70's! NONE!!!!
Instead what I REALLY crave is a tesla! A car that beats the pants off a Ferrari and is environmentally friendly! WHERE DO I SIGN UP!!!!!
No this is an example of why GM will fail. In the movie why on earth did they choose a Camero? Oh yeah because it is a manly car. Frankly Bumble Bee could just as easily have been a Volkswagen Beetle! Or another fuel efficient vehicle from GM. For example it could have been the Opel sportster or Corsa, etc...
You may say, "why should they be politically correct?" Ever watched a movie from the 30's or 40's or 50's? A large number of them are REALLY tacky because of the props they chose, and frankly a large number of them are pretty unbearable to watch.
I say this is a dumb idea. Here is why.
The problem with games are its costs and the costs to lay money out. Thus if you get 200 USD to produce a game you will use up that 200 USD and then some to produce the game. If this were not a problem then game producers would not have the cost overruns that they do now. And who would not want to make sure that the game is "perfect". Hence there will be budget shortfalls and the likes.
The "investor" of the game will not get an excess returns since if there were excess returns hedge funds and the likes would jump on this one quicker than a fox in a hen house. After all hedge funds love to make money. Thus if hedge funds are not interested then it means that excess returns do not offset the associated risks. And yet again retail is the bag holder.
Granted you might get a great game for "free", but I would highly doubt you would make an excess returns.
No there is a difference between the Russia and American space program.
The way I see it the Russians are able to do things, whereas American's tend to run into roadblocks. Why? Simple answer KISS!
If you look at the Russian space program you would think that nothing has changed since their stuff seems so old. Yet their approach is if it works keep it! Whereas many in America tend to say, "oh look at this shiny new toy we must use it."
Look at the space shuttle. Great idea, wonderful, and advanced. ooops nothing to use after 2010! Russians, still use rockets and look they are becoming the workhorses of the world space program. And did we forget the Russians are the first ones to take civilians into space thus commercializing it?
What I am pointing out is that NASA is brighter, but is lacking in execution. Whereas Russians are not as cutting edge and executing just fine...
Oh clouds show up... Climate change is the answer... Do we know? NO! But since climate change is happening it must be the reason...
YEAH WHATEVER!!! This is an example of fooled by randomness. Might it be climate change? Sure, and then again it might not be. How about we get more facts...
Ok so here is my question. Why is it that a company can take your product and make it sell better than yourself? Answer because you need a marketing team. What I have learned in business is that great ideas are just that great ideas. Profitable ideas are not necessarily great ideas, they are ideas that somebody is willing to pay for. And the tech industry especially open source industry has to learn this lesson!
The problem is not the open source license because I am guessing even with the closed license you are not doing that well. BUT you can blame the fact that you open sourced it. This is called hindsight fallacy. I am willing to bet that even with closed source you still would not have sold as well because again great ideas don't sell. Profitable ideas sell!
Sorry to tag this to the top, but I went through this thread and missing from the discussion are the TED talks!
They are broadcast via podcast and they are very every day science and about the future.I thoroughly enjoy the discussions they have because they are based on science, maths, and logical thinking...
So there is no single person, but there are a number of people...
Here is my question...
Let's say that you put a patent on this... And then lets say you are in international waters. You know NO MAN's LAND!!! What then? Who on earth is going to enforce the patents?
ROTFL... This is classic inbox thinking on an out of the box problem.... But hey you spent X dollars on a piece of paper that serves no better than to wipe your butt with... Good going Bill...
>Sure it can -- log into google maps, and use the elevation maps feature.
Spoken by somebody who has not hiked! I hike and the google maps are nowhere near to what I need! Hiking maps don't just do topographic, but do a whole host of other things. Granted a smart phone could be loaded with those maps, but you still need the maps.
The idea of a single device for everything is a pipe dream. We go through this argument so many times. Here is an example, why do you think Blackberries are so popular? Is it because you can surf? Or that you can run games? NOPE it is because it is the best email mobile device on the market.
The smartphone market is about specialization and serving specific needs. Because if it were not then why on earth are there so many phone models? Fashion accessory? Not entirely...
If you are complaining about cycle and walking paths, MAYBE, JUST MAYBE, you should be buying cycle and walking maps.
I have multiple GPS devices, one for driving, and one for hiking. Different maps, different devices... After all if you are driving do you really care about the name of a woods? Yet if you are hiking it is important, oh wait, it is already there...
Sorry that I slapping you around, but I wish people would inform themselves on the different types of maps, and gps devices that there are. They should really take a closer look at the Garmin catalog, because then they would understand that not all devices or maps are created equal.
I have had Sat Nav since 1999 and am on my 3'rd generation device, and would not live without it. The days of SatNav devices driving wrong or badly are actually long gone. You just need to get one of the latest generation devices (about a year old) from either Garmin or TomTom. If you get the cheap budget device their software is actually quite crap and their navigation is quite crap.
Let me illustrate on why you should always have a SatNav device. I live in Europe, but bought a TomTom with European and North American maps. Latest device actually (3 months old). I landed in SFO and needed to take a taxi to Santa Clara convention center. So I jumped into a taxi and told the driver to take me to Santa Clara. He looked at me and said do you know where it is? I said not exactly, but roughly. He said, "ok let me phone this in." I replied, "huh?" He said, I will drive and get the directions.
Luckily I had my satnav with me, and said, FOLLOW THE DAMM DIRECTIONS! Of course he did not get a tip.
It was at that point I asked why he did not have a SatNav? He said no need. Though interestingly for the shuttle services they all seem to have SatNav's. And it did not dawn onto me until my discussion with my wife. The shuttle services are paid by the trip, not the distance, and taxi are paid by the distance, not the trip. It makes sense for the shuttle to have satnav since driving around idly will loose money. Yet for taxis driving around is part of the game!!!
In summary, stop being an old foggie and get a sat-nav you will be happier!
I don't actually agree because at what point do you stop learning "lower level foundations".
So say you use a GPS do you need to read maps? And if you need to read maps, don't you need to understand north, south, east, west? And if you need to understand NSEW do you need to understand a compass? And if you need to understand a compass do you need to understand longitude and latitude? And if you need to understand longitude and latitude what about true north and compass north? And what about...
What did you want to do? Oh yeah go from point A to point B! The problem I have with this lower level foundations is that they are completely irrelevant if you don't need to use them. After all the point of the argument is to go point A to point B. If you were creating the maps in the first place then well yes you need to know all of that stuff.
When I see Joel's illustration of string and strcat I just smile and think wow reminds of that old man saying, "why when I was your age I was walking through the snow and it was -150"
Again not to say that some people don't need to learn it, it all depends on what your day job is.
The fault of having rep-by-pop is not the fault of the parties. After all look at what happened in BC. You can blame the complexities or what have you, but the populace has clearly said, "NO!" As such it is what it is and will stay and what it is. Remember that, this is the second time they tried that vote in BC.
Personally I am completely disappointed in this result since I would prefer something closer to proportional representation since I happen to be part of a smaller party (Libertarian). But democracy is what it is...
Wow, you are just as bad as AuthorizeNet... Namely you are putting all of your eggs into one basket called AMERICA... What you are ignoring are the ramifications if a government decides to take you down. And frankly I am more worried about a government taking me down than some accident.
I am part of a hedge fund and we have data centers in... Caymans, Monaco, and Switzerland... I think you get the drift here... And our exchanges that we talk to are scattered throughout the world... Is it simple? Cheap? Nope...
No actually you are wrong about this. Around the early 90's or something like that there was this Lufthansa flight in Poland that ran off the end of the runway. Only two people died, but what was interesting about that flight is that the plane did something that the pilot did not want to do.
According to the logic of the computer, the plane had not yet landed but was still turning. Thus the spoilers, which would create a braking effect, were not to be activated. At that time neither the thrust reversers nor the spoilers of an Airbus A 320 â" in contrast to a Boeing 737, for instance â" could be manually activated. As a result, the aircraft â" braked too slowly and too late â" raced towards the end of the runway. The human being (pilot) was helpless.
The reality is that Airbus with its reliance on computers is going to have these situations where we say, "ooops..." The problem is that there are human lives involved.
As one engineer said there are both advantages and disadvantages to the approach used by Boeing, and Airbus...
It's like ABS, great for people who don't know how to drive in bad conditions. But HORRIBLE for somebody who has racing car experience. The question you have to ask yourself is what kind of pilot do you want? Right now the industry is tending towards the ABS crowd.
You are right, and I am glad that you will volunteer to be the person who has to die to prove whether or not a certain trait is hazardous to your health!
Me on the other hand, I will accept that I am warping the evolutionary chain in the hopes that I will be able to continue living...
The reality is that we have always been selecting and thus influencing evolution. For example why do you think women like older men? Survival of the fittest. In the old days you would have been lucky to make it to 40. If you got beyond that you were desirable since somehow your genes got you to the point where you were.
Or how about in cave times. Only those strongest and cruelest would survive since those would be the ones who would be spreading their genes with the most people.
Since I would most likely have died by the hand of somebody else (probably most of us on Slashdot would fit in that category) I for one approve of "meddling" with the "random" mutations.
While I would like to agree with you. Read what the other posters have wrote. And while many will think USA made goods are crappy, the stuff from other countries is crappier.
Call me sensitive, but I was part of the car industry during the times when North American's laughed at the Japanese cars. I never laughed, and neither did my father (he was a German VP in Magna during those days) If you really want to get an eye opener of how times were rent Gungho
Excuse me? Racism? What political correctness argument are you trying to construct?
The Japanese car makers blew the doors off the American car makers because they laughed at the Japanese. But the Japanese kept at it and produced an excellent product.
Want to know what the real joke here is? The quality assurance techniques used by the Japanese was developed by an American! Deeming in fact. He showed that you could build quality at a low cost. YET nobody in America used it. They mocked it. American's just kept on laughing on the "garbage" that came out of Japan.
Then one day Japan overran the Americans! I know about this because I worked in the automotive industry. And when the automotive industry did catch on it was too late. And I remember how the jokes like the one that was made about the Chinese space ship were made.
BTW in the past little while it has been the Russians that have been doing the work to the ISS! Not the Americans... Why? Because the space shuttle is having problems. Yet the Russia system keeps on ticking!!!
We should be kicking ourselves in the arse for looking like idiots!
Excuse me? You are saying that I am not a Westerner?
Give me a freaken break! Want to see my passports? Want to see where I have lived? (Canada, US, Germany, Switzerland, France, UK, and Austria)! I am a Westerner!
Want to know why I am pissed about the joke and your attitude? Because my brother who is a born Canadian is living in Russia! My sister who is a German Canadian is living in Ecuador! And they live pretty good lives...
The jokes are actually an insult because they have a better functioning cellular network than most places in North America!
Here is a joke on the Westerners! My brother bought his iPhone legally in Kazakstan and he complains about the lack of reception in the US, and Canada. He tells me he can be in butt-ass Kazakstan and still surf. YET be about 100KM from any civilization in North America and nothing works!
This is why people better smarten up because he is laughing at how bad things are in North America!
Could it maybe be I was born in Germany, lived in Ontario, North Carolina (Salisbury), New York (Middletown), Quebec, UK, France, Switzerland, Germany, and Austria, and that I speak multiple languages?
If you want to say that I am not a Western then you have been reading one too many conspiracy theories!!!
Slashdot Mirror
Do you happen to be with IB?
>But how does this kind of stock trading benefit anyone other than the traders themselves?
How does any trading benefit anyone but the trader themselves? This high frequency trading issue is a moot point. There is nothing sinister about it. What bothers people is that a few are doing it and making oodles of money. I work in this industry and have worked at investment banks where you do high speed trading. But now I work at a hedge fund and we just avoid it. It is an arms race and what bothers people right now is that there is a break in technology capability.
I am not kidding here. I know for a fact a few houses have been able to get micro-second trades, whereas the rest of the industry is still dealing in milli-second trades. Thus what is happening is that some very very big houses are getting whalloped in a major way. Hence the sour grapes...
I love cars and actually wanted a Barracuda. But frankly the cars you mentioned are old fashioned! They are nostalgia for times WAY BYGONE! I find it weird that they do this. After all how many 57Chevy's look alikes were being built in the 70's! NONE!!!! Instead what I REALLY crave is a tesla! A car that beats the pants off a Ferrari and is environmentally friendly! WHERE DO I SIGN UP!!!!!
No this is an example of why GM will fail. In the movie why on earth did they choose a Camero? Oh yeah because it is a manly car. Frankly Bumble Bee could just as easily have been a Volkswagen Beetle! Or another fuel efficient vehicle from GM. For example it could have been the Opel sportster or Corsa, etc... You may say, "why should they be politically correct?" Ever watched a movie from the 30's or 40's or 50's? A large number of them are REALLY tacky because of the props they chose, and frankly a large number of them are pretty unbearable to watch.
I say this is a dumb idea. Here is why. The problem with games are its costs and the costs to lay money out. Thus if you get 200 USD to produce a game you will use up that 200 USD and then some to produce the game. If this were not a problem then game producers would not have the cost overruns that they do now. And who would not want to make sure that the game is "perfect". Hence there will be budget shortfalls and the likes. The "investor" of the game will not get an excess returns since if there were excess returns hedge funds and the likes would jump on this one quicker than a fox in a hen house. After all hedge funds love to make money. Thus if hedge funds are not interested then it means that excess returns do not offset the associated risks. And yet again retail is the bag holder. Granted you might get a great game for "free", but I would highly doubt you would make an excess returns.
No there is a difference between the Russia and American space program. The way I see it the Russians are able to do things, whereas American's tend to run into roadblocks. Why? Simple answer KISS! If you look at the Russian space program you would think that nothing has changed since their stuff seems so old. Yet their approach is if it works keep it! Whereas many in America tend to say, "oh look at this shiny new toy we must use it." Look at the space shuttle. Great idea, wonderful, and advanced. ooops nothing to use after 2010! Russians, still use rockets and look they are becoming the workhorses of the world space program. And did we forget the Russians are the first ones to take civilians into space thus commercializing it? What I am pointing out is that NASA is brighter, but is lacking in execution. Whereas Russians are not as cutting edge and executing just fine...
Oh clouds show up... Climate change is the answer... Do we know? NO! But since climate change is happening it must be the reason... YEAH WHATEVER!!! This is an example of fooled by randomness. Might it be climate change? Sure, and then again it might not be. How about we get more facts...
Ok so here is my question. Why is it that a company can take your product and make it sell better than yourself? Answer because you need a marketing team. What I have learned in business is that great ideas are just that great ideas. Profitable ideas are not necessarily great ideas, they are ideas that somebody is willing to pay for. And the tech industry especially open source industry has to learn this lesson! The problem is not the open source license because I am guessing even with the closed license you are not doing that well. BUT you can blame the fact that you open sourced it. This is called hindsight fallacy. I am willing to bet that even with closed source you still would not have sold as well because again great ideas don't sell. Profitable ideas sell!
Sorry to tag this to the top, but I went through this thread and missing from the discussion are the TED talks! They are broadcast via podcast and they are very every day science and about the future.I thoroughly enjoy the discussions they have because they are based on science, maths, and logical thinking... So there is no single person, but there are a number of people...
Here is my question... Let's say that you put a patent on this... And then lets say you are in international waters. You know NO MAN's LAND!!! What then? Who on earth is going to enforce the patents? ROTFL... This is classic inbox thinking on an out of the box problem.... But hey you spent X dollars on a piece of paper that serves no better than to wipe your butt with... Good going Bill...
>Sure it can -- log into google maps, and use the elevation maps feature.
Spoken by somebody who has not hiked! I hike and the google maps are nowhere near to what I need! Hiking maps don't just do topographic, but do a whole host of other things. Granted a smart phone could be loaded with those maps, but you still need the maps. The idea of a single device for everything is a pipe dream. We go through this argument so many times. Here is an example, why do you think Blackberries are so popular? Is it because you can surf? Or that you can run games? NOPE it is because it is the best email mobile device on the market. The smartphone market is about specialization and serving specific needs. Because if it were not then why on earth are there so many phone models? Fashion accessory? Not entirely...
If you are complaining about cycle and walking paths, MAYBE, JUST MAYBE, you should be buying cycle and walking maps.
I have multiple GPS devices, one for driving, and one for hiking. Different maps, different devices... After all if you are driving do you really care about the name of a woods? Yet if you are hiking it is important, oh wait, it is already there...
Sorry that I slapping you around, but I wish people would inform themselves on the different types of maps, and gps devices that there are. They should really take a closer look at the Garmin catalog, because then they would understand that not all devices or maps are created equal.
Wow so you are then one of those old foggies....
I have had Sat Nav since 1999 and am on my 3'rd generation device, and would not live without it. The days of SatNav devices driving wrong or badly are actually long gone. You just need to get one of the latest generation devices (about a year old) from either Garmin or TomTom. If you get the cheap budget device their software is actually quite crap and their navigation is quite crap.
Let me illustrate on why you should always have a SatNav device. I live in Europe, but bought a TomTom with European and North American maps. Latest device actually (3 months old). I landed in SFO and needed to take a taxi to Santa Clara convention center. So I jumped into a taxi and told the driver to take me to Santa Clara. He looked at me and said do you know where it is? I said not exactly, but roughly. He said, "ok let me phone this in." I replied, "huh?" He said, I will drive and get the directions.
Luckily I had my satnav with me, and said, FOLLOW THE DAMM DIRECTIONS! Of course he did not get a tip.
It was at that point I asked why he did not have a SatNav? He said no need. Though interestingly for the shuttle services they all seem to have SatNav's. And it did not dawn onto me until my discussion with my wife. The shuttle services are paid by the trip, not the distance, and taxi are paid by the distance, not the trip. It makes sense for the shuttle to have satnav since driving around idly will loose money. Yet for taxis driving around is part of the game!!!
In summary, stop being an old foggie and get a sat-nav you will be happier!
I don't actually agree because at what point do you stop learning "lower level foundations".
So say you use a GPS do you need to read maps? And if you need to read maps, don't you need to understand north, south, east, west? And if you need to understand NSEW do you need to understand a compass? And if you need to understand a compass do you need to understand longitude and latitude? And if you need to understand longitude and latitude what about true north and compass north? And what about...
What did you want to do? Oh yeah go from point A to point B! The problem I have with this lower level foundations is that they are completely irrelevant if you don't need to use them. After all the point of the argument is to go point A to point B. If you were creating the maps in the first place then well yes you need to know all of that stuff.
When I see Joel's illustration of string and strcat I just smile and think wow reminds of that old man saying, "why when I was your age I was walking through the snow and it was -150"
Again not to say that some people don't need to learn it, it all depends on what your day job is.
The fault of having rep-by-pop is not the fault of the parties. After all look at what happened in BC. You can blame the complexities or what have you, but the populace has clearly said, "NO!" As such it is what it is and will stay and what it is. Remember that, this is the second time they tried that vote in BC.
Personally I am completely disappointed in this result since I would prefer something closer to proportional representation since I happen to be part of a smaller party (Libertarian). But democracy is what it is...
Nope not at all... More rather, I as well looked to see what was referenced to that address and thought wow THAT WAS A WHILE AGO...
I still remember my compuserve address... 70324,1777...
I can't for the live of me remember my pins, or phone numbers, but this ancient email address I have remembered to this day...
5: Government...
A government that decides to come to your headquarters and decides they want all of your hardware pronto...
Wow, you are just as bad as AuthorizeNet... Namely you are putting all of your eggs into one basket called AMERICA... What you are ignoring are the ramifications if a government decides to take you down. And frankly I am more worried about a government taking me down than some accident.
I am part of a hedge fund and we have data centers in... Caymans, Monaco, and Switzerland... I think you get the drift here... And our exchanges that we talk to are scattered throughout the world... Is it simple? Cheap? Nope...
No actually you are wrong about this. Around the early 90's or something like that there was this Lufthansa flight in Poland that ran off the end of the runway. Only two people died, but what was interesting about that flight is that the plane did something that the pilot did not want to do.
http://en.wikipedia.org/wiki/Lufthansa_Flight_2904
The article states it was a human error (always is, isn't it...)
But the reality is that during that time there was a debate on whether or not the computer did the right thing.
http://www.aviation-law.net/aviation-law.html
According to the logic of the computer, the plane had not yet landed but was still turning. Thus the spoilers, which would create a braking effect, were not to be activated. At that time neither the thrust reversers nor the spoilers of an Airbus A 320 â" in contrast to a Boeing 737, for instance â" could be manually activated. As a result, the aircraft â" braked too slowly and too late â" raced towards the end of the runway. The human being (pilot) was helpless.
The reality is that Airbus with its reliance on computers is going to have these situations where we say, "ooops..." The problem is that there are human lives involved.
As one engineer said there are both advantages and disadvantages to the approach used by Boeing, and Airbus...
It's like ABS, great for people who don't know how to drive in bad conditions. But HORRIBLE for somebody who has racing car experience. The question you have to ask yourself is what kind of pilot do you want? Right now the industry is tending towards the ABS crowd.
You are right, and I am glad that you will volunteer to be the person who has to die to prove whether or not a certain trait is hazardous to your health!
Me on the other hand, I will accept that I am warping the evolutionary chain in the hopes that I will be able to continue living...
The reality is that we have always been selecting and thus influencing evolution. For example why do you think women like older men? Survival of the fittest. In the old days you would have been lucky to make it to 40. If you got beyond that you were desirable since somehow your genes got you to the point where you were.
Or how about in cave times. Only those strongest and cruelest would survive since those would be the ones who would be spreading their genes with the most people.
Since I would most likely have died by the hand of somebody else (probably most of us on Slashdot would fit in that category) I for one approve of "meddling" with the "random" mutations.
While I would like to agree with you. Read what the other posters have wrote. And while many will think USA made goods are crappy, the stuff from other countries is crappier.
Call me sensitive, but I was part of the car industry during the times when North American's laughed at the Japanese cars. I never laughed, and neither did my father (he was a German VP in Magna during those days) If you really want to get an eye opener of how times were rent Gungho
http://www.imdb.com/title/tt0091159/
These days it is very quaint, but it was a reflection of those times. And I just see those things repeating AGAIN...
Excuse me? Racism? What political correctness argument are you trying to construct?
The Japanese car makers blew the doors off the American car makers because they laughed at the Japanese. But the Japanese kept at it and produced an excellent product.
Want to know what the real joke here is? The quality assurance techniques used by the Japanese was developed by an American! Deeming in fact. He showed that you could build quality at a low cost. YET nobody in America used it. They mocked it. American's just kept on laughing on the "garbage" that came out of Japan.
Then one day Japan overran the Americans! I know about this because I worked in the automotive industry. And when the automotive industry did catch on it was too late. And I remember how the jokes like the one that was made about the Chinese space ship were made.
BTW in the past little while it has been the Russians that have been doing the work to the ISS! Not the Americans... Why? Because the space shuttle is having problems. Yet the Russia system keeps on ticking!!!
We should be kicking ourselves in the arse for looking like idiots!
Excuse me? You are saying that I am not a Westerner?
Give me a freaken break! Want to see my passports? Want to see where I have lived? (Canada, US, Germany, Switzerland, France, UK, and Austria)! I am a Westerner!
Want to know why I am pissed about the joke and your attitude? Because my brother who is a born Canadian is living in Russia! My sister who is a German Canadian is living in Ecuador! And they live pretty good lives...
The jokes are actually an insult because they have a better functioning cellular network than most places in North America!
Here is a joke on the Westerners! My brother bought his iPhone legally in Kazakstan and he complains about the lack of reception in the US, and Canada. He tells me he can be in butt-ass Kazakstan and still surf. YET be about 100KM from any civilization in North America and nothing works!
This is why people better smarten up because he is laughing at how bad things are in North America!
Are you saying that I didn't?
Could it maybe be I was born in Germany, lived in Ontario, North Carolina (Salisbury), New York (Middletown), Quebec, UK, France, Switzerland, Germany, and Austria, and that I speak multiple languages?
If you want to say that I am not a Western then you have been reading one too many conspiracy theories!!!