The lure of the quick money is too strong to ignore, and that's what the media wants to cover, thus backfeeding the frenzy when others join the search for the overnight hit. The thing is, even overnight hits take a long time and lots of work these days. It sure must have been nice to be an app developer back in the times of iFart.
Good point, but the market is immensely more skewed toward the winners in the game arena. I'm not saying that we're going to break the bank, but we have a far better chance than a random game developer.
If you develop yet another puzzle game, you're up to compete with the Zingas of the world, and chances are you'll hit the wall. On the other hand, if you focus on solving real problems and using the advantages of the platform to improve your customer's life, you might be onto something. Case in point, Appfluence (disclaimer: I co-founded it). We make Priority Matrix, a productivity app for a niche market that highly values time savings and clarity of mind. We're nowhere near top 10 (although we've been close at times), but it's consistent income with a lot of potential.
Great analysis. The Glass–Steagall Act was signed into law in 1933, 4 years after the 1929 crash. The re-enactment of that law, as well as the establishment of a Tobin tax, are among the principal requests I've seen voiced. It seems timely, it's almost 4 years after Bear-Sterns.
My guess is that SF dwellers are far too well off to care for this. I'd love to be proven wrong, but it seems like blue collar causes don't resonate as well around these parts.
The spark the lit the Arab spring was the self-immolation of a young man in Tunisia who was being harassed by local police for not having a street selling license. He didn't have a clear agenda either.
On what do you base that perception? I've only read very reasonable requests, touched with a bit more than a pinch of idealism. Two of the most recurrent requests are a Tobin Tax to trade transactions and the re-enactment of the Glass–Steagall Act. I don't see how that would lead anyone to believe the protesters want free money from corporations.
The #occupywallstreet movement is inspired by Spain's "indignados" which, to this day, remains independent from mainstream parties. In fact, its core is around the "Democracia Real Ya" group, which calls to vote for anyone but the two principal parties.
Since you only tax the profit, the incentive is still there to game the system with variations of high speed trading, just at a less attractive rate. The Tobin tax was designed to introduce a tiny bit of friction in financial systems without harming honest investors. If you buy 1000 shares and plan to keep them, paying $0.01 a piece wouldn't hurt you at all. If you do a million transactions per minute, the cost starts piling up.
I've moderated elsewhere in this thread but to heck with the points. This is exactly the root of the issue. Americans are somehow worth more than non-Americans exactly why? I still remember my blood boiling while watching the news a few years back after ETA killed some local businessman in northern Spain, and this middle aged lady was scandalized because "now they're also killing Basques!". Just like she was able to go on with their life as long as they only murdered young policemen brought from Andalucia, far south.
I like your analogies. But I honestly think MS have the best intentions (of profiting) with the deal. It's just that Nokia should have played their cards better.
One interesting differentiator with respect to other Android devices is the Silk browser. I'd like to get one in my hands to verify that allegedly reduced page loading time. That's what's killing me when I use my mobile devices.
I'm not sure I buy that "Intel has given up on the notion that x86 is ready for phones", given that they recently showcased an x86-Android tablet. It's just a different strategy. In my opinion, they should have done this in February, when Nokia stabbed them in the back.
I read long ago about projects for satellite mirrors that would focus, for example, on disaster zones so crews could work overnight as if it was day time.
Because with Intel's record, we can expect massive improvements in power in the coming years, and because having more than one available architecture is a good thing for many reasons.
I'm not saying I agree with either side, but I have to say BART's strategy is clever. They're making regular citizens angry at the protesters that make them wait for hours to be able to go home by forcing the closure of the main 4 stations in San Francisco, hence hurting their cause.
Shuffle the queue with a pseudo-random algorithm and a known seed. Fair for all, impossible to manipulate without knowing the specific order in which your trades will arrive, and 100% verifiable in case an audit is needed.
The fact that it can be modeled using the same mathematics that were developed to work on physical phenomena does not erase the fact that they're being used to pervert the market. Stocks exist as a way to smoothly connect investors with businesses that need the money, rewarding those who run and pick the better ones. HFT siphons money from that noble purpose, for the sole benefit of those who can afford running a super computer next door to the NASDAQ. Everybody else loses, and that's why it is in the general interest to prevent it.
Slashdot Mirror
I would love to see you pitch on Shark Tank. Seriously, consider it.
The lure of the quick money is too strong to ignore, and that's what the media wants to cover, thus backfeeding the frenzy when others join the search for the overnight hit. The thing is, even overnight hits take a long time and lots of work these days. It sure must have been nice to be an app developer back in the times of iFart.
Good point, but the market is immensely more skewed toward the winners in the game arena. I'm not saying that we're going to break the bank, but we have a far better chance than a random game developer.
If you develop yet another puzzle game, you're up to compete with the Zingas of the world, and chances are you'll hit the wall. On the other hand, if you focus on solving real problems and using the advantages of the platform to improve your customer's life, you might be onto something. Case in point, Appfluence (disclaimer: I co-founded it). We make Priority Matrix, a productivity app for a niche market that highly values time savings and clarity of mind. We're nowhere near top 10 (although we've been close at times), but it's consistent income with a lot of potential.
Yes, lack of luck is what we're all talking about here.
Great analysis. The Glass–Steagall Act was signed into law in 1933, 4 years after the 1929 crash. The re-enactment of that law, as well as the establishment of a Tobin tax, are among the principal requests I've seen voiced. It seems timely, it's almost 4 years after Bear-Sterns.
As are the Dems. Pretty much every key figure in the 2008 crisis was confirmed by Obama when he took office. You can't expect any change from that.
My guess is that SF dwellers are far too well off to care for this. I'd love to be proven wrong, but it seems like blue collar causes don't resonate as well around these parts.
The spark the lit the Arab spring was the self-immolation of a young man in Tunisia who was being harassed by local police for not having a street selling license. He didn't have a clear agenda either.
On what do you base that perception? I've only read very reasonable requests, touched with a bit more than a pinch of idealism. Two of the most recurrent requests are a Tobin Tax to trade transactions and the re-enactment of the Glass–Steagall Act. I don't see how that would lead anyone to believe the protesters want free money from corporations.
The #occupywallstreet movement is inspired by Spain's "indignados" which, to this day, remains independent from mainstream parties. In fact, its core is around the "Democracia Real Ya" group, which calls to vote for anyone but the two principal parties.
Since you only tax the profit, the incentive is still there to game the system with variations of high speed trading, just at a less attractive rate. The Tobin tax was designed to introduce a tiny bit of friction in financial systems without harming honest investors. If you buy 1000 shares and plan to keep them, paying $0.01 a piece wouldn't hurt you at all. If you do a million transactions per minute, the cost starts piling up.
You got one thing backwards: Slashdot would have to buy that site to bring him over.
I've moderated elsewhere in this thread but to heck with the points. This is exactly the root of the issue. Americans are somehow worth more than non-Americans exactly why? I still remember my blood boiling while watching the news a few years back after ETA killed some local businessman in northern Spain, and this middle aged lady was scandalized because "now they're also killing Basques!". Just like she was able to go on with their life as long as they only murdered young policemen brought from Andalucia, far south.
I like your analogies. But I honestly think MS have the best intentions (of profiting) with the deal. It's just that Nokia should have played their cards better.
One interesting differentiator with respect to other Android devices is the Silk browser. I'd like to get one in my hands to verify that allegedly reduced page loading time. That's what's killing me when I use my mobile devices.
I'm not sure I buy that "Intel has given up on the notion that x86 is ready for phones", given that they recently showcased an x86-Android tablet. It's just a different strategy. In my opinion, they should have done this in February, when Nokia stabbed them in the back.
I read long ago about projects for satellite mirrors that would focus, for example, on disaster zones so crews could work overnight as if it was day time.
Because with Intel's record, we can expect massive improvements in power in the coming years, and because having more than one available architecture is a good thing for many reasons.
Let's see a quick history of inventions over time, one million at a time:
Interesting to look at an evolution of what was patented at different times in history.
I'm not saying I agree with either side, but I have to say BART's strategy is clever. They're making regular citizens angry at the protesters that make them wait for hours to be able to go home by forcing the closure of the main 4 stations in San Francisco, hence hurting their cause.
Shuffle the queue with a pseudo-random algorithm and a known seed. Fair for all, impossible to manipulate without knowing the specific order in which your trades will arrive, and 100% verifiable in case an audit is needed.
The fact that it can be modeled using the same mathematics that were developed to work on physical phenomena does not erase the fact that they're being used to pervert the market. Stocks exist as a way to smoothly connect investors with businesses that need the money, rewarding those who run and pick the better ones. HFT siphons money from that noble purpose, for the sole benefit of those who can afford running a super computer next door to the NASDAQ. Everybody else loses, and that's why it is in the general interest to prevent it.
Damn, I should have bought NOK last week. It's up 20% today after the Google-Motorola announcement.
Ready access to an audience of millions who wouldn't go out of their way to find this type of news, but could benefit from it anyway.