Alice and Bob exchange money for shares - the deal goes down, commissions are paid, everybody got what they wanted.
System B:
Alice and Bob exchange money for shares with Speedy "ironing out the inefficiencies in the system." Unless the transaction price for Alice and Bob is unchanged relative to system A, I'd say somebody is getting screwed. If Speedy is getting the deal done and charging less commission, then great, who cares if the brokerage firm isn't getting paid as much, that's good capitalism. But, any talk about "understanding the algorithms" and "millisecond time scales" is just B.S. if Alice and Bob can't get the same deal they would have without HFT - and I don't think either Alice or Bob give a damn if their trade takes 10ms, 10s, or even 10 minutes to transact - if they're "normal" traders, they'd rather pay less commission and wait for it.
I'd say it does, having perpetually stored recordings of all public activities enables the cops to effectively follow you around after the fact.
So, if that capability is used to nail a criminal committing serious crimes with warrants approved for the investigation, then - that might pass the non-harassment test.
On the other hand, if some organization decides that they can turn a profit by perpetual monitoring, for example: identification of people who commit fineable misdemeanors on a regular basis, then tracking their activities and sending them a bill with a threat of a summons to court - that would be harassment.
The interesting question is: where is the line drawn? and at this time, I don't think it has been.
In that case, taking a video of a police officer in a public place should not be a problem.
It all depends on the officer, and how much time you want to spend in court(s) defending your rights...
Once, I got buffaloed by a postmaster for taking a picture of a letter being mailed at the post office. It seems that the clerk was "uncomfortable" with her picture being taken by my friend as the letter was posted, so she reported me to the postmaster... if we had cleared the building before the postmaster came out of her office, I doubt anything would have come of it, but as it was, she cornered us and "made" us erase the pictures on the digital camera - which we could have easily lied to her about whether or not the photos were erased... thing was, the clerk was "uncomfortable" her boss wanted to stick up for her, all we were trying to do was get proof of what was in a letter that was posted to my landlord (which I ended up getting anyway because the landlord failed to pick up her certified mail, so it came back to me...) Yes, we could have all resisted the postmaster's request, she might, or might not have called the cops, the cops might or might not have arrested us, we might or might not have decided to pursue it in court, etc. I'm fairly certain no laws were being broken, but it wasn't worth the hassle to find out for sure.
There are gunshot monitoring systems installed in many major cities - a network of microphones that can be used to determine where a shot was fired from. This is considered reasonable and not an invasion of privacy.
On the other hand, it would also be possible to install a network of microphones that monitor all conversations on the public street, with frighteningly good ability to zero in on individual conversations. The audio could be compressed and stored cheaply, and recalled at any time in the future. Use of this kind of information is generally NOT accepted in criminal investigations today....
They have been doing fun "wiring" of places like restaurants for years - large numbers of microphones distributed around the room with the signals superimposed to reveal conversation at one specific table...
There is a certain expectation of privacy while in public - and a cop who follows you around every time you leave your home and then repeatedly cites you for trivial violations would be found guilty of harassment. However, if you are suspected of significant criminal activities and investigators follow you to check those activities out - that's not harassment... it's like porn - the judge knows it when he sees it.
My great granny chewed tobacco until she was 97.... no, really, factual statement: she did.
Cancer rates from tobacco are quite high, compared to death rates from childhood diseases, and COPD and all the other unpleasantness that comes from smoking are plain for all to see.
Chicken pox seems to be becoming a problem child for the developed world, again. Even with exposure and/or vaccination, adult recurrence is causing all kinds of nasty problems for people, including my mother's brother and my wife's mother. For me, the jury is still out whether or not vaccination, or childhood exposure offers better protection later in life. I think both of my older family members with varicella problems today were "lucky" and missed childhood exposure.
It was a long time ago, and not a very big deal. I know I had multiple "childhood diseases" that kept me out of school for a week or more, I might have missed on the measles, I certainly was never hospitalized. This was the common experience in the U.S. in the early to mid 1970s.
My grandparents were pretty spooked about Tetanus, they had seen people die from it, and I think the shot for that was already out - I do remember being about 7 years old and stepping on a rusty nail that put an orange spot on the back of my big toenail, and then hiding the fact from my parents because I didn't want the freak-out that was sure to follow. Apparently, I either had the shot, or not every rusty nail carries life threatening tetanus.
When this thing got rolling, that was a big part of the problem: thimerosal preservative in multi-dose vials. All kinds of issues like the mercury not being evenly distributed among doses, so the quoted fractional exposure could be optimistic by a factor of, basically however many doses are in a single vial, and even the quoted level of mercury exposure from thimerosal was higher than adult safety limits, and we were injecting it into infants... get new parents thinking about that and you'll have a hard time reasoning with them later.
So, then, along about 2003 they finally started removing thimerosal from all (domestic) vaccines, and Wakeman and McCarthy got on a roll, autism diagnosis rates were basically skyrocketing at the time, from 1:10,000 a few years earlier to 1:100 and being revised upwards with every news cycle, the kids went from unknown to highly visible to most new parents...
Something happened and it's still not explained, but new parents want explanations...
I'm pretty sure I had the measles, or was it mumps? Maybe both. Certainly chicken pox, as did most of my 4th grade classmates. It wasn't a big deal, a week or two staying home from school, nobody died. By the 1970s, common childhood diseases were still common, but thanks to the good basic healthcare available, deaths and serious injuries were quite rare. The last vaccinated disease that had a major visible impact of killing and maiming people was polio - that vaccine was a huge win.
Since then, if you are truly worried about dying, you'd be better off staying away from motor vehicles and taking your chances on the diseases.
Not saying that I don't drive, just what the odds are.
Round them all up and shoot them. Clearly they are social deviants and cannot be accepted in modern society, the rest of the world can sleep easier knowing that this sort of thing is not tolerated, right?
That's a little harsh, I suppose we could send them to a leper colony instead, that one in Hawaii looks pretty nice.
It bothers me plenty that people running a half-billion dollar business don't know how to perform and interpret basic accounting audits.
Bothers, but does not surprise.
Also, put yourself in this guy's shoes, this guy that had a piddly little trading card business a few years back, then this thing falls in his lap and goes all Midas on him... he was probably in shock/denial for at least a week that it could possibly have all gone wrong.
I suppose they can keyword match my text (and yours, on this site), and they might do some syntactical parsing, looking for meaning among the text automatically, but most "actionable analysis" still takes people reading... Hadoop et. al. can point them in likely places to dig, but since I have nothing to hide, the analysts can pore over the reddit links I send to my wife and bunny photo cartoons she sends to me for days and days, looking for something that's not there.
So, keep your backups at diverse locations, if you can. Personally, that's a lot of damn work to keep up, I've never managed to get the rsync processes setup to mirror from one end of the house to the other, let alone opening firewall ports and setting up an encrypted link to a remote location.
Sure, it's all possible, but your time really worth so little?
I've had enough of trusting companies like Google to always have a particular service available and to keep their snoots out of my stuff.
I've got enough "stuff" going on in my life that trusting a company like Google to keep "forever" backups of things like my e-mail seems to be a whole lot more reliable than relying on myself to make proper timely backups.
Plus, if I had anything to hide, it could very well stay hidden, off or on cloud servers. The sheer volume of crap that isn't hidden should be enough to keep any snooping investigators busy for a long time - meaning, it will be costly for them to sift through my records looking for something that's not there.
Are you including anything for the cost of the protective housing, power supply, building, air conditioning, etc.?
Then, if you want to access your data on the go, you need network connectivity....
Sure, all those are sunk costs. You can get lots of really good things "for free" in your own home if you don't consider the actual cost of space in that home...
I get the feeling that for $1.99/month, you're buying 5% fractional ownership in a 2TB drive that costs ~$99 to purchase and another ~$199 to configure, connect, maintain, power and dispose of over a ~3 year average lifetime. Say $300 total cost - $100 a year. If the drive is fully subscribed, it's bringing in ~$40/month, call that $20/month after costs of collection, administrative overhead, customer handholding, etc. Still a healthy profit margin left in there. If they're actually selling a lot of cloud storage space at these prices, I'd say their financial future looks good.
In other news, CEO of a multi-million dollar crypto-currency bank/trading house decides to gather information for a few days before halting trading based on a suspicion that something might be wrong.
Well, I've never been victimized in any significant way, but I know people with less financial stability than me who have gotten into a huge mess after repeated identity theft problems.... Their money was retrieved, but only after putting them through hardships and time wasting worth 10x what was "temporarily" unavailable.
And, yes, BTC has none of that. Gone is gone. Kind of like stock in a folded company.
Melinda and Bill Gates have three children: daughters Jennifer Katharine Gates (born 1996) and Phoebe Adele Gates (born 2002), and son Rory John Gates (born 1999)
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System A:
Alice and Bob exchange money for shares - the deal goes down, commissions are paid, everybody got what they wanted.
System B:
Alice and Bob exchange money for shares with Speedy "ironing out the inefficiencies in the system." Unless the transaction price for Alice and Bob is unchanged relative to system A, I'd say somebody is getting screwed. If Speedy is getting the deal done and charging less commission, then great, who cares if the brokerage firm isn't getting paid as much, that's good capitalism. But, any talk about "understanding the algorithms" and "millisecond time scales" is just B.S. if Alice and Bob can't get the same deal they would have without HFT - and I don't think either Alice or Bob give a damn if their trade takes 10ms, 10s, or even 10 minutes to transact - if they're "normal" traders, they'd rather pay less commission and wait for it.
Day traders are only criminals if the IRS decides to audit them.
I'd say it does, having perpetually stored recordings of all public activities enables the cops to effectively follow you around after the fact.
So, if that capability is used to nail a criminal committing serious crimes with warrants approved for the investigation, then - that might pass the non-harassment test.
On the other hand, if some organization decides that they can turn a profit by perpetual monitoring, for example: identification of people who commit fineable misdemeanors on a regular basis, then tracking their activities and sending them a bill with a threat of a summons to court - that would be harassment.
The interesting question is: where is the line drawn? and at this time, I don't think it has been.
In that case, taking a video of a police officer in a public place should not be a problem.
It all depends on the officer, and how much time you want to spend in court(s) defending your rights...
Once, I got buffaloed by a postmaster for taking a picture of a letter being mailed at the post office. It seems that the clerk was "uncomfortable" with her picture being taken by my friend as the letter was posted, so she reported me to the postmaster... if we had cleared the building before the postmaster came out of her office, I doubt anything would have come of it, but as it was, she cornered us and "made" us erase the pictures on the digital camera - which we could have easily lied to her about whether or not the photos were erased... thing was, the clerk was "uncomfortable" her boss wanted to stick up for her, all we were trying to do was get proof of what was in a letter that was posted to my landlord (which I ended up getting anyway because the landlord failed to pick up her certified mail, so it came back to me...) Yes, we could have all resisted the postmaster's request, she might, or might not have called the cops, the cops might or might not have arrested us, we might or might not have decided to pursue it in court, etc. I'm fairly certain no laws were being broken, but it wasn't worth the hassle to find out for sure.
Expanding on an idea I posted above:
There are gunshot monitoring systems installed in many major cities - a network of microphones that can be used to determine where a shot was fired from. This is considered reasonable and not an invasion of privacy.
On the other hand, it would also be possible to install a network of microphones that monitor all conversations on the public street, with frighteningly good ability to zero in on individual conversations. The audio could be compressed and stored cheaply, and recalled at any time in the future. Use of this kind of information is generally NOT accepted in criminal investigations today....
Lets no pretend incidentally stumbling onto a suspicious conversation is the same as monitoring EVERY conversation.
It's not, but the caselaw isn't firm on how this will be handled, yet.
They have been doing fun "wiring" of places like restaurants for years - large numbers of microphones distributed around the room with the signals superimposed to reveal conversation at one specific table...
There is a certain expectation of privacy while in public - and a cop who follows you around every time you leave your home and then repeatedly cites you for trivial violations would be found guilty of harassment. However, if you are suspected of significant criminal activities and investigators follow you to check those activities out - that's not harassment... it's like porn - the judge knows it when he sees it.
My great granny chewed tobacco until she was 97.... no, really, factual statement: she did.
Cancer rates from tobacco are quite high, compared to death rates from childhood diseases, and COPD and all the other unpleasantness that comes from smoking are plain for all to see.
Chicken pox seems to be becoming a problem child for the developed world, again. Even with exposure and/or vaccination, adult recurrence is causing all kinds of nasty problems for people, including my mother's brother and my wife's mother. For me, the jury is still out whether or not vaccination, or childhood exposure offers better protection later in life. I think both of my older family members with varicella problems today were "lucky" and missed childhood exposure.
It was a long time ago, and not a very big deal. I know I had multiple "childhood diseases" that kept me out of school for a week or more, I might have missed on the measles, I certainly was never hospitalized. This was the common experience in the U.S. in the early to mid 1970s.
My grandparents were pretty spooked about Tetanus, they had seen people die from it, and I think the shot for that was already out - I do remember being about 7 years old and stepping on a rusty nail that put an orange spot on the back of my big toenail, and then hiding the fact from my parents because I didn't want the freak-out that was sure to follow. Apparently, I either had the shot, or not every rusty nail carries life threatening tetanus.
Competition is always healthy, which is why Windows sucked so badly for so long.
Also, I can't help every time I see the name "Mir" - didn't that crash and burn years ago after an intentional de-orbit?
When this thing got rolling, that was a big part of the problem: thimerosal preservative in multi-dose vials. All kinds of issues like the mercury not being evenly distributed among doses, so the quoted fractional exposure could be optimistic by a factor of, basically however many doses are in a single vial, and even the quoted level of mercury exposure from thimerosal was higher than adult safety limits, and we were injecting it into infants... get new parents thinking about that and you'll have a hard time reasoning with them later.
So, then, along about 2003 they finally started removing thimerosal from all (domestic) vaccines, and Wakeman and McCarthy got on a roll, autism diagnosis rates were basically skyrocketing at the time, from 1:10,000 a few years earlier to 1:100 and being revised upwards with every news cycle, the kids went from unknown to highly visible to most new parents...
Something happened and it's still not explained, but new parents want explanations...
I'm pretty sure I had the measles, or was it mumps? Maybe both. Certainly chicken pox, as did most of my 4th grade classmates. It wasn't a big deal, a week or two staying home from school, nobody died. By the 1970s, common childhood diseases were still common, but thanks to the good basic healthcare available, deaths and serious injuries were quite rare. The last vaccinated disease that had a major visible impact of killing and maiming people was polio - that vaccine was a huge win.
Since then, if you are truly worried about dying, you'd be better off staying away from motor vehicles and taking your chances on the diseases.
Not saying that I don't drive, just what the odds are.
Round them all up and shoot them. Clearly they are social deviants and cannot be accepted in modern society, the rest of the world can sleep easier knowing that this sort of thing is not tolerated, right?
That's a little harsh, I suppose we could send them to a leper colony instead, that one in Hawaii looks pretty nice.
Ummm... what about the massive explosive potential of a battery big enough to power a beast that heavy?
O.K. O.K. so, it probably won't explode with deadly force, but imagine the news footage if somebody managed to get it to ignite.
Would you really want that tempting a target? Yes, yes, gasoline is also explosive, but it is all too common.
Having the POTUS' ride carrying a rare, if not unique, flammability potential feels, arrogant.
It bothers me plenty that people running a half-billion dollar business don't know how to perform and interpret basic accounting audits.
Bothers, but does not surprise.
Also, put yourself in this guy's shoes, this guy that had a piddly little trading card business a few years back, then this thing falls in his lap and goes all Midas on him... he was probably in shock/denial for at least a week that it could possibly have all gone wrong.
I suppose they can keyword match my text (and yours, on this site), and they might do some syntactical parsing, looking for meaning among the text automatically, but most "actionable analysis" still takes people reading... Hadoop et. al. can point them in likely places to dig, but since I have nothing to hide, the analysts can pore over the reddit links I send to my wife and bunny photo cartoons she sends to me for days and days, looking for something that's not there.
Although 5 is prime, I think this comment deserves at least a 7, possibly 11 score...
Remote chances:
Lightning strike
Fire
Theft
Flood
So, keep your backups at diverse locations, if you can. Personally, that's a lot of damn work to keep up, I've never managed to get the rsync processes setup to mirror from one end of the house to the other, let alone opening firewall ports and setting up an encrypted link to a remote location.
Sure, it's all possible, but your time really worth so little?
I've had enough of trusting companies like Google to always have a particular service available and to keep their snoots out of my stuff.
I've got enough "stuff" going on in my life that trusting a company like Google to keep "forever" backups of things like my e-mail seems to be a whole lot more reliable than relying on myself to make proper timely backups.
Plus, if I had anything to hide, it could very well stay hidden, off or on cloud servers. The sheer volume of crap that isn't hidden should be enough to keep any snooping investigators busy for a long time - meaning, it will be costly for them to sift through my records looking for something that's not there.
Is your 1 TB internal SATA ever powered on?
Are you including anything for the cost of the protective housing, power supply, building, air conditioning, etc.?
Then, if you want to access your data on the go, you need network connectivity....
Sure, all those are sunk costs. You can get lots of really good things "for free" in your own home if you don't consider the actual cost of space in that home...
I get the feeling that for $1.99/month, you're buying 5% fractional ownership in a 2TB drive that costs ~$99 to purchase and another ~$199 to configure, connect, maintain, power and dispose of over a ~3 year average lifetime. Say $300 total cost - $100 a year. If the drive is fully subscribed, it's bringing in ~$40/month, call that $20/month after costs of collection, administrative overhead, customer handholding, etc. Still a healthy profit margin left in there. If they're actually selling a lot of cloud storage space at these prices, I'd say their financial future looks good.
In other news, CEO of a multi-million dollar crypto-currency bank/trading house decides to gather information for a few days before halting trading based on a suspicion that something might be wrong.
Oh, wait...
Well, I've never been victimized in any significant way, but I know people with less financial stability than me who have gotten into a huge mess after repeated identity theft problems.... Their money was retrieved, but only after putting them through hardships and time wasting worth 10x what was "temporarily" unavailable.
And, yes, BTC has none of that. Gone is gone. Kind of like stock in a folded company.
Melinda and Bill Gates have three children: daughters Jennifer Katharine Gates (born 1996) and Phoebe Adele Gates (born 2002), and son Rory John Gates (born 1999)