753 karma · joined March 13, 2013
Should police only pull over people in luxury cars because they're more likely to be able to pay a speeding ticket?
There are also a lot of homeowners who locked in at a very low interest rate (both new homes and refinancing) with little incentive to move any time soon.
I build financial market infrastructure and in the last twelve months I've seen companies in my industry presenting at AWS and Splunk conferences, and a Cassandra meetup.
There are lots of great technologists in the space that are just like the rest of us and love sharing ideas. There are definitely NDAs in place, but "financial infrastructure" generally refers to processing systems, not trading systems. The former is increasingly utilized, while the latter generates alpha (i.e. where you actually make money).
People like sharing ideas about processing infrastructure because everyone benefits when the rest of the market gets better at it also. Your efficiency is only as good as your counterparties' efficiency. If their system breaks, you still have a broken trade that costs you operational time and money no matter how good your infrastructure is.
There is a lot more wrong with what this author wrote, but in the interest of time I'll keep my answer to the question asked.
https://medium.com/axoni/axlang-formally-verifiable-smart-co...
Including this comment. I'm toast.
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My problem with this line of logic is that it can be applied to anything not owned directly by the person under surveillance. For example, let's say you rent an apartment. Can the government force the landlord to install mics and cameras without telling you? It's not your property, so do all of your fourth amendment protections disappear?
edit: That's why the section you quote only has around half of the figure shown in the headline.
http://bitcoinmagazine.com/7050/bootstrapping-a-decentralize...
1). Interest and principle on USTs are paid in USD, so the notion that the Chinese government simply "wants to send those dollars back to the US" is bunk since they're ultimately getting more back
2). If the Chinese government wanted to directly influence USD value, they could also simply hold onto the USD as currency reserves to take it out of the market / reduce supply
By buying US debt, China is doing the same as the Fed: lowering yields/increasing prices of USTs via increased demand. This allows the government to keep borrowing large amounts, which in theory should offer the cash needed to continue buying Chinese goods.
Moreover, USTs are by far the most liquid high-grade paper available. Pretty much the only possible investment to support volume of the size China needs.
And, while not likely to be used in the near term, this is absolutely an investment in defense. Chinese officials have openly supported the notion that large holdings of Japanese debt could be used as a crippling weapon, why wouldn't that apply to the US?
http://www.telegraph.co.uk/finance/china-business/9551727/Be...
http://www.theblaze.com/stories/2013/10/10/rumor-check-obama...
Still appears to be $100M+ ...
Should the state (Rockstar in this case) offer direct monetary provisions to the citizens without requiring productivity in exchange? The tough part is that both sides of the argument make sense. It's not fair that some players have had an unduly difficult time getting started, but it would also be unfair to diminish the value of the achievement of people who have succeeded by distributing gobs of cash to satiate the masses.
The analogy breaks down in that there's no inflation in GTA (as far as I'd guess, haven't played), but interesting nonetheless.
Since one of the parties involved in "Tinder for Clothing" is inanimate, where's the value-add? In essence this is just a product catalogue, no?
http://thegenesisblock.com/bitcoin-cross-exchange-spreads-re...
http://www.washingtonpost.com/blogs/the-switch/wp/2013/09/20...
Tapering was dependent on econ data, which simply hasn't been there to support it. I know plenty of people who were betting that it wouldn't happen, myself included. Good overview of why from before the announcement here:
http://www.moneyweb.co.za/moneyweb-safm-market-update/r-1805
All it would take is for one major player to take a view on what was going to happen without hearing the fed data in an attempt to beat the market. Other algos then see that and act on it, playing the other players instead of the data, as algos are known to do frequently. All of this could happen in the time it takes for the actual data to get there.
There were tons of people who expected yesterday's announcement to turn out just as it did. I'm not saying that's what happened, just that it's a possibility to keep in mind before jumping to conclusions.
http://web.archive.org/web/19980610100009/www.redherring.com...