285 karma · joined December 17, 2019
Your comment says otherwise.
If the USSR had such a wonderful society, why did they have to systematically mass murder ordinary people who wanted to leave this wonderful society?
https://capx.co/soviet-communism-was-dependent-on-western-te...
You: Exactly!
Glad you also agree with my comments, then.
If you're saying that slavery is also abhorrent and evil—like the slavery and mass murder that takes place under Communism—then we're in agreement. Now, can you please answer the question?
Your question, on the other hand, is silly. Substitute the USSR with Nazi Germany.
Nope.
1. Some things are objectively more convenient than others.
2. I've explained exactly what I mean. And so did Dijkstra.
Since you apparently don't want to use natural numbers for indices, what do you want to use?
What makes you think that? If they had such a wonderful "way to structure and run society in general", why did the USSR and its satellite states have to systematically mass murder people who wanted to leave this wonderful society?
[0] https://en.wikipedia.org/wiki/Emigration_from_the_Eastern_Bl...
[1] https://en.wikipedia.org/wiki/Schie%C3%9Fbefehl
[2] https://en.wikipedia.org/wiki/Mass_graves_from_Soviet_mass_e...
You seem to be confused with your history/terminology.
To address your larger point: That markets are not perfectly efficient does not buttress socialism and central planning. Far from it. The latter are much worse.
It literally does not.
Absolutely false. Are you American yourself?
As the Danish PM put it,
"I know that some people in the US associate the Nordic model with some sort of socialism. Therefore, I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy."
Yes there is. A mugging is still a mugging even if the victim is "free" to give their wallet.
> websites are free to not abuse cookies to track their users.
You're free to not use such websites.
I dislike tracking and avoid being tracked myself. But this absolutely is a regulation and it's immensely disingenuous to pretend otherwise.
[0] https://cafehayek.com/2013/09/ritholtz-and-the-big-lie.html
[1] https://mercatus.org/sites/default/files/publication/RUSS-fi...
https://en.wikipedia.org/wiki/Natural_number
Dijkstra is saying the following.
Part 1:
Natural numbers have a least element X. (In fact, any subset of them does. This is called the well-ordering principle.)
Part 2:
Suppose lower bounds are exclusive. Then the lower bound L of any interval containing X must be less than X. Since X is the smallest natural number, L must be an unnatural (non-natural) number.
It is more convenient to stay in the naturals.
Therefore, it is more convenient to use inclusive lower bounds.
Part 3:
Suppose upper bounds are inclusive. Then, to represent an empty interval, the upper bound must be less than the lower bound. (If it were equal to the lower bound, we would get a singleton interval, not an empty interval).
It is already strange that we need an upper bound that is less than the lower bound. But there's more: When the lower bound is X, this would again take us out of naturals.
Therefore, it is more convenient to use exclusive upper bounds.
Conclusion:
It is more convenient to use inclusive lower bounds and exclusive upper bounds, i.e. convention (a).
This argument is basically airtight.
If you've worked with mathematical proofs before, you'll have experience with how they make proofs shorter and more elegant.
That's why they're natural base cases.
Either:
1. You didn't actually read the comment.
2. You have no idea what ZeroNet or Blockstream are.
It is no crime to be ignorant of the topic, but it is totally irresponsible to have a loud and vociferous opinion on it while remaining in this state of ignorance.
In its discussion of physical and financial censorship (note the 2nd sentence), the comment also did (and I have to wonder how you "missed" this) refer to one of the best real-world illustrations of the value of cryptocurrencies: circumventing Venezuela's tyrannical regime and its destructive fiscal and monetary policies. That's my home country, and those are real lives. I'd love to hear you lecture me about how those people don't exist.
> and the supposed resiliency
Why "supposed"?
> I'm pretty sure GP has heard of those.
"Heard of"? Maybe. Understand? Clearly not.
> Whether HFT provides any benefit in terms of liquidity and smaller spreads is by no means clear.
It is. Bid-ask spreads are down to about 3 basis points from about 90 basis points 2 decades ago. Curbing HFT in the past—surprise, surprise—increased the spread. See also [0].
> HFT is certainly neither necessary nor even contributing to price discovery.
Well, you are certainly wrong [1], despite prefacing your false claim with "certainly". What does that tell us? Why are you prefacing false claims with "certainly"?
> I submit that the economy would work just fine with a price auction every minute (maybe with stochastic cut-off) for, say, 3 hours a day
Indeed the economy would "work just fine" with horse-drawn carriages and pigeon post. I commend you for your brilliant proposal. I recommend we implement this novel idea as soon as possible and see how it goes.
[0] https://www.forbes.com/sites/timworstall/2014/04/01/hft-real...
[1] https://www.cfainstitute.org/en/research/cfa-digest/2015/04/...
I’m not automatically worse off because someone else is better off. That’s fallacious nonsense (the zero-sum fallacy). And it definitely does not meaningfully translate across countries, if what you’re interested in is human welfare.
[0] https://www.hoover.org/research/income-inequality-isnt-probl...
I recommend expanding your understanding of the world beyond your coddled first-world perspective.
https://news.ycombinator.com/item?id=25797143
> I still don't understand why HFT is not illegal
Then I suggest you learn something about what liquidity, bid-ask spreads, arbitrage, and price discovery are, and how financial systems work in general.
See https://en.wikipedia.org/wiki/Purely_functional_data_structu... and Okasaki’s book Purely Functional Data Structures.
See also
https://news.ycombinator.com/item?id=25841660
Doesn't work when the start position isn't 1.
> But that first case doesn't matter in a 1-based array because the range size is just `b`
Only if a = 1.
3. "But how do you have two adjacent ranges when they both have the same starting position?" What do you mean?
Consider the length n prefix of a sequence. With 1-indexing, for n = 0, we have sequence[1:0], which means
a. The end position is before the start position (?!).
b. We have to use 0 anyway.