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Good point. But maybe being in HN there is high demand also for not inventing something that knowingly takes money from dumb people.
by bitcoinmoney 8y ago
Good point. But maybe being in HN there is high demand also for not inventing something that knowingly takes money from dumb people.
- clay_the_ripper 8y agoYes I agree with you 100%. I didn’t mean to condone their actions, just to point out that this is clearly not designed to beat hft, it’s designed to make a profit off of dumb money, and the more interesting debate is whether that’s morally wrong or not. Debating about strategy and hft is a distraction from the real debate which is: should YC fund a company like this? I don’t doubt that this company can make money, and probably a lot of it. But should they?