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I have no sympathy for high frequency traders losing everything. So many more interesting and meaningful uses of computing than trying to build a system to-out
by thanatos_dem 8y ago
I have no sympathy for high frequency traders losing everything.
So many more interesting and meaningful uses of computing than trying to build a system to-out cheat other systems in manipulating the global market for the express interest of amplifying wealth.
- sneakernets 8y agoI remember seeing this in the late 90s, seeing 18-year-olds becoming "millionaires" investing in a dot-com. Lasted a good six months before rock bottom.
- shrimpx 8y agoA trading bot is a money-making machine and so is Facebook. What's worse, a "headless" machine that is directly manipulating buy/sell orders to feed off market inefficiencies, or a machine that lures humans in, then converts their attention and time into money?
- nilskidoo 8y agoI've thought before that transforming our soft grey matter into gold is basically what the Rosicrucian alchemists were on about.