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That is not un an entirely unfair characterization. However in my mind HFT practicioners are model citizens when compared to so many of the bright young minds w
by zarkov99 6y ago
That is not un an entirely unfair characterization. However in my mind HFT practicioners are model citizens when compared to so many of the bright young minds working in the worlds largest tech companies. HFT is a neutral force in the world, while Ad driven tech is causing harm at a scale that is hard to overstate. History will judge the companies profiting from manipulating the worst in us in a much harsher light than they will HFT.
- otabdeveloper4 6y agoComplaining about advertising is like complaining about money. Business absolutely cannot exist without advertising. The need must be filled one way or another. The same cannot be said about HFT and stock markets in general.
- zarkov99 6y agoIts not the need for advertising. Its the unreasonable effectivness and devastating side-effects of the attention sequestration techniques developed in the last 10 years. Its not only that years of our of lives are being directly stollen by vapid bullshit, its that the effects of this manipulation extend well beyond the actual time spent engaging with it, with absolutely horrific consequences to our mental health, our coesion as a people and ultimately our physical safety. In a generation, if not earlier, the ad bussiness will be looked upon in a worst light than the tabaco industry. And this will be entirely appropriate.
- otabdeveloper4 6y agoAgain, business cannot exist without advertising. Even money and finance is negotiable - business can survive on barter alone, even though the overhead would be monstrous. But advertising is not negotiable, it must exist in one way or another if the economy exists. If you want to go down this road, argue about the "how", not the "what". The idea of banning advertising outright is too silly for words.