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For one thing because now people who own high-speed low-latency connections to stock markets have no advantage over "normal" people who actually do meaningful
by amelius 1mo ago
For one thing because now people who own high-speed low-latency connections to stock markets have no advantage over "normal" people who actually do meaningful work, like being a policeman or nurse.
- logicchains 1mo ago>people who actually do meaningful work, like being a policeman Making a sudden event that happened on the other side of the world reflect in the local market price at almost the speed of light is far more meaningful work than going around shooting dark-skinned people.
- amelius 1mo agoIf this is how people in finance think, then this only makes my point stronger. The financial world is disconnected from reality and needs to be restrained.
- azan_ 1mo agoPrice discovery and increasing liquidity is meaningful work.
- amelius 1mo agoTo a very limited extent, maybe.