8 ms·

I hope "amazed" is just poor wording.

chollida1 13y ago
I think I'm being trolled but I'll bite. What's wrong with the word amazed? If I said I worked at Google and I continue to be amazed at the tech behind how they served up ads would I still get the same remark from you? Maybe I could be doing more with my skill? I don't know but I really love the learning curve I'm on working with cutting edge technology and pushing the performance envelope.
- blumkvist 13y ago
  I realized that there's a frequent uproar against HFT, so I assume people here are pretty tired of it and are not willing to discuss it/have their minds made up about it already. That's why I won't go rhetoric. edit: I guess, I did though. I can't help to reply to the adwords question - although you can argue that advertising/marketing is soulless, at least it creates real world value. Someone makes a product, someone else buys it. Exchange of goods happens. Derivatives are uncontrallable in the my humble opinion. Especially if regulated by uber greedy people. And it makes me sad sad when I see the highest skilled people go and put their talent in something that is pretty much useless, apart from making a few, selected people even richer than they are. But I guess, whatever pays the bills. But that's not why I made my comment. I made my comment, because what I find even more sad, is people going numb to injustice and admiring this situation and the people who are making it possible.
  - mmodahl 13y ago
    Car insurance is a derivative.
  - jbooth 13y ago
    He wasn't admiring the economic situation, he was admiring some truly amazing high-end computer networking. If HFT produces nothing else (and I generally agree with your economic view of it), at least it'll have financed the next generation of low-latency networking gear.
  - fractalsea 13y ago
    So no one would buy anything if there was no advertising? Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...
  - fractalsea 13y ago
    So no one would buy anything if there was no advertising? Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...
  - fractalsea 13y ago
    So no one would buy anything if there was no advertising? Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...
- diydsp 13y ago
  >What's wrong with the word amazed? Amazement (dopamine rushes) confuses us. Biologically, we respond to amazement as part of the learning process. But all too often, we receive these dopamine rushes simply as a consequence of the amount of resources and effort someone (or a group) puts into something. e.g. You can go to Las Vegas, see thousands of people running around topless in gorgeous outfits and be amazed, yet what's the actual value to you? I see this ALL too often in art. People get "amazed" by things that require a great deal of effort/resources (look how many transistors in this CPU!), but this temporary narcosis blinds us to evaluating /whether it's a good idea/. So many art projects are simply the result of an ordinary person commanding extraordinary resources from a corporate entity to construct a large number of instances of a single, mundane object or a single, large-scale version of the object. In these cases, the art is not in the sculpture, but in the conning to get the resources. I see budding artists respond to this amazement and trying to get huge funding. Internet bloggers (Cory Doctorow comes to mind) abuse the word "amaze" all the time. I just checked boingboing.net right now and saw amazing used to describe wallpaper (no dude, this is /natural history/ wallpaper).
xradionut 13y ago
I think much of the effort is wasted. When you hire embedded designers to program FPGAs and ASICs just to be a few nanoseconds faster in your rent-seeking, it's a bloody shame.
- kasey_junk 13y ago
  Technology is making the existing system much more efficient, lowering the total amount of "rent-seeking" in the system. If this was any other industry it would be lauded. I don't understand the moralizing about this industry while we applaud start ups for building ever more complex twitter aggregators.
  - xradionut 13y ago
    Last time I checked, twitter programmers don't have a record of destroying economies nor deep capturing regulators.
    - kasey_junk 13y ago
      What economy did low latency trading destroy? Also, is there any more deep capturing of regulators in the finance space post low latency trading than there was pre?
      - deleted 13y ago
        [deleted]
    - auntienomen 13y ago
      This is an ignorant statement. The cause of the economic crash in 2008 was leveraged bets on lots of bad debt. These bets were made by fratboys in suits, shaking hands and making phone calls and sending emails. The financial instruments they used to do this were bespoke one-off deals, not securities traded on public exchanges. High frequency trading had nothing to do with any of this. HFT deals in fungible instruments traded in public markets.
- tedunangst 13y ago

I think I'm being trolled but I'll bite. What's wrong with the word amazed? If I said I worked at Google and I continue to be amazed at the tech behind how they served up ads would I still get the same remark from you? Maybe I could be doing more with my skill? I don't know but I really love the learning curve I'm on working with cutting edge technology and pushing the performance envelope.

blumkvist 13y ago
I realized that there's a frequent uproar against HFT, so I assume people here are pretty tired of it and are not willing to discuss it/have their minds made up about it already. That's why I won't go rhetoric. edit: I guess, I did though. I can't help to reply to the adwords question - although you can argue that advertising/marketing is soulless, at least it creates real world value. Someone makes a product, someone else buys it. Exchange of goods happens. Derivatives are uncontrallable in the my humble opinion. Especially if regulated by uber greedy people. And it makes me sad sad when I see the highest skilled people go and put their talent in something that is pretty much useless, apart from making a few, selected people even richer than they are. But I guess, whatever pays the bills. But that's not why I made my comment. I made my comment, because what I find even more sad, is people going numb to injustice and admiring this situation and the people who are making it possible.
- mmodahl 13y ago
  Car insurance is a derivative.
- jbooth 13y ago
  He wasn't admiring the economic situation, he was admiring some truly amazing high-end computer networking. If HFT produces nothing else (and I generally agree with your economic view of it), at least it'll have financed the next generation of low-latency networking gear.
- fractalsea 13y ago
  So no one would buy anything if there was no advertising? Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...
- fractalsea 13y ago
  So no one would buy anything if there was no advertising? Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...
- fractalsea 13y ago
  So no one would buy anything if there was no advertising? Or maybe you are worried they would buy less? In that case, would the world really be a worse place? People only buying what they need...
diydsp 13y ago
>What's wrong with the word amazed? Amazement (dopamine rushes) confuses us. Biologically, we respond to amazement as part of the learning process. But all too often, we receive these dopamine rushes simply as a consequence of the amount of resources and effort someone (or a group) puts into something. e.g. You can go to Las Vegas, see thousands of people running around topless in gorgeous outfits and be amazed, yet what's the actual value to you? I see this ALL too often in art. People get "amazed" by things that require a great deal of effort/resources (look how many transistors in this CPU!), but this temporary narcosis blinds us to evaluating /whether it's a good idea/. So many art projects are simply the result of an ordinary person commanding extraordinary resources from a corporate entity to construct a large number of instances of a single, mundane object or a single, large-scale version of the object. In these cases, the art is not in the sculpture, but in the conning to get the resources. I see budding artists respond to this amazement and trying to get huge funding. Internet bloggers (Cory Doctorow comes to mind) abuse the word "amaze" all the time. I just checked boingboing.net right now and saw amazing used to describe wallpaper (no dude, this is /natural history/ wallpaper).

xradionut 13y ago

I think much of the effort is wasted. When you hire embedded designers to program FPGAs and ASICs just to be a few nanoseconds faster in your rent-seeking, it's a bloody shame.

kasey_junk 13y ago
Technology is making the existing system much more efficient, lowering the total amount of "rent-seeking" in the system. If this was any other industry it would be lauded. I don't understand the moralizing about this industry while we applaud start ups for building ever more complex twitter aggregators.
- xradionut 13y ago
  Last time I checked, twitter programmers don't have a record of destroying economies nor deep capturing regulators.
  - kasey_junk 13y ago
    What economy did low latency trading destroy? Also, is there any more deep capturing of regulators in the finance space post low latency trading than there was pre?
    - deleted 13y ago
      [deleted]
  - auntienomen 13y ago
    This is an ignorant statement. The cause of the economic crash in 2008 was leveraged bets on lots of bad debt. These bets were made by fratboys in suits, shaking hands and making phone calls and sending emails. The financial instruments they used to do this were bespoke one-off deals, not securities traded on public exchanges. High frequency trading had nothing to do with any of this. HFT deals in fungible instruments traded in public markets.
tedunangst 13y ago