DINKDINK

22 ms·

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by DINKDINK 8y ago
>their core strategy, which is spending what would otherwise be a marketing budget on keeping commissions at zero, making money on the other ways "Making money others ways" aka stripping their clients of financial privacy by se
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by DINKDINK 8y ago
"Robinhood" steals from its users to gives to its investors: "Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders" [1] "Robinhood Investing App Secretly Makes Millions Selli
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by DINKDINK 8y ago
>we assume the Law of Large Number apply Null hypothesis mandates you make no such assumption. Even if you did, a gaussian distribution assumes variable independence which markets are most certainly not. Even still if the variables wer
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by DINKDINK 8y ago
>The numbers come from a large sample of exchanges Disclose the method and source "average price on last calendar" Average is a bad function to minimize error between expected values and actual values. Use median or median of
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by DINKDINK 8y ago
Cool site! but: Get an SSL certificate so you serve over https https://letsencrypt.org/getting-started/ "But I don't need a SSL...." Here's Why Your Static Website Needs HTTPS https://www
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by DINKDINK 8y ago
One dynamic that's underestimated in markets where the optionality of substantial non-marginal costs (CapEx, RegEx, etc) is amortized over volume (rather than optionality charges: access charges) is that a 10% decrease in use will neve
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by DINKDINK 8y ago
>The problem is this, you're always violating some law. "21 USC §§331, 333, 343 & 21 CFR §133.113(a)(3) make it a federal crime for a cheesemaker to sell cheddar cheese unless the curd was matted into a cohesive mass."
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by DINKDINK 8y ago
Yes! this is exactly how it should be! No free option! NC are antithetical to natural rights because they are slavery. If there is payment contingent on performance, than there isn't slavery. Given payment is required, firms that wou
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by DINKDINK 8y ago
Subsidization is when the costs of a product or service are hidden from you (Universal healthcare, a supplier takes you out to lunch, an employer pays for a worker cafeteria) Free is when there are no costs (watching a sunrise, receiving a
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by DINKDINK 8y ago
An investment is an entity you allocate capital to, to enable wealth creation. e.g. A baker buying an oven. Speculation is allocation of capital to an entity because you believe you or someone else will need it in the future. e.g. A banker
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by DINKDINK 8y ago
>NYC landlords need to stop waiting for the big pay day and start dropping prices. High vacancy symptoms can be caused by suppliers seeking higher surplus than the market will offer, it can also be caused by artificial price floors cause
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by DINKDINK 8y ago
>Ad networks get paid for fraud Ad networks value proposition is give us money and an ad and your revenue will rise. If there's fraud that just dilutes the effectiveness of the proposition. Eventually poor quality networks die in
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by DINKDINK 8y ago
A more interesting tool: a tool to stylometry-fuzz one's writing.
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by DINKDINK 8y ago
Thank you for committing yourself to non-aggression.
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by DINKDINK 8y ago
>It's not a trend where buyers choose recurring payments, but where companies only offer services through recurring payments. If a firm could be profitable and offer out-right purchases relative to recurring payments, why aren'
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by DINKDINK 8y ago
>one of the engineers https://en.wikipedia.org/wiki/Jamie_Zawinski There's lots of old-school people in that documentary. Brewster Kahle
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by DINKDINK 8y ago
>all I want to do is buy a bigmac with some cash and not worry about put options or hedging risk in currency fluctuations Who says you have to perform the hedge? Just contract with a firm to provide that service. Having the state grant
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by DINKDINK 8y ago
Price fluctuations are normal for markets. No one expects the exchange rate between food and oil to be constant, why expect it to be constant between a money and food? If you need down-side risk insurance, by a put option. When letting a
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by DINKDINK 8y ago
>- if you do make sure you can get out of your trade You can't ever properly hedge writing options. Black-scholes zombies and "dynamic" hedgers refuse to realize that markets move in lurches not continuous functions.
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by DINKDINK 8y ago
>Nassim Taleb often warns this is a dumb idea because in the long run something bad will happen from which you can't recover. Specifically, this is called ergodic collapse.
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by DINKDINK 8y ago
>It’s literally the only valid use case for it. Use case: a currency with better inflation characteristics than even gold.
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by DINKDINK 8y ago
>entirely unregulated secondary market Bitcoin to USD exchanges are incredibly regulated. AML/KYC/SAR are all required by many governments.
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by DINKDINK 8y ago
Related reading: "If plastic replaces cash, much that is good will be lost – Brett Scott | Aeon Essays" https://aeon.co/essays/if-plastic-replaces-cash-much-that-is...
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by DINKDINK 8y ago
So an economic free lunch, cool. /s "Ce qu'on voit et ce qu'on ne voit pas"
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by DINKDINK 8y ago
Only when you can control who can vote (Paxos) Not when systems can fail or lie (PoW/Nakamoto Consensus) Voting is sybill vulnerable.
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by DINKDINK 8y ago
>The problem with Proof of Work is that it is too inefficient and not that it consumes too much energy. If bitcoin could do 100k transactions per second globally The amount of energy mining consumes is not driven by the number of transac
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by DINKDINK 8y ago
>There are other coins that already use PoS. There are some coins that use PoS as a voting mechanism not a consensus mechanisms. If you so desired, you could do the same in any PoW chain. >How is it a ploy? Broadly small-game fallacy
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by DINKDINK 8y ago
PoW is a proven method to reach Byzantine-fault-tolerant consensus. PoS is a deceptive marketing ploy that the Ethereum "Foundation" has been using since 2014 [1] to dupe people into buying ethereum believing that PoS will replac
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by DINKDINK 8y ago
Product people are going to hate that friction, just add an undo invite button
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by DINKDINK 8y ago
How many studies were run that /didn't/ find any evidence? If that fact isn't included in the conclusion then this could be accidental p-value hacking.

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