andylei

29 ms·

241.
by andylei 14y ago
> Swartz's actions took place in the "open" culture of MIT, and that context matters and should be taken into account before you accuse Swartz of wire fraud. Orin Kerr: > As for unauthorized access, you're assuming that the unauthor
242.
by andylei 14y ago
> Swartz could have thought "MIT/JSTOR doesn't give a damn if I scrape these articles, but I don't care to ask for official resources to do it just to be told no." except that 1. his behavior was clearly against JSTOR's terms of service
243.
by andylei 14y ago
he did buy a new laptop. its in the article.
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by andylei 14y ago
uh, definitely not. his analysis is about whether the charges the prosecutors levied against him were reasonable, based on case law. if he misinterpreted established case law or the charges levied against aaron, his analysis certainly coul
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by andylei 14y ago
nothing can go on forever. that doesn't make the sample size any larger
246.
by andylei 14y ago
> Nature is a VERY complex system. When we mess with it, we make incremental visible gains, and run the risk of large, invisible losses. this is an argument against literally any kind of technology. electricity, medicine, computers, st
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by andylei 14y ago
> the implications of Monsanto's Terminator seed technology (DRM for plants) what do intellectual property laws have to do with being pro or con GMOs?
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by andylei 14y ago
> The world doesn't face a food shortage. We already have enough food due to GMOs...
249.
by andylei 14y ago
well, (key, val) in data works if data = {(1,2) : 3}
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by andylei 14y ago
Addepar is Hiring - Engineers - Mountain View, Ca Who we are: Engineers rebuilding the infrastructure that powers global finance. Current technology in the space is so broken and opaque, it empowers scandals like Bernie Madoff to go on for
251.
by andylei 14y ago
this entire thing is nonsense. seriously. > Freicoin's parameters are carefully chosen to eliminate the basic interest component of investments, called the liquidity premium by economists Liquidity is a real thing, not a product of cur
252.
by andylei 14y ago
> It's not the gun. It never was the gun. It's the person. this is such a bad argument. of course its true that the person is responsible, but that's not an argument against gun control. we can't just lock up everyone that could possib
253.
by andylei 14y ago
you don't have to be "investing" in an asset to have exposure to that asset. you have short exposure to an asset iff: asset value up => your utility down. the opposite is true of long exposure. by owning and using a car, you have a sho
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by andylei 14y ago
very little. 96% of all new cars already have the boxes.
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by andylei 14y ago
> "does the federal government belong in the business of telling auto makers what equipment cars must have" > it seems quite clear to me that this is an improper role of government in an open, free society i'll bite. from a practica
256.
by andylei 14y ago
I think this line did it for me: > I trusted my wallet to hold cash, boarding passes, and IDs without deforming or falling apart, and it did. Imagine the chaos if my wallet started deforming! My wallet was some random wallet I bought at
257.
by andylei 14y ago
When I needed to eat, all the bread in the grocery store was gone. But they were only a penny a loaf! I starved, but seriously, what a good grocery store! Only a penny! Is that your alternative?
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by andylei 14y ago
correlations are aggregate data measures that are only meaningful on large datasets. a high score on the SAT for one person does not imply that that person is smart. it just means that if you had a large population of people and you wante
259.
by andylei 14y ago
sometimes master keys operate things like elevators and control panels
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by andylei 14y ago
none of the things you said describe a mechanism for how hft can topple society / endanger markets / other non specific harms. seriously, reread your comment. now apply it to online shopping, telephone systems, satellites, air traffic contr
261.
by andylei 14y ago
>> It's all connected. is that really the best argument you have?
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by andylei 14y ago
Except that's just not how anyone trades. Before computers, its not like people just waited until they got a price match to make a trade. Human market makers sat in the middle making money the exact same way computers do. Except they were
263.
by andylei 14y ago
There's nothing preventing humans from abandoning the markets as well. This isn't unique to HFT. Human market makers can also withdraw their liquidity when things don't look good.
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by andylei 14y ago
YOU are missing the forest for the trees. When the a stock is misvalued for about twenty minutes on the public markets, NO ONE raising money in the public markets (in the form of IPOs or secondary offerings) loses money. Not a single one.
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by andylei 14y ago
people exiting short positions
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by andylei 14y ago
> Except it stifles innovation in other sectors this is intentional. the point is we want wind and solar to succeed because they have lower negative externalities. the competing sectors we want to not succeed are things like oil and c
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by andylei 14y ago
> wind and solar subsidies > the government is picking a winner. Sometimes picking a winner is a good thing. Burning coal and oil pollutes air and exacerbates global warming. These are bad things. As a society, we should pay a lit
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by andylei 14y ago
> sell orders for stock that doesn't exist naked shorting is only possible if you are a market maker. if you don't have a locate, you can't short the stock. also, how are you going to put up the margin required to short that much stock?
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by andylei 14y ago
1. if there was a hostage situation inside the exchange. they'd stop trading for all securities pretty much instantaneously. nobody's trades after the start of the hostage situation would be honored. 2. the exchange's data centers aren't e
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by andylei 14y ago
>> this lawsuit wouldn't be happening if FB's stock was at $50 maybe not from UBS, but probably from somebody else. if you were putting in excess short sell orders at the open an FB had gone up, you'd be in the same position UBS is

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