hendzen

19 ms·

151.
by hendzen 8y ago
I evaluated zapcc at one point. Its a fork of clang because the changes are very intrusive to clang, and probably would have had a hard time getting accepted in to trunk without a ton of debate. I believe it actually daemonizes in to a long
152.
by hendzen 8y ago
You do realize that you can still have some very rich people and still have a more equitable distribution of wealth than we have today, right?
153.
by hendzen 8y ago
If all of AAPL stock is tokenized, and someone hacks a custodian of say 30% of AAPL, is the hacker now owner of 30% of AAPL?
154.
by hendzen 8y ago
I'm sure they will come up with some plausible reason like the project having incompatible goals, or embracing a different design architecture than the one they wanted. Truthfully, these 'prestige' projects are done for reaso
155.
by hendzen 8y ago
Yep. A lot of quant strategies actually exclude biotech altogether. Simply too volatile. Even with relatively conservative portfolio concentration limits you can still lose millions on a bio name dropping 50% due to a rumor of a failed clin
156.
by hendzen 8y ago
In today's software profession we're all duct tapers to varying degrees. Everyone is using someone else's abstractions.
157.
by hendzen 8y ago
Before HFT existed those risk free trades were taken by NYSE floor brokers. If anything the amount taken is smaller since spreads are so thin now - they used to be much wider in those days. There is always going to be some way to profit by
158.
by hendzen 8y ago
Things rich people like to do with large amounts of money: - Housing. Multiple dwellings around the world. A penthouse in London, a villa on the southern coast of France, etc. - Travel. No more sitting in an Uber or public transit on your w
159.
by hendzen 8y ago
People can access a security today, anywhere. By using their broker over the internet. Can you give specific, real-world examples about how the "friction" is lower? And what precisely do you mean by "friction" - lower co
160.
by hendzen 8y ago
The assets that are being traded represent some other economic activity. For equities trading, for example the shares actually are a piece of a revenue earning company. The trading activity benefits society by allowing the company to sell a
161.
by hendzen 8y ago
People already can't naked short sell except in very limited circumstances for market making purposes. It's not as widespread as you think it is. I would suggest reading about Regulation SHO.
162.
by hendzen 8y ago
No, it just moves the race from getting the first order at the +0.01/-0.01 band placed to getting the first order priced .00000001 better than the top placed before a liquidity-taking order comes in. There is no really easy way to &quo
163.
by hendzen 8y ago
If someone can honestly explain why the blockchain would be any better than the DTCC for tracking equity security ownership I'd love to hear about it.
164.
by hendzen 8y ago
Re: Robinhood fees. Who cares about the fees that the wholesalers pay -- It's about the end-user experience. And for that matter, you don't seem to understand the full picture on how routing/fees work with retail orders for U
165.
by hendzen 8y ago
What specific transaction costs/rent collecting are you referring to? As a retail investor I can trade stocks for free on Robinhood. My orders get filled instantaneously at the current market price. On other platforms the per-trade fee
166.
by hendzen 8y ago
Why not? Circle (US based) bought Poloniex which is one of the biggest Tether exchanges. If you're Coinbase and you get to buy Bitfinex/Tether at a firesale price + pay some fines to the SEC if needed, why not?
167.
by hendzen 8y ago
Circle acquiring Poloniex changed the game. The rumored assurances from regulators that Poloniex's prior KYC/AML transgressions would be ignored as long as Circle fixed them going forward was all it really took. Now we are seeing
168.
by hendzen 8y ago
Guiding policy is a rather small part of being a politician and usually something (at least in the US) that is dealt with partially by aides. Being a politician in a democracy is about winning elections and forming consensus in democratic b
169.
by hendzen 9y ago
I'd be interested to know the percentage weighted by USD notional amount raised.
170.
Palantir worked with Cambridge Analytica on Facebook data, whistleblower alleges(cnbc.com)
31 points by hendzen 9y ago|1 comments
171.
by hendzen 9y ago
1) agreed - for mobile apps to maintain some semblance of data sandboxing, this would require FB to work with Apple. I'm imagining some kind of new iOS "Secure API" where the return values from certain API calls are marked &q
172.
by hendzen 9y ago
The portion of the app that deals with FB data would be hosted at FB, the portion of the app that deals with Google would be hosted at Google, etc. And this is only a problem for applications that pull user data from FB itself, if it was m
173.
by hendzen 9y ago
The UI could be a web page, mobile app, etc just like FB.com. But to see any user data you would actually have to be authorized as that specific user. I.E. a developer could test their app by logging in with their own FB account and using t
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by hendzen 9y ago
The backend of the mobile app would run on FB servers.
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by hendzen 9y ago
To really fix this, Facebook will have to stop allowing 3rd party developers direct access to user data. Basically, FB should introduce an App-Engine like platform where the backend of any 3rd-party application that uses FB data has to run
176.
by hendzen 9y ago
Short sellers, villainized though they may be, provide a valuable service to the market and society as a whole. It’s a good thing that people are incentivized to spot companies that are financially overstretched (or worse) - it keeps compan
177.
by hendzen 9y ago
Matt Levine's newsletter (Money Stuff) for general financial news.
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by hendzen 9y ago
Average Wealthfront account is 44k according to their form ADV, far less than the 420k threshold you gave. It seems reasonable to guess that the account sizes follow a Pareto distribution so probably more (potentially much more) than 50% of
179.
by hendzen 9y ago
Look up tax loss harvesting. For most people the money Wealthfront/Betterment save you via tax deductions will be more than their fees.
180.
by hendzen 9y ago
"They find evidence that large investors tend to trade more in periods ahead of important announcements, say, which is hard to explain unless they have access to unusually good information." Typically for regular macro-level finan

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