minimax

53 ms·

481.
by minimax 13y ago
Cryptocurrencies don't allow credit/debt systems. Sure they do. If you lend me 5 crypto coins with the understanding that I'll repay you 6 crypto coins next year then we have a system of credit. The invention of credit pred
482.
by minimax 13y ago
I spend a bunch of money buying electricity to run my electric kettle but that doesn't mean there's a huge market for selling hot water.
483.
by minimax 13y ago
a) A predictable low rate of inflation is good for a currency. b) Yes, that's my point. c) I didn't say it was "valued in dollars" I said it was priced in dollars. Point me at a liquid oil futures contract not priced in
484.
by minimax 13y ago
When oil isn't priced in USD what do you think it will be priced in? And what do you think CIA will be able to do about it?
485.
by minimax 13y ago
Ask a question or offer a critique of my twisted logic and I'll respond to it.
486.
by minimax 13y ago
There are a lot of question marks in your comment and I'm sure some of them are meant to be rhetorical and maybe some aren't. Also you mentioned something about exchanges talking to central banks which isn't something that ha
487.
by minimax 13y ago
I think that you undervalue the role of imperialism with regards to the purchasing power of USD Point me to a historical example of the US government saying "Use dollars or else!" and I'll change my tune. I think foreigners
488.
by minimax 13y ago
It's not about liquidity. EURUSD is one of the most liquid currency pairs in the world. You can exchange millions or tens of millions in one trade at a firm price. That's liquidity at scale. In spite of that, Euro is still complet
489.
by minimax 13y ago
Sorry steveklabnik, I would have replied sooner but got stuck on a long phone call. I'm not angry. I thought the post was worthy of a reasonably harsh takedown comment (sidenote: HN loves harsh takedown comments) because of its hubris.
490.
by minimax 13y ago
Here we have more evidence of the miraculous ability of crypto currencies to turn unassuming computer programmers into economics experts. Let's take a look at some choice quotes. There’s no inherent reason that a piece of paper has a
491.
by minimax 13y ago
Any suggestions for alternatives? I'm downloading my sales reports with the autoingestion tool but I'm curious what others are using.
492.
ITunes Connect is unavailable until December 28.(itunesconnect.apple.com)
1 points by minimax 13y ago|1 comments
493.
by minimax 13y ago
I'm not sure of that. One big theme in intelligence / counterintelligence is that it isn't necessarily what you know. It's how you know what you know. Secretly having a copy of the Snowden documents is much more valuable
494.
by minimax 13y ago
A US Internet activist and one of the people with access to Edward Snowden's documents, has told a Berlin paper that his apartment was broken into, saying he suspected US involvement. GMAFB. The Snowden documents would be hugely valu
495.
by minimax 13y ago
I was trying to put myself in the position of the guy who wrote the article. I.e. someone who is a "progressive" but moved into SF and has a decent income. If I'm moving to SF and there isn't any new construction to buy,
496.
by minimax 13y ago
I was just thinking today that if food prices tripled I would barely notice except that rest of the world would be on fire. I am not the marginal buyer for anything you really need to go on living. Food, energy, clothing. My personal income
497.
by minimax 13y ago
Have you considered this post in light of the inverted exchanges BYX, EDGA, and BX? You can effectively make your liquidity cheaper by posting to an exchange with an inverted fee schedule (pay to add, rebate when you take), but we still see
498.
by minimax 13y ago
Most retail traders actually get slightly (insignificantly) better prices for liquidity taking orders through price improvement at the wholesaler. Retail traders can also send post-only orders and participate in exchange the rebate/fee
499.
by minimax 13y ago
When you have an environment when 45% of the trading activity for a heavily traded stock is obscured for many years I'm not sure what you mean by "trading activity," but this article says 45% of the trades, _not_ 45% of the
500.
by minimax 13y ago
I think not printing odd lot trades to the consolidated tape was an anachronism that should have been done away with years ago. I wasn't arguing against that and I think it's a good thing that's happened. My point was that yo
501.
by minimax 13y ago
This article (and the comments here on HN) are cringe inducing. The author of the post has no idea how financial markets work. None. So what if 45% of all trades were odd lots? What was the value of those trades relative to the trades that
502.
by minimax 13y ago
Cool project. Can you say how much performance improvement you are getting with dSFMT versus a naive C loop? Another fast monte carlo anecdote: at Bloomberg they are doing this sort of thing with GPUs. http://www.wallstreetandtec
503.
by minimax 13y ago
Do you actually have to wire up a bank account in order to create a coinbase account? How many coinbase accounts actually have any money in them?
504.
by minimax 13y ago
If you want to get drunk and write code that's great. Good for you. But for a bunch of HN users to vote that up to the front page and be super excited about it is dumb. It's the acceptance and promotion of immature "brogramme
505.
by minimax 13y ago
Why is this stupid frat house bullshit on the front page of Hacker News? We can do better than this.
506.
by minimax 13y ago
Retail traders are, generally speaking, uninformed traders (relative to the rest of the market). As a result, retail order flow is extremely lucrative for market makers. There is little risk they'll get run over by a large informed tra
507.
by minimax 13y ago
I don't think teaching computer programming in public schools is silly and I hope I didn't imply that in my comment. And now imagine how exactly coding would be taught in the same schools in which 25% of 12th graders do not pass
508.
by minimax 13y ago
This legislation would designate computer programming languages as “critical foreign languages” and provide incentives for state and local schools to teach more computer science beginning as early as Kindergarten. Considering a computer p
509.
by minimax 13y ago
The conventional way of doing this is to require option sellers to post margin with the exchange. Bitcoin/USD futures and options contracts would have huge margin requirements.
510.
by minimax 13y ago
I am surprised at the selloff given that bit coin is completely impervious to government control. That is the whole point of bit coin. We buy bit coins because we all read about what happened in Cyprus and we don't want to worry about

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