photon137

17 ms·

121.
by photon137 14y ago
NeHe's OpenGL tutorials used to be a good (although now kind of outdated) starting point. Shaders didn't use to exist back then. But still a good start: http://nehe.gamedev.net/ A game engine is much more complex than a graphics engine.
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by photon137 14y ago
Very Beautiful! The demo has a nice Skyrim/LOTR feel to it and the lava flows were just gorgeous! If that lava flow generation is completely procedural then I'm extremely impressed. Writing a highly parametrized engine like that with JIT sc
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by photon137 14y ago
Of course - what the banks did back then was plain and simple wrong. Even what they're doing now (dabbling in structured credit products like JP Morgan's ~ $3B loss) is stupid. Plus they're getting cheap cash from the Fed to finance their a
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by photon137 14y ago
I agree - I didn't explain this very well. The former utilizes taxpayer money, the latter doesn't. The first is an all-out investment, the second, a loan. Also, the portion of the cash that is not used by the bank is usually deposited back
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by photon137 14y ago
How on earth do I have a "pat-us-on-the-head" attitude? You're just infusing your comments with what I think is political (possibly Ron Paul-esque) rhetoric without understanding how monetary policy transmission and Fed lending works even w
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by photon137 14y ago
These were loans - albeit on very easy terms, I agree. The difference between a government bailout (which the Treasury did, in fact) and a Fed's "lender-of-last-resort" loan is crucial. The former involves recapitalization of the bank with
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by photon137 14y ago
The various Feds' open market operations and reverse repo operations inject/sterilize billions of dollars every day from the markets. $3 trillion may seem like a big amount on the balance sheet to unwind - but that kind of liquidity can be
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by photon137 14y ago
Bernanke had to do a lecture series (as part of a PR-initiative, I assume - but he's an academician as well) explaining the Fed's actions to those who may not be that well-versed with macroeconomics or how the FOMC works. You should read th
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by photon137 14y ago
cost between $8 and $15 trillion depending on what you're counting (total deficits + Fed bailouts) I always cringe when somebody calls the Fed's actions bailouts . These are asset purchases by the Fed versus injecting cash into the monet
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Ubisoft unveils game based on in-game "augmented reality" at E3(youtube.com)
1 points by photon137 14y ago|0 comments
131.
by photon137 14y ago
Wow! That's a revelation to me! So, in effect, that implies that information cannot escape the "boundary" of the universe as nothing can surpass the speed of light, ie, the universe is a black hole. This would certainly explain some thing
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by photon137 14y ago
That line is available to any other central bank in the world without going through primary dealers at all - it's just that China is using it to avoid giving info of its UST holdings or buying/selling trends to the open market. This is espe
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by photon137 14y ago
differences between this and jqPlot? ( http://www.jqplot.com/index.php )
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by photon137 14y ago
I think everybody should learn to code at school when they're kids. That way, they can decide if they want to become real programmers/software-engineers or something else. Just as every kid learns mathematics does not mean he/she has to b
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by photon137 14y ago
Exactly - and if FB issued debt - it will trade higher than that of Ford's (with the implicit assumption that FB is a better credit name than Ford). Those debentures are usually used to finance pension liabilites. I am not sure if corporate
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by photon137 14y ago
"...but still, the vast majority of debt trades in the 90-110 range." That's usually for freshly issued/on-the run or about-to-mature debt. It _used_ to be the case before the financial crisis that most debt traded near par - that has chang
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by photon137 14y ago
Yes, there is :). Take equity control of the company (which should be cheap enough for a badly-doing company) - now you'd have control over the financing decisions of the company. Issue "junior" debt uncollateralized by the company's assets
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by photon137 14y ago
It will. Issued debt rarely ever trades at 100 (except in special cases - ie debt near maturity etc). And, in any case, you cannot compare market values of two companies with different leverages such as FB and Ford without renormalizing ear
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by photon137 14y ago
You mean equity valuation lower than book value of equity. Assets don't come into the picture at all.
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by photon137 14y ago
Wrong. EV should include debt at _market value_. FB could just as easily issue debt in billions and I'd think that the market will be valuing it higher than that of Ford's for the same issue coupon (which just came back into the investment
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by photon137 14y ago
Investors care about marginal returns. An additional $1 invested into Ford won't bring as much returns as an additional $1 invested in Facebook. Ford's is a capital-intensive business. That's what gives it hard assets that make its market c
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by photon137 14y ago
Democracy and freedom are double-edged swords by their very nature.You are perfectly entitled as an individual to reject those freedoms. I think you as an individual then should be slapped with a visa requirement to visit all other nations
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by photon137 14y ago
Well, there are a lot of others nowhere near as influential as RMS whose "LiveJornal"-esque posts about "entrepreneurship" - a la: How I made $2 million from $2 - regularly make the HN homepage. I could live with the former (and for once,
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by photon137 15y ago
That's useful to know - thanks!
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by photon137 15y ago
Can you say how feasible it is to build an HFT startup - the operating costs of execution/connectivity/colocation(!) aside - do you think regulatory authorities make the barrier-to-entry too high? SEC/FINRA have Series 7/56 requirements for
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by photon137 15y ago
Plenty of things are wrong with the London startup scene - Silicon Valley has the advantage of being close to great universities where you can recruit great talent (not that these companies don't go to the East Coast to recruit). London doe
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by photon137 15y ago
Isn't that a standard feature of x86 function-invocation, ie, argument values are stored in caller's stack? (although C# runs on CLR, but still...)