Earlier quoted context omitted.
I don't see life slowing down, maybe after some natural or man-made disaster wipes out half the population and most modern infrastructure, but until then, I only see things getting faster. HFT is the perfect example of the benefits of being fast, literally by trading faster, not necessarily better, billions in profit are made. In other fields, first-movers often have a massive advantage, AWS for example. Just look at…
I'm sorry, Europe has missed out on the last three generations of technology? I live in Europe and have visited the US. My impression has been the opposite. When I was visiting (5 years ago): - The trains didn't work - People printed out google maps instructions instead of using a network connection because data connections were bad/expensive - I had to sign my name to pay with a card at gas stations. I couldn't use…
Lack of same day/instant money transfers between bank accounts so everyone uses paypal which is not a real bank and it can block your money for 180 days for their "investigations"