The Day George Soros Broke the Bank of England to Make $1.1B (2021)

Post by gadders » Mon, Mar 21, 2022, 9:24 AM UTC

mikeyouse wrote: post #139

gadders wrote: post #129

Earlier quoted context omitted.

>>Ah, yes, funding DAs that let people out on cash-free bail so they can continue committing crimes that the people who donate aren't affected by because they are living a privileged life. Fixed that for you.

I'd love to hear a moral argument for having two people arrested for the same crime and keeping one of them in pre-trial detention because they can't afford the bond, but letting the other one out because they have access to $1k.

I don't know about moral arguments, but there is certainly a practical one for having 50% less potential criminals on the street.

Post by daniel-cussen » Sat, Mar 26, 2022, 6:45 PM UTC

hakfoo wrote: post #178

daniel-cussen wrote: post #165

Earlier quoted context omitted.

This is true. Speculators play a vital role in stabilizing the price of a commodity over time. All other forms of arbitrage are meaningless besides the biggest one of them all: temporal arbitrage. Buy low sell high. And with it, sell high buy low. Government employees, for instance for Codelco, Chile's state-owned mining corporation, value speculators because those speculations are the best predictions of the future.…

It feels like a theory/practice problem. If there were zero external costs to having a minimum-latency market, no big deal. But we're still short of that. So there's a lot of money and brainpower being thrown into marginal decreases in market latency. Do we want so many of our best engineers chasing HFT performance? It also creates a new ecosystem of arbitrage-- the guy with 20ms ping can take advantage of price diff…

I don't know that they actually are that competitive about marginal decreases in market latency. I think they're competitive for some stuff, but for others, it's easier to split the atom than split their eyelids. Literally.

Like I came up with a sorting algorithm I thought HFT--just some single monopolistic HFT company--would love, like die for. And I kept it so secret, did so much so nobody could hack it under any circumstances, never put it in an email, nothing, and? and? I sent it to over 40 FAANG and HFT equivalents and never heard back.

They really don't care about time, like really in real life. After the fact, yeah. Like when you're explaining to them why they lost money I guess. Not beforehand, when they could make money.

You're projecting about how competitive it actually is. Maybe if I actually split the eyelids first, then it would be competitive, but without that it is it is about as competitive as auctions for the best uranium mineral rights in the 1920's. Nobody gives a shit!

Re: The Day George Soros Broke the Bank of England to Make $1.1B (2021)

Re: The Day George Soros Broke the Bank of England to Make $1.1B (2021)