very nice! this is one of those "git clone and walk away" moments, because something this good and free won't be around forever
HN user
deltateam
"goodput"
-you pay less for an order -it takes less time for your order to get filled -more efficient pricing -liquidity ripples out into risk management products derived from thick order books -easier to manage risk -lower cost of transaction
"badput"
-hard to compete against the liquidity providers -they have unparalleled view of order flow, which runs counter to a market with fair equal access to information
it is right at the intersection of things you are more familiar with in tech:
aggregating user data and selling it.
people with dis-equal access to service and collecting everyone else's orders midstream and selling it:
the machine two racks away from the matching engine is selling information to the machine one rack away from the matching engine
and this goes all the way out to your broker, your etrade or robinhood who is selling all of your profile and trade data to the machine two racks away from the matching engine
it adds a lot of value for a lot of people. the actual femtosecond trade isn't what anybody cares about.
regarding the equality, it wasn't that long ago where you had dis-equal access if you couldn't physically be at the stock exchange, in fact thats where you were supposed to be if you wanted to trade. so I can't buy that argument, in isolation.
I do think it is a form of front-running, which is regulated in some capacity but very specifically worded such that your broker can't place a trade before you just because they found out you wanted to. what we have here is front-running but from different unrelated companies in the chain and all automated by machine.
and I think I would just make an additional exchange where people have another queue they can get to the front of..... faster.
everyone else would think of that too
its why people choose ICOs: immediate liquidity with the biggest "controversy" being that VCs get to buy at a lower price.
this is distinct from a decade+ long private equity drama, only to find out that you, all employees and even the founders get nothing from the exit event. This is where getting to the exit is wrought with landmines, just to find out your particular exit is horrible but a fairly standard affair.
now that there is competition lets talk about what we can do to make both markets better
Some banks in San Francisco offer bike loans, like car loans specifically tailored for this.
There may be institutions near you that offer similar financing. With the right interest rate this would be cheaper than taking the bus.
Really? Its phone number is 555-xxxx and the passerby says the call can't be completed? How are we supposed to take this seriously
I'm glad you had fun, I don't think these are relevant here
The average protonmail user doesn't care and/or know why using a credit card could be a problem.
Right, which is hilarious.
As always with great (/s) solutions proposed on HN
Using an opportunity to patronize without understanding my perspective at all. Interesting... (cont.)
it's neither simple, nor are there any great incentives for providers or is there consumer demand.
Despite not knowing or caring that I would agree with this.
Anyway! The landscape of cloud service providers always has providers that don't care about outsized consumer demand. Therefore this seems to be more of an educational issue as well as an assertiveness issue distinct from one related to the practicality of running a cloud service.
Given that coding academies can get someone a 6-figure job in 6-months
Community Colleges are institutions that can also focus on the subset of trades actually relevant the current private sector.
I've watched Indian movies that were controversial in India or some Indian states, and I can see how the western audience or curator could totally not understand what an Indian audience would agree with.
There was one Indian movie from 2004 that was controversial because it featured a lesbian couple. The movie had the typical bollywood love triangle, except the guy was ANGRY that the beautiful woman wanted to see another beautiful woman, along with seeing him. He expressed his anger and was trying to break up this "unholy arrangement" and correct the one woman into loving a man, and exclusively.
I'm more used to men expending all of their energy trying to get into situations with two beautiful women, and then accepting the improbability of two equally attractive and bi-sexual women existing.
So this movie was pure comedy to me, as well as the Indian state's extreme response. Just india things.
It is hard to understand the ideological assumptions of that pervasively conservative but kinda-wannabe-westernized society.
Payments with Monero use would have solved and prevented the donor data from being leaked.
I'm still a little distressed at how few web-anything providers accept Monero.
Privacy focused email services and cloud service providers should be using it
but what we really have is protonmail only accepting credit cards and nobody seems to see the irony in that.
occassionally in the past I have found email and cloud service providers accepting Bitcoin, and I shapeshifted Monero over TOR to pay for the invoice. Nobody knows who I am and they received the bitcoin they were looking for.
But that was YEARS ago, 2015? 2016? Seems the possibilities have gotten worse for now
I don't buy it.
I used to pursue highly compensated careers, and now I don't rely on a paycheck. I occasionally pursue some high value commission deals just because I have the network for it, and this can top up my accounts whenever.
I travel a lot and go to a lot of coveted events: it isn't that expensive.
If you already had a highly compensated career (low six figures, high 5 figures in a no-income-tax state), your biggest issue was time.
Stock market fluctuations cost more than going out. Being on the wrong side of the market costs more than the last minute flight to the other side of the world in the middle of summer.
What do you think your friends really did that you abstained from? I'm sure you have a couple of observations, but I think the real conclusion is that you missed out. Quitting work and raising a child is a coveted outcome, for some, but I don't think you know if your colleagues have stunted wealth just because they did things more fulfilling to them.
You are surprised that people aren't debating the analogy yet?
a "race to the bottom" is when people offer better and better services at lower and lower prices, in an almost comical way because the people interested in that trade exert a high level of discipline and are not rewarded for it.
such was the case of graphic design in pakistan, and still is.
shrugs
Honestly I have never seen any drama from Pakistan that matched my expectations of due process.
The rebuttals and speculation are mildly entertaining, and the finality of their court garners no respect from me either way.
If the whole case hinged on the font actually existing in the wild in some capacity but the probability that it was on someone's computer at that point in time, yet some obvious to me possibilities were never even brought up, then all I can say is "lol, Pakistan."
Its not my problem that the defense never brought it up.
Shows a real lack of imagination.
"Actually we used to moonlight on Craigslist and routinely searched for fonts in leaked beta software to differentiate ourselves"
Now I'm being facetious.
But there are a lot of probable ways a font was added, ESPECIALLY for people that aren't good with computers. A toolbar added by a hacker group could have stolen fonts in it.
or a Pakistani web/graphic designer was in their family and the oversaturated race to the bottom resulted in obtaining that unique touch.
surprised that never came up during the case, but Pakistan drama is fun to watch play out from afar.
Having dealt with so many Pakistani web/graphic designers and photo retouchers back then, I don't think it is highly unlikely at all.
There was such a competitive race to the bottom with graphic design work that I could have seen the Prime Minister's son, daughter or anyone in their network having had that font on their computer.
At the time of this trial, I always had to laugh about the argument and wondered if I could present this reality as a third party to the trial, but then I saw that like every Pakistani Prime Minister is brought down this way and realized it has no bearing on my life whatsoever.
I don't think there's such a thing as $160k jobs just floating around.
Well, there are and the point of finally getting around to saying this out loud is to push through the brainwash.
Too many people are subservient to their uncompetitive employers just because they feel obligated to "count their blessings".
Turn down six figure job offers for the right gig which typically comes with a better compensation package.
Before you make your rebuttal, lets up the stakes even more: I've done this unemployed with six figure debts, a calculated risk, and now I have no debts. Calculate your risk. If you get it wrong, ruin your family, lose access to credit and also end up homeless, well yeah that happens.
Part of this comes down to the expense needed to find and train employees. The structure is set up to resent this expense and the probability of the expense.
The incentives guide behavior. I'm not offering a solution, just the observation.
input "article about recycling bitcoin mining infrastructure"
output "sound bite about bitcoin mining energy use unrelated to the article"
I did some blockchain related work and now my linkedin messages from consultants and crypto-practitioners never stop.
If you "want strong blockchain with 100.000 TPS" I can connect you over InMail.
the rate of capital growth is intended to outpace the rate of labor
this isn't news, this is the design: make enough money fast enough that you can live off it forever. if you do it too slow, you have to live off the principle and it is more likely that a large cost destroys your principle.
my first [uninformed] thought is that there is no external reason why they would want to
for me its typically to build a tool, or get paid + subsidize my own ventures from getting paid. my own ventures are run much cheaper because I don't need to pay a developer.
after hitting the glass ceiling doing dev work for other people, one of those coding reasons became obsolete, simultaneously this means the cost of having other devs run my software ventures is also much more practical. having devs onboarded means I can also throw random unrelated tasks at them to build the tool I imagined. I may not have any reason to want to code anymore
A kid raised at this socioeconomic level may not see a reason why they need to.
I also was never interested in coding before real world problems arose. Academic stuff, and book lessons never stuck for me.
also, yes they could simply be not interested.
Choyna
its not even a premature optimization to make completely interchangeable server code these days.
the shareholders should be proud that such naivete towards vendor lock is still rampant
I wrote a similar comment, thats what the best practices are for
We would have lost everything — years of work
Okay that sounds like a greater systemic problem.
You should be have been able to deploy your git repository on another system pretty quickly, as well as have your own backups of your database.
The most time consuming thing should be setting up the environment variables.
Let me see, what else would be tricky: if you are using google analytics that data might be gone, but your other metrics package should have had many snapshots of that data too
sent you an email
The concern around Tether may well be justified, but some of the things I've seen presented as evidence suggest a lack of understanding about what normal exchange activity can look like.
MOST of the concerns I've seen about Tether are based on a lack of understanding about how most markets work.
Its funny to me because the reasons I don't use Tether have to do with it being centralized in general, (with the assumption that they are full reserve). The systemic risk fractional reserve fear is why other people are concerned about Tether, and it doesn't really matter? That company is a huge target either way! If they seek to prove their reserve by an accountant, then their banking partner gets exposed and will close Tether's accounts, or that bank will be cut off by other banks.
This is what has happened in the past, when Wells Fargo cut them out of their international wires route.