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Joined 1 year ago
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Cake day: July 13th, 2023

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  • Well, a lot of stock trading isn’t as simple as just stock picking, buying and selling individual stocks.

    Much of the market is made up of derivatives trading, such as options, where you aren’t trading the stock itself, instead you are trading the option to buy the stock.

    The value of the option is derived from the value of the underlying asset, but it is not absolutely coupled to it (this is how a lot of the money is made, by finding market inefficiencies and capitalizing on things like slippage, where there is a mismatch in the value of the derivative and it’s underlying)

    What the person above is saying is that, when it becomes no longer profitable to trade underlying assets directly, new derivative markets will be invented that trade around other underlying assets.

    Think about unregulated Bitcoin trading for example, while contrived, imagine a crypto currency that is coupled with the price of another asset (these exist, like USDcoin) such as a stock, future, option, or something else.

    I should add, typically the derivative kind of collapse into the underlying at some point, but in the case of an option, it might be traded 100 times before that happens, during each of those trades the actual asset (e.g. the underlying stock) doesn’t actually change possession, and a given side of the contract may or may not be changing possession. If you write a call option for a 100 shares of Ford you own, you aren’t selling the stock unless the actual call gets assigned and you are required to fulfill the contract, but the ‘buyer’ side of the contract could have been sold 100 times in the meantime.

    All this to say, it’s complicated and there are lots of opportunities for shady shit to happen.











  • TPM isn’t inherently bad, it’s just a way to cryptographically store keys. TPM overall is great as it gives you a very secure way to store things like encryption keys.

    You also don’t need TPM to lock down a system. Locked bootloaders have existed for decades and platforms have historically rolled their own encryption modules as they wanted, like your ipad example, or any video game console in the last 20 years, or most mobile phones, etc.

    The ‘knows enough to be dangerous’ crowd has been fearmongering about tpm since it’s been introduced, it isn’t some magic bullet for vendor locking, since vendor locking is already achieved.







  • Declarative, functional code is by definition much closer to ai prompts than any imperative code. Businesses are just scared of functional programming because they think that by adopting oop then can make developers interchangeable, the reality is that encapsulation is almost never implemented in a proper way and we should be instead focusing on languages that enforce better systems over slamming oop into everything.

    Hell, almost every modern developer agrees that inheritance is just bad and many frown upon polymorphic code as well.

    So if we can’t properly encapsulate, we don’t want inheritance or polymorphism, we don’t want to modify state, what are we even doing with oop?




  • This is a bad outlook, there are plenty of low risk investment strategies that are meant as income generation, and it’s generally what you should switch to as you start needing to cash in on your savings, these are things like laddered tbills and dividend stocks.

    You can go slightly riskier doing things like wheeling options if your tolerance is higher.

    Investment profiles differ for a reason and the term of the investment is just part of the strategy.

    I should add that ‘buy and hold’ does not make something not a gamble.

    If I told you I bought a random crypto currency or penny stock with no future or fundamentals and plan to hold on to it for 10 years because I just know it’s gonna hit big, would you not consider that a gamble?