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* Posts by Johan Bastiaansen

408 posts • joined 14 May 2007

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Hey, Michael Lewis: Stop DEMONISING Wall Street’s SUPERHUMAN high-speed trading

Johan Bastiaansen
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Let's see if I understand this correctly . . .

We should build a complex machine to run the market and our economy. Nobody really understands how it works, the algos interact with each other at an incredible speed. The life expectancy of these algos is a couple of weeks, so no time for any real testing.

And this is a great idea because HFT will reduce the cost of trading making it 99% more efficient, from 0.2% - 0.002%.

Not really. If a transaction of 100 is made, there was a cost of 0.2% or 99.8 efficiency. Now we have a cost of 0.002% or 99.998 efficiency. That's not a 100% increase in efficiency, it's a 0.1984% increase in efficiency.

Any other bright ideas Tim?

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Facebook's Zuckerberg buttonholes Obama, rages against NSA dragnet spying

Johan Bastiaansen
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Zuck does have point

He doesn't want the government to spy on people. Surely in a free society, that's something a company should do, and they can sell that information to the government.

Zuck is losing money hand over fist here because he has to deal with a government backed competitor ! ! !

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Newsweek knocks on door of dad-of-six, tells him he invented Bitcoin

Johan Bastiaansen
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FAIL

So he used his real name . . .

But nobody could find him?

Because he wasn't in the telephone-book?

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Passenger jet grounded by two-hour insect attack

Johan Bastiaansen
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What worries me more is...

How stupid these automatic systems are designed. If several sensors should return the same or similar values, how difficult can it be to ignore the one that is clearly faulty? Very smart people, sitting comfortably behind a desk decide that the odd value should be used.

The automatic systems than floods the crew with non relevant information.

And when the plane crashes, these very smart people decide that the pilots, working in a stressful situation, really should have known better.

I remember a Turkish plane crashing in the Netherlands in a similar incident: en.wikipedia.org/wiki/Turkish_Airlines_Flight_1951

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NASA could have averted near DROWNING TERROR in SPACE

Johan Bastiaansen
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inorganic contaminants

Inorganic? Will the cover-ups never cease?

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MtGox boss vows to keep going despite $429 MILLION Bitcoin 'theft'

Johan Bastiaansen
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Re: Hands up who's shocked?

That's not the point. The point is that the backing of a government will prevent the bank from going under.

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Curiosity now going BACKWARDS

Johan Bastiaansen
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Also

Also, the millage on the vehicle is decreasing instead of increasing. And that will have a positive effect on the trade in value.

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Apple's nonexistent iWatch to bag $17.5 BEEELION in first year alone – analyst

Johan Bastiaansen
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Angel

Let's do the math

I know, this is considered witchcraft by some, or at least cheating.

If the iWatch sells for $299, it could total around $17.5bn in 12 short months, or around 58.5M pieces sold.

If the iWatch will sell at what many vendors regard as the "magic" impulse-buy price-point of $199, that figure would drop to just under the iPad's inaugural $12bn, or nearly 60M pieces sold.

Hey, that's very impressive magic right there, transforming 58.5M in nearly 60M. That guy with the fishes and the bread has nothing on you.

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HELLO LENOVO. Do you really, really want to make smartphones?

Johan Bastiaansen
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Grown up

What you're describing is a mature market. Most people work in such an environment and make a decent living.

A competent manager can make a company pretty profitable there also. He'll have to put a leash on his ego though.

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Elderly Bletchley Park volunteer sacked for showing Colossus exhibit to visitors

Johan Bastiaansen
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A solid effort . . .

But it looks like the nazi's won in the long run.

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Our Milky Way galaxy is INSIDE OUT. Just as we suspected, mutter boffins

Johan Bastiaansen
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Angel

You're right, you're reading it wrongly.

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Johan Bastiaansen
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Facepalm

No, if our sun was the centre of the galaxy, the sun wouldn't orbit in the galaxy.

The central part of the galaxy is defined as the space inside the orbit of the sun.

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MANIC MINERS: Ten Bitcoin generating machines

Johan Bastiaansen
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Facepalm

Re: Bitcoin mining == Pyramid scheme

No it doesn't. I can grow potatoes on the land I buy.

Bitcoins are purely speculative.

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Johan Bastiaansen
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Facepalm

Re: The leaf as currency

You're wrong.

Most people have a useful job. That means, they create something, or perhaps they are part of an organisation that creates something. To keep it simple: if you work in a carmanufactoring plant, you get paid for making a car, and with that money, you can eventually by one of the cars you make.

Solving riddles doesn't create anything. So for the money they make, they don't create any wealth.

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Johan Bastiaansen
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Angel

miner '49er

there's no gold in them thar hills, but we will sell you a shovel and a pickaxe anyways.

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Apple badmouthing of court's monitor proves it NEEDS him - judge

Johan Bastiaansen
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Happy

You lost me at "In fairness to Apple".

Greedy money grabbers, meet mr. Greedy Moneygrabber.

What goes around, comes around.

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Amazon workers in Delaware reject trade union membership

Johan Bastiaansen
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Facepalm

Unions very bad ! ! !

People living in countries where unions are VERBOTEN are much happier.

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Yahooligans! cower! as! COO! was! reportedly! SACKED! by! Mayer!

Johan Bastiaansen
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Angel

SACKED! by! Mayer!

she could sack me anytime.

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Ex-Oracle manager claims he was fired for asking to give Indian staff equal pay

Johan Bastiaansen
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Re: Prepare for consumer inflation...probably

That's fine with me, I never by an Oracle license and probably never will.

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Johan Bastiaansen
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Re: probably should have left it

They can only do that if you let them. If you fight it, they'll back down or loose a bundle.

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Johan Bastiaansen
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Angel

and HR stands for . . .

Human Rats?

Heads rolling?

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Two websites you should show your boss if you want to be paid in Bitcoin

Johan Bastiaansen
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Facepalm

Savvy?

Staff who want to be paid in bitcoin are savvy?

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Remember when SimCity ABSOLUTELY HAD to be online? Not any more – fancy that!

Johan Bastiaansen
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Angel

Re: Isn't technology marvellous

Indeed, Zacherynuk and myself call that progress.

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Johan Bastiaansen
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Angel

No no, you're wrong

They have a big budget to explain to people how very ethical they are. So they must be.

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Sinclair’s 1984 big shot at business: The QL is 30 years old

Johan Bastiaansen
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Facepalm

Oh Sir Clive was so very clever

So a self declared very clever man, so clever he couldn't take advice from anybody, drove his company over the cliff eh?

Thanks God that would never happen today.

Arrogance created incompetence and together they create disaster.

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Thought the toilet camera was weird? Try actual thumb flash drives from tech's supershow

Johan Bastiaansen
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Facepalm

Re: Daft

I agree, and that problem could have been solved by simply putting the USB on the outside. Good idea, bad execution.

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TomTom GO 6000 satnav chews on smarties and tablets

Johan Bastiaansen
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Re: Commuter nav

No.

Our marketing people tell us there is no market for that. And they have a big budget, so they must be right.

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Beauty firm Avon sticks spike heel into $125m SAP-based sales project

Johan Bastiaansen
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Re: @ dssf

Homo sapiens of any persuasion tend to get pissed when their order isn't processed.

At least on my planet.

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Ballmer: 'We made more money than almost anybody on the PLANET'

Johan Bastiaansen
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Re: An apples-and-apples comparison? Stock splits ARE important to stockholders.

Taking into account inflation and dividends.

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Johan Bastiaansen
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Re: Making money is one thing...

Psychopaths only love themselves.

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Bank of America: Bitcoin could become THE currency of e-commerce

Johan Bastiaansen
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Re: Subtle thinking

Sorry but $75 transaction cost on an $300 transaction? Really? Darwin, I'm so glad I'm not living in the land of the brave and the free.

I could pay anybody in Europe 300 € and it would cost me less than € 1. Customs however would be keeping the parcel "under investigation" for several weeks as the watch will start ticking for a while when they shake it.

Perhaps we store our idiots in customs while you store them in banks eh?

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Justin Bieber BEGGED for a $200k RIM JOB – and got REJECTED

Johan Bastiaansen
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Angel

Re: I wouldn't

Yeah, you're probably in marketing. Or a manager of some sort.

Listen genius, it's not about what you think, it's about what the customer thinks.

The customer, you might have heard from him.

He's the guy who's money we're after. Well not you of course, you're egotripping. But us, the working people who try to keep your company afloat. By making money for the company. And we still realise where that money is coming from: the customer.

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Johan Bastiaansen
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Marketing eh?

I've never met anybody in marketing who isn't a complete tool.

When sales are good, they take the credit.

When sales go bad, they blame the salesguys.

In our society you're f*cked when you actually do something.

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People's Bank of China bans Bitcoin over 'drugs and guns' trade fears

Johan Bastiaansen
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Did you read the article?

From the top: "China has banned its banks from using Bitcoin after warning the cryptocurrency could be used to fund terrorism. Financial institutions in the Middle Kingdom will no longer be able to use Bitcoin, although citizens are free to spend the digital funny money."

Any government has the right ànd the duty to set rules for their banks. It's because most failed to do their job, that we're in this mess to start with.

And that bartering with livestock was all very fine, but at the end of the year, "da man" came and took 10% of your livestock. So your "without any government intervention" line, doesn't fly either.

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Johan Bastiaansen
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Re: Fearmongering from the Masters

Really? No different than cash?

Any currency is controlled by a national bank that has the monopoly on issuing coins and notes.

Who can guarantee that the market will not be flooded by counterfeit bitcoins?

Where do they originate from?

No different than cash he says? :-D

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Johan Bastiaansen
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Angel

The voice of reason

is coming from the east.

I couldn't believe the US government decided to accept bitcoin as a legitimate currency. Nobody with any clue would.

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Forget invisible kittens, now TANKS draped in INVISIBILITY CLOAK

Johan Bastiaansen
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Angel

An imperial tank?

Only invisible to very smart people.

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The 10 most INHUMAN bosses you'll encounter: A Reg reader's guide

Johan Bastiaansen
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Please explain to me

why I should pamper a dysfunctional boss?

Why should I line his pockets, stroke his ego AND take his abuse? What's in it for me?

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Hero HTC phone takes a BULLET, saves shop worker's life mid-robbery

Johan Bastiaansen
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That hero took it on the chin !

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Pimp my office: 10 cubicle comforts

Johan Bastiaansen
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Angel

notebookstands

a lot of people work on notebooks and not on desktop pc. Without a notebook stand they'll be hunched over it like quasimodo.

I use a Logitech Alto, hands down the best ever build.

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Swedish teen's sex video fine slashed: Unwilling co-star girlfriend furious

Johan Bastiaansen
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In Afghanistan

a women is a whore if she's not wearing a burka.

In Sweden, she's a whore if her boyfriend has a smartphone.

"but claimed he did not expect it to be so widely viewed."

Ah yes, the old, "don't punish me, I'm a fool" argument.

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Top architect: The TRUTH about dead Steve Jobs' new spaceship Apple HQ

Johan Bastiaansen
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Re: That process continues today and will continue throughout the construction...

My thoughts exactly. Anybody who is doing any actual building on that project is sweating blood and tears while these morons pretend to be creative.

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Why a Robin Hood tax on filthy rich City types is the very LAST thing needed

Johan Bastiaansen
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Angel

Don't tax my job...

That's what this is about. Don't tax my job. Tax somebody elses job instead.

While you can not short on a house, you can short on property. There are companies who invest in property and their stock is on the market. You can short on their stock if you think the value of property is going down.

But there's another consideration. How does trading contribute to wealth? Why is it that the trader makes the big bucks, but the companies that build the houses make less, and the fools who actually do the manual labor of building the house don't make enough to buy a house?

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21st Century Elite remake to support Oculus Rift virtual reality rig

Johan Bastiaansen
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I was elite then

I will be elite again.

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Feds: Silk Road pirate king tried to SNUFF customer AND employee

Johan Bastiaansen
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Angel

I just wish more people had some integrity

You can't make stuff like that up.

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BlackBerry binned JV plan to become China's official mobile OS: report

Johan Bastiaansen
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Angel

internal feuding in the company ? ? ?

Unpossible I say.

These are all very smart an rational people. With only the good off the company in their mind. That's why they make the big bucks. Right?

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Profit healthy, sales up, 4,000 staff face axe. Cisco CEO, here's your pay doubled to $21m

Johan Bastiaansen
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Angel

Re: They have no choice

You're right: in their world, they have no choice.

But there's treatment for these crazy people right?

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Elop's enlarged package claim was a cock-up, admits Nokia chairman

Johan Bastiaansen
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Angel

Social harmony

That's when the majority of the people don't think their boss is a crook.

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EasyJet wanted to fling me off flight for diss tweet, warns cyber-law buff

Johan Bastiaansen
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Angel

Re: I'm a Law Lecturer

And I am "the customer". My money pays your wages.

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