Feb

3

1. When mentioning HFT in any discussion, people will mean different things. Chiefly, because thousands out there claimed at one point to be engaged in HFT. My neighbor introduced his collegiate athletics son the half-miler. And then there is David Radisha…There is great deal of "champion" checker mention on our list (of course the 8×8 board, 12×12 piece, no jumping back and no flying kings). This is truly "tic-tac-toe" compared to international checkers (10×10 board, 20×20 piece, jump backwards, flying kings). Believe Wiswell and Moiseev the checker kings? Do yourself a favor and google my friend Ton Sijbrands, a study subject in human memory. Most people can't even sit in front of one 10×10 board with 20×20 pieces on it, and see the whole board at once; Sijbrands sat in the room with no boards for 28 hours, completing 28 defeatless games (92% total score due to a couple of draws against all opponents with boards) blindfolded!! Each of those 28 simultaneous 50+ move games involved strategies with quintillion possible variations. Brutally honest: Wiswell the checker player might as well be challenging Kobe to a one-on-one.

2. Now: HFT, brokers and the Exchanges. The Exchanges set up rules for order priority, halts, etc. In addition, rights are reserved (for example: to arbitrarily, selectively cancel trades). Plus there may be hacking issues we'll never even get to hear. A few member entities are allowed collocated spots…Brokers are allowed to route in their way…To judge whether laws or rules get broken, one would have to be as sophisticated as the perpetrator, or at least have access equal to the Exchanges'. By definition, there can be no such overseer. There were a few whistle blowers in re: to perverted priority - but really, who with the level of access to proof will ever blow whistle?

3. Which brings me toward encrypted currency protocols. I'm just thinking that two hundred enthusiastic (read: known to work without sleep) phd's within one firm are not there to just be paid 8-figures and research nothing. And not to single out any one firm - there are in fact a number of ubersophisticated entities… In case of bitcoin currency - the whisper has at least some components legislated out sooner than later. (First DOJ arrests, although at core drug-related, are likely watershed nonetheless). Exchanges require licensing, etc… But but but, the protocol concept is something beyond just the currency. Eventually, I understand, the concept will be embraced and implemented for currency and more. Now, I'd love speculation as to how the process might be going at the oval and at the committees, and of course within secretive branches with untold resources. All powers must be summoning qualified advice on the protocol matter. How do they do it, and how will the legislature evolve? Also, how does international officialdom deal or co-operate on projects involving world web?


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