There exists a set of finite actions that, if I performed them in the correct order, would make me a millionaire in a day. I just don't know what they are.
In fact, if the number of universes is infinite, and we exist in a Library of Babel somewhere, there's an infinite chance there are multiple Libraries of Babel, meaning we exist as a work of fiction in more universes than we actually exist in.
Yes, thinking about this makes my head dizzy. There would also be an infinite number of copies of our universe where all the copies of me are typing the exact same thing right now. And infinite copies of me that are doing something slightly different.
An infinite number of universes doesn't mean all outcomes are possible.
There's an infinite amount of numbers between one and two, but three isn't one of them.
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Having not read the book just the Wikipeida summary how would the believers ever know if they found the correct index and not just one that is accurate for the books they checked against?
They wouldn't. From what I can tell the story makes a good case that infinity is essentially the same as meaninglessness, yet people still try to find meaning within it.
The thing is, the potential total number of books would be a lot more manageable figure if we can exclude all the obviously bad/non sense combinations.
Oieo ยท 1 points ยท Posted at 08:17:23 on June 23, 2016 ยท (Permalink)
Would it, though? On a scale of the infinite, all possible combinations of non-bad non-nonsense would also be infinite, because the number of building blocks for infinity doesn't really matter.
It is a super big number larger than number of atoms in the observable universe but is not infinite. The Wikipedia article has details on this
Oieo ยท 1 points ยท Posted at 09:48:01 on June 23, 2016 ยท (Permalink)
Hmm, to be honest, I don't understand that. Together with Quine's short text on it. Given no restrictions regarding the size of each book, the possible combinations would still be infinite. I.e. the super big number assertion only works within some confine, no?
Well I think we could assume that the library doesn't contain books that have literally infinite number of pages.
Boo1098 ยท 1 points ยท Posted at 11:54:17 on June 23, 2016 ยท (Permalink)
Part of the theory is that even the jiberous has meaning as a cipher or a completely new language.
[deleted] ยท 1 points ยท Posted at 02:49:05 on June 23, 2016 ยท (Permalink)*
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Boo1098 ยท 8 points ยท Posted at 02:53:54 on June 23, 2016 ยท (Permalink)
Well in the article linked it's talking about a physical library. But yes the one that was created is really cool. Check it out if anyone hasn't seen it.
I don't think there could be a tldr version. Borges is known to be one of the most economical writers it has existed (and by economical I mean every word in the text has a reason for being there).
If you read it mindlessly, it shouldn't take you more than 20 minutes to read the whole thing. However, if you read it with a purpose it may take you weeks to process it all.
If you end up reading it (which I think everyone should do), and if you like it I would also reccomend reading The Total Library. Actually, read as much Borges as you can, he is my favorite writer.
Trivia: his first language was English.
[deleted] ยท 1 points ยท Posted at 01:25:12 on June 23, 2016 ยท (Permalink)
it contains every set of characters within a 2500 word limit. basically you could find your own personal information in a "book" within that "library"
[deleted] ยท 38 points ยท Posted at 06:24:19 on June 23, 2016 ยท (Permalink)
"teinstructions for ilikeyoghurt start with two million dollars then get marriedcamgcwzcqcofvfy "
How the hell did you find that?
Vallam ยท 15 points ยท Posted at 07:05:44 on June 23, 2016 ยท (Permalink)*
You can "search" the library of babel. When you search, you're actually basically just encrypting your search term, but there's an infinite browsable graphical "library" that you can get lost in forever that makes it kind of mindfucky.
and then go to page 349 of book 10 of shelf 1 of wall 2 of the following hex:
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
It looks like you can also bookmark pages, it might make more sense to send people the ID part of the URL like this: fkhuarjdngossi137
Vallam ยท 8 points ยท Posted at 09:08:04 on June 23, 2016 ยท (Permalink)
sure, but the fun part is finding your string in the library, tucked between millions upon millions of pages of absolute gibberish, as if it had always been there, waiting for you to stumble across... because it sort of had.
pzvnk ยท 1 points ยท Posted at 12:11:57 on June 27, 2016 ยท (Permalink)
Wouldn't it be much more likely to find a book with all the pertinent information, just with a slight misspelling of your name? Or someone else's name altogether? Or possibly a book with ALMOST the right info, but at least one nonsensical step?
Right, but how would you know when you'd found the correct instructions? (There'd be any number of contradictory passages instructing you personally to do different things..)
AP246 ยท 1 points ยท Posted at 19:03:17 on June 23, 2016 ยท (Permalink)
Every piece of information that could possibly exist, is there.
In 2014 (starting with $1000) if you picked the right stock ever day for the 248 working days the S&P 500 operated, you would be worth billions. If you did it last year as well you would have 179 billion dollars. The richest person on the planet.
That's just a little less than 500 correct picks in a row. Doesn't sound so hard does it?
You can take this to the extreme limit by shortening the time you hold the paper. Traders actually use computer programs because humans can't complete transactions fast enough for some of the strategies. This often involves very little price difference.
When you have multiple such programm hooked into the network making valid trades you can have such things as second long market turmoils (/crashes). Timing is such a critical thing that stock markets often handle leap seconds by being closed when it happens.
Meem0 ยท 1505 points ยท Posted at 21:58:21 on June 22, 2016 ยท (Permalink)
The year is 20XX. Everyone trades stocks at the theoretical level of perfection. Because of this, the outcome of a trade depends solely on network latency. The network card overclocking metagame has evolved to ridiculous levels due to it being the only remaining factor to decide trades.
Companies already buy up the closest properties to where the undersea cables come up in New York so that they can have the minimum latency. I'm not sure how much more ridiculous it can get from here.
yep. theres a room at the physical stock exchange with most of the actual competitive trading computers. They're all hooked up to ethernet cables that are measured by the millimeter to be the same length.
[deleted] ยท 286 points ยท Posted at 22:16:54 on June 22, 2016 ยท (Permalink)
the reason the wires are exactly the same length is the companies were fighting over server positioning due to the fractions of a millisecond advantage a 10' cable gives over a 20'.
indyK1ng ยท 109 points ยท Posted at 22:36:09 on June 22, 2016 ยท (Permalink)
Isn't that measured in nanoseconds? A nanosecond is 11.8" long meaning that 10' is only making the difference of ~10.1 nanoseconds.
[deleted] ยท 114 points ยท Posted at 23:15:42 on June 22, 2016 ยท (Permalink)
Given that this is the top-of-the-line networking technology for HPT-like purposes, networked operations in HPT will take at the very least several microseconds.
The goal then is to make everything else fast enough that you operate within the same order of time as the insurmountable networking bottleneck. Ergo, you are concerned primarily with performance at the microsecond level.
Spread Networks spent $300 million on a new 800-mile cable to shorten the time it would take for trades to get from Chicago to New Jersey from 17 to 13 milliseconds. That 4-millisecond difference translated into $2.8 billion of revenue from HFT firms. HFTs are willing to pay thousands for microseconds.
[deleted] ยท 3 points ยท Posted at 00:13:25 on June 23, 2016 ยท (Permalink)
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[deleted] ยท 6 points ยท Posted at 07:51:11 on June 23, 2016 ยท (Permalink)
You are hosting a yard sale and want to sell a clock for $10.00. A buyer wants to buy a clock for $10.00 and is walking around. Superman who moves really fast comes to you and buys the clock for $9.90; its close enough to your target price that you don't care about the tiny difference. He then runs over to the buyer and sell it to them for $10.10. Its close enough to their target price that they don't care. He makes a $0.20 profit on the whole transaction and both the buyer and seller have lost value in the trade.
Superman is the HFT firm. He will argue that he is a market maker; and that without him the buyer would have to wander around the yard sale trying to find the seller and thats a waste of time/value in the system.
Normally it isn't worth a persons time to make this trade happen and just profit $0.20 but because he's superman and can do hundreds of these every second he can make a huge profit.
Pretty good explanation. To add to this, Superman always knows the lowest price someone will sell for, and the highest price someone will buy for. He does this by saying "I'll buy it for $10. Ok that worked. Nevermind,* how about $9.99. That also worked. Nevermind,* how about $9.98." and so on.
Basically, stock markets are like stores that will let you return an infinite number of items as long as you do it fast enough.
dekoze ยท 6 points ยท Posted at 02:18:42 on June 23, 2016 ยท (Permalink)
There used to be/still is heavily customized linux/bsd kernels being used but I bet the big players are using custom ASIPs on either baremetal or some lightweight single-threaded RTOS.
I mean, they used to set out to extreme lengths to have a more direct connection, such as building a direct line from Chicago to New York for that exclusive purpose, well before the modern computer.
Are you going to actually refute what he's saying though? Is he wrong in any sense? I genuinely want to know!
jwota ยท 0 points ยท Posted at 00:39:55 on June 23, 2016 ยท (Permalink)
What is there to refute? He doesn't know the subject and he's pulling shit out of his ass. I'm not claiming to be an expert on HFT, but I do have a general knowledge of it.
These guys do measure latency in nanoseconds, and they use highly specialized software and hardware to minimize that latency in every way they can. Every cable being the exact same length is just to level the playing field, since it's impossible for everyone to be physically equally close to the gateway.
[deleted] ยท 2 points ยท Posted at 01:06:53 on June 23, 2016 ยท (Permalink)
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jwota ยท -5 points ยท Posted at 01:12:21 on June 23, 2016 ยท (Permalink)
So many words, yet nothing was said. Keep spinning your wheels little one.
[deleted] ยท 1 points ยท Posted at 00:33:41 on June 23, 2016 ยท (Permalink)
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jwota ยท 0 points ยท Posted at 00:35:18 on June 23, 2016 ยท (Permalink)
You'd be surprised just how much a modern supercomputer can do in 10 nanoseconds, assuming that it is operating mostly on cache-friendly items and doesn't incur any branch mispredictions (which, given the amount of attention HPT teams usually pay to that type of thing, it likely wouldn't).
The Norvig rules of thumb estimate about 10 executed instructions on a single core, and 20 fetches from L1 cache.
When getting there first matters, this could actually make a difference, in theory.
In practice though, I doubt it would really have THAT much of an impact. The overhead on most high-performance networking technologies is typically on the order of microseconds, not nanoseconds (RDMA for example), so you'd have to be wasting quite a few feet of wire before you really started to notice any discernible impact.
I know at least one major Canadian bank that's using several racks of blade servers. They may not be true supercomputers, but they're definitely a grade up from workstations.
its not about computation it is about who gets first into the stack on the computer that decides who makes the trade first.
say stock X starts to drop, it takes 100ns for company A server to notice but 110ns for company B, they both take 1ms to calculate the need to sell the Stock x and send the command out via the cable. The instruction to sell from A will back to the trade server 20ns before the request from company B and will be sitting first in the list of orders to execute.
Microseconds. That's the thing the IEX exchange was doing - adding a 350mic (aka .35 miliseconds aka .00035 seconds) bump by having a physical length of cable that took the light .00035 seconds to travel through
Gengar0 ยท 2 points ยท Posted at 23:38:05 on June 22, 2016 ยท (Permalink)
Can confirm - had a half second freak out that someone merging into my lane was actually having a microsleep due to the fuckwit not using his blinker until he was actually in my lane.
So they have to be the same length you say... But can I provide my own cable? :)
(Propagation speed of an electric signal in a cable is a function of the dielectric material's permittivity)
[deleted] ยท 4 points ยท Posted at 23:29:12 on June 22, 2016 ยท (Permalink)
So true. Comcast techs actually go over this during cable 101, how the best dielectric to use would be pure air, but since that simply isn't possible, cable uses a sort of foam injectes with air to get the minimum attenuation possible, which is why inferior cable with inferior dielectric can cause much higher signal loss over a much shorter distance than what we use.
Well really the best would be a vacuum since then it'd be the full speed of light
jwota ยท 2 points ยท Posted at 00:00:26 on June 23, 2016 ยท (Permalink)
No, the entire point of the equal length cables is that it's not possible for each server to be the exact same physical distance from the gateway, so they equalize it out with the cable instead.
For example, the NYSE has its physical location in manhattan.
Where the servers that actually handle the electronic orders are is somewhere in New Jersey.
There are also multiple exchanges across the country. You can't be closest to all of them, so you either pick one, or center yourself between all of them to ensure your order arrives at the same time at all of them.
Not at all. Uncertainty from quantum mechanics is what leads to quantum tunneling (i.e., the inability to pinpoint position or energy leads to the particle seemingly "teleporting" from one side of a barrier to another). Wormholes are exact solutions to the Einstein field equations and does not rely on any quantum mechanical effect.
Those are two separate theories that have not been reconciled yet.
What does quantum entanglement do if not communicate some information across space faster than light? What is even the point of quantum entanglement? What do two quantumly entangled particles do that is so special?
What does quantum entanglement do if not communicate some information across space faster than light?
It entangles particles. It ensures that if you measure 2 entangled particles, no matter how far apart they are, and no matter how much time elapsed, as long as they remain entangled, you'll always get opposite readings. And that's pretty freaking neato.
What is even the point of quantum entanglement?
Isn't one, yet.
What do two quantumly entangled particles do that is so special?
That's the bit that is just so darn interesting. What do they do? Who knows.
Ndgc ยท 1 points ยท Posted at 06:50:06 on June 23, 2016 ยท (Permalink)*
Consistent random number creation. You have quantum entangled particles at two sites and measure them some arbitrary number of times in randomly selected basis (you can only measure a particle in up-down or left-right, not both at the same time). Let's say you do it 300 times. Then both sites compare their order if operations. Where they were measuring in the same way, they keep the data, but throw out, let's say, the 129 times they measure in a different basis. The two sites now have the same 171 bit string, without communicating the string itself along their data line where it could be intercepted. Useful for encryption.
This simplifies a little, especially with the measurements, but the important thing is that this is not communication because the information doesn't give you anything without the slower than light communication about measurements.
Gravitational waves travel at the speed of light. If the sun suddenly disappeared the earth would continue continue in its orbit for approximately 8 minutes, it would take that long for the change in gravity to reach us!
According to our current understanding of physics. Not saying that it is possible, just that our models of the universe could turn out to be flawed in some way (however unlikely that may be!).
[deleted] ยท 2 points ยท Posted at 01:56:48 on June 23, 2016 ยท (Permalink)
But if I take a flash drive and shove it through a wormhole, the information could travel light years in a mere second. So while technically the information isn't moving faster than light, it's still getting transferred (i.e. it's location has been changed) faster than light. A simple distance/time formula will tell you that something just moved 1 light year/1 second, even though this is clearly not what is actually happening. But I get your point.
Side note, the circle doesn't need to be giant. You just have to move faster than 63.7% the speed of light. Since c and the proportions of a circle are constant, the ratio of the distance around to the other side of a circle (circumference/2) to the distance across a circle (the diameter) will always be ฯ/2 no matter what the radius is. (set the times equal to each other in a d=rt formula and your rate must equal c * 2/ฯ)
There is no reason to believe they exists. They are interesting and quirky solutions to the Einstein field equations, but requires nonsensical negative energy.
Much like if you take another established law, F=ma, and input negative mass, you'll find interesting behaviours like acceleration in the opposite direction as the applied force. The math is right but there is no reason to expect it to reflect reality.
No it's not, don't be arrogant when you clearly don't know what you're talking about.
[deleted] ยท 1 points ยท Posted at 02:06:24 on June 23, 2016 ยท (Permalink)
Not that that's necessarily wrong, lots of other things were impossible beyond a shadow of a doubt, that are commonplace now. Like me, talking to you, via invisible waves of energy.
I don't think those things were considered impossible as much as they were simply inconceivable. I don't imagine anyone bothered doing reams of calculations to prove that you couldn't communicate with radio waves and having their math seemingly check out when subjected to peer review, only to get blown away by the invention of the radio.
I'm not saying that revolutionary advances in physics couldn't change our understanding of what is and isn't possible, but the analogy doesn't really apply.
No he's really not joking. There are theoretical plans in place to create a quantum internet system based on quantum computers and quantum mechanics. Using entangled qubit pairs, one can instantaneously transfer data over near infinite distances. So, if you create pairs, then send one of the qubits across the ocean via shipping container (the qubits can actually be stored in diamond lattice structures and transported), you essentially have a perfect data relay system. The problem comes with entanglement integrity - the link between qubits breaks over time, so there will need to be new shipments every few months. Universities and research institutes have already proven that it works with small scale tests
You cannot transfer information instantly. People get confused when they hear that quantum entanglement results in an instantaneous effect on it's partner and they mistake this for instant information transference.
The problem is: the results of entanglement are 100% random. So you are able to receive instant transference of 100% random noise. You cannot transfer information that consists of 100% random noise, its just random useless noise.
In order to make use of entanglement: a message is encrypted using the entangled noise, then sent via conventional means (like a radio or electrical signal) and then decrypted at the other end with the other copy of the entangled noise. This allows for unbreakable quantum encryption (due to intrinsic quantum properties), but instantaneous transfer of information via quantum transmissions is not possible.
PS: scientist believe the speed of light limit should be renamed to "the speed of information limit" as that is what is truly represented by the limit of the speed of light. Useful information cannot, under any circumstances, travel faster than light, even though other inconsequential effects, like entanglement, can.
The benefit of entanglement isn't that it's a perfect source of randomness, we already can do that, it's that both parties would be able to tell if the communication was observed and therefore the state decoherent.
The issue here is that pesky little "faster than light" caveat. Sure, nothing can travel over a distance while moving faster than the speed of light. But with certain elements of quantum mechanics, that physical distance as we perceive it quite simply does not exist. For example, quantum hyperdrives. Still theoretical, I know, but they would allow an object to effectively move faster than light without violating the laws of physics. Instead of making the object move incredibly fast, the space around the object is warped to shorten the actual distance being traveled. Similar properties might be applicable for quantum computing after further research - there is a possibility that the physical distance between entangled photons could be negated. Quantum mechanics are still not entirely understood and the things we know could still be disproved or improved.
You could benefit a lot from formal education in the matter, rather than relying on popular science reporting. Much of what you say seem to stem from very unscientific, sensationalist reporting.
For example, "quantum hyperdrive" isn't a thing, nor is it close to what you described. What you described is a warp drive, like the theoretical Alcubierre drive, whose operation requires exotic matter with negative mass, which we have no reason to believe exists. It works entirely in the realm of relativity, not quantum mechanics.
I suggest you actually read up on this, because it's very, very wrong.
Using entangled qubit pairs, one can instantaneously transfer data over near infinite distances.
Not exactly. You still need classical information transfer to work - see quantum teleportation. The main benefit of a quantum network isn't speed, but data security.
As I recall from some YouTube video, quantum entanglement means that two tangled half-spin particles will instantly get opposite spins the moment that the spin of one of the particles becomes decided.
The catch was, I think, that you can't affect what the spin will become. So no communication via entanglement.
Also, gravitons, like photons and other massless particles, travel at light speed.
Sort of, but not really. My understanding of it is that you can entangle photons or somesuch together, but you couldn't use entanglement to encode or transmit any kind of information, instantly or otherwise.
The debate is whether or not you can transfer information faster than the speed of light. The quantum thing works, but the argument is that any meaning can't be derived faster than light speed travel of an equal amount of information.
I think that's only limited in how well we transfer the information, obviously we can compress information so it shouldn't be difficult in theory to do the same, but in practice it will probably take a long while to get beyond the simple information transfer portion
[deleted] ยท 2 points ยท Posted at 00:48:56 on June 23, 2016 ยท (Permalink)
Not sure what you're suggesting, but the limitation that information can't be sent faster than light isn't just a practical limitation. It's a theoretical limitation (and a fundamental one at that).
The way it was explained to me is that I can move a particle, and this other particle will move identically, but unless I tell you how I moved the particle myself, you can't distinguish that information from random movement (since it's not at 0K). At some point we should be able to move it in specific series of deliberate movements and have that translate into information that is more practically useful than 'I moved it in the following directions and the following distances'.
[deleted] ยท 2 points ยท Posted at 01:29:55 on June 23, 2016 ยท (Permalink)
That's not really how it works, at all. If we could instantaneously control the movement of one particle by moving a different particle, that by itself would be faster than light communication, which is exactly what is not possible. (And it's not possible in any conditions. Temperature has nothing to do with it.)
Then it was explained to me wrong, cheers (and temperature was only mentioned because the only way for anything to have absolutely 0 movement is to be at 0K, so in this wrong explanation there's no way to have these particles that one could manipulate be perfectly still until it's time to move them, which would, if this worked, obviously make this transfer of information very easy)
Lol might as well have said cruton. I meant neutrino or tachyon. If you ever heard anyone talk about quantom physics being strange its because it doesnt follow the rules of traditional physics, thing get weird at the subatomic level. Ie adiabetic quantom computer
Sinrave ยท 1 points ยท Posted at 02:55:34 on June 23, 2016 ยท (Permalink)
Wow, I wasn't aware there was an
Adblocker for chrome on non-rooted Android...
[deleted] ยท 1 points ยท Posted at 04:18:50 on June 23, 2016 ยท (Permalink)
Drilling holes through the Earth's crust so you can lay the cables in a straight line instead of following the planet's curvature.
kwark_uk ยท 143 points ยท Posted at 22:23:02 on June 22, 2016 ยท (Permalink)
There was an insider trading case that was proven when the trader forgot to build latency into his trade and his program that did the trade the moment the news went public did it literally the moment the news went public, before the news could have reached him.
I meant it the way I wrote it. He got ahead of other programs that were trying to trade off of the news by beating the speed of light delay that they had to get the news. His program didn't just do it as it happened, it did it literally the moment it happened, down to the instant.
Zskills ยท 1 points ยท Posted at 07:34:43 on June 23, 2016 ยท (Permalink)
I think he is discussing the difference between what common speech would call "the moment" (perhaps within 1s") the literal definition of "the moment" eg 2pm and 0 nanoseconds UTC by the atomic clock (or even finer eg 0x10-infinity)
This was about some company trading data published on the hour.
To be a fair trade it should be initiated 2ms after the hour to allow time for his pc to "know about his" yet he ran his codeon the hour Exactly
Wasn't it that the trades were breaking the speed of light? His trades were going faster than the speed of light, so there was no way he could make trades that fast?
tikhead ยท 35 points ยท Posted at 00:33:40 on June 23, 2016 ยท (Permalink)*
I think the issue was that there were trades that were executed in Chicago and New York at precisely the same time, reacting to news that was released in Washington, and that the traders having acted when they did would have had to have the information get to them faster than the speed of light traveling from Washington to Chicago, or what likely happened was that they somehow were leaked the information. NY would have gotten the information sooner due to its proximity.
So the news release was timed to the millisecond to be the same with the trades?
tikhead ยท 2 points ยท Posted at 04:14:39 on June 23, 2016 ยท (Permalink)
I believe the news release was timed to be exactly at 2pm, which means the earliest that Chicago could have possibly known about the news would have been 2pm + x which is the time it takes for data moving through wires which is slightly slower than the speed of light to reach Chicago. It was revealed that there were trades executed at 2pm + (a value less than x), and it was surmised that the Chicago traders had illegally obtained the news before it had been released.
Yes it was the speed of light so thats how they knew it was insider trading. But it was more so that the info to get to him would have been 7 milliseconds at the speed of light and apparently he traded in 2 milliseconds of the annoucement
And how did they prove that he based this trade off of the news (that had yet to reach him)?
Rebax ยท 6 points ยท Posted at 02:27:42 on June 23, 2016 ยท (Permalink)
They didn't prove that, that was his defense - that he traded based on a public news release. But the govt could show there was no physical way he could have reacted to the public news as fast as he made his trades, thus the trades were made on insider information. Basically, he timed the trade to occur at the moment the public news was released but forgot to consider a legitimate trader would have some sort of lag time between the news release and trade execution
Yeah that's what I meant by "news", I meant the information that the news was obviously covering if that was his defense.
Rebax ยท 1 points ยท Posted at 03:18:31 on June 23, 2016 ยท (Permalink)
Insider trading can essentially be proven circumstantially or by inference since it is often impossible to show someone acted on information that they were obviously trying to conceal or secret away
Does the person getting charged get less leeway in the "doubt" portion of "guilty beyond reasonable doubt" compared to someone charged with a non-stock related crime?
Sorry if my questions aren't making a lot of sense, I really know little about this kind of stuff.
Rebax ยท 1 points ยท Posted at 03:58:37 on June 23, 2016 ยท (Permalink)
Well, there are two types of enforcement actions - civil, brought by the SEC (agency that regulates securities trading, and criminal, brought by the Dept of Justice. In criminal court, the govt has to prove every element of insider trading beyond a reasonable doubt. In a civil action, the SECs burden is lower and if they can make a "prima facie" case (basically that you profited from a trade that you wouldn't other wise have made) the defendant may then have the burden of proving they weren't acting on inside info. Because the SEC can ban you from ever trading securities and levy huge fines (and because criminal cases usually don't result in long sentences) the civil threat can be as bad or worse as a criminal charge
They didn't, they proved that his trade couldn't have been based off of the news because the news would have had to have traveled faster than the speed of light for that to happen. He was insider trading, his excuse was that he was acting off the same news as all the other traders but this couldn't be true because the news hadn't yet reached him when the trade was issued.
"build latency into his trade" dude seriously? no trader would artificially, purposefully build latency into an algo. They are specifically designed to be quick, run the quickest code, and be efficient. Latency is natural when sending signals and is due to a number of factors.
Except his program issued the trade before a speed of light delay after the news was released to allow the news to get to his city. That's the point. He was insider trading. His excuse was "I was just trading very soon after the news" but he forgot to build in a speed of light delay for the news to get to his city.
Except his program issued the trade before a speed of light delay after the news was released to allow the news to get to his city. That's the point. He was insider trading. His excuse was "I was just trading very soon after the news" but he forgot to build in a speed of light delay for the news to get to his city.
CAW4 ยท 44 points ยท Posted at 22:54:09 on June 22, 2016 ยท (Permalink)
still not dedicated enough to live their lives in dive suits underwater at the closest possible location
Can somebody explain how that's supposed to work exactly? I just don't get how adding a constant delay to everything will affect anything. There is still variable distance that so people who are closer will still get to send their trades back before people further away.
If there's a sudden demand to buy a stock at a certain price, but a limited supply, shouldn't the orders be filled in the order received? Suppose you got to the grocery store and got the last [whatever], but when you got to the checkout line, you learn that other people want it, so they hold a random lottery and give it to the winner. Moreover, people buy securities in different sizes. How would you settle a trade where five people each want different quantities, possibly by orders of magnitude? Like, if one person wants a hundred apples, another person wants one, and a third person wants a thousand, and they only have five hundred? Should they fill the smallest orders and leave the large buyer at the mercy of the other two? That's a severe price distortion. Should it go to the biggest buyer, even if he placed his order last? This would allow wealthy investors to corner markets just by placing larger orders. That also causes price distortions. FIFO seems to be the most efficient way.
If there's a sudden demand to buy a stock at a certain price, but a limited supply, shouldn't the orders be filled in the order received?
The idea is to make it turn-based. Right now, your physical distance from the exchange alters how fast you can trade stocks. This gives traders who are physically closer to the stock markets an unfair advantage, and also enables shenanigans like microarbitrage, where you buy stocks a split-second ahead of someone else and then jack up the price fractionally because you have a faster connection than they do. It also allows some forms of what amounts to insider trading on the microsecond level by detecting someone else sending a buy at some price, then using your faster connection to buy stocks at a marginally lower price than that and then sell them at a fractionally higher price to the person whose buy order you just beat by 20 microseconds.
And yes, people actually do this.
This is not good.
At once per second, everyone is on equal footing, and there's no advantage to, say, building a floating island in between London and New York City, which in the present-day system could actually help you do some forms of trading and arbitrage and make money.
The fact that this obviously useless activity would somehow be economically rewarded indicates that the system is fundamentally broken.
The idea behind executing trades once per second, on the second is that it basically becomes turn-based and no one gains an advantage because they are 20 microseconds faster than someone else and also cuts out a lot of possible shenanigans with microarbitrage and millisecond insider trading.
There are possibly better systems than randomizing it - u/Stewardy pointed out a potentially better system, where you could split buys up across multiple buyers.
But making it so that people with millisecond or even microsecond advantages can't get some sort of advantage over the rest of the pack is a good thing.
Sure, yeah, I've heard of front-running. But wouldn't that be covered by current law? Or is it too fast to be detectable?
EDIT: Also, to your point about islands -- yes, that is true, and kind of funny, thinking about it that way. It points out that the system is inefficient, rather than showing that building an island is inefficient. In this case, though, the inefficiency is the speed of light, so I guess we're stuck with it.
I'm wondering, however, if the way bitcoin keeps its value and ownership updated in real-time, securely, is something that could be implemented with the exchange. If every trade updates everyone's list as to who owns what at which price, there wouldn't need to be an exchange. It could be decentralized. This would solve the inefficiency, as it is no longer location-based.
Sure, yeah, I've heard of front-running. But wouldn't that be covered by current law? Or is it too fast to be detectable?
Front-running is when you're using your knowledge of your customers' orders to buy stocks ahead of them for personal gain.
If you're buying ahead of someone else, though, that's not actually illegal.
It is hard to argue that it is insider trading as well - you're just reacting faster to news than everyone else, but the news itself was made public.
I'm wondering, however, if the way bitcoin keeps its value and ownership updated in real-time, securely, is something that could be implemented with the exchange. If every trade updates everyone's list as to who owns what at which price, there wouldn't need to be an exchange. It could be decentralized. This would solve the inefficiency, as it is no longer location-based.
Bitcoin is vulnerable to 51% attacks, and the sort of decentralization you'd be dealing with here could cause weird arbitrage issues.
Having a central exchange serving out to people is much more efficient.
What would happen if more supply comes onto the market? Also, what happens when more demand comes onto the market? Suppose buyer D and E jump into the fray. As the list grows longer, the likelihood of anyone ever filling their order diminishes. For example, if there are three buyers and all three want 10,000 stocks, and there end up being, like, 29,999, then the system has to execute 29,999 trades. The numbers are much larger in real life. The transaction costs, not to mention delays, would be unfathomable. It's an interesting thought, though. It just seems like the number of operations required increase at a pretty high rate as the input size grows.
I'm assuming that clever IT people can actually make the computer do a simple calculation to avoid doing 29,999 trades in that one second, and instead do just X trade where X is the amount of buyers exist at that second - working out the end result and conducting the trades.
As far as more supply coming into the market, that supply wouldn't exist before being declared at that second (the second, in which the supply from the previous second is being distributed according to the demand), and so wouldn't be available till the ensuing second (or maybe supply is available the same second it is declared, that doesn't really matter - if it's workable). Presumably anyone putting in an order for 10,000 units at price X would still be interested a second later - probably they'd be presumed interested till they state otherwise.
It does raise a question of whether someone who put in an order at time t should get some sort of increasing preference over people who join at increasingly late times.
Perhaps the demand of previous seconds simply needs to be met, before any additional demand is considered. From what I gather about HFT, 1 second is more than enough time to trade (apparently).
But there's a second optimization problem built into this: "supply" is a seller, meaning they want their trade to execute at the highest price, while the buyer wants the lowest price. There once was a middleman who wanted to make this spread larger and profit on the difference, but I think with automated trading, that difference is becoming marginal. Probably still a good source of income, given the volume and value of trades, though, but I'd imagine it's a much thinner edge. Used to be like a penny. Now, the bid-ask spread is probably fractional.
I think the way the system currently works is as follows: if seller A, B, C enter the market, and want to sell stocks at 30, 29, and 28, respectively, each with 10,000; 40,000; and 100,000 shares, also respectively, and buyer X wants 100,000, then it would fill 10,000 @ $28, 40,000 @ $29, and 50,000 @ $30. Unless the last seller puts in an order not to sell unless the entire lot is sold. In that case, the buyer would only end up with 50,000 shares, unless he also will not fill an incomplete order. In that case, he'll have to wait for it to be filled. I think the problem is the front-running as TitaniumDragon pointed out above -- if someone sees these orders coming in faster than everyone else, then they can immediately put up 50,000 shares at like $35, and make sure it gets to the front of the line. This creates a price inefficiency. It may also be illegal.
I think I get the idea behind not wanting to buy the current supply, if you can't get the amount you want.
But that doesn't mean the system has to abide by this desire. If you put in an order to buy 100,000 stocks, but only 67,000 are available at prices at or below what you specified, shouldn't you just get them.
I mean what's the purpose/benefit of allowing someone to say: I want to buy stocks at price $30 - but only if I can buy 100,000 stocks? And similarly for a seller, I want to sell my 50,000 stocks at the highest price possible, but no lower than $31.
I can see many issues crop up, but they seem to be issues that would already exist within any given system. Therefore they presumably have solutions already?
Like if I want to sell 50,000 stock at no lower then $30, and someone wants to buy 50,000 stock at no higher than $32. Would the system sell my stock at 30 or 32? I'm assuming 30, since I've committed to being willing to sell at the price, but why wouldn't it be 32, since the buyer has committed to buy at 32...
You can place certain order types. A limit-buy order says you will only buy the stock if it ticks at price X or lower. However, if it shoots up in the next second, you're stuck with it. That's not usually a problem. Same with limit-sell. A market order is one to fill stocks at whatever price is available.
Stocks, now, are probably the most liquid asset, or maybe bonds, but not by much more, if it is bonds. The volume is immense, like millions of trades a day. It's typically not a problem to fill orders, but that's what the broker-dealer is there for, to act as a middleman and facilitate trades. He might keep an amount of certain stocks in his inventory, so that if there is an order that can't be filled fully, he can fill the rest, but maybe demand a higher spread (i.e., the difference between the buy price and the sell price). NASDAQ is actually an automated system, but it is still a dealer. It's the National Association of Dealers Automated Quotient system. So, it lets computers handle stuff, instead of a broker literally sitting on the trading floor and moving around stock certificates from his safe. Auction exchanges work differently. I think those are filled in order of highest bidder. I believe the NYSE is an auction exchange.
As to your question, it would sell at $32. Because you are looking for the highest price, and 30 is just a floor. It would be quite dumb if the stock was selling at sixty, but your limit order forced you to sell at 30. There is an instrument if you want to do that -- it's a derivative product. But that's typically used for hedging purposes, by a dealer for example. There are speculative uses as well, such as betting on a market direction. If you can get a promise for someone to sell at stock at $30, while it's trading at $60, you can immediately make a $30/100% profit. This is a profoundly-unlikely scenario. That would be an options contract.
There is a lot of good information at investopedia. I'd suggest it, if you're looking at learning. If you want to go a bit beyond that, I always suggest The Intelligent Investor by Benjamin Graham. That's based on value-investing. There's also a different theory, which does not believe there is value in markets because all stocks are efficiently-priced. In that case, I might suggest A Random Walk Down Wall Street or most books on technical analysis. Honestly, I think a well-rounded investor should have a basic understanding of the principles of both fields. If you really, really want to learn about stock pricing, I like McKinsey's Valuation. It's straightforward, but really digs into the core of what valuation is all about.
But, the absolute best thing for 99% of investors is to find an index fund and put in the same amount of money per fixed period of time. For example, you might use the S&P500 index fund -- called and ETF, or Exchange-Traded Fund -- and put $100 in it each month. If the market is low, then you'll buy more, while if the market is high, you'll buy less. It averages out over time to a good cost-basis. This is called dollar-cost averaging. It's also what Graham recommends, actually, for most investors. There's a lot of work to actively-managing a portfolio, and most of the time, you won't beat the market. If you look at correlations, a very large part of a stock's movement is linked to the market, then the next largest is to the sector, and only then to the actual company itself.
The point relating directly to my question is this:
As to your question, it would sell at $32. Because you are looking for the highest price, and 30 is just a floor. It would be quite dumb if the stock was selling at sixty, but your limit order forced you to sell at 30
And I agree that it would be dumb, to be forced to sell at $30. To me though, it also seems dumb to be forced to buy at $32, if someone is willing to sell at $30. But I might just be too strictly applying some tangible-product analogy in my head :)
I can't promise I'll look into the various sources you cite, though it sort of weirdly looks interesting. I may do so, but I've only just started to consider perhaps beginning to dip the toes, so to speak - so a ways off :)
Oh, you wouldn't be forced to buy. If there's a limit-sell order at $32, and a limit-buy at $30, there's no transaction. The whole crux, holy grail, raison d'etre of the market system (according to the people who perpetuate it, so it's not really an unbiased source) is efficiency, especially price efficiency. The idea is that a stock's value should reflect all publicly-available (possibly even non-public, as some believe that insider trading is happening all the time, and even that is priced in) data, so that the price per share is as close to the true value of a company as possible.
To that end, transactions should only occur when there's an agreement. Supply meets demand. The freer people are to buy and sell, at the prices they want, the more likely the stock's value is to end up at the "correct" price. Not everyone believes this is true, or even possible.
Anyway, happy to help. Let me know if you have any questions -- what I know, I'm always willing to share.
We joke about China but 30 years from now they'll be the ones angry at the rest of the world for ripping off their technology. I can't wait for them to get a taste of their own medicine.
China is spending a lot of its own resources into it own research and technology. Some really cool science is coming out of China right now. This is even without the theft of other people's IP.
I'm not hoping they'll do anything. They are going to have some of their own huge technological breakthroughs. And then they'll have to deal with the rest of the world ripping off their shit.
And across the country they use microwave links because the speed of propagation in air is greater than of that in fibre.
[deleted] ยท 5 points ยท Posted at 22:45:00 on June 22, 2016 ยท (Permalink)*
[deleted]
[deleted] ยท 1 points ยท Posted at 01:59:13 on June 23, 2016 ยท (Permalink)
That would cost more than you would gain from the faster trades.
elimc ยท 2 points ยท Posted at 22:46:46 on June 22, 2016 ยท (Permalink)
They will eventually use stationary UAVs that will beam information to one another. They will be able to connect London and New York in a straight line, rather than going through undersea cables, which aren't completely straight. Sure, they can send data at the speed of light, but, if they are in any way circuitous, it's too slow.
OK. Say I have lots of money, air, water, enough skin to keep my blood and organs inside my body, what next? Special licenses? Some sort of contract? A corporation?
You need a contract with the exchange, that's what you use the money for. Then you need some sort of approval from the relevant regulator, a bit like a driving exam. After that you need money to actually buy and sell stocks or whatever is being traded. This is the mechanical part, but you can still lose a ton of money from here. To actually make money you need some logic to decide when to buy or sell. For this you need to either be very smart or hire some very smart people, and you're set.
Do bear in mind that this is only relevant if you want to buy and sell within minutes/hours. If you want to buy a stock today and sell it tomorrow this is all completely irrelevant, you can do it from home on a regular Internet connection and only the being smart will matter. This does have a much higher variance in outcomes, though.
Not only that they build across the street or in adjacent lots to where the exchange servers are (which is in ironically not in NY but actually in NJ)
A company that came in to talk to our class was originally in Kansas City but moved across the country to NJ because it was literally too slow to travel 1500 miles. They now operate in nanoseconds instead of ms and he mentioned they will be talking picoseconds by 2020. Shit's insane.
What does "exchanges need to be human approved"? Do you mean trades? The exchanges work directly with the HFT to co-locate data centers and servers. Not only do the HFT want to be able to buy and sell extremely quickly but the whole thing only works because they have the market prices so quickly as well. I don't know a whole lot more about it but here is an old article; it was the first one that came up when i googled "HFT Colocation"
What does "exchanges need to be human approved"? Do you mean trades?
Yea! I mean shouldnt someone say buy X, Y or Z? Or they have it an application that will automatically buy stocks base on certain % up/down? Isnt regulated that someone should sign a "paper" saying yes, I want to buy that?
Well the companies are investing their own money as far as I understand it. That is their business, that's how their company makes money. The guy who came to our class said they only had one losing day since they started doing business, and that was due to some sort of bug.
If yes, human perception cant go lower than 300ms.
I find that hard to believe. The average human reaction time is faster than that, and dropped frames are super obvious at 30 FPS (~33ms). The limit seems to be about 13ms.
One of my professors has an ex-student, who now works for a company in New York, developing programs to trade stocks based on Assembly, in order to minimize latency.
The next logical(?) step appears to be submarines.
[deleted] ยท 1 points ยท Posted at 00:05:09 on June 23, 2016 ยท (Permalink)
That episode of Radiolab was the coolest shit ever
djgizmo ยท 1 points ยท Posted at 00:12:11 on June 23, 2016 ยท (Permalink)
There are those that use laser line of sight point to point (100 miles) because someone discovered the latency for that distance on laser is less than fiber.
nvjar ยท 1 points ยท Posted at 00:15:04 on June 23, 2016 ยท (Permalink)
People are talking about building a floating island between New York and London with a direct cable running to both exchanges so they can use microsecond advantage arbitrage to make money.
Laying their own network cables. They're already doing it domestically. It's only a matter of time before it will be profitable enough to lay their own undersea cables.
Companies are competing to build the network that is as close to a straight line between NYC and Chicago as possible even taking into account the curve of the earth.
Because of this they are specifically building in programs to recognize these faster trades. They then run these trades through a looping mechanism that slows them down so they arrive the same time everyone else's trades arrive. This allows for a fair marketplace for stock.
Alright, I'm alluding to "gun machine" by Warren Ellis. The book has this as a central theme, and since Ellis is batshit crazy I assumed that it was something he'd made up since I haven't heard about it elsewhere. It looks like I was in the wrong though!
How about tunneling through mountains to save a few milliseconds?
orrk256 ยท 1 points ยท Posted at 22:19:08 on June 22, 2016 ยท (Permalink)
you think that's silly? multiple big investors are financing the German research into quantum entanglement communication, how do you make something faster? make it completely skip the distance
On September 24, 2013, the Federal Reserve revealed that some traders are under investigation for possible news leak and insider trading. Right after the Federal Reserve announced its newest decision, trades were registered in the Chicago futures market within two milliseconds. However, the news was released to the public in Washington D.C. at exactly 2:00 pm calibrated by atomic clock,[85] and takes 3.19 milliseconds to reach Chicago at the speed of light in straight line and ca. 7 milliseconds in practice.[86] Contrary to claims by high-frequency trader Virtu Financial,[87] anything faster is not physically possible.
[deleted] ยท 24 points ยท Posted at 23:39:31 on June 22, 2016 ยท (Permalink)*
FTL is invented by an IT guy at an investment firm but he's under NDA so we won't know until they go bankrupt and people fish their computers out of a dumpster. Sounds about right.
Man, I'd love to be the lawyer doing the prosecution in that case. How many people can say that they convicted someone for violating the speed of light?
[deleted] ยท 2 points ยท Posted at 01:04:06 on June 23, 2016 ยท (Permalink)
Someone should put a barge halfway between new york and london. Hello arbitrage profits.
Contrary to claims by high-frequency trader Virtu Financial,[87] anything faster is not physically possible.
Given the choice between believing Nanex or Virtu, I wouldn't pick Nanex.
[deleted] ยท 1 points ยท Posted at 02:31:33 on June 23, 2016 ยท (Permalink)
I love that one of these traders is going with the "the laws of physics are wrong" argument to explain why trades could have been executed <2 ms after the news was released, despite Chicago being 0.003 light-seconds away from DC.
Much more likely that the speed of light decided to increase by a factor of 1.5 at that exact instant than that there was insider trading happening.
[deleted] ยท 1 points ยท Posted at 13:53:14 on June 30, 2016 ยท (Permalink)
september , , the federal reserve revealed that some traders are under invest
igation for possible news leak and insider trading. right after the federal rese
rve announced its newest decision, trades were registered in the chicago futures
market within two milliseconds. however, the news was released to the public in
washington d.c. at exactly pm calibrated by atomic clock, and takes . millisec
onds to reach chicago at the speed of light in straight line and ca. millisecon
ds in practice. contrary to claims by highfrequency trader virtu financial, anyt
hing faster is not physically possible.
It's the opposite of the Uber AI problem. Instead of the AI improving itself to perfection it's two AIs improving eachother to better counter the other AI. Eventually it will be two electronic gods duling it out on the internet.
Don't forget that trading is a zero sum game. It actually requires businesses to produce profits and pay dividends for there to be a net gain to the system.
[deleted] ยท 1 points ยท Posted at 22:40:49 on June 22, 2016 ยท (Permalink)
We can just make them build a wall, and then we can go to the other side of the wall.
I remember hearing on some program about trading platforms, in the future, could be in the middle of the Atlantic for the automatic programs to save on time. Instead of waiting for light speed signals to cross from London to New York, if the signals only had to cross to the middle of the Atlantic trades could be made more quickly. Pretty sure I heard this, pretty sure I didn't imagine it.
TFTD2 ยท 3 points ยท Posted at 22:44:58 on June 22, 2016 ยท (Permalink)
khafra ยท 2 points ยท Posted at 22:33:40 on June 22, 2016 ยท (Permalink)
That's a part of the setting in Accelerando: Economics 2.0. There's now a serious academic work about what Economics 2.0 will look like from the perspective of its participants.
Latency is not the same as bandwidth. Finance applications care about reacting fast to events, but to do that they are more than willing to cut down on the amount of data being transferred.
That's basically now. Traders built a brand new straight tunnel from Chicago to New York to shave .003 seconds off of latency. High Frequency Traders have massive rates of computer turnover to continually upgrade to infinitesimally better systems. Some exchanges have switched to having a few fixed miles of cable coiled in the building's internet connection to even the odds. In HFT a thousandth of a second is the difference between insane wealth and unfathomable debt.
[deleted] ยท 1 points ยท Posted at 22:16:58 on June 22, 2016 ยท (Permalink)
I don't think you're very far off from reality.
Edit: if I remember correctly, "Wall Street" paid billions to have a high speed connection run across the Atlantic to trade faster. I'll look for the source.
[deleted] ยท 1 points ยท Posted at 23:44:14 on June 22, 2016 ยท (Permalink)
I imagined reading this like it was the yellow text at the beginning of a Star Wars movie, music and everything. All it needs now is the Movie Preview Guy voice reading it to me.
Tubaka ยท 1 points ยท Posted at 23:46:02 on June 22, 2016 ยท (Permalink)
it's not technically possible. For every person who makes a smart buy, someone has to make an unwise sale. You can't have everyone always winning and climbing on every pick.
If you hadn't heard, there were cases of illegal activity where some traders were tracking trades as they came in and would "skip the line" to buy stocks at lower prices before other buyers got their stock. I don't remember the exact details of it, nor if it were just allegations, but Wall St. is already dictated quite a bit by transaction speed and latency.
itisike ยท 1 points ยท Posted at 00:56:13 on June 23, 2016 ยท (Permalink)
n122333 ยท 1 points ยท Posted at 01:14:56 on June 23, 2016 ยท (Permalink)
To combat this some stock markets (I know there was one, with plans to install in at least two others) have a box with a few yards of cord, connecting them to the other markets, so you can't do precision fast trading at that location.
Yeah top financial companies had a hardware arms race to have the fastest computers. Regulators are implementing "speedbumps" to prevent the unfair advantage, according to NPR this week
We'll have instant communication by then. Spooky Action at a Distance has been proven.
[deleted] ยท 1 points ยท Posted at 01:49:20 on June 23, 2016 ยท (Permalink)
You just described literally what's going on with the market making right now. I work in the industry and you can see human trader jobs on their way out
[deleted] ยท 1 points ยท Posted at 02:18:45 on June 23, 2016 ยท (Permalink)
In a world where your actions depend on the fastest RE-action its up to one man against all odds. This summer get ready for the mild ride of your life. Stallone, swartzenegger,lundrgren in STOCK PORTFOLIO!
Sooo the 20XX is 2015? This is pretty close to where we are now. HFT firms compete on their ability to design physical networks ever closer to theoretical limits and sell their implementation to city councils
this is already happening, there was a piece about using microwave comms towers pass information as light travels faster in air than glass (fibreoptic cable). then they removed a hill to make a line of sight for two towers be shorter than going round 3 towers.
In some countries, slowly some legislation is beginning to manifest (that will probably eventually get passed) to levy a very small tax on all stock transactions, making these strategies useless and turning it back into gambling serious speculative thought.
I recognize the meme but we are already there. People pointed out the undersea cables to you, but people also drill tunnels through mountains to lay fiber-optic cable and shave milliseconds off of their "rocks-paper-scissors" time. It's totally stupid and doesn't benefit the economy at all, and could be stopped with small changes to the way exchanges work.
This is what disgusts me... I understand investing in something you believe in, but when it comes to just trying to make a profit by moving money around and programs need to be written to do it, it just seems ridiculous. How is this aiding society? Please someone convince me this isn't bullshit.
A lot of people think the same way, and it's something it's hard to explain this to someone who doesn't trade.
In short, markets are efficient only if there is sufficient liquidity. As an example, dips become crashes because liquidity dries up instantly. These programs inject insane amounts of liquidity into the market. In return, they make a few bucks every transaction. Not everything aids society, but in this case they certainly do.
You can tell how much liquidity is in a market by looking at the spreads. Take a look at commodities Vs forex markets. Which one looks more efficient?
Anytime you place a trade and it gets filled, you have introduced liquidity to the market.
Are you referring to front running or arbitrage? The former is unethical/illegal and the latter is inevitable even if no one had computers. Computers just do it faster(and hence more efficient market pricing)
It is bullshit. Even worse, these companies are so rich, they are hiring a huge amount of graduating IT students to work on their programs, meaning they aren't putting great work into other areas of the economy or starting start ups etc.
Yea, it's sad on so many levels it's beyond beyond disappointing depressing.
Efrajm ยท 1 points ยท Posted at 09:40:31 on June 23, 2016 ยท (Permalink)
This is very naive. You can invest to promote a solution, you can also invest simply expecting monetary profit from your investment. Sometimes both things at once. Saying that investng simply for profit is weird is... weird.
So a non-zero fraction of the world's prosperity is leeched away to people who successfully execute these under-a-second investment strategies. And I thought day-traders were scum.
Not necessary unethical, but they derive an immense financial benefit from the economy while contributing next to nothing to it. Just a tiny bit of liquidity in the market.
No, they don't. That would happen slightly slower without their intervention. The value added by the increased speed is practically nil. They are leeches.
"That would happen slightly slower..." Boom case closed. The point is they're being paid for something by someone. They contribute to whoever is paying them.
The point is they're being paid for something by someone.
No. Are you kidding me? They buy something, speculating on its price increasing, and sell it later - sometimes seconds later - to turn a profit. No one is "paying" them for a service that they add. They are participating in a gigantic marketplace anonymously, basically acting as a pointless middleman in transactions.
They make their money because sometimes someone wants to sell at the wrong time. The entities selling gain liquidity milliseconds faster, and the traders earn their living by being right about the trajectory of investments more often than other sellers and buyers.
This contributes nothing to the economy. The only value that they provide is, when you put a stock for sale at 20:15:22.0049581, it sells at 20:15:22.00497744 instead of 20:15:22.2044303.
This is of absolutely no real value. For this, they make a huge amount of profit. The free market is fucking awful at rewarding people based upon the value of their contribution to society.
People who want to make money. They like middlemen so much that they're paying a middleman to be a middleman for them. It's inceptimiddleman. It's some fucking Xzibit shit up in here.
They don't add value to the economy. They make people money, but they do so by speculating on the value of things.
I pay middlemen all the time. (Haha middlemen sounds funny). I pay them just to take my money and put it in a drawer. That's all they do. They're called cashiers. Everyone's a middleman.
Stock traders move money to places where it can be used more effectively.
To know which company to buy a part of and exactly how long to own it before selling is extremely valuable to lots of people including the CEOs and all of their employees as well as the customers who appreciate that their purchase is cents cheaper bc of a damn algorithm.
Don't get mad at someone for offering something for sale. Get mad at the people who buy it.
You still seem confused. They're not "selling" anything. They're speculating. I'm going to take a step back and actually say that they provide no value to the economy whatsoever. There is no appreciable increase in liquidity from their activity.
No, they're not selling their time. They're using their time to make money. "Sale" implies that there is someone paying them for their time. They're not. They're using access to money to try to turn a short term profit by identifying stocks that they think are going to go up. This provides no value to the economy, it just creates profit for the stock trader at the expense of someone who is foolishly selling low or buying high.
No, the world wouldn't be better without exchange of stocks. However, the world would not be any worse off without professional stock speculators.
I guess my point is that they are trading other people's money. So I consider being hired by someone to go do something (identify and purchase valuable stocks) equivalent to a sale. I know I couldn't do it, nor could I write a computer program to do it for me. So what they're selling, besides time to go stand on a trade floor or sit in an office, is their knowledge of stock markets and possibly of computer programming too.
Thanks for having this reasoned discussion with me, sincerely.
khafra ยท 8 points ยท Posted at 22:38:10 on June 22, 2016 ยท (Permalink)
The only consumers of the liquidity provided by traders who execute 100 microsecond trades are the traders who execute 100 millisecond trades. I think the rest of us could honestly survive pretty decently even if 100 millisecond traders had to wait an extra 2 or 3 milliseconds to find a counterparty.
Governments offer a service of continued access to the market in exchange for a fee known as "taxes". HFTs offer a service of continued access to the market in exchange for a fee know as "profits". If you're okay with HFTs taxing the market with their front running you should be okay with governments getting their take as well, at whatever levels people are willing to pay.
I don't think you could help with that at all, since you can't form a coherent statement in the first place let alone educate someone else on how to understand one
If you look at the system at a high level, then speed costs money.
The more money I have, the faster I can trade, so the better deals I can secure, so the more money I make per trade (on average), and the more trades I can make per second.
This fundamental instability results in an agglomeration of capital which is deleterious for everybody who isn't the winner, because once you start falling behind you are left for dead.
It's no more ethical or unethical than gravity, or the greenhouse effect.
No it's not necessarily a "good" thing although good is a very abstract concept lol
[deleted] ยท 1 points ยท Posted at 06:38:49 on June 23, 2016 ยท (Permalink)
Well that's an oversimplification. What they do is notice that you're currently trying to buy some bread, so they push their way to bread aisle and buy a bunch of it, leaving only the stale shit for you. But then they kindly offer to resell it to you for a fraction of a penny more.
Just because they can do it better, having sunk millions into a program that can do it and a location that gives them to opportunity as well as the capital to get the ball rolling doesn't make it unethical.
You just describes all trade, not just stocks. It's unethical when they get the information illegally or use money given to them for a larger personal gain.
Ghost51 ยท 5 points ยท Posted at 23:23:26 on June 22, 2016 ยท (Permalink)
Just because they can do it better, having sunk millions into a program that can do it and a location that gives them to opportunity as well as the capital to get the ball rolling doesn't make it unethical.
You just describes all trade, not just stocks. It's unethical when they get the information illegally
Correct
or use money given to them for a larger personal gain.
Couldnt think of the word for an investment group where the employees actively use the money given to the to increase their own personal funds while screwing investors. Sorry, im probably still doing a bad job explaining it.
[deleted] ยท 0 points ยท Posted at 22:31:24 on June 22, 2016 ยท (Permalink)
What you don't mention is the unethical part - the only reason they can extract profit is because they are able to intercept the order to buy before it reaches the exchange. Then, they go and buy that stock and sell it at an inflated price.
Sorry, that's not how it works. If they see an order that looks like to be part of a series of them they can deduce it's part of a block and buy ahead, but they can't rush ahead of an individual order. They only see it when it hits the market and everybody else sees it.
Nothing is being leeched. Wealth is generated not distributed. If you eliminated those people their wealth would be in raw resources in the earth, since that's the base of the chain.
[deleted] ยท 9 points ยท Posted at 21:56:18 on June 22, 2016 ยท (Permalink)
Not really, these traders make nothing and take a percentage. If you eliminated them the wealth in the earth would be the commonwealth of the people who's country it was in.
What traders are the reason small companies are able raise capital quicly and allow anyone who invests to be compensated.
[deleted] ยท 4 points ยท Posted at 22:07:18 on June 22, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 9 points ยท Posted at 22:36:57 on June 22, 2016 ยท (Permalink)
They didn't create liquidity they inserted themselves into deals by being faster and extracting wealth from the buyer.
They figured out the order, bought that from someone already selling it. Then sold it to the original buyer.
Zero liquidity added just a middleman tax.
YourDad ยท 2 points ยท Posted at 23:54:04 on June 22, 2016 ยท (Permalink)
So, sort of like ticket scalpers?
[deleted] ยท 0 points ยท Posted at 22:46:06 on June 22, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 2 points ยท Posted at 22:54:40 on June 22, 2016 ยท (Permalink)
No they route buyers the wrong way then beat them to market so they can inflate the price.
It reduces market efficiency.
Tellesu ยท 2 points ยท Posted at 23:13:41 on June 22, 2016 ยท (Permalink)
The benefit of faster trades only benefits the traders who engage in this activity. Meanwhile society bears the cost. They've found a legal way to steal a little bit from everyone.
I think the people who manage the people who make physical things create value, because they are an efficiency multiplier to the people who do the actual labor; but if they manage to compensate themselves more than about 20 times the compensation of the people doing the labor then they are probably doing something unethical. As for the traders who make six figure incomes doing high speed trades with the equity in the retirement accounts of middle and moderately well off retirees... well, the phrase working the system exists for a reason. And they crashed the economy when they tried to turn mortgages into a trade-able commodity. The only reason they are not more of a problem is that there are enough of them that they mostly are trying to play each other, creating the semblance of relative market stability.
Don't assume it's bad because it's a "bot" that buys in milliseconds. That's the reason for the depth of the market and also generates more money and ultimately is best for our economy.
That's not how economics works. Trade is a positive sum game; each party makes the value of what they wanted minus the value of what they traded to get it. Since both parties want what they traded for more than what they traded away for it, both parties generate value.
[deleted] ยท 1 points ยท Posted at 22:39:52 on June 22, 2016 ยท (Permalink)*
It's both. Things have inherent value at first for having a value for survival (food, land) and later as that loses importance for confort (jewels, electronics). Obviously things are only valuable if people are willing to pay for it, but some things are pretty much guaranteed to always have some value, and to those we atribute the label of having inherent value. Also I'm not sure what you are trying to prove.
[deleted] ยท 1 points ยท Posted at 02:18:21 on June 23, 2016 ยท (Permalink)*
When I said that I meant to dispel the notion that there exists a fixed amount of wealth that has to be distributed to society. Obviously wealth that already exists will move around, i.e. distributed or directed somewhere.
Uraddd ยท 0 points ยท Posted at 02:04:37 on June 23, 2016 ยท (Permalink)
It works like this: a stock market investor buys a fraction of a company, this means the company gets that amount in funding and the investor gets control of whatever proportion of the company he bought. Let's say he buys two million of a mining company, now at the time of buying two million translates to a control of let's say 5% of the company. With that money the company then invests in a mining operation, which generates wealth in an obvious manner. Now with a (hopefully) successful mining operation the company has more value, but the investor still has control of 5% of the company, which means he has more money than when he started. If the stock trader does his job right, he funds an operation that generates wealth, and adds to his own in the process by taking a calculated risk of the company actually being successful or not. In effect, he directs wealth to a company that will use it to generate wealth.
Uraddd ยท 2 points ยท Posted at 19:33:47 on June 23, 2016 ยท (Permalink)
I understand the concept of investing and the generation of value. No thanks for the explanation.
Hft is not an initial investment, it doesn't work that way. I'm not sure if you're being thick intentionally or just hella proud of the Econ 101
Hft can be said to produce value in liquidity but that's it, and frankly with how liquid things they are gonna trade with already are I don't think it provides any value in increased liquidity.
High frequency trading is good for the market. You're assuming that without hft we would have a perfect efficient market, that's not the case. HFT reduces the spread on stocks. That makes it cheaper for everyone to access the market. If Wall Street could get rid of HFT the financial institutions would be making more money, not less. The
[deleted] ยท 1 points ยท Posted at 23:01:23 on June 22, 2016 ยท (Permalink)
But dont worry Hillary Clinton told the big banks to 'Knock it off'
AgAero ยท 10 points ยท Posted at 21:32:20 on June 22, 2016 ยท (Permalink)*
Funny, but irrelevant. The only thing wrong with using automated trading is that since it's a chaotic system, you may accidently cause a feedback situation that kills the stock very suddenly. However, you cannot guataneeguarantee that human oversight would prevent this either.
[deleted] ยท 5 points ยท Posted at 21:52:53 on June 22, 2016 ยท (Permalink)
I would say the main thing that's wrong with high frequency trading is that it's essentially insider trading. Only people who can afford absurdly high speed internet connections directly to the exchange can find out about updates to prices and make trades fast enough to really do it correctly. I'm not aware of any good reason the exchange couldn't require all transactions to be done at 10 second intervals instead of allowing multiple transactions per second. Requiring such a delay would put all traders on more equal footing rather than giving an advantage to people who can buy a special connection.
Jokkeyo ยท 6 points ยท Posted at 22:04:07 on June 22, 2016 ยท (Permalink)
They don't really have special knowledge, just "perfect" (as in, more faster) knowledge, so I'm not really getting the connection to inside trading.
A pro high frequency trading argument is, that if the algorithms somehow manipulated the prices of stock, you could exploit that to gain money. But seeing as the high frequency traders seem to be quite successful, compared to the frequent stories about maneged funds getting outperformed by indexes, I would reason that the high volume provided is forcing the stocks to be priced true to market.
The benefit for the average trader would then be to always get accurate price for your buys and sells.
[deleted] ยท 5 points ยท Posted at 22:19:49 on June 22, 2016 ยท (Permalink)
Insider trading generally is more, faster, knowledge. In this case, the idea is that Person A with a fast connection can see that a stock has dropped in price. They then sell it to Person B. If Person B has a slower connection, they may not know that the price has dropped a little bit, so they buy at the older, higher price. Person A has thus basically short sold the stock while knowing the outcome in advance. They didn't have to make any prediction or take any risk. They just exploited their faster connection to rip off Person B. So the question is whether the average person is going to be more in the position of person A or person B. Presumably most people are person B; their everyday mutual fund is getting ripped off by fancy traders with extremely fast connections. The people with slow connections don't get accurate prices as you say; they get tricked into losing money on slightly out of date prices.
elimc ยท 2 points ยท Posted at 22:52:36 on June 22, 2016 ยท (Permalink)
The average person buys and holds. I doubt they give a crap if they lost out on a fraction of a penny.
That's not insider trading though. If all one person had access to was a slower system so that they were a minute behind the average person, everyone else would have a huge advantage over that person in the same way a high-frequency trader has over most people. They would constantly be losing money on out-of-date prices. Does that make it unethical to trade with that person if they buy for more than they should because of their time lag?
Well, it used to be that you had to be at the stock exchange to participate. I wouldn't say that would be insider trading for the people who are there compared to the people who aren't. And most people still service their stocks through a third party, who may or may not have such a direct connection.
[deleted] ยท 2 points ยท Posted at 22:19:47 on June 22, 2016 ยท (Permalink)
So if we are both making shoes and I can afford a machine that sews that shoes together very quickly but you can't so you have to sew them by hand, you're saying I shouldn't be allowed to buy that machine? I have to sew them by hand as well so we're "on more equal footing"?
AgAero ยท 1 points ยท Posted at 22:47:11 on June 22, 2016 ยท (Permalink)
That's different because of the nature of the work. It's a bit of a straw man in that sense.
A better argument I think would be to compare a layman playing blackjack vs a person using a device of some sort to count cards. There is an obviously unfair playing field. It makes sense to level it out when it's a game of chance involved.
[deleted] ยท 1 points ยท Posted at 23:03:25 on June 22, 2016 ยท (Permalink)*
Counting cards is cheating. Frequently checking stock prices and making sales based on that information is not cheating, its simply trying to optimize how you spend your money.
Additionally, using a card counter in black jack makes you win, which necessarily means everybody else loses. But with investing, there are no clear winners or losers. An investing company using high speed internet does not prevent you, or anybody else, from investing (and earning) money. In fact, investors help fund companies which help the economy which helps everybody.
Edit: I don't understand blackjack. However, I still think the point stands that investing is not a zero-sum game and one person's success does not prevent the success of others.
AgAero ยท 1 points ยท Posted at 23:13:43 on June 22, 2016 ยท (Permalink)
It's only cheating because casinos say it's illegal. They're trying to prevent an unfair advantage(which happens to hurt the casino's bottom line).
I don't have a problem with the government doing the exact same thing.
Also,
using a card counter in black jack makes you win, which necessarily means everybody else loses
doesn't sound right to me. In blackjack you play against the dealer, not everyone at the table.
[deleted] ยท 1 points ยท Posted at 23:25:08 on June 22, 2016 ยท (Permalink)
Gamblers making lots of money hurts the casino. Investors and companies making lots of money helps economy. Why should we stop funding innovative people who create companies that provide goods and services for us?
I'm not aware of any good reason the exchange couldn't require all transactions to be done at 10 second intervals
They could, but if someone just made a sell order, and I placed a buy order, but wasn't able to get his lower price since it needs to wait 10 seconds, I would be worse off. It works the same for sellers. And so since adding an artificial delay hurts both buyers and sellers, and doesn't have any clear benefit, they won't do it. If they do, the companies which focus on HFT will move to another exchange, and that just splits the market on means they lose fees.
AgAero ยท 1 points ยท Posted at 21:59:13 on June 22, 2016 ยท (Permalink)
Now that I would certainly agree to. Putting in a fast lane for those who can afford it clearly makes things unfair.
The fees generated by high speed access to the trading systems provide a lot of funding to the stock exchange.
A few stock exchanges have introduced minimum delay trades and it appears to be catching on with some of the larger trading groups migrating their trading volumes to those exchanges. (something I read somewhere >1year ago)
A good point, but brought to an illogical conclusion. Just because one thing doesn't guarantee a problem and another thing doesn't guarantee a solution doesn't mean it would be a bad idea to do the thing that might reduce the chance of a problem.
AgAero ยท 0 points ยท Posted at 00:35:08 on June 23, 2016 ยท (Permalink)
Try rephrasing that a bit more clearly. You've used a triple negative, no commas, as well as conditionals like 'might' and 'chance'.
Overall, my point is that there's little difference in risk between human made trades vs software based trades. What about that is illogical?
Overall, my point is that there's little difference in risk between human made trades vs software based trades.
Then you should provide some evidence to support that point. What you actually said was
[computers] may accidently cause a feedback situation that kills the stock very suddenly. However, you cannot guatanee that human oversight would prevent this either.
Just for my entertainment I will point out the two spelling errors in your comment which I initially didn't comment on, because I am intelligent enough to easily figure out what you meant.
More importantly, you clearly pointed to the potential for a major problem that computers could cause, and the only thing you said about human oversight is that it's not "guaranteed" to prevent error.
That is entirely different from arguing that there's "little difference in risk." If you meant to make that point, may I suggest that you actually make the point?
:D
[deleted] ยท -3 points ยท Posted at 21:22:47 on June 22, 2016 ยท (Permalink)
Flash crashes have not have had any proper long timescale fallout which would have been made them unpopular. This is probably because "the computer sector" buys and sells to humans and a "computer freak out" is unlikely to phase real flesh and blood humans.
However there seems to be some measures to keep the most silliest extremes from happening.
The big negative effects have been by concious human trades. And even they did not introduce that much new regulation on the stock market.
dBASSa ยท 1 points ยท Posted at 21:31:28 on June 22, 2016 ยท (Permalink)
You hold 500 000$ worth of stock and a number on a computer screen claims its now worth 500$. You see an offer to buy your stocks for 100 000$. Do you accept?
I think most people would blink. And the flash crash could already be over and the number back to more usual readings.
And making such drastic decisions people would look for social proof or atleast a theory on why the value is down, why the valuation changed so quickly and why it is not coming up. Even if it was a nuke going off in the companys premises there would be a reasonable expectation that it could be compensated by public money.
dBASSa ยท 1 points ยท Posted at 00:40:19 on June 23, 2016 ยท (Permalink)
Oh Ive listened the radiolab on it. I was making a joke about being uninformed.
mfb- ยท 1 points ยท Posted at 21:39:18 on June 22, 2016 ยท (Permalink)
The [https://en.wikipedia.org/wiki/Knight_Capital_Group Knight Capital Group] permanently lost hundreds of millions due to computer trading. Sure, there was a human error behind it, but no human would actually have done the transactions the computer did.
The illegal part was some companies had high speed lines put in so that they would know the change on one exchange before it reached another. Even drilling holes through mountains so that their network connection was slightly faster.
Because of that they would get notice of the price change before the exchange they were buying out of. They would then buy or sell with the knowledge of the change and make huge profits.
At least thats my understanding of it. It's also possible that it might be the plot to a movie I watched, those sorts of things are often jumbled in my mind.
[deleted] ยท 2 points ยท Posted at 22:06:01 on June 22, 2016 ยท (Permalink)
Not illegal. Similar to front running but not illegal at all, in fact the SEC made explicit exemptions for it, also for HFT where they push a small order in order to detect larger fill and then buy the market to complete the fill at a higher price.
JBGIII ยท 1 points ยท Posted at 22:05:42 on June 22, 2016 ยท (Permalink)
I believe what you might be referring to is arbitrage, which is totally legal.
What would the consequences be of passing a law that all pending stock transactions process simultaneously ever, I dunno, fifteen minutes or so?
It seems like it would level the playing field so that traders with the best read of the market succeed, rather than those with equipment and connections to ultrafast networks.
I assume there would be some unintended effects, but what would they actually be and how would they impact the economy? Basically do these billions of ultrafast transactions actually encourage capital investments, or do they just ensure that the successful investments, which were going to happen anyway, are all made by the same handful of firms and traders?
I guess what I'm asking is, would the stock market be better off if it were more like Civilization than Starcraft?
[deleted] ยท 1 points ยท Posted at 10:51:17 on June 23, 2016 ยท (Permalink)
It wouldn't be a free market and would render trading as a pure gamble. Indicators such as different technical analysis would be useless and those with skill would have equal chances to those without. It would be horrible.
I'm perfectly willing to accept that that might be the case. But I really don't buy that it would eliminate skill. Certainly some indicators would no longer be useful, but who is to say that reading those indicators constitutes skill?
[deleted] ยท 1 points ยท Posted at 20:28:25 on June 23, 2016 ยท (Permalink)*
There is a finite amount of each stock for sale at the 'asking price'. Once you run out of that price there is a higher ask and it goes up til there are no more shares for sale.
If orders processed every 15 minutes and there was more bids than stock for sale at the ask price, how would you compensate? who gets to buy those shares? The first callers? That becomes people with the fastest phones.
There are lots of ways you could handle that. Put in a min and max price and then go to the highest bidder for one example.
Edit: I felt like I was being a bit brusque. To be clear, I have ZERO financial knowledge. If this were easy to fix, someone much smarter than me would be proposing solutions. It's just that whenever I hear stuff about high frequency trading it just seems like an enormous fundamental violation of free market principles. And I've never heard a clear defense of why things have to be that way.
[deleted] ยท 1 points ยท Posted at 07:57:24 on June 24, 2016 ยท (Permalink)
Let me explain high frequency trading to you in a simple way (I hope). A programmer writes a code which will constantly be watching whatever markets it is programmed for. When the program sees indicators as written into its code (for example if the price of eur/usd drops more than x percent) it will make a decision (trade) based on this information and its code. Do not believe anyone who says this is easy- you have to be really intelligent to be able to write essentially a set of rules for making money in a market.
These programs are looking to make $0.01 per dollar invested into each trade and they are doing supremely well if they are successful 51% of the time. If traders were not allowed to do this that would be a massive violation of free market principles. I think your problem with them is that it seems like other people want to make these trades but can't as quickly and that is just completely false. Outside of black boxes people aren't making these trades because the time frame is the next minute or two minutes and unless you have a ton of money, trying to make a penny on each dollar isn't a good idea.
You wouldn't be able to successfully trade euro/dollar or pretty much any fx because of the fact that you don't have the hundreds of millions a portfolio manager does which makes making 4 cents worthwhile.
I don't think this is as simple as I hoped so please ask questions/ challenge me.
ELB95 ยท 1 points ยท Posted at 22:56:40 on June 22, 2016 ยท (Permalink)
I don't even want to know how they deal with leap years if they're closed for leap seconds.
I imagine they're using proprietary software, due to the nature of the industry. I'm only familiar with machine learning, but I am aware that machine learning algorithms are utilized, which are used to anticipate index fund rebalancing(and other things I don't know about too probably). My understanding is that most algorithms used in finance are relatively simple, and that the larger emphasis is on hardware acceleration and networking.
usually its a percentage of what you make. A slice of very little is extremely little. And usually you would be suffering that anyway if you used more traditional methods. (and with this I don't mean setting up a tax-haven account)
the problem is that the code the traders are written in might or might not be adequately prepared to handle that time. And whether some thin is affected or not could be difficult to detect and what a possible remedy woudl be offered and by whom would be very tricky.
This is MUCH harder than it seems. I used to write automated trading programs back in high school and college as a hobby, trading currencies automatically and things. It seems easy, but it really isn't all that easy. One of your strategies may seem to work for a few weeks, then boom the market shifts and it stops working. Its like holding a tiger by the tail...
Many of those algo traders pay top dollar for office space near the NYSE and build data centers in them, just so that the internet ping time to the NYSE servers are minimized.
They caught insider trading because trades were conducted within 2 milliseconds of a Fed announcement, but even if the info was at the speed of light it would have been 7 milliseconds
The problem here is that the effects you would have on the market would compound. Sure, on day 2 you're only selling a 1 or 2 thousand, but on day 30 you are potentially swapping millions in stock every morning. On day 200 you are selling them buying the equivalent of a small country's GDP.
[deleted] ยท 3 points ยท Posted at 00:55:39 on June 23, 2016 ยท (Permalink)
By that time you and everyone else will be buying and selling according to the same pattern (because everyone will buy what you will buy), and since everyone will be waiting for you to make the next move, as the time goes on you'll make less and less money ovearall
Scottal ยท 12 points ยท Posted at 00:17:13 on June 23, 2016 ยท (Permalink)
That's not true at all. In fact, the more of a following he got, the more money he would make. Every morning he would pick a stock and the people matching him would follow suit, raising the demand for the stock, thus raising the price. You see this a lot with popular investors, especially ones active on social media.
Kinda like how when Jim Cramer recommended a stock, the best response was to wait a short time and short (sell) the stock. Because people would take his advice and buy, inflating the price.
This would change your approach though. People know you would be selling immediately after the market opens so they would need to beat you to the sale for most profit. It's very likely at that point you buy in the morning and sell by mid day as people would dump stock before close to try and get the best price.
You would need a seriously large margin account, since a trade takes 3 days to clear. and trading on uncleared funds is called free riding, an SEC no-no. so unless you are using margin, you have to make sure every three days you use no more than half of what you made the previous 3 day3. (margin usually is 100% of what you have so if you have 5K you can buy 10K stock BUT when you sell that stock you cannot sell another stock that was bought with those funds until those stock funds clear.
its a little more complicated but thats the jist.
everred ยท 2 points ยท Posted at 23:43:53 on June 22, 2016 ยท (Permalink)
I scammed a business class using the same method. The prof gave us a semester-long assignment, best overall portfolio performance got a one grade bump on the final, and only our profits or losses were self reported weekly. I just looked up the stocks that performed the best each day of the week and wrote down that I had sold the previous holding and bought the new grower. Since we never had to report transactions, I ran away with it.
Hindsight is great for picking stock winners.
Ssgogo1 ยท 2 points ยท Posted at 00:41:22 on June 23, 2016 ยท (Permalink)
you legally cant sell a stock and immediately buy another with the money from the first that's against SEC good faith rule there is a 3 day wait period. Unless you have a margins account over 25,000 dollars.
pigvwu ยท 1 points ยท Posted at 22:48:03 on June 22, 2016 ยท (Permalink)
No, other way around. You sell right before the close of the day and buy the next day's stock. A lot can happen overnight with after hours trading and whatnot, and the stock may open higher than the previous day's price.
lol. spreadsheet math always works out better than actual math. Look at the stocks that are being traded in Dec. Do you think ANY of those stocks can handle $100B trading volume, all on one side, then closed out at EoD?
Additionally, why does the site only pick winners? If I'm going to be in Magic Christmasland, why can't I short the stock that falls the most?
You would have to buy and sell simultaneously at the close each day. Best performing stock each day is measured from the previous close so it includes more often than not news that broke after hours and opens much higher. Selling the best performing stock the next morning could theoretically lock in overnight losses.
Unfortunately, as I understand it can take 3 days to actually clear a transaction under normal circumstances, whereby money is available again with profit for trading.
So effectively you'd need to do this for a few days with some wait but would be able to roll bigtime thereafter.
Almost certainly however, you'd be nuked by HFT firms identifying your giant 'institutional' sized trades.
fyi, most day traders don't carry positions over night when the markets close. you never know what could happen between open and close that could cause a big shift in the markets.
[deleted] ยท 49 points ยท Posted at 22:12:52 on June 22, 2016 ยท (Permalink)
It won't work. You'd start impacting the market. You buy 1k of apple and no one cares. You buy 40 billion and you'll blow through the order book and raise the price. You can only get so large.
mate, just watch Limitless. Bradly Cooper was making millions trading stocks until he decided to forget paying his loan sharks.
pikk ยท 92 points ยท Posted at 21:40:24 on June 22, 2016 ยท (Permalink)
biggest fucking plot hole in the movie.
Why would a mega genius think that taking money from the russian mafia was the best way to do things?
souldust ยท 110 points ยท Posted at 22:01:04 on June 22, 2016 ยท (Permalink)
The plot hole is that as the cash was flowing in he forgot to pay the guy. He could remember the contents while flipping through a book 7 years back, but not to pay the guy from last week?
Snappel ยท 1 points ยท Posted at 00:31:40 on June 23, 2016 ยท (Permalink)
That was the late fee.
xlptu ยท 1 points ยท Posted at 01:15:39 on June 23, 2016 ยท (Permalink)
Their objective is not to punish you, but to get their money back.
[deleted] ยท 1 points ยท Posted at 02:29:04 on June 23, 2016 ยท (Permalink)
It's a bad way of going for an objective.
Don't make a cornered animal think that you're the path of least resistance. Additionally, the threat of pain often frightens people more than pain itself.
Therefore, you can either shoot off his toe, and make him think he has no choice out of this except to kill you, or you can intimidate him and make him think that the easiest way out is by paying.
I disagree. You blow off someone's toe and tell them you'll be back in a few days and they better have the money, that's much more threatening than "I'm gonna hurt you!" They already hurt you once, next time will be worse.
[deleted] ยท 1 points ยท Posted at 02:58:47 on June 23, 2016 ยท (Permalink)
Or, you blow my toe off, and I go to the store and buy a gun and I'm ready for you in 4 days because there's a fucking reason why I don't have the money ready 4 days before the deadline.
You're a loan shark, you could strap a bomb to people's genitals set to go off the second they're late on a payment for all anyone cares. You just won't make a lot of money doing that, and you'll probably gain the attention of the local police very quickly.
You can get rich by being a psychopath, but not by being a sadist.
Loan sharks kind of what you not to pay so they can squeeze you for weeks actually
pigvwu ยท 26 points ยท Posted at 22:52:19 on June 22, 2016 ยท (Permalink)
He's basically tripling his money every day with tens of thousands in his account by the time he decides to borrow money. I guess the drug makes you good at everything except exponential effects, because all he had to do was work 2 more days to have more money than he borrowed.
I am not standing up for the movie but even as a mega genius, he is still human and we are extremely flawed. He was less flawed than most but still likely to do stupid things because he is human.
Maybe I'm remembering incorrectly, but he paid him the money, and the guy found his drug and took it because crazy Russian?
Ahh damn gonna have to watch it again
Edit: that's why he was there to collect money he forgot. But he was tapered off of the drug at the time so maybe they thought it was an ok justification.
root88 ยท 1 points ยท Posted at 13:43:47 on June 23, 2016 ยท (Permalink)
What? He didn't forget to pay the guy. The loan shark just new that something was going on and tried to force Cooper's character to let him in on it.
The loan shark guy got to him because he didnt pay on time (he forgot) and from then got to know about NZT.
You got to rewatch it dude. I dont have it, I remember it clear as day, because Im on NZT
philmtl ยท 5 points ยท Posted at 22:17:36 on June 22, 2016 ยท (Permalink)
Finding buyers is the hard part can't sell to no-one
mlmayo ยท 1 points ยท Posted at 02:55:45 on June 23, 2016 ยท (Permalink)
It seems an attempt to somehow profit by selecting value fluctuations of stocks that are beneficial to you on the short term. Long term holding is better, because on timescales longer than the fluctuations the market trends upward. Just based on the fundamental nature of stochastic fluctuations, I'd say that such rapid trading is a bad idea.
If you know everything about which way the stock is going to move, short term trades are absolutely better than long term.
Say a stock moves up 12 dollars, down 20 dollars then back up 40 dollars. In total if you bought it before the move and sold it at the end, you'd have made $32. Now if only the other hand, you bought it at open, sold and shorted it at 12, covered and bought it at -8 and sold again at $32, you'd have made $52. Fluctuations like this can easily happen in a minute. Multiply that up to a full day.
If you know everything about where it's going to move, you can profit off every single move and there are a lot of moves.
[deleted] ยท 1 points ยท Posted at 04:19:29 on June 23, 2016 ยท (Permalink)
Which is why the idea is false. It would work in the beginning but later on when you have to sell "billions" worth of a single stock...yeah no, thats not how the stock market work.
RscMrF ยท 1 points ยท Posted at 05:50:08 on June 23, 2016 ยท (Permalink)
Well, you would not necessarily have to pick a new one every day. With hindsight being what it is, just look and see which stock increased the most each day and buy it before the increase and sell after. If it is the same stock multiple days then you keep it until a new one has a bigger increase that day.
When you're looking to buy a stock you don't look for short term. Example, walmart was 52$ 3 or so years ago, now it's at 71$. My friend that's been employed there as a pharmacist for 5 years purchased when it as in the 50s. He purchased 1000 stocks, now he can pull out and collect about 20,000.
[deleted] ยท 153 points ยท Posted at 22:09:43 on June 22, 2016 ยท (Permalink)
If it was as easy as being right all the time my wife would be a billionaire
With the stock market you can learn how a company will likely do.
This brings the chance up many orders of magnitude. At least for the รbergenii among us.
[deleted] ยท 0 points ยท Posted at 03:14:23 on June 23, 2016 ยท (Permalink)
I'm totally wrong with the idea but I always thought (conspiracy junkie) that popular lotteries were all rigged by a super computer similar to the one in Person of Interest (I only watched the three episodes been meaning to go back and catch up) only targeting the elderly and those that the money would negatively impact.
[deleted] ยท 1 points ยท Posted at 03:15:53 on June 23, 2016 ยท (Permalink)
So your best bet is winning the lottery, and then buying the right stocks
besrs ยท 0 points ยท Posted at 22:32:03 on June 22, 2016 ยท (Permalink)
Well hundreds of billion as the prize is also many orders magnitudes more than lotto
regendo ยท 3 points ยท Posted at 23:10:14 on June 22, 2016 ยท (Permalink)*
many
Not that much. Orders of magnitude are powers of ten. Hundreds of billions are X * 1011, with X being any number between 1 (inclusive) and 10 (exclusive). So if your lotto win is one million (X * 106 ), "hundreds of billions" is larger by 5 orders of magnitude (11-6=5).
Not that much, compared to the chance of winning which according to the comment above is smaller by 1000 orders of magnitude. If you took the chance of winning the lottery and divided it by a number that is a 1 followed by a thousand 0s, that would be the chance of pulling this off.
besrs ยท 1 points ยท Posted at 01:26:36 on June 23, 2016 ยท (Permalink)
Oops had in my head only 1000x so was thinking 3 orders. Didnt stop to consider 500 as anything more than a big number so my comparison of millions and billions is indeed irrelevant
[deleted] ยท 1 points ยท Posted at 07:17:19 on June 23, 2016 ยท (Permalink)
It's only about 5 or 6 orders of magnitude more.
[deleted] ยท 0 points ยท Posted at 02:54:10 on June 23, 2016 ยท (Permalink)
Not to mention, if you are going to gamble you might as well go to the casino and play a single number twice. Chances of becoming a millionaire: just under 1/1000.
Zeeterm ยท 67 points ยท Posted at 22:19:35 on June 22, 2016 ยท (Permalink)*
This is nowhere near the lottery, this is way less likely. The lottery is picking A number out of (approximately) 50, 6 times in a row. 50 choose 6 is less than 506. Which is a little less than 5006. 5006 is a million times 506, but that's not so different when we compare it to 500500, which is, well 50012 is 5006 * 506 (lottery odds) * 106 (million).
So 50012 is vastly larger than 5006 and we are still nowhere near 500500.
In fact if we take our new huge number 50012 and multiply it by itself then we get to 50024. Take that new number and multiply it again and you get 50048.
Keep multiplying these impossibly large numbers by themselves 3 more times and you still aren't at 500500.
Edit: to do this at random you would have a chance 1 in a number with 1350 digits long.
Compare to the lottery which is 1 in a number 8 digits long.
Even if just picking the correct outcome of a fair coin 500 times is 1 in 2500 which is 1 over a number 151 digits long.
The lottery is approximately as difficult as picking a fair coin around 20 times in a row.
Assuming a $200 million jackpot, about 1/10 to 1/20. The lottery is still way more profitable.
ManyPoo ยท 25 points ยท Posted at 22:46:42 on June 22, 2016 ยท (Permalink)*
Forget that, think a game of "guess the atom in the universe". Out of all the atoms in all the trillions of galaxies I pick a random atom, and you have to guess it right. The chance of you getting that atom is still FAAAAR more likely than 1/500500
EDIT: in fact you'd have to win "guess the atom" about 15 times in a row for the chance to be about 1/500500.
EDIT2: Maths time.
100 < 500 < 1000
so
100500 < 500500 < 1000500
This is the same as:
101000 < 500500 < 101500
Number of atoms in the universe = 1080
Chance of guessing the right atom = 1/1080
Chance of guessing the right atom, n times in a row = 1/1080n
So n is around 15. Therefore:
Chance of guessing the atom, 15 times in a row ~= chance of picking 500 stock market winners for 500 days.
People win the lottery.
We do not have enough people ensure a win.
I tried to calculate how many people it would take, but google just gave up and said Infinity.
Wouldn't it just be one person per number? Or are you assuming that there is no saying what number anybody would pick and how many people it would take randomly picking numbers before every number is chosen?
But more than one stock goes up per day, that would only assume only one stock a day is the correct pick, however their are many that would make your investment grow by various degrees.
Even if you had a 50:50 shot at each stock being right, so effectivly it's like flipping heads 500 times in a row, the odds would be (1/2)500, or 3.5 x 10-151
[deleted] ยท 1 points ยท Posted at 00:00:22 on June 23, 2016 ยท (Permalink)
To get the absolute best possible score, sure.
But you could pull it off with almost any set of stocks as long as you got profitable stocks every day, and there is more than 1 stock that goes up on any given day. (Especially if you expand to the market as a whole and not just the S&P 500.)
ktappe ยท 1 points ยท Posted at 00:45:56 on June 23, 2016 ยท (Permalink)
My computer won't even calculate that number.
But even 5005 is 31 trillion. Good luck getting thru the first week of that plan.
The number is 305493636349960468205197939321361769978940274057232666389361390928129162652472045770185723510801522825687515269359046715531785342780428396973513311420091788963072442053377285222203558881953188370081650866793017948791366338993705251636497892270212003524508209121908744820211960149463721109340307985507678283651836204093399373959982767701148986816406250000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
[deleted] ยท 1 points ยท Posted at 03:22:57 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 1 points ยท Posted at 08:12:37 on June 23, 2016 ยท (Permalink)*
Not sure. Let's say you can beat the market by about half a percent on average. Let's also assume that the market is constant and stable overall (big assumptions to allow for a very straightforward calculation).
After 500 picks you've got: 1000 * 1.005500, which, by virtue of "the magic of compound interest", totals up to about $12,000. Don't quit your day job :-). But hey, keep going for 20 years (without spending any of that on food or shelter) and you'll be doing pretty well.
Note by the way that consistently beating the market by 0.5% is no small feat - massive organizations are doing their best using tons of bright crooks with insider knowledge, and would be pretty happy if they could multiply their money by 12 every 2 years.
Computing a probability of making billions is a lot tougher. One way to go about that is to estimate the probability of picking a stock as a function of how it'll change that day compared to the others; for instance you'd have a high chance of picking a +10% stock on a day when all others go down. You could use a Boltzmann distribution for instance, and play around with the temperature parameter to adjust how good your research is, and simulate that on S&P data a few thousand times to get the corresponding money earning distribution. Should take a couple hours of work though... Post your results here :-)
According to my calculator that works out to be E, which I assume stands for easy peasy.
root88 ยท 1 points ยท Posted at 13:45:29 on June 23, 2016 ยท (Permalink)
There are a lot more than 500 stocks to choose from.
NYSE has 2800 stock tickers to choose from. NASDAQ has 3100.
[deleted] ยท 2 points ยท Posted at 14:28:56 on June 23, 2016 ยท (Permalink)
The original post mentions the S&P 500, which is 500 stocks as its name indicates. Sure, there's tens of thousands of options to choose from if you want more choice, perhaps tens of millions if you include all sorts of derivative products etc.
root88 ยท 2 points ยท Posted at 14:39:39 on June 23, 2016 ยท (Permalink)
Well, there are little technicalities like there being enough stock available for you to buy all at once on a single day, and the stock price (or possibly even the market) not being affected by large purchases or more significantly, large sales when you do so. Or following regulations like having to report owning more than x% of a publicly listed company.
And you'll probably have to pay some taxes too. But yeah, knowing the future like that would definitely make you rich.
Zardif ยท 44 points ยท Posted at 21:07:36 on June 22, 2016 ยท (Permalink)
If I earned $179 billion in a year, I wouldn't even care if I had to pay 75% tax on it. $45 billion is still more money than I could fathom, and I'm sure the government* would have something worthwhile to do with the rest.
yeah at that point I'd just stop whenever I would end up with 45 billion anyway, the more you make the more you get taxed, so wouldn't there be a point you'd be better off just stopping and get taxed less?
That's not how taxes work. You only pay the higher tax band over a certain threshold. And no, there's never a point where that causes you to make less by earning more. If you're that bad with making assumptions rather than finding out facts, I doubt you'll have to worry about being a billionaire though
True, but at no point does making more money put less into your pocket. Plus I've never really had a problem with tax, it provides useful services for me, and others in the community too. It's kind of like forced charity :p
Once you get big enough you can just avoid taxes anyway
[deleted] ยท 3 points ยท Posted at 02:40:41 on June 23, 2016 ยท (Permalink)
The biggest one I can think to add is that if you start with $1000 you probably won't be allowed to trade on margin so trades will take 3 days to settle anyway.
And if you did get margin, you're still making daily trades with a small amount of money. SEC regulations state that your broker would identify you as a pattern day trader after 4 days and demand you drop $25,000 into your account or lock you out.
So you need to get a margin account, which isn't assumed for total beginners, and you need to earn $24,000 from $1,000 in 4 days to avoid being flagged for day trading. Pretty hard.
u38cg2 ยท 3 points ยท Posted at 22:03:32 on June 22, 2016 ยท (Permalink)
French life insurance company sold a policy where they would publish stock prices every Friday. At any point during the next week, policy holders could buy a stock at the published price, even if the stock had changed. They offered the policy back in 1987, when it was no where near as easy to look up prices or order a trade as it is today. They managed to trick most of the holders to give up this ability by paying them a "convenience fee" to "update the policy." The article is about one particular man who still has policy, continues to play the market to the best of his ability, and in a few years could actually have his policy be worth more money than the insurance company who owns the policy is worth.
Don't know why stocks are being traded via an insurance policy to begin with
u38cg2 ยท 1 points ยท Posted at 08:51:51 on June 23, 2016 ยท (Permalink)
His life insurance contract is invested in the stock market. Once a week he can switch investments at last week's price. He's been achieving growth of about 69% per annum, since 1997.
itisike ยท 1 points ยท Posted at 23:34:13 on June 22, 2016 ยท (Permalink)
The real problem is that after the first billion or so, the market would realize that someone is eating their lunch, and would refuse to trade. I'm pretty sure you couldn't get $179 billion out of the market in such a short time.
I do wonder what would happen. It seems clear that markets could not function if such an oracle with cash is introduced, but precisely what point that would happen is an interesting question. How much you could siphon out of the market before enough big investors lose enough to notice, and secondly what would actually happen: would there be a way to have functioning capital markets? I suspect the potential damage to the economy from less trust in markets would be large enough that the regulators would find some way to ban them from trading, but not quite sure.
DeuCan ยท 1 points ยท Posted at 01:14:53 on June 23, 2016 ยท (Permalink)
That's why we have dark pools. You could probably hide billion dollar trades without too much effort.
I think the real issue would be your price impact. With every trade you make, you drive the price in a direction that is undesirable for you. Prices go down while you try to offload and up while you try to buy.
itisike ยท 1 points ยท Posted at 01:41:20 on June 23, 2016 ยท (Permalink)
That's why we have dark pools. You could probably hide billion dollar trades without too much effort.
I doubt this. Dark pools still need market makers or have low liqutidy: if there's a market maker they won't want to trade such large quantities in a single trade.
Also the money you're making comes from someone, there's only so much other people can lose in a strange way before they get suspicious.
I agree price impact matters, but I think the overall price impact of people noticing a super good trader will outweigh that.
Note that dark pools don't seem to be used by insider traders to hide their trades, and the same reason will make it harder for our investor to execute.
Yeah, I've definitely thought about this in the abstract sense.
Starting out small, you could make a lot of money and get away with it.
As you started getting into the millions, it would be very hard to escape fame and all the complications that came from it.
After you own a significant portion of the stock market, say a trillion, what happens then? You'd have an unprecedented amount of power. Could you become rich enough to be more powerful than all the world's leaders? Would having that amount of money and power make you an evil tyrant? I think I'm a good person too, but power corrupts everyone.
Do you corrupt the whole market because you win at everyone else's expense? You're basically taking property away from people, one bad trade at a time. You're buying low, but everyone else is selling low.
That sounds impossible. NYSE has 2800 stock tickers to choose from. NASDAQ has 3100. Every day, you have 1 correct and 5899 incorrect decisions to make. And you want me to make the best decision 496 days in a row?
You're better off betting a number straight up in Roulette. You have a 1/37 chance of hitting it (with a single zero wheel). And when you hit, you'll get paid 35 to 1.
Not only is it impossible but it is IMPOSSIBLE. Once you got to $XXXmillions you'd find that in order to buy a stock, you'd have to purchase all of the outstanding shares. Even if you didn't, an order that large would have a severe impact on the price of the stock when you tried to sell it. Supply and demand = trying to dump hundreds of millions in stock in one day (and the day after and the day after) would cause the prices to crash. Then you have to worry about all those people who know what stock you bought and will be waiting to buy it up at bargain prices when it crashes...day after day. You'd end up worth zero.
True - but eventually you'll reach a portfolio value in the trabillions and then YOU become the market and you are betting against every move you make. At what point this happens would actually be an interesting problem to calculate.
[deleted] ยท 6 points ยท Posted at 23:18:42 on June 22, 2016 ยท (Permalink)
[deleted]
blippyz ยท 1 points ยท Posted at 02:27:39 on June 23, 2016 ยท (Permalink)
Could you use that idea to "cheat"? Like if the price is $8, put a sell order asking for $12, and then put a massive buy order for a price too low to ever actually get filled, so people see someone trying to buy so much and then start buying it themselves, pushing up the price so you can sell yours at 12 instead of 8?
The extent of my stock trading experience is an android app with fake trades that I used for 2 days so this might be a pretty noob-like question but I'm just curious. Or does it only affect things when the orders actually get filled?
Yup. Even a large order (>$200k) on a medium sized company will cause a blip in the share price. It's pretty interesting seeing how sensitive a particular company's stock is to that kind of move.
The premise of the post I was referring to was "In 2014 (starting with $1000) if you picked the right stock ever day for the 248 working days the S&P 500 operated, you would be worth billions. ...." and my reply stated that the one-stock-a-day was not plausible.
Yes - diversify! My recommendation is that yo turn over your million $ to one of the top ten trust companies in the US. They have all been around a long time for a reason. They are good at what they do.
[deleted] ยท 5 points ยท Posted at 23:37:34 on June 22, 2016 ยท (Permalink)
Wouldn't that assume that 5898 stocks went down and only 1 went up. Or are you looking at making the BEST possible trade each time?
Because it's much more plausible to make a suboptimal, but still beneficial decision.
OP was talking about making 179 billion dollars in one year with a starting balance of $1000 which was done by picking the best performing stock of the day. He also implied (tongue in cheek) that it would be easy.
Sure, you can sub optimally profit... If you did as well as the S and P 500, you'd only end up with $1117 (they had a 11.7% gain in 2014). That's not quite the $1M that the original shower thought was wishing for (especially since he wanted to make it in one day).
If you simply want to become a millionaire like OP, it doesn't have to be #1 best performing stock of the day. I don't have the data, but it's plausible that you only have to pick one of the top 5% for the day. Still hard, though.
I might be off (relatively new to investing), but I think that would get you flagged as a pattern day trader within the first week or so, and pattern day traders are required by law to maintain a balance of tens of thousands of dollars.
$25,000 and you don't get money from the profit until 3 days later, so this won't work. If you try to use the money before it is in the account you get a good faith violation. Some brokers let you have 3 of those before closing the account.
[deleted] ยท 14 points ยท Posted at 21:33:17 on June 22, 2016 ยท (Permalink)
If you have $25,000 coming in 3 days then you can probably find an investor willing to cover some of your bets for the following day. And then 3 days from then you have even more money promised to you in 3 days, so you can find more investors to cover your bets for the next day.
So you'd have to spread out your orders about three days apart in order to pull it off without dumping $25k into your account? That would make things more interesting, but I imagine you'd still make a killing if you made the correct moves.
Since reading is a basic task I'd charge you $7.25 an hour for it. It might have taken you about 1.5 seconds to read that comment, so you get $0.003. Keep up the good work.
PDT is only implicated if you have less than 25k in your account and you are trading the same stock more than 3+ times in a week. In this scenario it's unlikely the highest performing stock of each day would be the same, so you would probably never trade the same stock enough to get flagged anyway.
It's not pattern day trading if you don't buy and sell the same stock in the same day. So if I bought $SUNE on Monday and sold it on Tuesday, I'd be fine with buying another stock on Tuesday and selling it Wednesday.
I just can't buy in the morning and sell before close for the same stock.
Restate my assumptions: One, Mathematics is the language of nature. Two, Everything around us can be represented and understood through numbers. Three: If you graph the numbers of any system, patterns emerge. Therefore, there are patterns everywhere in nature. Evidence: The cycling of disease epidemics;the wax and wane of caribou populations; sun spot cycles; the rise and fall of the Nile. So, what about the stock market? The universe of numbers that represents the global economy. Millions of hands at work, billions of minds. A vast network, screaming with life. An organism. A natural organism. My hypothesis: Within the stock market, there is a pattern as well... Right in front of me... hiding behind the numbers. Always has been.
Sawses ยท 3 points ยท Posted at 22:05:25 on June 22, 2016 ยท (Permalink)
If I had a time machine, I'd so use it to become a day trader for about a year. After I went and killed Hitler, made Trump lose his fortune back in 1990, and bought a few science textbooks from AD 2300.
I would probably leave history significantly before my current time (more then a year or so) alone due to the butterfly effect. So no stopping 9/11 and no killing Hitler, but plenty of work still to be done. Depending on the nature of the time machine, a lot of work.
Z0di ยท 1 points ยท Posted at 22:48:41 on June 22, 2016 ยท (Permalink)
You're boring. What if you could stop one event in time from happening, but it would erase your existence, however the change would be permanent. Would you change something, and what would it be?
What does this mean? How much does the stock have to go up each day? Double, the avg or mean of the highest returning stock for the year? A little short on the details.
EWSTW ยท 1 points ยท Posted at 22:10:13 on June 22, 2016 ยท (Permalink)
all about odds - that's probably smaller than 1 in a billion...or if you know what to pick then you're already likely handsomely paid by your employers
Awesome. So now all I have to do is invent and build a time machine. Sure fire win.
[deleted] ยท 1 points ยท Posted at 22:40:13 on June 22, 2016 ยท (Permalink)
Except the world is a chaotic system, and your travelling back in time would create small changes in the world which would quickly propagate and, after a few days (I'm not sure how long), you'd eventually change the past enough that you'd no longer know what the future would be. You'd have to quit early, and if you waited too long, you'd lose everything.
Got it. I'll start off with a huge lottery win and invest in some major companies like Apple which I'm less likely to effect. I'll cash out after my first billion or so and keep s hundred mil in reserves just incase. Now, just need to figure the whole time machine thing out...
What's the chance of this vs chance of winning the lotto?
[deleted] ยท 3 points ยท Posted at 22:42:03 on June 22, 2016 ยท (Permalink)
You have a way higher chance of winning the lottery. The chance of picking the correct stocks 500 times in a row is unimaginably low. You'd have a much better chance of winning the lottery billions of times in a row.
If you've ever read the book The Sirens of Titan by Kurt Vonnegut, the main character's grandfather essentially does this. He selects stocks by pretty much random order and ends up becoming the richest man the world has ever seen.
we tried to do something similar one year with online gambling. start with $100, bet on a single game with odds of about $1-$1.20, roll winnings into next bet, repeat.
one guy bet on soccer and blew his money in the first week, i think i made it to about $200 before i lost. in theory you can get quite rich, we had the Excel graphs to prove it...
Go to a casino and only play 50/50 bets like red/black, even/odd on roulette. Or banker/player bets on baccarat.
Even with only 2 options you will quickly see why this plan sounds much easier then it really is. Now think about picking the winner out of hundreds or more options. Even with only 2 options like the bets mentioned above its extremely hard to pick the right side more then half the time!
fpsmoto ยท 1 points ยท Posted at 00:10:14 on June 23, 2016 ยท (Permalink)
I'd do this, double my money, take out my initial investment, then play with the rest of it in the market till I'm a millionaire. Not a new idea, I'm sure, but what do you have to lose at that point?
Are you including transaction fees, because that would definitely eat at your profits. And are you saying you would have to pick the top performing stock everyday
By the time you had a couple million, possibly less, your purchases would cause the price of even something like AAPL to move, and they would start taking more and more time to execute. Furthermore, even the highest dollar-volume stocks only trade a couple tens of billions of dollars worth per day, so to try to put say $50 billion in one stock would take more than a day to accomplish. Also the percentage gain listed is close price to close price, so any difference between close one day to open the next (which is often the case for big movers) would be a part of that gain that you missed out on.
Not to be technical here, but once your investment is worth more than 10% of the company's entire value, it's not easy to sell your stocks the next day. There will be simply no so many buyers. And if you had that much to sell, the stock price would go down while you are still selling them. You'll make much less than you expected.
[deleted] ยท 1 points ยท Posted at 01:34:14 on June 23, 2016 ยท (Permalink)
That assumes you don't have any effect on the system you're working within.
That sort of shift in capital to one person would throw the markets for a fit.
brwbck ยท 1 points ยท Posted at 01:43:49 on June 23, 2016 ยท (Permalink)
This isn't actually possible because the stock market doesn't have the volume to support it.
At some point, the size of your trades will be on the order of the market cap of entire companies. You're not just trading stocks at that point, you're buying and selling companies, wholesale.
It's nothing but fantasy.
[deleted] ยท 1 points ยท Posted at 01:44:38 on June 23, 2016 ยท (Permalink)
More probable than winning mega millions probably.
Eventually the volume of cash you'd be slinging around would put a dent in your growth rate. As would the reporting requirements when you're buying more than a certain percentage of a company.
[deleted] ยท 1 points ยท Posted at 01:58:21 on June 23, 2016 ยท (Permalink)
what is really fuckin ardj the is how will you spend your countlesss dollars! wj=at the fyck wiil you do being the richest รชrson on the planert@ ricj peaple, waht are they doing? heinz?
That doesn't work even if you can see the future. You can maybe get to $10 million but with that amount, every trade that you make will influence the stock price by so much that you are not going to be able to profit. Every time you put in a buy order of 100,00 shares (if the stock is $100 per share), you will move the strike price higher. Every time you put in a sell order, you will move it lower. The more shares you want to buy or sell, the worse it gets. Long before you reach $1 billion, everyone else in the market will be profiting off of your trades.
I suppose you can do options....but with trades like that, you will definitely get a visit by the SEC.
This is assuming you can get enough liquidity to put your whole net worth in one stock on one day, which isn't feasible for ultra rich people. For example the last day you are putting $157 B in chesapeake energy which is like 50 times the total valuation of the company, and that's not taking into account the insider holdings which were pretty significant on this one IIRC. The requirement of being clairvoyant is another stumbling block.
By the way, if some genius out there did pull this off you may want to consider lightening up on CHK if you haven't yet. Since that last trade the government started an investigation into the CEO for antitrust practices and the CEO ended up committing suicide over it, or at least that's what it looked like. Also a lot of people are saying CHK might go bankrupt.
meerian ยท 1 points ยท Posted at 02:32:45 on June 23, 2016 ยท (Permalink)
That can't be right. You'd end up pumping the stock price with your buy orders once you started getting a lot of money.
I'm surprised there's not many people mentioning options. If you knew a random company would be bought the next day for a 50% premium and stock goes up 30-50% you could probably hit a million profit with a $10K bet.
Stocks, of course! I always think of lottery with time travel but it would get way too obvious at some point. You'd get banned etc. Stocks however are free to "win" at pretty much infinitely.
[deleted] ยท 1 points ยท Posted at 03:01:12 on June 23, 2016 ยท (Permalink)
I often think this about women too.
True there are some who simply arent physically attracted, but there are many more who would let me in their pants if I gave the right body language and said the right things at the right time
Consider the NCAA brackets. To get them all right, it's 63 picks (I'm not counting the play-in games). And how many people do that? 500 correct picks in a row is astronomical odds.
For anyone curious, that's a 1 in 305493636349960468205197939321361769978940274057232666389361390928129162652472045770185723510801522825687515269359046715531785342780428396973513311420091788963072442053377285222203558881953188370081650866793017948791366338993705251636497892270212003524508209121908744820211960149463721109340307985507678283651836204093399373959982767701148986816406250000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 (aka 500500) chance of winning
Or, it can also be a 1 in 3.0549363634996046820519793932136176997894027405723266638936139092812916265247204577018572351080152282568751526935904671553178534278042839697351331142009178896307244205337728522220355888195318837008165086679301794879136633899370525163649789227021200352450820912190874482021196014946372110934030798550767828365183620409339937395998276770114898681640625 ร 101349 chance of winning (thats 30549363634996046820519793932136176997894027405723266638936139092812916265247204577018572351080152282568751526935904671553178534278042839697351331142009178896307244205337728522220355888195318837008165086679301794879136633899370525163649789227021200352450820912190874482021196014946372110934030798550767828365183620409339937395998276770114898681640625 followed by a metric fuckton of zeros)
[deleted] ยท 1 points ยท Posted at 03:31:01 on June 23, 2016 ยท (Permalink)
If you could magically predict extremely low probability price events, you could buy the correspondly extremely cheap stock options that pay out if the event occurs. With some optimal sequence of option trades, you should be able to turn $1 into billions in far less than a year and far fewer than 500 trades. It seems reasonable that there is at least one 10x return option trade possible per day, and that is being pretty conservative. If so, after 11 days and 11 trades you could turn $1 into $100,000,000,000 and be the richest person alive. Of course this is completely ignoring the effect your buy orders would have on the market.
That's almost silly in complication. Here's four moves to become a multi-billionaire from $10,000.
$10,000 into First Solar when it IPO'd in Nov 2006, near $25 or so, sell near the highs of course ($250 / share, Dec 2007 would be fine, before the market crash). Now you have $100,000. Do not pay taxes on it yet, we're rolling this forward soon.
$100,000 into Bear Stearns puts in Dec 2007 when it was in the $90s right before the big banking crash. It collapsed to $2 in March 2008. Those puts would have been worth 100+ times your investment even if you had chosen semi-conservative puts. Now you have $10 million. Do not pay taxes on it yet.
Roll your $10 million into a put against Citi, its puts were extremely cheap at this point. Nobody seriously thought a monster like Citi could go bankrupt. Citi was $27 / share in April 2008, even after the Bear Stearns crash. By March 2009, Citi collapsed to $0.97 per share. That put is now worth, even assuming a conservative approach, about $300 million.
Now pay taxes on your $300 million so the IRS doesn't eat you. Assume they get half for convenience.
Roll your $150 million into Las Vegas Sands at $1.38 in March 2009.
Sell at $87 in March 2014.
Congratulations, you made four moves, and now have ~$9.5 billion. Pay your long-term capital gains taxes and enjoy.
Once you gained a significant amount of money wouldn't the price of the stock your buying and selling be affected? I mean if someone sold a billion dollars worth stock the price of said stock would plummet, right?
Technically step 1 has profit built into it. Gotta have money to make money.
Infinite loop until you are homeless and someone gives you a dollar. All these rich guys always say "I started with this one dollar bill." In which some how they didn't spend to make their fortune.
Gsanta1 ยท 2 points ยท Posted at 23:57:52 on June 22, 2016 ยท (Permalink)
Yeah, but then the next day you spend it all and you're broke again
[deleted] ยท 2 points ยท Posted at 00:58:24 on June 23, 2016 ยท (Permalink)
I was thinking that or robbing a bank. In one day is important. I've won the lottery and I had to drive a few hours, register, fill out a form, and set up a bank account at a bank that was approved by the lottery. It's not quite a one day process, especially in the millions. That amount of money takes lawyers and accountants and all sorts of help.
Robbing a bank gets you instant cash. So, if you pulled an oceans 11 in one day, all the right choices, you could walk away with a few million. Would you get caught the next day? Maybe.
I'd contest this, unless
A) the initial winning lottery ticket is worth $1MM AND
B) the subsequent winning tickets' corresponding draw dates are the same day AND
C) the subsequent winning tickets generate winnings greater than their initial purchase price (cumulatively)
or
A) the initial winning lottery ticket is worth AND
B) the subsequent tickets purchased are also drawn/held on that same day AND
C) cumulatively equate to winnings greater than $1MM.
Actually, the best way is to buy the second place lottery tickets en masse. The winning ticket is split evenly amongst all winners, but in many lotteries the second place winner isn't. Even if second is, third usually isn't. You just buy a gigantic pile of those.
This actually happened once by coincidence - a lazy fortune cookie producer mass-printed cookies with the same lucky lottery numbers which were one digit off the winning numbers, resulting in the lottery paying out more money than they would have if they had simply won.
Day one you win. Day two you win. Day three people begin to stop buying lottery tickets because they think it's rigged. Day four the lottery shuts down.
You could certainly get pretty far with step 2 but you wouldn't be able to use all of it for lotto! :-)
Lotto tickets must be bought in cash and in person 1. I'm only familiar with the laws of NY but the maximum purchase per ticket wager is $100. So if you had won a jackpot of $200,000,000 after taxes, you'd still need to sit through 2,000,000 transactions! You'd also need to account for time for filling out unique scorecards to ensure you don't buy duplicate tickets, and probably also hire some armed security since you'll be standing in a gas station with millions of dollars in cash in your pocket all day.
[1] an exception to this is that you can buy a lotto subscription online at the official lotto website, but it needs to be paid from a checking account, and it's more time consuming to sign up the accounts each time
I had a similar shower thought as OP's once: A thumb drive can contain a few thousand pages of PDFs. Assuming that a new thumb drive comes with all its bits set to 0, if I knew which bits to turn on to 1, I would have pages of information regarding every unanswered question there ever was.
amunak ยท 23 points ยท Posted at 23:57:23 on June 22, 2016 ยท (Permalink)
The library of everything, something like OP describes. It contains descriptions of all events that have ever happened, all events that never happened but also everything that will happen.
The only hard thing is figuring out where to read.
Yeah, but that kinda takes the fun out, you know? There is a chance that by clicking random, I find an unwritten poem that would make me famous, or a page of information about what I will do in the future. I understand I'd be better off playing Powerball, but a man can dream.
It doesn't help that it's not an optimal Library of Babel. There should be one instance of every combination of letters, but instead there can be countless copies of the same page in that library.
How can it? There are sets of infinity that are more infinite than others, so if your set of all knowable things is 'complete', and thus tests true, how do you know that there isn't another, more complete set of knowledge out there?
There's nothing mystical about the truth that there are some infinities larger than others. It's feasible that there is a set of knowledge that explains all explainable things, contains all knowable knowledge, that is consistent and self-verifying.
This set would appear to be the 'most' complete set of knowledge possible or available, and being self-verifying, would indicate that there is no knowledge outside of the set.
But if this fantasy set of information is feasible, so too are other sets that are just as consistent and self-verifying, but contain information not found in the first set.
The set of all knowable things would appear to contain the knowledge that all things knowable are present in the set. But that is not necessarily the case.
I specifically just said it's not mystical, meaning it's pretty obvious and not complicated. But that you are treating it like it is complicated. If it's right there in the problem question that the set contains all, then it is all that could ever exist. Anything you can think of, and everything you can't, is in that set. There are infinite sets that don't contain everything, but that's not the context here. So you don't need to worry that it might contain more than you initially think it does.
'All' isn't the comprehensive moniker you think it is. And if you think the question isn't complicated, by all means, use it in a PhD thesis for your easy PhD.
As a very simple counterpoint, the set of all knowable things doesn't contain anything within the set of all unknowable things.
It may not even contain anything in the set of 'all assumable things', but that's an issue of definitions we'd have to discuss for the conversation to continue.
Beyond that you run in to the issue of infinity - is the set of all knowable things infinite? If it isn't, then it doesn't contain all possible information. If it is, then no one particular piece of information is more complex or different than the rest of the trend in the set (and we know that can't be true).
All is all. Stating the set of all knowable things can't contain unknowable things is just a tautology.
It doesn't matter if the set of knowable things is infinite or not. The original statement was
Does the {set of all things there are to know} contain the knowledge of whether one knows all the things?
The only consistent answer here is "yes". There is nothing complex or paradoxical going on. The size of the set is irrelevant. So why did you say "how can it?".
Well I agree with you that in reality it's basically an impossible set to define because you never know what things we might discover in future. But in the context of the question you can just roll with it :p
Looking back at my previous comment I guess I wasn't being clear enough. It was 6am and I haven't slept well. But I was thinking in the context of all knowable things, not just all things. You're going to have to try harder if you want to make anything paradoxical or tricky about the question
nytrons ยท 1 points ยท Posted at 01:00:39 on June 23, 2016 ยท (Permalink)
[deleted] ยท 1 points ยท Posted at 04:42:13 on June 23, 2016 ยท (Permalink)
But then how do you know you know everything there is to know? Not knowing that means you don't know everything there is to know. P != NP, q.e.d. ipso facto.
If you knew everything, your knowledge will include that fact that you cannot know everything, but what if you knew even the things that you cannot know, what then huh? HUH?
Even better: In a grid of 1920*1080 pixels (full HD picture), if you calculate every permutation there is with r,g and b pixels, you will basically have every picture that ever existed or ever will exist. You will have a picture of everything that ever was, that ever will be, everything that could have been. A photograph of the real Julius Caesar with underpants on his head? Yup, it will be in those permutations. Everything that you could think of, in every possible angle, with every possible lighting. Blows my mind.
I wonder what the average index-distance would be between actual, recognizable images and garbage, assuming the images are randomized. I imagine it's probably a real big number too
Yes that's true. Or at least seems to be true, intuitively. It really is mind boggling. And it just gets more mind boggling the more you think about it. I love shit like this! Fuck yeah!!!
And what's even more awesome is that these images, which are only one pixel apart, can be arranged and displayed sequentially at 24 frames per second to create the best motion picture in the history of the human race.
Hell yeah. Except that each relevant frame ordered sequentially at 24fps would have far more than one pixel different.. They'd have almost every pixel different. Depending on lighting and other factors, I guess. Otherwise you'd have some hella slow motion, I guess.
Practically every picture would be static noise. You could go through the pictures for hundreds of years without finding anything that resembles anything.
[deleted] ยท 5 points ยท Posted at 22:46:30 on June 22, 2016 ยท (Permalink)
To further blow your mind, the entire number of permutations here would equal more than the total number of atoms in the visible universe.
resinis ยท 2 points ยท Posted at 23:21:40 on June 22, 2016 ยท (Permalink)
Wolfram Alpha estimates the existence of 1080 atoms in the universe. Even a screen of 20x20 pixels, where each pixel can only be black or white, contains more possible permutations than that:
220ร20 = 2400 โ 2.58 ร 10120
Not only does it exceed that number, it does so to a mind-boggling degree.
resinis ยท 1 points ยท Posted at 14:53:35 on June 24, 2016 ยท (Permalink)
Doesnt seem like it at all. Maybe 20x20 greyscale... Weird
But yeah, its impossible to imagine how many possible images there could be in a 1080p image with full color
rya_nc ยท 10 points ยท Posted at 22:43:45 on June 22, 2016 ยท (Permalink)
224x1920x1080 =~ 1.5x1014081179
This is a meaninglessly large number - there are only an estimated 1080 atoms in the entire universe. The number of possible images on an HD screen is about the same as the number of combinations you can get by selecting 176,000 atoms out of all the atoms in the universe.
[deleted] ยท 1 points ยท Posted at 04:49:53 on June 23, 2016 ยท (Permalink)
Low estimate for the time until all objects exceeding the Planck mass collapse via quantum tunnelling into black holes, assuming no proton decay or virtual black holes.[95] On this vast timescale, even ultra-stable iron stars are destroyed by quantum tunnelling events. First iron stars of sufficient mass will collapse via tunnelling into neutron stars. Subsequently neutron stars and any remaining iron stars collapse via tunnelling into black holes. The subsequent evaporation of each resulting black hole into sub-atomic particles (a process lasting roughly 10100 years) is on these timescales instantaneous.
Estimated time for a Boltzmann brain to appear in the vacuum via a spontaneous entropy decrease.[6]
101076
High estimate for the time until all matter collapses into neutron stars or black holes, assuming no proton decay or virtual black holes,[95] which then (on these timescales) instantaneously evaporate into sub-atomic particles.
Estimated time for random quantum fluctuations and quantum tunnelling to generate a new Big Bang.[99] Because the total number of ways in which all the subatomic particles in the observable universe can be combined is 1010115 ,[100][101] a number which, when multiplied by 10101056 , disappears into the rounding error, this is also the time required for a quantum-tunnelled and quantum fluctuation-generated Big Bang to produce a new universe identical to our own, assuming that every new universe contained at least the same number of subatomic particles and obeyed laws of physics within the range predicted by string theory.[102] More simply, by this time the entire life cycle of the universe, from Big Bang to final energy state to rebirth, will have repeated the same number of times as all possible combinations of subatomic particles in the observable universe.ย
resinis ยท 2 points ยท Posted at 23:20:02 on June 22, 2016 ยท (Permalink)
No we just need one computer with a big ssd. Just have the monitor display one possible combination at a time. That way you would literally have every image there ever was and ever will be. In 1080p anyway.
Tellesu ยท 1 points ยท Posted at 23:20:09 on June 22, 2016 ยท (Permalink)
A video game played on a computer is just software that flips certain pixels on and off in response to keyboard and mouse inputs while playing sounds that synch.
tobb9 ยท 1 points ยท Posted at 03:23:07 on June 23, 2016 ยท (Permalink)
Sounds very simple. I'll start making video games tomorrow
Why stop at Julius Caesar with underpants on his head? You'd have every single moment of his life from every single possible angle it could be represented in, no?
sneh_ ยท 1 points ยท Posted at 01:54:01 on June 23, 2016 ยท (Permalink)
256 x 256 x 256 = 16,777,216 colors per pixel
16,777,216 x 1920 x 1080
= 34,789,235,097,600 (34.7 trillion) unique images
Black and white (256 shades) would make 530,841,600 (530 million) images. Actually doesn't seem like that many, considering..
lajfa ยท 1 points ยท Posted at 06:15:21 on June 23, 2016 ยท (Permalink)
You are multiplying where you should be using exponents.
Wait...isn't that just saying an HD screen is capable of displaying images? I mean, of course it's able to, the pictures aren't already in it. Screens are made so they can display any image.
If your HD screen can only display 10 pictures, you got ripped off.
Vsauce did a recent video of this. Which is where I assume you got the idea from. It's pretty interesting but I'm too lazy to link it.
Just kidding its messages for the future.
If you knew what to search, you could find the cure to cancer on the Library of Babel. It contains every possible sentences phrases in the English language. Even the thing that I just typed, it's there. Your comment too, is already there.
Well by the virtue of recursion, it can't actually contain every sentence possible in the English language. You can make infinitely many unique sentences in English.
Think of it like this. I'll generate a sequence of digits that contains all finite sequences. We start with all length 1 sequences, then all length 2 sequences, etc.
012345678900010203040506070809101112...
There are other such sequences, but this one is simple. If we replace digits with the alphabet, spaces, and punctuation in a particular ordering then we get every finite sentence. We could add every alphabet and, as long as it's ordered, we get every sentence in every language. Given a specified string/sentence we can find exactly where it appears in the sequence.
I'm aware of how the Library of Babel works, and I know that it can contain any sentence you can possibly write, but it cannot contain every grammatical sentence, because language is infinitely recursive. A sentence that goes on infinitely can be perfectly grammatical, but cannot be recorded on any medium, because it's infinite.
I know that all finite strings can be found on the LoB, but the English language is not limited to finite strings.
It is perfectly possible for a sentence to be both infinite and grammatically correct.
The sentence I provided in another comment was one example, here's another:
The dog and the cat and the bird and the bear and the mouse and the fox ... lived in the forest.
You can fill that ... with as many "and the animal"s as you want, while remaining grammatical. Although an infinite sentence is not possible to produce, if it were it could be grammatical.
That doesn't make sense. At what position in the sentence is the word 'forest'? You can make a sentence arbitrarily long but you can't make a grammatically correct infinite sentence.
The Library of Babel is a generator, not a true "library."
It generates pages from a seed on demand, in a deterministic manner.
It is impossible to actually store every single possible sentence, because any sentence can be extended infinitely.
You can create a sentence like:
"Jessica and Jim and Jonah and Jack ... went to school."
Within that ... is an infinite string of ands and names. It is impossible for any book to contain that sentence, because you would have to generate infinite words.
sirxez ยท 2 points ยท Posted at 09:07:14 on June 23, 2016 ยท (Permalink)
Its also impossible for anyone to look for that 'sentence'? You are right in that the website is limited to a specific book length & specific characters per page and so can't display everything, but, in general, any information can be randomly generated. There is a finite number of time in the universe, so you can't extend any sentence to infinite. You can describe an infinite sentence (like you did) but so can the library of babel. Also, being deterministic given a seed does not mean anything as long as the seed is random.
Not only that --- you'd have every movie ever made, every movie ever not made. You'd have a copy of Star Wars with Brad Pitt in it. You'd have a copy of Star Wars where one single pixel in one frame was slightly different. You'd have every angle on the JFK shooting. Of course you'd have every person/cartoon character/vegetable/solar system/etc detailed as the shooter.
You'd have documents proclaiming to be the ultimate list of true documents and then others proclaiming that document is lying.
You'd have documents describing everything you will ever do. You'd have documents describing a version of your that was an insane murderer who rose to power.
You'd have documents describing how to become immortal. You'd have trillions upon trillions that only had one varied sentence:
Eat a potato
Eat a tomato
Eat a solar system
Eat a cat
You'd spend your entire existence searching through trillions of trillions of documents and knowing you are barely scraping the surface.
You'd be obsessed with the idea that one of the documents describes a perfect document search engine that can instantly find the true documents.
And somewhere in there would be Halflife 3.
Maybe.
[deleted] ยท 1 points ยท Posted at 05:55:23 on June 26, 2016 ยท (Permalink)
Your entire comment exactly was found: The book you were reading was Volume 21 on Shelf 1 of Wall 4 of Hexagon: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
A thumb drive could also contain all the source code and assets of a AAA game which I could sell for millions of dollars. If only I knew what bits to turn on.
BoltKey ยท 2 points ยท Posted at 22:25:13 on June 22, 2016 ยท (Permalink)
Perhaps a bit off-topic, but it is a common misconception that all the bits are set to 0 by default.
Basically, there is some part of the drive which says where all the files are and what is where. By default, there is saved the information that there are no files on the drive. But on the rest of the drive, there is just mess - random 0s and 1s that don't make sense.
This is also connected to the problematic of data recovery. When you delete a file, you don't actually delete the data. You just say that the space is free to use again, but the actual data is not deleted (eg overwritten). So if you don't overwrite it, you can recover it. You basically have a lot of 0s and 1s without the necessary information about the data to make sense out of it, and you (eg the algorithm) have to figure out how the data should be arranged to make sense. Kind of like a huge black jigsaw puzzle.
Sorry to all the tech people cringing about my totally wrong understanding of the concepts, but it's what I got.
Not at all. If he knew a really long string of numbers jt would provide him the knowledge he and no one else knew.
Kind of like knowing how to make a master key for every door in the world, it's not saying you know the contents of every house, but your knowledge let's you find out
When you compress data, it renders it into a slightly less useable form similar to how if you know just the binary its just a less useable form of the pdfs. If I have a compressed pdf would you say i know whats in the pdf?
jrkirby ยท 1 points ยท Posted at 21:47:34 on June 22, 2016 ยท (Permalink)
Not really. You're vastly underestimating how many unanswered questions there are (could be). There's no way a thumb drive could hold the answer to a meaningful fraction of all questions..
If the answer fits on the drive, it could be on the drive. It's a million monkeys bashing on typewriters situation.
jrkirby ยท 1 points ยท Posted at 22:30:49 on June 22, 2016 ยท (Permalink)
You might be able to fit the answer to any particular question on the drive. Putting information about every unanswered question on a drive all at the same time? That requires a drive that the earth is not big enough to contain. There's too many questions that could exist.
Shit but like what if you found pages and pages of binary code at work one day just printed off and sitting on your desk and when punched in it revealed a bunch of old unanswered questions. But nobody would claim the code.
This reminds me of the thing about how if you give a monkey a type writer he'll eventually wrote Shakespeare.
Live obviously the money isn't going to start writing Shakespeare, but eventually it'll hit enough buttons in the right order to form a word, and eventually Shakespeare.
Obviously the odds are worse than winning the lottery, but I still find it interesting.
MrJed ยท 1 points ยท Posted at 02:31:54 on June 23, 2016 ยท (Permalink)
Obviously the odds are worse than winning the lottery, but I still find it interesting.
Understatement of the century.
[deleted] ยท 1 points ยท Posted at 22:29:02 on June 22, 2016 ยท (Permalink)
I don't understand this. Are you saying the answers are already on the drive?
Khuroh ยท 1 points ยท Posted at 22:33:52 on June 22, 2016 ยท (Permalink)
There are file sharing methods built around exactly this.
Imagine being able to watch/listen to any movie/show/music you wanted just by downloading the right stock images from the internet and putting them into the correct order.
IP owners are worried about torrents? HA!, they don't have the vaguest idea what they are really fighting.
If you think about a digital picture, which is essentially just a panel of colored squares (pixels), you can produce any picture in the world that you want, so long as you know which order to put the colored squares in.
i had a similar thought, except i was 17, so it was more like
"this isn't a picture, it's just 1's and 0's telling the computer to draw a picture. if i could get the 1's and 0's just right i'd have a picture of that chick over there's boobs."
deep thoughts.
resinis ยท 1 points ยท Posted at 23:17:16 on June 22, 2016 ยท (Permalink)
Ive thought about this many times when trying to search for the kind of porn i want. "Dammit, if i just knew the right pattern of 1s and 0s i would be able to get off right now"
[deleted] ยท 1 points ยท Posted at 23:55:54 on June 22, 2016 ยท (Permalink)
Pi is an irrational number, meaning it never ends and never repeats. Within such an infinite decimal exists every possible finite combination of numbers. Within these digits would have your biography, including your first words, your last words, the names if everyone you'll ever meet, a picture of your childhood home, and the details regarding your death. Another place contains the cure for all cancer, while elsewhere it tries what God's favorite flavor of ice cream is. An image of me and you eating pizza on Mars is contained somewhere within the digits of pi. So much potential information spelled out in a number we represent with a single letter, if only we knew where to look.
If you pick the right combo you have the answer to just about everything. You would have the formula's that will give humanity endless energy, and answers to all the big math problems. Only thing is, it is hidden in a ridiculously large amount of combo's.
Llim ยท 1 points ยท Posted at 00:26:44 on June 23, 2016 ยท (Permalink)
There's also a set of 1s and 0s which results in a video of you having sex with your favorite celebrity crush
There's a mathematical construct called the Library of Babel. I guess in your case, it would be the USB stick of Babel. Just imagine -- the proof to P = NP is on that USB stick.
Fereta ยท 1 points ยท Posted at 02:44:48 on June 23, 2016 ยท (Permalink)
Think about this too: an image is just an array of colored pixels. If you could generate every possible combination of colors for each pixel, you would have every image that has ever existed or will ever exist.
That's a cool thing about computers. A given hard drive has a finite number of states. All 0's, all 1's, and everything in-between. That in-between contains every movie, work of art, nudes of Obama, etc. But it's cool that it's NOT an infinite number of states.
Actually you just need to set all the correct bits to 1 to create a document showing you which bits to set to 1 for the thumb drive that would be much easier.
[deleted] ยท 1 points ยท Posted at 06:45:54 on June 23, 2016 ยท (Permalink)*
An infinite number of monkeys typing on typewriters will produce every past, present, and future written document in short order. The problem would be finding the important documents in this infinitely large corpus of gibberish. This sorting task is likely more difficult than bypassing the monkeys and just writing the important document through traditional means.
If you take the combination of all possible positions of the bits on a few megabyte file, somewhere you have a photorealistic picture of Jennifer Lawrence going down on Emma Watson (you'd actually have a lot of them)...
You'd also have a picture of you mother getting dp'ed by Mr. T and Bill Clinton.
tmking9 ยท 1 points ยท Posted at 08:01:37 on June 23, 2016 ยท (Permalink)
Or you formatted your drive and had it filled with random bits, and by lucky chance it now contained PDF files with all the secrets of the universe. Of course you could never verify if everything there is true.
My first thought was actually Roulette at a casino, works out to only need 4 correct numbers.
You got me thinking though, what are the odds of my thought working vs yours?
Assumptions:
My roulette table has no limit, and has 2 "0" spaces (0, & 00) for a total of 38 spaces.
Your lottery has 46 numbered balls, and no repeats (so not powerball - a quick google has shown me that your lotteries have closer to ~70 balls, but I'm happy to be conservative and assume you've found a lottery with less balls.)
The odds of hitting the correct number in roulette 4 times in a row would be
1/38 * 1/38 * 1/38 * 1/38 = 1/2,085,136
The odds of picking the correct lottery numbers would be
Which says to me that you're roughly 4.5 - 62.5x more likely to win the Million on roulette than winning a lottery jackpot (but you're also probably gonna be winning 4.5 - 62.5x more lol).
L1amas ยท 1 points ยท Posted at 13:01:27 on June 23, 2016 ยท (Permalink)
I've spent hundreds of hours on a spreadsheet with all the past lottery drawings and all kinds of complicated analytics to help me determine the best probable outcome of the next drawing. I haven't won (yet), obviously, but I like to think my chance has increased. Even if I increased my odds of winning by 10 times, 10 times almost zero is still almost zero.
Dude the Mega Millions is almost pushing 400 mil now.
[deleted] ยท 1 points ยท Posted at 23:06:35 on June 22, 2016 ยท (Permalink)
Ah, the idiot tax.
TACD99 ยท 560 points ยท Posted at 20:19:14 on June 22, 2016 ยท (Permalink)
There exists a one-time pad that, if applied to this thread, would decrypt it into a detailed description of the actions you need to take to become a millionaire in a day. You just don't know what it is.
If its infinite and non repeating, wont it eventually contain everything though? You may have to go several googlilian digits, but eventually it should have everything, right?
Consider the sequence 1.101001000100001... (that is, each 1 is followed by one more 0s than the 1 before it). That sequence will never repeat, and is infinite, but it will never contain anything other than 0s and 1s, and even then only very basic arrangements of them, no matter how far you go.
[deleted] ยท 0 points ยท Posted at 22:02:27 on June 22, 2016 ยท (Permalink)*
[deleted]
yen223 ยท 22 points ยท Posted at 22:20:46 on June 22, 2016 ยท (Permalink)
They haven't proven that the digits of Pi contains every possible finite sequence.
There are numbers that contain every possible finite list of digits (in fact almost all numbers have this property).
jacer21 ยท 2 points ยท Posted at 23:49:38 on June 22, 2016 ยท (Permalink)*
Think of it this way: given a normal number, if you told me to find the sequence '01230' in it, I'd be able to find it. Similarly, if you told me to find the sequence '0123048363', I'd also be able to find it. Same with '0123048363837326'. The point is, there is no finite sequence that I wouldn't be able to find. Hence it must contain all sequences.
I think an appropriate analogy is the number line. I hope you can agree that the number line contains all possible numbers, even though no complete 'list' of numbers exists. There is no finite number that is not on the number line.
because it's not possible. just like it's not possible to prove gravity exists or evolution is a phenomenon. just because it's a mathematical theory does not make it untrue.
Falsest of all false equivalences. While natural sciences always work with a certain degree of uncertainty with their theories, math never ever does so.
Theories in math are always either absolutely true, absolutely false, or their truth value is undefined.
This is because math works with axioms - statements that are assumed true without argument. Real numbers can be added up because I say so. There exists an empty set because I say so. There is no such thing as negative probability - because I say so.
All mathematical theories are constructed based on axioms like these.
Natural scientists don't have axioms, because unlike mathematicians, they don't get to choose the rules of the world they're investigating. They don't even get to see the rules. Their entire job is trying to guess those rules based on experiments. From a mathematician's perspective, natural scientists are doing the whole thing backwards.
Now, on the subject of pi, you are making the bold claim that it can't be proven whether pi contains all possible sequences of numbers. I'm going to prove you wrong.
You see, when you're claiming the result is unprovable, you're claiming that the result is independent of the set of axioms we use - presumably the real number axioms, complex number axioms, and the definition of pi.
This implies that we are free to decide the truth. We can write a totally new axiom that either says that pi contains all possible number sequences or alternately we can write an axiom that says the opposite: that it doesn't.
And either of these axioms would be consistent with what we know about pi so far, but they'd still add new information to the mix, because otherwise they wouldn't really be new axioms after all.
However, it is clear that the two pis these axioms create would be entirely different. One pi would have all possible sequences. One wouldn't.
So which is the real pi? Because it obviously can't be both. But then, it has to be, because pi was already rigorously defined as one and only one particular number before these axioms ever came along.
We have a contradiction. And the contradiction is a direct logical result of assuming that it's undefined whether pi contains all sequences or not.
Therefore, by contraposition, we now know that pi does indeed either have all possible sequences or it doesn't.
That's really interesting. You know, every time I try to make a mathematical statement on Reddit I get my ass handed to me. I went all the way up to calculus in high school and I thought that was high up but I know nothing about theoretical mathematics. I do know a decent amount about natural sciences from a year in college so far but I didn't realize the difference. The nature of irrational numbers is kind of baffling.
University math is fascinating that way. The first thing they teach you is the concept of the axiom, and how to use them, and only them, to arrive to a conclusion.
The first things you get to prove are usually maddening: they sound obvious, but are really tough to prove with the tiny set of tools you have.
I'll give an example of a typical exercise:
We'll define zero: If a+z=z+a=a for all numbers a, then z is called a zero. Prove that there can only be one unique number out there that has the properties of zero. Ie. if two numbers both are zeroes, they are the same number.
A tough puzzle, huh? That's uni math. If it sounds exciting, maybe see if you could study it.
Switching subjects, since you mentioned the irrationals, you might be interested in knowing that there exists precisely one axiom we can point to that makes them a thing. Without this axiom we'd be like ancient Pythagoreans who only believed in rationals. It's the completeness axiom.
The completeness axiom states the following:
If a non-empty set A has an upper bound, it has a least upper bound.
Sounds obvious, as it should, but it might not be clear how it leads to irrational numbers. Well, I'll give an example.
Presume we have a set, A, that includes all real numbers as long as those reals, r, satisfy the condition that r2 <2. So A is actually the set of all numbers from -sqrt(2) to sqrt(2).
Now, we know that 102 =100 >2, and 02 =0 <2. This means that A certainly has an upper bound, because it is bounded by 10, and it certainly isn't empty, because 0 is included in the set.
Therefore the completeness axiom tells us that the set has a least upper bound. This upper bound happens to be sqrt(2). Because it is the least upper bound, it must exist. Thus sqrt(2) is a real number.
Similarly, as a bit more advanced example, you could prove the existence of pi by creating a sequence, where every nth member is just pi up to n decimal places. So it looks like (Pi)=3; 3.1; 3.14; 3.141;... Now, a sequence isn't strictly speaking a set, but you can make a set out of its members.
Anyway, it is clear that this set isn't empty, because 3 for example is in there, and it has an upper bound, like the number 4 for example. Therefore it has a least upper bound, which happens to be pi. Therefore pi too is a number.
zably ยท 6 points ยท Posted at 22:20:16 on June 22, 2016 ยท (Permalink)
Probably, but technically just because it's infinite does not necessarily mean it contains every possible combination. As an easy example, 0.101001000100001... with the number of 0's between each 1 increasing forever, has an infinite, non-repeating number of decimals, but never contains a "2."
That's trivially false. It's entirely possible to disprove things about infinite sequences. For example, I can disprove the claim that there is any integer n for which every digit of pi m>n is 3, by referencing one of the proofs of pi's irrationality, and then observing that the claim would mean pi is rational.
any integer n for which every digit of pi m>n is 3
There is some integer n, for which every digit of pi m which is greater than n, is 3? Although not true, I don't see how this would require that pi be rational. (Compare: there is some integer n such that every digit of pi m > n is 9.)
Oh, I see what you're saying. I thought that you meant "for every single digit in pi m which is greater than n, m = 3" -- thus my example, which was meant to show that you could formulate a version that would always be true (because 9 will always be greater than any other single digit; n = 8 in this case).
But you're actually saying -- if I read you right this time, heh -- that "at some position > n, all following numbers will be 3", and finding a contradiction from there.
Arnox ยท 1 points ยท Posted at 02:17:31 on June 23, 2016 ยท (Permalink)
We know that Pi to the billionth digit appears completely random: all values from 0 to 9 appear an equal number of times (save for a little deviation) and there is currently no known method to predict the values or find any pattern.
Because of this, it's believed (but not mathematically proven) that Pi is an infinitely repeating collection of random numbers. If this is true, then every single possible combination of numbers will appear, and because we can translate those numbers into letters (1= A, 2 = B), at some point, the encoded ASCII description of how to become a millionaire in a day will appear.
Note that not only will it appear at some point, but it will appear an infinite number of times, given that Pi is an infinitely repeating collection of random numbers.
That would just make you the richest person in the world, not necessarily in history. Unless you have a time machine and you really do mean to kill everybody who ever lived.
Zhared ยท 38 points ยท Posted at 22:55:57 on June 22, 2016 ยท (Permalink)
Until I proclaim that I own Earth, and there's no one left to disagree. Or, is nothing worth anything if there's no one to sell it to...?
[deleted] ยท 3 points ยท Posted at 23:32:02 on June 22, 2016 ยท (Permalink)
I think you're second part is right. Money is only good for buying goods and services right? If no one is making goods or offering services, then in reality you're poor.
[deleted] ยท 1 points ยท Posted at 00:23:25 on June 23, 2016 ยท (Permalink)
I guess that depends on how you measure worth. Technically, if you kill everyone, you own everything that exists on planet earth, which would make you the wealthiest in terms of physical assets that belong to you. Although they would have lost a lot of "value" or use, in terms of no longer being functional because nobody can run anything.
Also, nothing would technically possess any monetary value, because there is nobody willing to pay any amount of money for anything.
zlatta ยท 2 points ยท Posted at 03:10:02 on June 23, 2016 ยท (Permalink)
Who controls the past controls the future; who controls the present controls the past.
If you go by percentages, then you would be the richest in history. Owning 100% of everything is richer than anyone has ever been. And if you're the only one left, then by definition you own everything.
Ah yes, but if everyone else is dead, you can claim the world and everything in it, including all the money. Even the money stuck in vaults would be yours.
Money would suffer extreme inflation if there was no one but yourself selling things on the market. Adjusting for inflation, you would be quite poor even if you stole everybody's life savings.
Could you elaborate? Apparently I don't understand roulette as well as I thought I did.
EDIT: OKAY, I get it, roulette pays out 35:1. This is the key piece of information I was missing. Thank you Reddit; now you can just upvote the thousand other people who explained it to me rather than explaining it anew...
Ecto-1A ยท 57 points ยท Posted at 22:31:37 on June 22, 2016 ยท (Permalink)
Single number bets pay 35 to 1 so first bet of $1 would make you $36, bet that $36 on one number and you would get $1,296 bet all that on one number and get $46,656, bet all that is n 1 number and you would win $1,679,616.
Only problem is that most casinos have a $5,000 max bet on a single number bet, and your odds of picking the correct number out of 36(technically 38 including 0 and 00) four times in a row is more math than I would like to continue doing.
and your odds of picking the correct number out of 36(technically 38 including 0 and 00) four times in a row is more math than I would like to continue doing
1/384 . Or 1 out of 2,085,136. Or 0.00005%. Actually not that bad when compared to lottery odds.
Exactly. And if you don't win off that dollar, it's ok to bet again because you'll GET 35 others if you win which of course you're gonna win the next spin.
Maoman1 ยท 2 points ยท Posted at 03:44:17 on June 23, 2016 ยท (Permalink)
Gambling is fine so long as you decide on an amount to gamble before you even leave your house and never exceed that amount. If you walk in with 100$ and walk out with 0 but had a good time, it's not a big deal. If you walk in with 100$ and walk out having withdrawn another 2000 from your savings account but still having 0 left over... kind of a big deal.
[deleted] ยท 1 points ยท Posted at 01:41:25 on June 23, 2016 ยท (Permalink)
Except at gamble 4, you're getting over $40,000. That's 40,000 lottery tickets right there. Learn to invest, son.
MrBlok ยท 1 points ยท Posted at 03:35:54 on June 23, 2016 ยท (Permalink)
Yes but a lottery ticket doesn't cost you $5000 if you lose
your odds of picking the correct number out of 36(technically 38 including 0 and 00) four times in a row is more math than I would like to continue doing.
You're almost there though! Here, I'll get you started:
1/(38 * 38 * 38 * 38)
i must be the lukiest guy on earth cause ive hit 4x on the wheel and seen others do it as well... arent the odds always 1:38 and not exponential? (american 00)
So one you win the 36$, instead of betting it all.. Would it not make more sense to go back to betting 1$? (You would have 36 chances instead of betting it all)
But then winning once, you're back at $36, where you started.
[deleted] ยท 1 points ยท Posted at 01:52:17 on June 23, 2016 ยท (Permalink)
Most casinos have a minimum inside bet, usually $10. You can bet it all on one number or increase your odds by spreading them over ten numbers to run your math ten times.
That makes me sad to see the numbers. Went to Vegas and hit on 18 three times in a row. I kept $4 on it but didn't let it ride, I think I added a couple after second hit and ended up winning $450 or something. I said 'what are the chances of that? My buddy told me to play red 18' and dealer just said 'are you sure it wasn't black 18?' Bitch.
This weekend in Vegas I saw a guy hit 4 numbers in a row . He compounded his bet partially and was calling the numbers . It was pretty amazing to watch . He ended up going a bit too big going for 5 in a row . He handed a few 100$ chips to the people who watched and walked away with over 30k in winnings.
Icko_ ยท 1 points ยท Posted at 22:35:13 on June 22, 2016 ยท (Permalink)
depending on where you bet, you get returns of 1:1, 1:2, ...., 1:36
So, you'd have $1, then $36, $36*36, and in 4 bets it would be > 1mln
If you bet (lets say $1) on a number and the number is picked by the ball, you get a total of 35 times that amount back ($35, including your original bet).
If you bet (lets say $1) on a number and the number is picked by the ball, you get a total of 35 times that amount back ($35, including your original bet).
There are 37 numbers on a roulette wheel. Say you bet $1 that the ball will land on the number 7. If it does, the casino will pay you $37, because the odds of this event occurring was 1 in 37.
So now take that $37 you just won, and bet on number 7 again. Say you win, now you have $37 x $37 = $1369.
Repeat the bet with your $1369, and if you win, you have $1369 x $37 = $50653
On your fourth bet, if you take the $50653 and guess correctly again at 37:1 odds, the casino will pay $50653 x $37 = $1,874,161
The numbers on the wheel are 1 - 36 and 1 or 2 "0"s.
If the wheel just had 1 - 36, and the casino paid $36 for a correct pick, over time the casino should come out at $0.
As we all know the Casino is a money hungry beast, and it doesn't like trending towards $0, they like trending towards $lots, so they set up the payouts so that they'll pay out a teeny bit less than is probabilistically going to happen.
So they add the extra 0's, but don't up the payout.
So you're odds of winning are 1/38, but your payout is only 36/1 = House always wins.
EDIT: I could see a table having a 1/38, 37/1 setup, but every table I've personally seen is either 1/37, 36/1 or 1/38, 36/1 - I've never seen a 37/1 payout setup at roulette)
I bet on columns. So the way I play is (with this scenario) put a dollar on two columns, one hits, pays 2:1 so I'd lose a dollar but gain 2 which puts me up by $1. Rinse and repeat.
Why would unlimited tables be illegal? Table limits are set by the casino, not by any laws. There are absolutely high stakes tables of every game in major casinos for the high rollers and casinos can typically take any bet they have the cash on hand to cover. So unless you are betting more than a casino has on the premises at the time of the bet (which if you are you should seriously reconsider), then yes, the bet would absolutely be legal.
i'm culturally savvy enough to know this is a hitchhiker's guide to the universe reference (right?) but i haven't seen the movie and have only read the beginning of the book, which my short attention span bored of quickly, ...or wait. nvm, isn't it 42 with that book?
shit i dunno what the ref is broseph lol
anyway, i always bet on 4 or black. also all the bordering lines of 4. and occasionally multiples of 4. i realized long ago that changing your betting patterns is a recipe for hating yourself. if you never change your spots, you can't be too mad for missing. if you switch and miss, well.. fuck my life. lol
also i was born at 4:44 so it makes for an easy choice of a "lucky" number
ah ok. one of the many gaming channels i haven't check out. there are so many that i just stick with the ones i know unless reddit or some other entity convinces me otherwise.
i may be way off the mark, but is that the channel that has james rolfe? i feel like i saw a video years ago or i could easily be thinking of another channel (shit i may be thinking game theorists, which i also havne't watched)
I always bet $2-$5 on (15) and (17), $1 on (0) and (00), then checkerboard the lower 1/3rd on the corners.
The corner bets on the lower third usually hit and offset my bet. This makes the game last longer. I play ot and double ot because i cringe when they hit and i didnt play them. 15 and 17 black have always hit well for me at the roulette tables and playing a few bucks is big money when they hit. When there is a long run of red or a run of black, I'll get in on that high stakes 50/50 action.
This strategy has worked for me more times than not, especially if my 15's and 17's come early. I usually play on the house and call it quits when I've blew what I came in to play (usually $100-200 depending on if my wife is with me). More times than not I'll walk out with around $400 consistently using that strategy.
Also for those intersted, a KISS (keep it simple stupid) strategy is play $5 on red. If you win, pocket your winning chip and rebet your original bet. If you lose, double your bet to $20. Lose again, double your bet to $40, $80, $160 etc. Once you win, you've broke even on your losing steak. Rebet original $5. Win and pocket your profit. I've don't this in Blackjack as well.
"There has to be some sort of combination of words I can use to explain to you.."
-Walter White, trying desperately to explain to his wife how being a meth distributor is OK.
edit: I'm just going to assume that since it takes more than a minute to log into reddit and reach my comment that it's been too long since you all have seen this https://www.youtube.com/watch?v=WzhW20hLp6M
Groundhog Day explored this idea. He eventually found the winning combination to sleep with the girl, but then was unable to repeat it once he knew it because he was trying too hard to duplicate it.
[deleted] ยท 1 points ยท Posted at 01:53:57 on June 23, 2016 ยท (Permalink)
Didn't the movie A Beautiful Mind use something like this when he meets his wife?
Those other things help a lot, but can confirm, I'm ugly as a baboon's behind but faking confidence has helped me hook up with some gorgeous women as well as have a few amazing girlfriends.
I didn't intend to get philosophical here, but simply from experience, a 10 is only a 10 if you put her on a pedestal and worship from below. As soon as you set up a game to go get it, it means you have already convinced yourself she is not outside of your reach, which gives you a serious playing chance, but at the same time that level of admiration is just gone.
which gives you a serious playing chance, but at the same time that level of admiration is just gone.
You can still hold that level of admiration and step up your game. The thing is you also have to bring up the level of admiration for yourself. That is the hard part for some.
[deleted] ยท -3 points ยท Posted at 02:46:27 on June 23, 2016 ยท (Permalink)
Yeah if you're Muslim you could just ask her dad and she would be yours. The western world is so cuck.
That's because most bank robbers don't get near the vault, only the tills. If they had some inside knowledge it is possible to get into the vault where the real money is kept.
I never said anything about anyone's home. I said a heist. That can be anything from a valuable artifact, to gold bullion or anything highly valuable and it rarely includes cash.
wjwwjw ยท 2 points ยท Posted at 10:10:55 on June 23, 2016 ยท (Permalink)
I can get you one but just think about it. A vast majority of bank robbers, walk in, go to a open clerk, ask for the money in the drawer and leave. How much money do you think they keep in a single drawer?
[deleted] ยท 6 points ยท Posted at 22:41:04 on June 22, 2016 ยท (Permalink)
You can steal so much more if you own a bank.
Lyucit ยท 1 points ยท Posted at 22:56:53 on June 22, 2016 ยท (Permalink)
Or just call splitDAO and let the bank rob itself...
minibudd ยท 266 points ยท Posted at 22:15:35 on June 22, 2016 ยท (Permalink)
There exists a string of 1s and 0s that equate to a sex tape of me pounding Scarlett Johansson and Emma Watson.
Davis660 ยท 325 points ยท Posted at 23:05:26 on June 22, 2016 ยท (Permalink)
There exists another string of 1s and 0s that equates to the same thing, except you're missing a finger.
There exists another string of 1s and 0s that equates to a tape of Scarlett Johansson pounding Emma Watson while you cry in the corner facing the wall.
There exists another string of 1s and 0s that equates to what you described, except you are spiders and Scarlett Johansson is spiders and Emma Watson is spiders and everything is spiders and spider spiders spiders.
haxamin ยท 154 points ยท Posted at 23:26:55 on June 22, 2016 ยท (Permalink)
Yall muthafuckers need jesus.
DavidPH ยท 30 points ยท Posted at 23:42:11 on June 22, 2016 ยท (Permalink)
I predict a new wave of trolling when VR porn becomes popular. You're going to download Hot Teen Bank Tellers Gone Wild 32 and some asshole will have edited in millions of spiders right about when you're ready to make a deposit.
noSoupp ยท 1 points ยท Posted at 03:22:34 on June 23, 2016 ยท (Permalink)
There exists another string of 1s and 0s that equates to a tape of Scarlett Johansson pounding Emma Watson while you cry in the corner facing the wall.
There exists another string of 1s and 0s that equates to a tape of Scarlett Johansson pounding Emma Watson while you cry in the corner facing the wall.
When we figure out how to replicate those 1's and 0's exactly, all video (and audio) evidence will be unreliable. Shit, even DNA will be able to be replicated and placed at crime scenes. The futures is going to be complicated.
[deleted] ยท 367 points ยท Posted at 22:17:44 on June 22, 2016 ยท (Permalink)*
The truth is that you are already vastly rich, but you have not realized how. You are part of the apex predator species of an entire planet, with resources unimaginable to previous generations at your literal fingertips. You are almost certainly healthy, well fed and safe from attack. You are probably youthful, with few constraints on your time or movement options. You appear to be imaginative and creative, yet also logical and analytical. With those extraordinary assets almost anything is possible. You can move mountains with your thoughts, solve mysteries with your mind, create kingdoms as vast as the oceans with the conviction of your voice. You only have to choose the path that sets these powers free and harnesses them to your will.
zuqui23 ยท 65 points ยท Posted at 23:22:48 on June 22, 2016 ยท (Permalink)
oh man thats a really good words
gun-nut ยท 3 points ยท Posted at 07:59:31 on June 23, 2016 ยท (Permalink)
That appears to be the long version of what the OP said. The only difference is that he acknowledges the difficulty in what you described as "You only have to choose the path..."
[deleted] ยท 1 points ยท Posted at 08:38:07 on June 23, 2016 ยท (Permalink)
Start with the end. It is hard to build a meaningful path if you do not know the destination. It is also hard to commit your vast wealth of skills, advantages and resources to that path unless the end is a shining palace you desire above all else. So, sit still and look into your mind, use your thoughts as microscopes, instruments to clarify what really drives you, what moves your soul and satisfies you. Then plot your journey. Do not be put off by lack of money or history or context; many small steps also reach the destination eventually.
Technically, he's right.
If you're lucky enough to even be reading this, presumingly from a laptop or tablet, etc, you are already 'richer' & much more well off than most kings of history. And from what I've discovered, way more than most of the humans on this planet, given the fact that many are still well below the poverty line.
But, egotistically, nothing's ever good enough, right? ;)
I am saving this for the next time I need pick-me-up aka the next time I go on Facebook.
[deleted] ยท 2 points ยท Posted at 14:55:54 on June 23, 2016 ยท (Permalink)
If you do nothing else, delete your Facebook account. Facebook does not build your energy, hopes and dreams, it destroys them all in a venomous kiss of despair. It leaves you embattled, insecure and dissatisfied. Delete it, smell the air, open your eyes, flex your mind and use the time you gained to change your life.
[deleted] ยท 1 points ยท Posted at 04:50:28 on June 23, 2016 ยท (Permalink)
Feliks Zemdegs of Australia was crowned this World Champion at this yearโs Rubikโs Cube World Championship by solving the 3ร3 cube with a winning time of 8.18 seconds; he also won the top spot in the 4ร4 Rubikโs Cube and the One Handed 3ร3 Rubikโs Cube competitions (one-handed!?!?!).
Along with the top honors, Zemdegs also received a trophy, a selection of Rubikโs Cube prizes, and $3,000 in prize money,
rauhaal ยท 1 points ยท Posted at 07:27:42 on June 23, 2016 ยท (Permalink)
You're right. I should have done that. Please advise as to how to be born into a wealthy family in the next life.
Funika ยท 1 points ยท Posted at 00:48:56 on June 23, 2016 ยท (Permalink)
The next life is too late. My strategy is to be born and then when I develop a memory/basic cognitive functions - I realize that my dad is a hedge fund manager in Southern California. Instant wealth
Seriously? I know a lot of wealthy families and I feel like they do a recurring trust thing rather than giving a kid that much money at once.
Funika ยท 1 points ยท Posted at 01:24:17 on June 23, 2016 ยท (Permalink)
My father was also a tax lawyer, he did that for a few years before deciding there was more money in funds. He decided that based on his experiment with massive estates that it would be cheaper to give me and my brothers a one time gift.
Trumpโs net worth has grown about 300% to an estimated $4 billion since 1987, according to a report by the Associated Press. But the real estate mogul would have made even more money if he had just invested in index funds. The AP says that, if Trump had invested in an index fund in 1988, his net worth would be as much as $13 billion.
The S&P 500 has grown 1,336% since 1988.
Other billionairesโ net worths have beaten the stock marketโs growth in that time. Bill Gates, for example, saw his grow increase 7,173% since 1988 to $80 billion. Warren Buffetโs wealth grew 2,612% in the same time period, to $67.8 billion.
All I've found is that it's true. CNN fact checked it in October and found it to be true. The only source I see that refutes the claim is the Washington Post, who only states, "Trumpโs claim that he built a real-estate fortune out of a โsmallโ $1 million loan is simply not credible. He benefited from numerous loans and loan guarantees, as well as his fatherโs connections, to make the move into Manhattan." That's it? That's the proof?
Step one.. Launch every nuclear device on the planet.
Step two.. Go to cdc and release every virus, disease, plague they have in storage.
Step 3 hope that is enough
txarum ยท 15 points ยท Posted at 23:28:11 on June 22, 2016 ยท (Permalink)
you could release all the nukes in the world 10 times and life would still live on. even humans would have a good chance of surviving. life is pretty much impossible to get rid of without melting the planet.
zer0cul ยท 29 points ยท Posted at 23:43:51 on June 22, 2016 ยท (Permalink)
Launch all the nukes a million times on the same side of the planet and hope it pushes us into the sun.
txarum ยท -1 points ยท Posted at 23:57:37 on June 22, 2016 ยท (Permalink)
yea thats not gona work. the planet will not stay intact should it get pushed with sufficient force to get pushed into the sun.
zer0cul ยท 13 points ยท Posted at 00:11:01 on June 23, 2016 ยท (Permalink)
Fine then, launch all the nukes two million times, but a little slower.
txarum ยท 15 points ยท Posted at 00:36:23 on June 23, 2016 ยท (Permalink)
okay let's do some math
the combined kinetic energy of earth orbit is about. 3 x 1033 joles.
that is then the energy you need to slow earth orbit down, and let it fall into the sun.
all the nukes in the world have a total nuclear yield of 6400 megaton TNT. that works out to about 2.7 x 1019.
if you where to launch all nukes in the world 2 million times you would then have a total energy output of (2.7 x 1019) x 2 000 000 = 5.4ร1025. about the energy the earth receives from the sun in 10 years.
even if energy was transferred at 100 % efficiency ( definitely impossible ) you are still nowhere near deorbiting earth.
to achieve the energy needed you would need approximately one quadrillion (1015) times all the nukes in the world. Once you take acount to losses in energy transfer the number would be way higher
Technically wouldn't you just need to slow the earth down a tiny bit to the point that it would spiral in?
Ignoring interactions with other bodies (because I'm no physicist, I'm barely an armchair physicist, so fuck trying to factor that stuff in), I'm not entirely sure if the earth would settle in to a slightly smaller orbit, or continue drifting in...
But hey, if my idea works we might've knocked a few orders of magnitude off that required energy amount.
C'mon guys, we can do it!
txarum ยท 2 points ยท Posted at 07:07:21 on June 23, 2016 ยท (Permalink)
no. the earth will stay in orbit until those 3 x 1033 joles of kinetic energy are gone. although now that i think of it, with some very careful planning, you could do a gravity assist with venus and mercury. but it might be a problem getting a good gravity assist without ripping up the earth in the proces.
zer0cul ยท 2 points ยท Posted at 00:38:59 on June 23, 2016 ยท (Permalink)
Well then we had better get to producing if OP is going to destroy the planet. The losses may be made up for by the mass of a quadrillion nukes.
We've actually got a few Scorched Earth plans to totally annihilate all humans from the planet. The largest Nuke, the Tzar Bomba, would only need about 1600 to complete scour the land on Earth clean. That's not Nuclear Wind, that's not Fallout, that's ONLY the true power of the bomb- the area that would be totally stripped clean by a single explosion.
There are estimated over 20K nukes in the world today.
Even so, though- humans, on a nuclear scale, wouldn't be very hard to completely obliterate. I mean, there would be some opposition but if all of America and Russia decided to set aside their differences and JUST end the planet, stopping it would be quite a problem. About 100 Hiroshima-sized bombs would burn through a quarter of our ozone, no matter where they were fired. This, obviously, would be very bad. And, damn I can't believe I forgot the name of this vessel, there have been plans for a total annihilation vehicle that would skip along the atmosphere dropping nuclear fallout across the planet.
txarum ยท 1 points ยท Posted at 06:55:16 on June 23, 2016 ยท (Permalink)
the tzar bomba had a nuclear yield of 50 megaton. the combined nuclear yield of all nukes is about 6400 megaton. or the equivalent of 128 tazar bomba. enough to kill most people on earth, but there is no reason why you could not live in an airtight nuclear bunker
I'm not saying you should, I'm just saying the premise that you could release all the nukes in the world ten times over and life on the surface of the earth would be fine isn't right. If we released all the nukes we have now, no matter where they were, we'd see the end of all humans and most animals.
Just the nukes in America would be far more than enough. Life that doesn't count on solar energy would survive, but definitely not humans. https://youtu.be/qRnU0bqsyq0
kiddo51 ยท 2 points ยท Posted at 23:39:01 on June 22, 2016 ยท (Permalink)
place it in the exact correct positions at the exact right time so that the gamma radiation coming from space alters the virus's DNA and turns it into the ultimate general purpose cell killer
lick the petri dish
Say the right stuff such that you become president of the US this November
Get launch codes and nuke everybody
Ajust toupee
Become head of NASA through perfectly forged resume
Send mission to super-massive asteroid by giving a bombasticly persuasive speech
Push mega-asteroid to earth collision course through your nuclear rocket payload
Mash 1s and 0s on a computer in perfect sequence so that a super-intelligent AI is created
BTC value varies per day. Sure, it can increase in value like the stock market. The opposite effect can happen and it can be worth a fraction of 1 cent.
Well the actual nuts and bolts of it involves a bunch of math and cryptography that's mostly over my head, but the ELI5 version is basically:
The bitcoin system is essentially a group of people with a shared public record of transactions. Anybody may join that group by creating a unique jumble of letters and numbers that obeys some particular math and crypto rules. That jumble is called your bitcoin wallet. Anyone can create any number of wallets (they start with 0 bitcoins in them). When you want to send someone money, you basically take their wallet, your wallet and the amount you want to send, package it into a transaction message, and publish that message to as many people in the group as possible. Those people all individually verify (by checking previous records + some crypto stuff) that you have enough money in your wallet for the transaction to be legit. If they decide it is legit, they will also publish it to everyone they know. In this way, eventually every member of the group will get a copy of that transaction (assuming it's legit). If it's not legit, then eventually everyone will get the information proving it's not legit (by the same system), so the bad transaction will be purged automatically.
There's also also a system for new money to be created (called mining). Subtracting all the hard stuff, it boils down to solving a (very hard) math problem that, if you solve it, lets you publish a transaction from nowhere to your own wallet in the amount of 50 bitcoins, and that transaction will be recognized as legit by everyone else. The fact that it's so hard makes it very difficult to do that though.
So what you saw earlier was someone posting their wallet, and someone else claiming they'd sent a transaction to deposit 21 cents in that wallet. (Although it's not actual cents, it would be some fraction of a bitcoin that is worth that much.)
People like bitcoin for many reasons. One is that it can be entirely anonymous. Your wallet contains no information identifying you as a real person, so no one can track you down just by using it alone. Another is that it's decentralized. There's no single entity (like a country or bank) that holds all the records proving how much money a wallet has, that info is all shared and copied amongst the whole group.
Of course, there are downsides too. For one, in terms of value measured against other currencies it's been pretty unstable, although I'm not sure what's been happening recently.
[deleted] ยท 1 points ยท Posted at 01:07:06 on June 23, 2016 ยท (Permalink)
Start with youtube, there are a fair amount of really good beginner-level descriptions.
[deleted] ยท 7 points ยท Posted at 22:10:50 on June 22, 2016 ยท (Permalink)
He posted the routing address for his bitcoin account, like posting a paypal ID.
Candunc ยท 1 points ยท Posted at 22:09:01 on June 22, 2016 ยท (Permalink)
So, /u/aetherlung wants to make a million dollars, so he is hoping that strangers will donate 1,615 bitcoin to him. /u/andythecurefan sent him a fraction of that, 0.00034451 BTC worth about $0.21.
[deleted] ยท 2 points ยท Posted at 22:10:35 on June 22, 2016 ยท (Permalink)
So, are the sending and receiving addresses permanent, like bank account numbers, or are they created adhoc for each transaction?
Candunc ยท 2 points ยท Posted at 22:13:40 on June 22, 2016 ยท (Permalink)
Not permanent per-say, you can reuse them between transactions. Each person has a set of sending and receiving addresses that theoretically you can track, but anyone can make new addresses to protect anonymity.
[deleted] ยท 2 points ยท Posted at 22:17:04 on June 22, 2016 ยท (Permalink)
So if I have a sending address, and somebody learns it, can they steal all my bitcoin?
Candunc ยท 2 points ยท Posted at 22:21:15 on June 22, 2016 ยท (Permalink)
No, your addresses are protected with randomly generated private keys that are impossible to recreate with our current technology. What I meant is that people can view all the transactions that you have with a specific address.
There are as many potential sending addresses as there are grains of sand on planet Earth, if each one of those grains of sand was another planet Earth with it's own grains of sand.
Ain't nobody gonna stumble upon your sending address.
[deleted] ยท 2 points ยท Posted at 01:11:22 on June 23, 2016 ยท (Permalink)
I didn't mean "stumble upon" as in find it by luck. I meant, "hack into your computer and read it" or "look over your shoulder as you're typing it in."
I mined about 450,000 doge with a single 7970 back in December 2013. I'm glad I never put it on any exchange, I remember when it being listed on Cryptsy was heralded like we'd made it.
And then every single fucking parasite on /r/dogecoin tried to dictate its future ("It's not like gold or silver, it's what you buy your lunch with" Oh fucking spare me.) and in doing so, they strangled the baby rabbit to death.
I can tell you what actions you need to take! And all you need to do is wire me a measly 10k. 1% of what you are going to make by following my simple, easy steps!
There exists a set of finite words that, of I put them in the correct order, would make me have reddit gold for a month. I just don't know what they are.
Edit: Holy fuck I got gold! 3 years on this site and I finally got gold! Thanks stranger! And OP, If I can get gold, you can be a millonaire!
Hell, there's probably thousands of finite strings of bytes that, if sent to the right server, would make you a millionaire in a minute. Tons of stuff has exploits in it, and we don't know what it is until somebody finds it.
tag009 ยท 27 points ยท Posted at 20:29:48 on June 22, 2016 ยท (Permalink)
The knowledge of everything that has ever happened exists somewhere as information that is inaccessible to us. There must be a specific, finite number for the amount of bread crusts that parents have removed from PB&J sandwiches for their kids since the inception of that sandwich as a common lunch item for children, but there is no way to ever know what that number is as it would be impossible to track. Likewise, there is a set amount of knowledge whereby, if I were to be imbued with said knowledge, would instantaneously make me into a champion chess player, but there is no way to get that knowledge from where it exists (books, tutorials, the minds of other chess players, archives, the ether) into my brain. We'll see if technology gets good enough to eliminate this barrier in the future.
I think that kinda defies or at least stretches the definition of "knowledge" as I understand it. Would it be knowledge if no one could know it?
tag009 ยท 1 points ยท Posted at 04:19:44 on June 23, 2016 ยท (Permalink)
I don't know the answer. Can the universe know something? Is knowledge something that exists independetly of the knower? If knowledge is just information, can information exist without being accessed, like digital information? These are the questions.
Can potential knowledge that can never be accessed verified/distinguished from false information be considered to be different than having no knowledge at all?
Reminds me of a joke. The philosopher Sartre walks into a chemist and says, "I suppose you have no potatoes?" The chemist answers, "No, here we have no medicine. You want the grocery next door; it is they who will have no potatoes."
tag009 ยท 1 points ยท Posted at 13:10:32 on June 23, 2016 ยท (Permalink)
Good joke. I'm no physicist, so I am sort of talking out of school here, but if we compare knowledge (information?) to energy, we know that potential energy always has the property of being able to convert to kinetic energy, and therefore produce work. If information has a similar property, we might say that it exists as potential information that might be accessed at anytime to produce work in the brain. I'm pretty much just spit-balling here, as I'm sure many people who are smarter than me have already theorized on this.
pikk ยท 15 points ยท Posted at 21:56:05 on June 22, 2016 ยท (Permalink)
I dunno, I think the amount of bread crusts one wouldn't be that hard.
Peanut butter has only been around since 1895, sliced bread since only 1928, and most importantly, we didn't start having such a high standard of living as to throw away food BEFORE eating it until probably the 1970s or so, as the first generation of baby boomers began having their own kids.
The total population of children has averaged around 70 million each year during that time, and the number of children aged 6-11 has been even more stable, at 24.6 million. source: http://www.childstats.gov/americaschildren/tables/pop1.asp
Here's where the actual guesswork comes in
Some children eat many more, and some eat none at all. I'd say on average a child is likely to eat a pbj every other day. so 24.6 million children (6-11 seems the appropriate age to want a pbj, but be young enough that you don't make it yourself [and whiney enough that you want the crust cut off]), times .5 (one sandwich every other day), times 13,140 (the number of days in the last 36 years) equals 161.622 billion sandwiches.
Figure maybe... a fifth of those actually had the crusts cut off equals my estimate of 32 billion, 324 million, 400 thousand sandwich crusts
tag009 ยท 18 points ยท Posted at 23:08:05 on June 22, 2016 ยท (Permalink)
Okay, that's a lot of figuring, estimating, and straight-up guesswork there. The point was that there exists an actual, specific number that no amount of estimating will ever produce. Sure you can get pretty close, maybe even within a few percent. But even if you did come up with a specific number, you have no way of verifying it short of Jebus himself coming down from the clouds and in his best Ed McMahon voice proclaiming, "You are correct sir!"
pikk ยท 2 points ยท Posted at 12:03:44 on June 23, 2016 ยท (Permalink)
of course you're right
[deleted] ยท 1 points ยท Posted at 23:24:12 on June 22, 2016 ยท (Permalink)*
[deleted]
pikk ยท 1 points ยท Posted at 12:02:28 on June 23, 2016 ยท (Permalink)
I doubt other countries (particularly the most populous ones) keep as good of records of their child population. Although, they probably don't eat many peanut butter and jelly sandwiches either.
[deleted] ยท 1 points ยท Posted at 20:23:06 on June 23, 2016 ยท (Permalink)
Bit harsh on the OECD don't you think? Although I agree that PB&J is a mostly US thing.
I've seen a Borges' "Library of Babel" reference somewhere in the thread, I'd highly recommend the short story in case you haven't read it.
tag009 ยท 1 points ยท Posted at 23:54:39 on June 22, 2016 ยท (Permalink)
I'll check that out.
[deleted] ยท 1 points ยท Posted at 09:11:29 on June 23, 2016 ยท (Permalink)
Even if you were to somehow obtain all existing knowledge of some particular field such as chess, this does not guarantee you riches. You still need to compete with others that possess similar (if inferior) knowledge, you need to make some considerable effort, and you need to have reasonable luck in your endeavour.
Knowing tomorrow's lottery numbers, as an example, is a wholly different thing. If you did know this then with only minimal effort and very minimal risk would you be able to become fantastically rich (if the lottery is worth a damn). The problem with this is that unlike historical knowledge of chess, the lottery numbers is future knowledge, it doesn't actually exist yet. Absent cheating it is therefore unknowable and even if you somehow knew everything there is to know you would not know this because the information doesn't exist to be known yet.
tag009 ยท 1 points ยท Posted at 13:01:36 on June 23, 2016 ยท (Permalink)
No, nothing would be guaranteed other than the fact I could play chess really well, so it would be up to me to use that knowledge/ability to my advantage. As far as we know, foreknowledge is not possible, although there have been some indications in quantum physics of the existence of retrocausality. Perhaps one day technology will advance to the point where we can determine lotto numbers prior to their being drawn (highly unlikely), but of course if everyone had this ability, it would render the lottery, and other games of random chance useless.
[deleted] ยท 19 points ยท Posted at 22:01:26 on June 22, 2016 ยท (Permalink)
Gotcha covered! Just press โ โ โ โ โ โ โ โ B A START. You should be able to modify your MONEY value directly from the debug screen.
_Keldt_ ยท 3 points ยท Posted at 23:20:12 on June 22, 2016 ยท (Permalink)
Here is the thing, Millions, no Billions of people will get up tomorrow and do the exact same thing that they did the day before. And thats cool. The world depends on them to do so to keep things going. A very small minority of them will be in a proximity to attain the kind of money you talk about.
Here is the thing. If they all got up and made the same choices to become millionaires, the world as we know it would end. No one would go to work the day after. Farmers wouldnt Farm, Bakers wouldnt Bake, Teachers wouldnt Teach and Dentists wouldnt Dent.
So lets look at it like a logic tree. You want to follow the right paths, but you want those paths to be unique to you.
And that leads us to the second half of the equation. If what you did yesterday didnt make you a Millionaire, then obviously you need to do something different tomorrow. This is where it actually gets easier. So we have eliminated that doing what everyone else is doing wont make you rich. You have to do some things unique to you that actually put you in the pathway to riches.
So when you look at it like that it narrows it right down. Find the things in your life that get you closer to riches and create a logic tree. Start filling out a spreadsheet and eliminate one by one the things that dont work. Before you know it you'll be where you want to be.
It's about the mindset, man. You gotta save money. Rome wasn't built in a day. Wealth and financial independence most likely isn't going to fall from the sky.
You don't have to eat lentils every day. You don't have to eat lentils ever, if you don't want. That sub is all about making smart financial decisions and getting away from having to rely on others for your financial well being. It's about living within your means, saving aggressively, and having your money do the work for you.
Very very few people just wake up rich one day. Throw enough rocks in a pile, and eventually you'll have a mountain.
The fact remains that in a community supposedly devoted to amassing wealth, the content there is about eating the cheapest food that won't make you sick.
That's like saying you're more likely to fill an Olympic swimming pool by not pissing in a toilet.
I don't get it (I don't know how to pronounce urine and/or trist apparently)
[deleted] ยท 2 points ยท Posted at 04:04:05 on June 23, 2016 ยท (Permalink)
It was supposed to sound like "your interest," playing on compounding interest, which over a person's lifetime could allow them to make more money than they knew they could
It's the same thing with scoring with a beautiful lover. There is a specific set of things you can say that will entice them to hop in the sack with you. The trick is knowing what that is and understanding that what works for one will not necessarily work for another.
kiddo51 ยท 3 points ยท Posted at 23:47:05 on June 22, 2016 ยท (Permalink)
That's not necessarily true. There are plenty of people who I wouldn't sleep with regardless of what the say or do.
First, you must go to the nearest subway and order the "2 chains special"
Next, you must run to the nearest bank. No cars allowed. Running only. Walk up to the first tender and throw this subway at their face. While they are distracted, shout out Give Me The Money, then leave quietly.
A man wearing a green t shirt will approach you. Kick him in the balls. This is the sign. He will give you directions to a warehouse.
Once you arrive, grab the controller in the center of the room. Sit in the chair provided and play the mission "No Russian" and be sure to slaughter all the civilians
In the farthest left corner of the first room you will find a note. Pick it up and do not read it
Go back to subway and order a footlong on white bread, covered in Mayo. Toast and eat it.
Another man will approach you, disguised as Hillary Clinton. It will begin describing to you the classified emails that were leaked by Hillary.
Deliver these to the bank teller you threw the 2 Chainz special at, and he will take you to the back.
You will then receive two suitcases containing one hundred million dollars. Congratulations
he lost $4 mil in 1 session to brian hastings. the swedish government also wanted to tax him on all money he WON not profited. so if he won $200 million and lost $194 they wanted to tax him on the whole $200 million.
pikk ยท 1 points ยท Posted at 12:05:25 on June 23, 2016 ยท (Permalink)
well that's fucked up. Although... if they explained that before you started playing, it would be an effective deterrent on gambling.
If you click on the play button of the $1,356,947 pot on the right under all time, you will see the largest pot in online poker history. Over 600k$ going in the middle!
[deleted] ยท 0 points ยท Posted at 03:18:55 on June 23, 2016 ยท (Permalink)*
You know what some of them are. But I assume part of your premise is that your are a millionaire for more than just 1 day and don't end up dead or in jail.
Risk / reward.
I'm just in it for learning, and I've learned lots. When i was mining it, so much fun. Not like i ever made anything, still heaps of fun though.
[deleted] ยท 2 points ยท Posted at 23:30:53 on June 22, 2016 ยท (Permalink)
You bank account would have a million bucks but you wouldn't be a millionair since that's determined by your net worth and you'd have a million dollar liability that you have to bay back that balances out the million dollars of assets in your bank account
aesu ยท 2 points ยท Posted at 04:44:44 on June 23, 2016 ยท (Permalink)
Rich dads tend to be fairly forgiving about paying loans back.
[deleted] ยท 1 points ยท Posted at 02:36:09 on June 23, 2016 ยท (Permalink)
Get a job. Work hard for promotions. Put 15-20% of your check into a 401k account. Save to buy a house and build equity instead of renting. Guaranteed in 35 years for retirement you will have millions in cash and a fully paid off house. It's not complicated
Sure it's "not complicated" but the thing is life doesn't play around. Random shit will come up in your life that will throw you off track. If being a millionaire was as easy as doing those things why wouldn't everyone be rich?
People value current spending more than future spending and are lazy. My company literally can not find enough people to fill entry level positions that require no college, pays $15 an hour, offers medical, dental, 401k matching, a pension, paid vacation, yearly bonus, tuition reimbursement for people going to school, pays for extra training an licensing, and tons of promotion opportunities. people are lazy though and don't want things if it requires 8 hours a day of work :l
Every investment firm ever will give you the option to have them automatically move funds into secure investments as you get closer to retirement. Worst case scenario you push retirement back a few years to allow for a recovery. Put it in a 2055 mutual funds account and you are all set.
Housing market has fully recovered from the crash and pushed past previous levels. Rates are lower than they have been in decades. Gov offers grants and low, down payment loans, and low rate loans to first time buyers. It has literally never been easier to get approved for a home loan than at any point in American history. You don't need any comparable mortgage or even installment experience.
Student loans are a bummer but that means you drive a used clunker instead of buying new for a while.
You host a bitcoin miner. Bitcoins by the way are a cryptocurrency, backed by math instead of gold. A bitcoin miner is a computer that performs the math needed to make a bitcoin. Your miner is set just right in the way that produces 1,684 bitcoins. At the time this was posted, เธฟ1,684 โ $1,000,000.
[deleted] ยท 2 points ยท Posted at 02:44:25 on June 23, 2016 ยท (Permalink)
Black, red, black, black, red, black, red, red, red, no bet, red, black, black, red, red, black.
Start with $100 at the roulette table, let it ride every time.
You're welcome for the roughly $1.6 million.
Oznog99 ยท 3 points ยท Posted at 00:09:46 on June 23, 2016 ยท (Permalink)
Then the casino's mob owners murder you
[deleted] ยท 2 points ยท Posted at 00:06:03 on June 23, 2016 ยท (Permalink)
1) Open a foreign exchange trading account
2) Buy British Pounds to the US dollar (gbp/usd) in the hopes that Britain will vote to stay in the European Union tomorrow.
3) Profit, a lot
[deleted] ยท 1 points ยท Posted at 10:32:48 on June 23, 2016 ยท (Permalink)
The foreign exchange is the currency market. Britain is coming on whether or not to leave the European Union today which is going to have a major impact on the value of their currency.
Step 2: take a photo of the kid sleeping or going to school or whatever through a gubsight.
Step 3 write down a bank account number in Lichtenstein on the photo with a dollar amount and a time and date on it.
Done.
Step 1: find a bald kid.
Step 2: have the bald kid pretend to have cancer and make a wish foundation some superstar to sign a bunch of memorabilia before a big game and make it a huge news story.
Step 3: fake the kid's death, sell the swag...
There are so many ways to get rich it's insane. The reason most people don't do it is because 99% of them are illegal, immoral or unethical.
I've thought the exact same thing about me having sex with Jennifer Lawrence. It's not impossible, it's just highly improbable. Somehow, there is a set of steps I could follow to have sex with her, I just don't know what they are.
This in general a great shower thought though, in that its stimulating even more shower thoughts! What other outcomes are possible if only we did the right steps? What isn't.
What if those actions conflict with someone else trying to become a millionaire??? Oh right that kinda explains how economics works
[deleted] ยท 2 points ยท Posted at 06:16:22 on June 23, 2016 ยท (Permalink)
What would be the best way for someone to learn this trade?
It's a fun thought but it's wrong. Reality is probabilistic, not deterministic. So the "set of finite actions" that will make you a millionaire are't fixed. You can't observe the outcome of the lottery, "go back in time", pick those winning numbers and expect to win. Trillions of trillions of trillions of microscopic events would have to happen in the same way for that same outcome to occur. And they very likely wouldn't.
Right, but the actions to pick the right one still exist. You can go into a gas station, tell them you want "26 43 17 57 14 PB: 8" and if it's correct, you get multiple millions of dollars.
It is physically possible for him to go to a gas station, say those things and receive the ticket. The only barrier is knowledge - which numbers will be chosen.
This isn't about time travel, just the fact that there are nearly infinite paths to wealth right in front of us, but we just don't know what they are.
Nope:) You can't know the future, even if it's "already happened".
It will almost always happen differently in such a way that the original probability will be recovered!
The odds of "26 43 17 57 14 PB: 8" wining are always the same, irrespective of what you think you know about the outcome!
But you're assuming that making the action determines the future that hasn't happened yet. The simple fact is that there is a set of numbers that, if chosen, will yield hundreds of millions of dollars.
Selecting or not selecting them does not affect the fact that exactly those numbers and no others will be selected. Period.
Your actions simply determine if you receive the money or not. The choice and winning numbers are mutually exclusive.
The simple fact is that there is a set of numbers that, if chosen, will yield hundreds of millions of dollars.
There isn't though. The reason it seems there is: you're at a party, some dude's telling a joke, you've heard it before, therefore knowledge has allowed you to see the future, you know exactly what happens next.
You conclude that knowledge therefore has the quality of primacy, externality . So if you were simply able to achieve god-like knowledge of all past events, you could extrapolate and so "fix" the future. It bugged even Einstein that this is impossible. Even god can't predict the future.
Go to a nearby stairwell and do this. It WILL work, I have tried.
Start on the Bottom floor and then going Up 1 Step, Up 1 Step, Down 1 Step, Down 1 Step. Then stop and move your entire body Left 1 Foot, Right 1 Foot, Left 1 Foot, Right 1 Foot.
Then yell at the top of your lungs the letters B then A.
whatever do you mean?? nervously avoids eye contact
no I was just curious because I've been wanting to do the same for a while, and can't really figure out if it's better to manufacture myself or try to find someone to import from.
A buddy of mine bought $1000 worth of bitcoin back when it was fairly low. He sold part of it for $700 a while back, with what he has remaining, it's worth roughly $13,000
I sold my 50 bitcoins back when it made me 30 bucks. At the peak of bitcoins it would of netted me $60,000 bucks. I'm kicking myself in the ass for selling them for weed money when I could of made a substantial down payment on a house if I had held on to them
There exists a set of finite actions that, if I performed them in the correct order, would make me a millionaire in a day allow me to do anything possible under the laws of physics. I just don't know what they are.
So let's say there was a potion one could take that would allow them to achieve a single objective by seeing through the fabric of the universe to reveal the necessary steps to achieve objective "x".
"x" could really be anything. If this were a one time use "potion", wouldn't it make more sense to do something more significant for humanity? Something that might ultimately make you rich, but more importantly, solve a huge problem affecting our species as a whole. Even if you chose to use the "potion" to become a fascist super-villain, that seems like a more effective use of the power.
if you went the millionaire route, you would ultimately invest the millions of dollars indulging in the same predictable, baser behavior that was keeping you from ultimate success in the first place.
TL;DR If you made a million, you'd probably still be a douche. Determine finite set of actions to do something better.
Oh ok. I was thinking about physical limits like... how many tasks could he physically complete in the span of 24 hours without dying/passing out from sheer exhaustion.
[deleted] ยท 1 points ยท Posted at 22:37:25 on June 22, 2016 ยท (Permalink)
I was thinking along the lines of illegal/legal premise. Nothing "extra human" like flight or invisibility but just that, doing the right step of things, could make you a millionaire in one day.
For example...you find a boat full of Chinese immigrant workers. You know that there's only 2 crew men on board that can be easily "taken care of" and the buyer doesn't know what they look like so when you show up to sell all these people you just take the money.
Extreme example and it would require a lot of knowledge outside of what you'd know normally but just stuff like that.
I don't know if that's finite, but I'd believe it if there was a countably infinite number of paths to become a millionaire.
[deleted] ยท 1 points ยท Posted at 22:35:49 on June 22, 2016 ยท (Permalink)
I highly doubt that, even if you"knew" which actions to take, would you have the experience to carry them out correctly?
For example, imagine robbing a bank (or series of banks) may get you to your million, however you likely lack the neccisary skills to properly do that and get away.
Arowx ยท 1 points ยท Posted at 22:41:08 on June 22, 2016 ยท (Permalink)*
OK hack into your bank account and run this code once...
float balance = GetBalanceFor(<account number>);
balance = (balance + 1f) * 106;
SetBalanceFor(<account number>, balance);
Towerss ยท 1 points ยท Posted at 22:42:13 on June 22, 2016 ยท (Permalink)
As a kid I fantasized about a superhero whos only power is to know exactly which steps and decisions to make to ensure a certain outcome.
The hero knows how to win any fight, make any number of money, control any politician, and so on, as long as there exists a possibility of that happening.
The number of actions in that set changes with time, so is not finite at any one point in time. If you take a certain number of those steps to arrive at a future point, then there are multiple sets of steps which could have lead you to that point, and the 'shortest' set of steps will be determined by the way in which you reach the destination; millionaire status. So there are infinitely many sets of possible actions; all the possible sets that lead you to your current position. After you reach the destination point, there is a finite set of actions which you have already taken, but before you take them that set does not exist on its own, i.e there is an infinite number of actions which lead you to finding the single finite set, which cannot be separated from that finite set. So you don't know what they are, and they cannot be known.
I always thought about this when I was getting yelled at by my mom as a little kid. "There exist a series of words and actions I can say/perform that will make my mom not mad at me. I just don't know what."
[deleted] ยท 1 points ยท Posted at 22:47:45 on June 22, 2016 ยท (Permalink)
Typing Satoshis private key would do it.
rrawk ยท 1 points ยท Posted at 22:48:55 on June 22, 2016 ยท (Permalink)
my thoughts while programming. if i just press these keys in the correct order...
[deleted] ยท 1 points ยท Posted at 22:50:31 on June 22, 2016 ยท (Permalink)
Let's just say I have a friend who saved up money every year for 30 years in a few balanced mutual funds and now has slightly over 1 million dollars. It's not worth what it used to be.
I don't think "finite" is the correct term, because anytime you're talking about large sums of money, there's always going to be an element of risk or chance in the earlier actions, and the outcome of those earlier actions is going to greatly influence your later actions.
Technically, there isn't a "finite" set of options because of quantum theory; -- just a probability between zero and one.
Edit: however, I suppose if we refer to our brains as material, -- a finite material that participates in free will, -- then I guess that makes us limited to a set of finite actions that approaches infinite; -- still finite, nonetheless, like any processor: limited by its circuitry in an expanding universe.
MQ2000 ยท 1 points ยท Posted at 23:01:45 on June 22, 2016 ยท (Permalink)
Several of them involve being compensated for horrible maimings; but if you actually settle those in the same day chances are you could have got more than a million by going to court. Good luck! ;)
Levelis ยท 1 points ยท Posted at 23:13:31 on June 22, 2016 ยท (Permalink)
All you need to do is email a very wealthy person their exact thoughts and scare them into giving you money. You could probably do it in under an hour.
There exists a set of keys on your computer and mouse movements/clicks that when performed in the correct order can get you access to top secret government data. But we just don't know the right keys to press and spots to click.
A set of finite actions that would have to be completed so rapidly so as to make you a millionaire in one day would most likely have a high risk factor associated with them. In the real world if you're making just 15%-25% anual profit your a big success. So while they may or may not work for you, (and you may have to break the law or kill or rob someone to accomplish this goal), they definitely would not work for everybody.
1 - Find odd Arabian-styled bottle on the beach.
2 - Release Jeannie within.
3 - Wish for a million dollars.
4 - Avoid NASA psychiatrist so you can retain your astronaut job.
5 - Profit!
Well for most people who got rich circumstances were a huge factor even for the ones that got from poor to rich. But yeah, the action of picking the correct lottery numbers would be enough I suppose.
bzzzztf ยท 1 points ยท Posted at 23:25:11 on June 22, 2016 ยท (Permalink)
A day?! You can do it easily in one second. And it's pretty much a sure thing.
Step 1. Accumulate $99,999,999.99. Take as long as you need.
Step 2. (This is the part that accomplishes the goal and yet only takes a second) Steal a penny from one of those 'leave a penny' jars at the checkout counter. Or find one on the street.
[deleted] ยท 1 points ยท Posted at 23:25:23 on June 22, 2016 ยท (Permalink)
Yes, sure there is! Just follow my easy guide on how to become a millionaire with Binary Stock Options Free Online Money Maker System! No money required! Make millions in seconds with my free secret only to my clients. This is a new method that no-one has made before!
If you tapped on your phone screen right now in the right places in the right oder you could place winning bets online and become a million in a matter of minutes without even getting up off your couch
go to vegas, and put 1 dollar on the correct roulette number, pick the next 4 in a row, voila, 1.87 million dollars. you could be done in less than 10 minutes.
One of the (legal) methods would be to start a kickstarter where it is extremely successful. You make clear to your audience that you'll keep the money, but everyone on the internet is sympathetic to your cause.
This would make a great "Groundhog Day 2" premise. Basically you'd have to make over a million bucks in 24 hours to break the spell.
I think my initial focus would be in Vegas. I'd start a two fold attack. One on the tables and slots. The other on the rich women there. Sooner or later I'm going to either hit it big gambling or I'm going to find the right rich lady to get drunk and marry me at one of those drive-thru alters.
[deleted] ยท 1 points ยท Posted at 23:28:06 on June 22, 2016 ยท (Permalink)
There is also the possibility that if I randomly bounced a tennis ball on my keyboard for an indeterminate amount of time I could type out the exact steps you need to take.
It's like a jigsaw puzzle where every piece is the same and you must complete it upside-down. Only when it's done will you be able to look back and see where you went wrong.
mjmax ยท 1 points ยท Posted at 23:42:29 on June 22, 2016 ยท (Permalink)
The universe in non-deterministic, so not necessarily.
Dean7 ยท 1 points ยท Posted at 23:50:56 on June 22, 2016 ยท (Permalink)
Those actions are documented in the Library of Babel.
(It's a procedually-generated library with every possible combination of words.)
If you find the right book, let me know.
[deleted] ยท 1 points ยท Posted at 23:51:10 on June 22, 2016 ยท (Permalink)
oh also, you'd be surprised how much saving a little bit of money and not spending it turns into an interest accruing monster.
Sounds to me like you want the path to victory power from Worm (a power that allows the user to be given a step by step plan to accomplish damn near anything she wants). Just ask how to legally make a few million dollars without any harm coming to yourself and bam, off you go.
True, they exist in the sense that you could conceive of them, if only you knew what they were. Not knowing them is only a result of the desired outcome being uncertain.
Fly to Vietnam: withdraw 1,000,000 from an ATM .... Game Over.
[deleted] ยท 1 points ยท Posted at 00:25:04 on June 23, 2016 ยท (Permalink)
What you say is not true, OP. Becoming "rich", or should I say materially prosperous, isn't really possible in one day. Unless you're born into a wealthy family, then what I"m about to say might hurt your ears. HARD WORK is the only way. That's right. Hard classic, mother-fucking, work. Most Americans don't wanna hear that to be "successful" takes hard work. But that is the truth!
There actually exists an infinite set of actions which would make you a millionaire in a day.
I suspect that the illegality of those actions would be approximately inversely proportional to some power of their number, provided that your definition is tied to a reasonably stable currency (e.g. USD). Otherwise, just pick a weak number and enjoy your zeros...
[deleted] ยท 1 points ยท Posted at 00:28:11 on June 23, 2016 ยท (Permalink)
well i'm here to let you know what those are. But you have to come into my office, my lawyers said it's too risky for me to tell you over the radio. So don't waste time, come here and give me all your money....Oh shit, i mean learn how to become a millionaire TODAY!
JUMPIN4 ยท 1 points ยท Posted at 00:40:53 on June 23, 2016 ยท (Permalink)
Think of what everyone wants or needs then make it and make millions: entrepreneur. Have an amazing day
totally disagree with the premise, if you started with zero dollars, the only action i can ever theorize on would be to work for cash somehow and then take that cash and buy a winning lottery ticket, that action would be it, but buying a winning ticket is not a finite action. This predisposes the use of crime such as robbing a bank etc.
[deleted] ยท 1 points ยท Posted at 00:50:19 on June 23, 2016 ยท (Permalink)
Where do I get this game? You make decisions over a day (real time) and if you choose correctly you become a millionaire if not the game ends and begins anew tomorrow....starring Bill Murray.
Imho, the easiest way to become a millionaire is to be born one. I learned in college 10 years ago that in the US, 95% of people die in the same socio-economic class they were born in. With austerity on the rise that statistic may have increased. But aside from that, it's mostly dumb luck with a little bit of who you know and maybe some hard work, maybe.
[deleted] ยท 1 points ยท Posted at 01:08:29 on June 23, 2016 ยท (Permalink)
That's gonna drive me crazy...
LSeww ยท 1 points ยท Posted at 01:08:39 on June 23, 2016 ยท (Permalink)
Echo47m ยท 1 points ยท Posted at 01:10:17 on June 23, 2016 ยท (Permalink)
Equally depressing, as you sit wherever you currently are, reading this comment, remember: Everything you have ever done in your entire life.. has brought you to this moment.
Defavlt ยท 1 points ยท Posted at 01:40:19 on June 23, 2016 ยท (Permalink)
Ever heard of the library of Babel?
It's got an algorithm that can generate all possible permutations of lower-case letters (A-Z), space, period and comma. I can't remember exactly how many characters per permutation, but I believe it's a crazy amount.
I wish that i agreed with you but wouldnt there be a hard limit to what you could archieve within yoir lives. Would it be that whatever u do, you simply couldnt be a millionaire? Just raising questions.
A million in a day? Maybe if you're a hot girl and you do a lot of depraved acts to some perverted billionaire.
[deleted] ยท 1 points ยท Posted at 01:53:03 on June 23, 2016 ยท (Permalink)
Cognitive dissonance is the plague of the human condition. You know exactly what you need to do - study ahead of time, ask that girl out, network for that job - but you don't do it. Immediate gratification (porn, video games, TV shows, sleeping) is a drug.
You should follow the Trump example: Be born into a family of multi generational swindlers.
[deleted] ยท 1 points ยท Posted at 02:05:52 on June 23, 2016 ยท (Permalink)
On just about any given day there are stocks with options, and those stocks spiking or crashing double-digit percentages. Buying puts or calls on the underlying could make you a millionaire on one trade with $10,000 at risk... if only you knew which stock was going to do that. It's often some drug company that either gets approval or doesn't. Total crap shoot unless you're doing something illegal.
xaladin ยท 1 points ยท Posted at 02:11:44 on June 23, 2016 ยท (Permalink)
Yep, and I need some kind of drug like in Limitless or Lucy that shows me the path.
CTU ยท 1 points ยท Posted at 02:12:41 on June 23, 2016 ยท (Permalink)
dczx ยท 1 points ยท Posted at 03:12:06 on June 23, 2016 ยท (Permalink)
Zelazny talks about a realm invoked by "walking the pattern" It is the key to the very fabric of existence as well as what defines the royal family who is intimately tied to it.
"There exists a set of finite actions that, if I performed them in the correct order, would allow me to fly (without machinery) in a day." Maybe some other universe has a different set of rules to allow it to happen given the constraints, but in this universe, flying by myself wouldn't be possible.
The same goes for your set of constraints. It might be possible in this universe (I'm not a time/space/spacetime/universe lord/master/guru/whatever), but very unlikely nor can you say with a certainty that it is possible.
Not only your actions, the actions of countless other individuals would also impact your outcomes... Individual probabilities multiplied and hence overall outcome probability reduced
Similarly, I always see people much less intelligent than myself making a lot more money than I do. I have always wondered what the secret to being over paid is.
lxlqlxl ยท 1 points ยท Posted at 07:18:03 on June 23, 2016 ยท (Permalink)
There are a few possible reasons... Who you were born to, like winning the genetic lottery, and or financial lottery. Your family ties and everything that goes along with it. It can also be by who you know, and who you blow. The rest pretty much boils down to luck in other ways, like what situations and circumstances you find yourself in at different points of your life. What opportunities you take, what you pass up, etc.
Seeing as we cannot with absolute certainty predict the future, you could come to two opportunities, the first being the clear better choice as it offers the best results as you see them, but that could easily fall through and the second option could eventually pay off a hell of a lot more than the first.
[deleted] ยท 1 points ยท Posted at 06:12:10 on June 23, 2016 ยท (Permalink)
On a darker note, there also exist a set of finite actions that, if performed properly, could indirectly kill you in the future, whether it be a matter of days or decades.
[deleted] ยท 1 points ยท Posted at 06:13:57 on June 23, 2016 ยท (Permalink)
Eji1700 ยท 1 points ยท Posted at 07:33:40 on June 23, 2016 ยท (Permalink)
Actually I think it's somewhat interesting that it's possible, depending on your position, that there isn't a way to become a millionaire in a single day simply due to how the movement of money and most other options has significant enforced delays.
Although I suppose if you're anywhere where gambling is legal something like 20 correct bets on a roulette wheel should do it.
well not in a day but if you have 50 years r/personalfinance likes to think so too
sh41 ยท 1 points ยท Posted at 07:35:07 on June 23, 2016 ยท (Permalink)
There are many such sets, but most of them would involve you gaining the money at the expense of someone else losing it (e.g., steal, win a lottery or gambling, stock market, etc.).
I'm more interested in sets where you actually create value of that amount, in a day. It's probably still possible (e.g., maybe building some technology from far future), but much harder.
3) Invest in simple funds (index funds will do) or a house
4) Wait
The truth is, you'll be a millionaire before you retire. The shame is inflation has brought that title down the point that anybody that owns a house in a major city these days is a millionaire. Also you'll need that money to live the rest of your life off of.
Put every dime you can beg, steal or borrow on a "short" position in a volatile currency. If you're right, you become George Soros. If you're wrong, well....
Assuming these actions are written down in a Word file and all the information you need is written in a single sentence (about 15-25 words); then your potential million dollar payday is hidden in a document of 14.8 KB. Now 14.8 KB is 118400 bits. Bits can be either a 1 or a 0. Using this information, we can easily see that all of the possible bit outcomes are contained within 2118400. So our single outcome would be 1/(2118400) or very roughly 1.12x10-35642. So ultimately you have a 1.12x10-35640% chance of seeing the key to success.
tling ยท 1 points ยท Posted at 23:01:09 on June 22, 2016 ยท (Permalink)
There probably is, though, if is American and near a computer. Be thankful for your opportunities! For many people in this world, there is no way. People in countries without a lottery. People without the skills to rob a bank. People in a nursing home or prison.
It's great to start a business. However, it's not a fix-all solution nor should it be. Most businesses fail. For those who are cut out for it, it can turn out, but even for those who are cut out for it, they certainly don't all become millionaires.
I work/worked for at least seven people who have started their own businesses, none of them became millionaires or even became wealthy. They don't regret it because they love their work but it's not a sure-fire way to get wealthy.
If you want to become a millionaire that's your best bet. You won't become a millionaire working for somebody anytime soon. Maybe if you save for 40 years but who wants to wait until they're old until they get rich?
Reminds of another shower thought. A 1080p screen has 2,073,600 pixels. There is a finite combination and sequence of pixels lighting up that can show you your entire future, whether 5 minutes from now or 30 years, still a finite combination.
Working hard and working for yourself dramatically increases the probability you will make millions. Almost no one wins the lottery, the stock market is a form of gambling. Bet on yourself and work your arse off and by the time you are 40 you will have your millions or you will have realised that money is not that important to you. good luck.
Cometzz ยท -1 points ยท Posted at 02:11:45 on June 23, 2016 ยท (Permalink)
Ooh! I know what the actions are!
If you're in America, you can easily get a gun because of our shitty gun control laws, so get one of those. Then get a ski mask and gloves and go to your local bank. You just walk in the bank with the ski mask and the gloves on, carrying the gun. Then, you ask for all the money they have and they'll give it to you!
Cometzz ยท 1 points ยท Posted at 05:27:50 on June 23, 2016 ยท (Permalink)
To be honest I hate when people do shit like this, especially on Reddit. So after this comment I would generally delete my post except I still like the general idea.
Just point out how they consider there to be a meaning of life, and how that's ridiculous.
[deleted] ยท 0 points ยท Posted at 02:39:29 on June 23, 2016 ยท (Permalink)
Go to a bank
Rob it
???
Profit
[deleted] ยท 0 points ยท Posted at 02:48:45 on June 23, 2016 ยท (Permalink)
Step One: Go to college
Step Two: Go to med school
Step Three: Become a doctor
Step Four: Work your way to a million dollars+
Roughly four steps, but who's got the time/energy for that shit?
[deleted] ยท 2 points ยท Posted at 03:39:07 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 1 points ยท Posted at 04:44:41 on June 23, 2016 ยท (Permalink)
With enough luck or brains sure. But that is one of the "simplest" ways.
Oznog99 ยท 0 points ยท Posted at 02:51:52 on June 23, 2016 ยท (Permalink)*
8:47AM: 13272
10:12AM: take the square of your age, count down to the nearest prime, then add the remainer you get when you divide the number of days since August 12th, 1998 by 17. Figure out which direction is Kent, Washington, call that 0 deg, and take the number you have and use that as deg from 0. Walk in that direction.
1:13PM: the first person you see wearing green, if your nearest living relative is female. If male, go with blue. This person will be critical. Good luck.
2:43PM: Don't go for it. It's a trap.
5:02PM: search reddit for your middle name. Do whatever the 3rd link might suggest.
Kraz_I ยท 0 points ยท Posted at 03:53:05 on June 23, 2016 ยท (Permalink)
OP, I'm wondering if you study[ied] math or logic in university because you're talking in terms of sets.
Your thought reminds me of Rayo's number, which is the lowest integer greater than the highest number expressible in a googol symbols in the language of set theory. The problem is, there is no way to compute this number.
Likewise, it is possibly impossible to compute the steps required to make a million dollars or more in a day.
This line of thinking is actually kind of dangerous. "There exists a set of finite actions that, if I performed them in the correct order, would stop my father from committing suicide."
[deleted] ยท 0 points ยท Posted at 04:19:50 on June 23, 2016 ยท (Permalink)
Depending on how you define an action it may not be finite.
[deleted] ยท 0 points ยท Posted at 06:13:39 on June 23, 2016 ยท (Permalink)
There might even be an infinite number of unique sets of finite actions that could be done in a specific order that would make you a millionaire. An infinite set of sets.
Same could be said about every word ever, just takes the correct combination to break my goldenless virginity. Well, might as well get started. Give me gold. Give me gold please. Something something gold. I love, goooollld. The names gold, reddit gold. That's all I got for now...
Saved comment
GodOfAllAtheists ยท 534 points ยท Posted at 22:42:16 on June 22, 2016 ยท (Permalink)
Reddit and masturbating aren't two of them.
[deleted] ยท 275 points ยท Posted at 00:41:59 on June 23, 2016 ยท (Permalink)
Step 1: Get the most karma on Reddit.
Step 2: Start giving interviews and become world famous.
Step 3: Film yourself masturbating and leak the tape to Gawker.
Step 4: Make a cool $140,000,000 in lawsuits when they publish it.
[deleted] ยท 74 points ยท Posted at 02:28:00 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 6 points ยท Posted at 03:14:31 on June 23, 2016 ยท (Permalink)
[deleted]
TeenageLucifer ยท 3 points ยท Posted at 13:12:02 on June 23, 2016 ยท (Permalink)
This oddly sounds romantic.
forwhateveritsworth4 ยท 2 points ยท Posted at 07:00:59 on June 23, 2016 ยท (Permalink)
why, what are we gonna do tomorrow night, Brain?
umbeeheehoe ยท 3 points ยท Posted at 12:55:32 on June 23, 2016 ยท (Permalink)
The same thing we try every night pinky. Try to take over the world!
dontmindmeimfapping ยท 4 points ยท Posted at 12:15:37 on June 23, 2016 ยท (Permalink)
Which is why I always have footage of me fapping ready.
Argarath ยท 2 points ยท Posted at 13:53:32 on June 23, 2016 ยท (Permalink)
Yeah, but at least the fapping part is quick...
Kurdology ยท 7 points ยท Posted at 00:55:23 on June 23, 2016 ยท (Permalink)*
You forgot the '???'.
xilef_destroy ยท 14 points ยท Posted at 05:16:29 on June 23, 2016 ยท (Permalink)
Step 1: Get the most karma on Reddit.
Step 2: Start giving interviews and become world famous.
Step 3: Film yourself masturbating and leak the tape to Gawker.
Step 3.5: ???
Step 4: Make a cool $140,000,000 in lawsuits when they publish it.
There can't be more than 4 steps, otherwise it's too hard
Kurdology ยท 2 points ยท Posted at 01:27:36 on June 24, 2016 ยท (Permalink)
Average Reddit IQ: 4
clutchtho ยท 4 points ยท Posted at 02:22:43 on June 23, 2016 ยท (Permalink)
brb doing this right now
jesstsaying ยท 1 points ยท Posted at 12:07:58 on June 23, 2016 ยท (Permalink)
Good luck!
itsfakenoone ยท 1 points ยท Posted at 14:13:46 on June 23, 2016 ยท (Permalink)
You sir are a veritable genius
JoeOfTex ยท 3 points ยท Posted at 00:33:45 on June 23, 2016 ยท (Permalink)
Twitch Plays Masturbation
haemess ยท 2 points ยท Posted at 01:56:25 on June 23, 2016 ยท (Permalink)
Well, maybe. If you were female.
NewToFemboys ยท 2 points ยท Posted at 09:54:13 on June 23, 2016 ยท (Permalink)
Well thanks for ruling those 2 things out. Now I'm off to /r/pornvids
[deleted] ยท 1 points ยท Posted at 03:15:58 on June 23, 2016 ยท (Permalink)
[deleted]
Eoryr ยท 2 points ยท Posted at 08:30:14 on June 23, 2016 ยท (Permalink)
Give link.
(I spelt it lowercase, so don't gimme that Zelda-troll-shit)
dnrzmn ยท 1 points ยท Posted at 08:12:29 on June 23, 2016 ยท (Permalink)
Try different sets of order.
Aaron_Greenland ยท 1 points ยท Posted at 17:18:14 on June 23, 2016 ยท (Permalink)
Or are they?...
spacedrgn ยท 1 points ยท Posted at 18:23:45 on June 23, 2016 ยท (Permalink)
Someone should found Redturb.com and...
pwilliams58 ยท 763 points ยท Posted at 21:01:09 on June 22, 2016 ยท (Permalink)
Even more annoying is those instructions are written in the library of Babel, even mentioning you by name. You just have to find it.
dodecaphonicism ยท 220 points ยท Posted at 22:19:37 on June 22, 2016 ยท (Permalink)
I was hoping for a Library of Babel reference!
ExpertOnAppropriate ยท 53 points ยท Posted at 23:42:30 on June 22, 2016 ยท (Permalink)
The first time I've seen it on reddit! It was my first Borges ever and it still haunts me to this day about once a week.
I_FUCK_JUICY_PUSSIES ยท 5 points ยท Posted at 03:31:45 on June 23, 2016 ยท (Permalink)
If the universe is truly infinite, we probably live in a sort of Library of Babel. You might even find the actual library somewhere.
Dougasaurus_Rex ยท 2 points ยท Posted at 05:04:08 on June 23, 2016 ยท (Permalink)
In fact, if the number of universes is infinite, and we exist in a Library of Babel somewhere, there's an infinite chance there are multiple Libraries of Babel, meaning we exist as a work of fiction in more universes than we actually exist in.
I_FUCK_JUICY_PUSSIES ยท 2 points ยท Posted at 05:32:23 on June 23, 2016 ยท (Permalink)
Yes, thinking about this makes my head dizzy. There would also be an infinite number of copies of our universe where all the copies of me are typing the exact same thing right now. And infinite copies of me that are doing something slightly different.
superguy12 ยท 1 points ยท Posted at 12:37:42 on June 23, 2016 ยท (Permalink)
An infinite number of universes doesn't mean all outcomes are possible. There's an infinite amount of numbers between one and two, but three isn't one of them.
https://www.reddit.com/r/rickandmorty/comments/475kru/infinite_universes_doesnt_mean_infinite/d0afgw2
CourtShaw ยท 1 points ยท Posted at 12:58:31 on October 12, 2016 ยท (Permalink)
The universe is infinite in size, not infinite in matter. Also the multi-verse theory is just that. A theory.
Don't get your hopes up:(
choiesbetter ยท 1 points ยท Posted at 07:34:51 on June 23, 2016 ยท (Permalink)
Forget something like these. You need to do something you are good at to get more money.
ExpertOnAppropriate ยท 1 points ยท Posted at 09:03:31 on June 23, 2016 ยท (Permalink)
But it's a genius short story about knowledge and about knowledge about knowledge, not about earning money :(
happyflurple ยท 1 points ยท Posted at 10:13:25 on June 23, 2016 ยท (Permalink)*
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coloradoforests1701 ยท 2 points ยท Posted at 23:10:29 on June 23, 2016 ยท (Permalink)
Can I read the essay?
happyflurple ยท 1 points ยท Posted at 18:49:27 on June 24, 2016 ยท (Permalink)*
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brickmaster32000 ยท 3 points ยท Posted at 02:12:23 on June 23, 2016 ยท (Permalink)
Having not read the book just the Wikipeida summary how would the believers ever know if they found the correct index and not just one that is accurate for the books they checked against?
SirSoliloquy ยท 7 points ยท Posted at 02:40:36 on June 23, 2016 ยท (Permalink)
They wouldn't. From what I can tell the story makes a good case that infinity is essentially the same as meaninglessness, yet people still try to find meaning within it.
TankorSmash ยท 2 points ยท Posted at 01:25:51 on June 23, 2016 ยท (Permalink)
God that's cool
CaptainTater ยท 2 points ยท Posted at 04:41:35 on June 23, 2016 ยท (Permalink)
Online Library of Babel https://libraryofbabel.info
(Bonus) For Images https://babelia.libraryofbabel.info
peanutbutterandjesus ยท 1 points ยท Posted at 04:05:14 on June 23, 2016 ยท (Permalink)
This sounds really interesting but I cant find it for less than $70 on amazon. Is this something I'd be able to find at the local library?
alienpirate5 ยท 3 points ยท Posted at 07:20:15 on June 23, 2016 ยท (Permalink)
You would be able to find it in the Library of Babel.
Oh wait...
specialKswag ยท 1 points ยท Posted at 05:13:25 on June 23, 2016 ยท (Permalink)
Holy shit that was one of the most fascinating Wikipedia pages I've ever read
Amelnik7495 ยท 1 points ยท Posted at 07:42:23 on June 23, 2016 ยท (Permalink)
Fascinating read! thank you.
hijinga ยท 1 points ยท Posted at 08:20:02 on June 23, 2016 ยท (Permalink)
This is SO COOL!
Maybe_Im_Jesus ยท 1 points ยท Posted at 09:40:25 on June 23, 2016 ยท (Permalink)
Hmm, I wonder if that space movie with murph and the Lincoln car guy was trying to use that idea toward the end there...
Ianerick ยท 1 points ยท Posted at 23:12:47 on June 22, 2016 ยท (Permalink)
That's what it is referencing? I'm not sure what else you think it could possibly be referencing
dodecaphonicism ยท 2 points ยท Posted at 23:20:09 on June 22, 2016 ยท (Permalink)
Yeah, I know. I was making reference to the hope that I would find one, and there it was.
As when you receive the gift you want and say something like "I was hoping it would be [insert gift here]!"
aabicus ยท 5 points ยท Posted at 23:34:21 on June 22, 2016 ยท (Permalink)
Found it for you. One of these books mentions your name and the exact steps to becoming a millionaire. Good luck!
-apoptosis ยท 4 points ยท Posted at 01:53:30 on June 23, 2016 ยท (Permalink)
Oh that website is beautifully haunting
Ianerick ยท 1 points ยท Posted at 10:55:18 on June 23, 2016 ยท (Permalink)
oh that makes a lot more sense than what I thought you meant
PlNKERTON ยท 1 points ยท Posted at 00:47:20 on June 23, 2016 ยท (Permalink)
Tldr?
Boo1098 ยท 7 points ยท Posted at 01:26:07 on June 23, 2016 ยท (Permalink)
Basically it's a theoretical library that would contain literally everything because it each book is "random" and there are infinite books.
PlNKERTON ยท 1 points ยท Posted at 03:13:50 on June 23, 2016 ยท (Permalink)
Gotcha, thanks!
dtlv5813 ยท 1 points ยท Posted at 07:37:56 on June 23, 2016 ยท (Permalink)
The thing is, the potential total number of books would be a lot more manageable figure if we can exclude all the obviously bad/non sense combinations.
Oieo ยท 1 points ยท Posted at 08:17:23 on June 23, 2016 ยท (Permalink)
Would it, though? On a scale of the infinite, all possible combinations of non-bad non-nonsense would also be infinite, because the number of building blocks for infinity doesn't really matter.
dtlv5813 ยท 1 points ยท Posted at 08:33:40 on June 23, 2016 ยท (Permalink)
It is a super big number larger than number of atoms in the observable universe but is not infinite. The Wikipedia article has details on this
Oieo ยท 1 points ยท Posted at 09:48:01 on June 23, 2016 ยท (Permalink)
Hmm, to be honest, I don't understand that. Together with Quine's short text on it. Given no restrictions regarding the size of each book, the possible combinations would still be infinite. I.e. the super big number assertion only works within some confine, no?
Cheesemacher ยท 1 points ยท Posted at 11:30:04 on June 23, 2016 ยท (Permalink)
Well I think we could assume that the library doesn't contain books that have literally infinite number of pages.
Boo1098 ยท 1 points ยท Posted at 11:54:17 on June 23, 2016 ยท (Permalink)
Part of the theory is that even the jiberous has meaning as a cipher or a completely new language.
[deleted] ยท 1 points ยท Posted at 02:49:05 on June 23, 2016 ยท (Permalink)*
[deleted]
Boo1098 ยท 8 points ยท Posted at 02:53:54 on June 23, 2016 ยท (Permalink)
Well in the article linked it's talking about a physical library. But yes the one that was created is really cool. Check it out if anyone hasn't seen it.
AlmostButNotQuit ยท 1 points ยท Posted at 05:04:59 on June 23, 2016 ยท (Permalink)
Fantastic, thank you.
BastardoSinGloria ยท 5 points ยท Posted at 02:16:59 on June 23, 2016 ยท (Permalink)
I don't think there could be a tldr version. Borges is known to be one of the most economical writers it has existed (and by economical I mean every word in the text has a reason for being there).
If you read it mindlessly, it shouldn't take you more than 20 minutes to read the whole thing. However, if you read it with a purpose it may take you weeks to process it all.
If you end up reading it (which I think everyone should do), and if you like it I would also reccomend reading The Total Library. Actually, read as much Borges as you can, he is my favorite writer.
Trivia: his first language was English.
[deleted] ยท 1 points ยท Posted at 01:25:12 on June 23, 2016 ยท (Permalink)
it contains every set of characters within a 2500 word limit. basically you could find your own personal information in a "book" within that "library"
should-of ยท 65 points ยท Posted at 04:26:55 on June 23, 2016 ยท (Permalink)
it's here... https://libraryofbabel.info/bookmark.cgi?qu_onpzwcmyhhntgpkaftkm78
half way down.
[deleted] ยท 38 points ยท Posted at 06:24:19 on June 23, 2016 ยท (Permalink)
"teinstructions for ilikeyoghurt start with two million dollars then get marriedcamgcwzcqcofvfy "
How the hell did you find that?
Vallam ยท 15 points ยท Posted at 07:05:44 on June 23, 2016 ยท (Permalink)*
You can "search" the library of babel. When you search, you're actually basically just encrypting your search term, but there's an infinite browsable graphical "library" that you can get lost in forever that makes it kind of mindfucky.
For instance, go here: http://libraryofbabel.info/browse.cgi
and then go to page 349 of book 10 of shelf 1 of wall 2 of the following hex:
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
DaringDomino3s ยท 10 points ยท Posted at 07:55:10 on June 23, 2016 ยท (Permalink)
It's way too fucking early/late for this. I might be confused.
should-of ยท 2 points ยท Posted at 21:03:11 on June 23, 2016 ยท (Permalink)*
yo dawg, i heard you like recursion, so I put a library of babel search in your library of babel search result.
https://libraryofbabel.info/bookmark.cgi?i,crpqktvikmnrpl188
DaringDomino3s ยท 1 points ยท Posted at 21:32:55 on June 23, 2016 ยท (Permalink)
I'm still not sure I understand any of this, even though I've been awake for several hours today ..
Animactus ยท 2 points ยท Posted at 09:04:17 on June 23, 2016 ยท (Permalink)
It looks like you can also bookmark pages, it might make more sense to send people the ID part of the URL like this: fkhuarjdngossi137
Vallam ยท 8 points ยท Posted at 09:08:04 on June 23, 2016 ยท (Permalink)
sure, but the fun part is finding your string in the library, tucked between millions upon millions of pages of absolute gibberish, as if it had always been there, waiting for you to stumble across... because it sort of had.
pzvnk ยท 1 points ยท Posted at 12:11:57 on June 27, 2016 ยท (Permalink)
What the fuck am i looking at
should-of ยท 3 points ยท Posted at 07:04:52 on June 23, 2016 ยท (Permalink)
googled it
el_DOOM ยท 1 points ยท Posted at 09:26:40 on June 23, 2016 ยท (Permalink)
Is it weird that I automatically started reading the tiny line in that that wasn't complete jibberish?
MuonManLaserJab ยท 1 points ยท Posted at 19:30:39 on June 23, 2016 ยท (Permalink)
Oh damn, that site existing plus the wording you chose...
ThePowerOfAura ยท 79 points ยท Posted at 22:46:19 on June 22, 2016 ยท (Permalink)
Also the billions of near-identical storylines where you sit on your laptop and browse reddit all day.
bass-lick_instinct ยท 19 points ยท Posted at 23:45:06 on June 22, 2016 ยท (Permalink)
The Library of Babel also contains every lie.
wdoyle__ ยท 8 points ยท Posted at 22:09:37 on June 22, 2016 ยท (Permalink)
Still doesn't help though does it
LaziestRedditorEver ยท 2 points ยท Posted at 23:36:51 on June 22, 2016 ยท (Permalink)
Just have to find the index of the library.
mib_sum1ls ยท 2 points ยท Posted at 01:39:02 on June 23, 2016 ยท (Permalink)
Wouldn't it be much more likely to find a book with all the pertinent information, just with a slight misspelling of your name? Or someone else's name altogether? Or possibly a book with ALMOST the right info, but at least one nonsensical step?
marsgreekgod ยท 1 points ยท Posted at 09:50:53 on June 23, 2016 ยท (Permalink)
I mean from a random source yes but am those are really unlikely still
MuthaFuckasTookMyIsh ยท 1 points ยท Posted at 02:03:01 on June 23, 2016 ยท (Permalink)
Is that not on Project Gutenberg yet? They should really get on their shit.
SirSoliloquy ยท 2 points ยท Posted at 02:38:12 on June 23, 2016 ยท (Permalink)
It's being worked on
MuthaFuckasTookMyIsh ยท 1 points ยท Posted at 02:55:58 on June 23, 2016 ยท (Permalink)
Saved comment.
Remind!me3months
I hope that's the right format.
alienpirate5 ยท 2 points ยท Posted at 07:23:02 on June 23, 2016 ยท (Permalink)
Here's the format:
"RemindMe! 3 months"
FantomImage ยท 1 points ยท Posted at 17:07:03 on June 23, 2016 ยท (Permalink)
Right, but how would you know when you'd found the correct instructions? (There'd be any number of contradictory passages instructing you personally to do different things..)
AP246 ยท 1 points ยท Posted at 19:03:17 on June 23, 2016 ยท (Permalink)
Every piece of information that could possibly exist, is there.
The-Fish-God-Dagon ยท 1 points ยท Posted at 00:14:08 on June 23, 2016 ยท (Permalink)
FOUND IT!!
thewhitedeath ยท 3888 points ยท Posted at 18:13:23 on June 22, 2016 ยท (Permalink)*
In 2014 (starting with $1000) if you picked the right stock ever day for the 248 working days the S&P 500 operated, you would be worth billions. If you did it last year as well you would have 179 billion dollars. The richest person on the planet.
That's just a little less than 500 correct picks in a row. Doesn't sound so hard does it?
Edit: http://qz.com/317958/how-you-could-have-turned-1000-into-billions-of-dollars-by-perfectly-trading-the-sp-500-in-2014/
[1][1]
How you could have turned $1,000 into billions of dollars by perfectly trading the S&P 500 in 2014
[deleted] ยท 824 points ยท Posted at 18:34:42 on June 22, 2016 ยท (Permalink)
since you pick a new stock every day do you also sell each day?
[deleted] ยท 952 points ยท Posted at 18:37:20 on June 22, 2016 ยท (Permalink)*
[deleted]
Frungy_master ยท 544 points ยท Posted at 20:07:42 on June 22, 2016 ยท (Permalink)
You can take this to the extreme limit by shortening the time you hold the paper. Traders actually use computer programs because humans can't complete transactions fast enough for some of the strategies. This often involves very little price difference.
When you have multiple such programm hooked into the network making valid trades you can have such things as second long market turmoils (/crashes). Timing is such a critical thing that stock markets often handle leap seconds by being closed when it happens.
Meem0 ยท 1505 points ยท Posted at 21:58:21 on June 22, 2016 ยท (Permalink)
The year is 20XX. Everyone trades stocks at the theoretical level of perfection. Because of this, the outcome of a trade depends solely on network latency. The network card overclocking metagame has evolved to ridiculous levels due to it being the only remaining factor to decide trades.
siosilvar ยท 695 points ยท Posted at 22:06:03 on June 22, 2016 ยท (Permalink)
Companies already buy up the closest properties to where the undersea cables come up in New York so that they can have the minimum latency. I'm not sure how much more ridiculous it can get from here.
faithfulpuppy ยท 369 points ยท Posted at 22:11:44 on June 22, 2016 ยท (Permalink)
yep. theres a room at the physical stock exchange with most of the actual competitive trading computers. They're all hooked up to ethernet cables that are measured by the millimeter to be the same length.
[deleted] ยท 286 points ยท Posted at 22:16:54 on June 22, 2016 ยท (Permalink)
the reason the wires are exactly the same length is the companies were fighting over server positioning due to the fractions of a millisecond advantage a 10' cable gives over a 20'.
indyK1ng ยท 109 points ยท Posted at 22:36:09 on June 22, 2016 ยท (Permalink)
Isn't that measured in nanoseconds? A nanosecond is 11.8" long meaning that 10' is only making the difference of ~10.1 nanoseconds.
[deleted] ยท 114 points ยท Posted at 23:15:42 on June 22, 2016 ยท (Permalink)
[deleted]
down_is_up ยท 20 points ยท Posted at 23:21:33 on June 22, 2016 ยท (Permalink)
HFT today operates in microseconds.
[deleted] ยท 1 points ยท Posted at 09:16:26 on June 23, 2016 ยท (Permalink)
The question is, should it?
(Yes, I know there are cases of simple arbitrage where speed is literally all that matters, but surely there's more money elsewhere!)
[deleted] ยท 0 points ยท Posted at 00:26:51 on June 23, 2016 ยท (Permalink)
[Citation needed]
down_is_up ยท 23 points ยท Posted at 00:38:38 on June 23, 2016 ยท (Permalink)
September 9, 2010: http://www.bis.org/review/r100909e.pdf (page 10, Patience and Trading, paragraph 6).
Theawesomeninja ยท 6 points ยท Posted at 01:43:59 on June 23, 2016 ยท (Permalink)
Citation served. Interesting book to read on the subject is flash boys for those interested in the thread
chssthrwwy ยท 3 points ยท Posted at 01:53:47 on June 23, 2016 ยท (Permalink)
http://www.radiolab.org/story/267195-million-dollar-microsecond/
Sorry if you don't want to listen to it, but I can't find a transcript of the episode.
Carl_Sagacity ยท 2 points ยท Posted at 04:06:19 on June 23, 2016 ยท (Permalink)
I would like to listen to it, thanks for the link!
blaster009 ยท 2 points ยท Posted at 01:55:58 on June 23, 2016 ยท (Permalink)
I'll vouch for this anecdotally and also provide additional indirect academic proof to further support /u/down_is_up.
Most high-performance networking technology has overhead on the single-digit microsecond level. A typical inlined RDMA write over a non-reliable connection for instance is somewhere around the 2 microsecond range.
Given that this is the top-of-the-line networking technology for HPT-like purposes, networked operations in HPT will take at the very least several microseconds.
The goal then is to make everything else fast enough that you operate within the same order of time as the insurmountable networking bottleneck. Ergo, you are concerned primarily with performance at the microsecond level.
thurst0n ยท 9 points ยท Posted at 23:33:14 on June 22, 2016 ยท (Permalink)
Normally you'd be right, but in the world of high frequency trading it's actually a huge deal.
chssthrwwy ยท 6 points ยท Posted at 01:47:32 on June 23, 2016 ยท (Permalink)
Spread Networks spent $300 million on a new 800-mile cable to shorten the time it would take for trades to get from Chicago to New Jersey from 17 to 13 milliseconds. That 4-millisecond difference translated into $2.8 billion of revenue from HFT firms. HFTs are willing to pay thousands for microseconds.
[deleted] ยท 3 points ยท Posted at 00:13:25 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 6 points ยท Posted at 07:51:11 on June 23, 2016 ยท (Permalink)
You are hosting a yard sale and want to sell a clock for $10.00. A buyer wants to buy a clock for $10.00 and is walking around. Superman who moves really fast comes to you and buys the clock for $9.90; its close enough to your target price that you don't care about the tiny difference. He then runs over to the buyer and sell it to them for $10.10. Its close enough to their target price that they don't care. He makes a $0.20 profit on the whole transaction and both the buyer and seller have lost value in the trade.
Superman is the HFT firm. He will argue that he is a market maker; and that without him the buyer would have to wander around the yard sale trying to find the seller and thats a waste of time/value in the system.
Normally it isn't worth a persons time to make this trade happen and just profit $0.20 but because he's superman and can do hundreds of these every second he can make a huge profit.
EmperorArthur ยท 5 points ยท Posted at 08:46:13 on June 23, 2016 ยท (Permalink)
Pretty good explanation. To add to this, Superman always knows the lowest price someone will sell for, and the highest price someone will buy for. He does this by saying "I'll buy it for $10. Ok that worked. Nevermind,* how about $9.99. That also worked. Nevermind,* how about $9.98." and so on.
Basically, stock markets are like stores that will let you return an infinite number of items as long as you do it fast enough.
*Cancel's the trade immediately.
KryptoniteDong ยท 1 points ยท Posted at 04:28:29 on June 23, 2016 ยท (Permalink)
Agreed.
polypPowerPoop ยท 3 points ยท Posted at 00:17:43 on June 23, 2016 ยท (Permalink)
1 gigahertz is a period of 1 nanosecond. Intel's i7 cpus run at >4GHz. That's up to 4 or more operations per nanosecond.
jasmineearlgrey ยท 2 points ยท Posted at 23:33:41 on June 22, 2016 ยท (Permalink)
They have already optimised everything else.
indyK1ng ยท 1 points ยท Posted at 23:35:02 on June 22, 2016 ยท (Permalink)
Have they optimized OS context switching?
jasmineearlgrey ยท 6 points ยท Posted at 23:42:35 on June 22, 2016 ยท (Permalink)
Yes.
dekoze ยท 6 points ยท Posted at 02:18:42 on June 23, 2016 ยท (Permalink)
There used to be/still is heavily customized linux/bsd kernels being used but I bet the big players are using custom ASIPs on either baremetal or some lightweight single-threaded RTOS.
RareAndWellDone1 ยท 1 points ยท Posted at 00:31:22 on June 23, 2016 ยท (Permalink)
What makes it premature?
[deleted] ยท 1 points ยท Posted at 00:46:21 on June 23, 2016 ยท (Permalink)
[deleted]
MadCervantes ยท 2 points ยท Posted at 04:30:22 on June 23, 2016 ยท (Permalink)
The nyse probably did it to appease the suits who don't know enough about it to know it doesn't make a big difference.
All_Work_All_Play ยท 1 points ยท Posted at 02:46:08 on June 23, 2016 ยท (Permalink)
It's done by the same folks who write in assembly. It's not premature.
toddffw ยท 1 points ยท Posted at 03:36:40 on June 23, 2016 ยท (Permalink)
Your latter point proves your first quite well
PureRandomness529 ยท 1 points ยท Posted at 04:06:20 on June 23, 2016 ยท (Permalink)
I mean, they used to set out to extreme lengths to have a more direct connection, such as building a direct line from Chicago to New York for that exclusive purpose, well before the modern computer.
iviondayjr ยท 1 points ยท Posted at 06:36:26 on June 23, 2016 ยท (Permalink)
Read the book Flash Boys by Michael Lewis, thats a good place to start.
ranciddan ยท 1 points ยท Posted at 06:41:35 on June 23, 2016 ยท (Permalink)
They could be future proofing things.
MuonManLaserJab ยท 1 points ยท Posted at 19:50:16 on June 23, 2016 ยท (Permalink)
It's not like it's expensive to buy a bunch of cables of the same length. Although I bet they bought Monster cables...
solepsis ยท 1 points ยท Posted at 00:37:08 on June 23, 2016 ยท (Permalink)
https://xkcd.com/1691/
jwota ยท -3 points ยท Posted at 23:59:07 on June 22, 2016 ยท (Permalink)
Yeah, it's clear you don't know anything about HFT. They work on sub-millisecond scales, so a few tens of nanoseconds will be noticed.
dohawayagain ยท 4 points ยท Posted at 01:09:22 on June 23, 2016 ยท (Permalink)
There's a long way between ms and ns, alphabet notwithstanding.
[deleted] ยท 1 points ยท Posted at 00:19:43 on June 23, 2016 ยท (Permalink)
[deleted]
jwota ยท -11 points ยท Posted at 00:23:00 on June 23, 2016 ยท (Permalink)
You're a fucking moron. Go learn something before replying to me again, dipshit.
See, I can do the name calling too. Grow up.
MGLunarking ยท 3 points ยท Posted at 00:32:18 on June 23, 2016 ยท (Permalink)
Are you going to actually refute what he's saying though? Is he wrong in any sense? I genuinely want to know!
jwota ยท 0 points ยท Posted at 00:39:55 on June 23, 2016 ยท (Permalink)
What is there to refute? He doesn't know the subject and he's pulling shit out of his ass. I'm not claiming to be an expert on HFT, but I do have a general knowledge of it.
These guys do measure latency in nanoseconds, and they use highly specialized software and hardware to minimize that latency in every way they can. Every cable being the exact same length is just to level the playing field, since it's impossible for everyone to be physically equally close to the gateway.
[deleted] ยท 2 points ยท Posted at 01:06:53 on June 23, 2016 ยท (Permalink)
[deleted]
jwota ยท -5 points ยท Posted at 01:12:21 on June 23, 2016 ยท (Permalink)
So many words, yet nothing was said. Keep spinning your wheels little one.
[deleted] ยท 1 points ยท Posted at 00:33:41 on June 23, 2016 ยท (Permalink)
[deleted]
jwota ยท 0 points ยท Posted at 00:35:18 on June 23, 2016 ยท (Permalink)
I didn't call you a name in my first reply.
5HITCOMBO ยท 6 points ยท Posted at 00:39:17 on June 23, 2016 ยท (Permalink)
Casual observer here. You're the asshole, not him. Continue bickering.
its-my-1st-day ยท 5 points ยท Posted at 01:13:37 on June 23, 2016 ยท (Permalink)
Another casual observer here.
They both seem kinda overly aggressive.
/u/throwaway486dx started saying why the level of difference they are talking about shouldn't matter.
then /u/jwota jumped in kinda aggressively saying that regardless of whether it should matter, it currently does matter.
The closest /u/throwaway486dx came to really explaining anything was
Which actually gives some indication of the scale that this amount of time falls into.
Everything else seemed to basically just be shit slinging at the idea of the cables mattering...
jwota ยท 0 points ยท Posted at 00:43:21 on June 23, 2016 ยท (Permalink)
My first reply may have had a harsh opening remark, but comments that say "I know nothing about this subject, but you're wrong" just irk me.
ghjm ยท 53 points ยท Posted at 23:47:34 on June 22, 2016 ยท (Permalink)
Which is a fraction of a millisecond, is it not? Specifically, the fraction 1/99010.
blaster009 ยท 11 points ยท Posted at 01:46:14 on June 23, 2016 ยท (Permalink)
You'd be surprised just how much a modern supercomputer can do in 10 nanoseconds, assuming that it is operating mostly on cache-friendly items and doesn't incur any branch mispredictions (which, given the amount of attention HPT teams usually pay to that type of thing, it likely wouldn't).
The Norvig rules of thumb estimate about 10 executed instructions on a single core, and 20 fetches from L1 cache.
When getting there first matters, this could actually make a difference, in theory.
In practice though, I doubt it would really have THAT much of an impact. The overhead on most high-performance networking technologies is typically on the order of microseconds, not nanoseconds (RDMA for example), so you'd have to be wasting quite a few feet of wire before you really started to notice any discernible impact.
Poppy_Tears ยท 1 points ยท Posted at 07:34:08 on June 23, 2016 ยท (Permalink)
Normally it's not supercomputers but individual yoked-ass workstations
blaster009 ยท 1 points ยท Posted at 13:24:12 on June 23, 2016 ยท (Permalink)
I know at least one major Canadian bank that's using several racks of blade servers. They may not be true supercomputers, but they're definitely a grade up from workstations.
hogger85 ยท 1 points ยท Posted at 11:30:39 on June 23, 2016 ยท (Permalink)
its not about computation it is about who gets first into the stack on the computer that decides who makes the trade first.
say stock X starts to drop, it takes 100ns for company A server to notice but 110ns for company B, they both take 1ms to calculate the need to sell the Stock x and send the command out via the cable. The instruction to sell from A will back to the trade server 20ns before the request from company B and will be sitting first in the list of orders to execute.
426164_576f6c66 ยท 4 points ยท Posted at 00:31:12 on June 23, 2016 ยท (Permalink)
Grace Hopper is an amazing, amazing woman. I'm just so sad she died the year I was born. I'd love to have met her.
Darkphibre ยท 3 points ยท Posted at 01:19:57 on June 23, 2016 ยท (Permalink)
And I thought my eventing technology was cool, measured in microseconds. ๐
clearingitup ยท 3 points ยท Posted at 02:08:52 on June 23, 2016 ยท (Permalink)
That's the maximum length of a nanosecond, electric signals do not travel that quickly in these cables.
inquire_ ยท 1 points ยท Posted at 04:50:09 on June 23, 2016 ยท (Permalink)
nano lightsecond.
IHateHangovers ยท 1 points ยท Posted at 07:25:11 on June 23, 2016 ยท (Permalink)
Microseconds. That's the thing the IEX exchange was doing - adding a 350mic (aka .35 miliseconds aka .00035 seconds) bump by having a physical length of cable that took the light .00035 seconds to travel through
soontocollege ยท 1 points ยท Posted at 23:46:31 on June 22, 2016 ยท (Permalink)
Well a nanosecond is technically a fraction of a millisecond
CantFoolTheCity ยท 0 points ยท Posted at 07:19:07 on June 23, 2016 ยท (Permalink)
No a nanosecond is a unit of time and is 10-9 sec. It has no length.
thurst0n ยท 3 points ยท Posted at 23:30:30 on June 22, 2016 ยท (Permalink)
They weren't fighting over milliseconds they were fighting over nanoseconds. I know some overclock the hardware too to eek out every advantage.
fiercelyfriendly ยท 2 points ยท Posted at 08:12:53 on June 23, 2016 ยท (Permalink)
Eke
[deleted] ยท 22 points ยท Posted at 22:31:34 on June 22, 2016 ยท (Permalink)
I don't think that needed explaining.
Jezio ยท 420 points ยท Posted at 22:34:14 on June 22, 2016 ยท (Permalink)
I don't think I need to explain how to use a blinker to anyone with a valid driver's license, but my commute home from work today proved otherwise.
mrkiddi ยท 3 points ยท Posted at 22:41:46 on June 22, 2016 ยท (Permalink)
Bad day huh?
livin4donuts ยท 1 points ยท Posted at 23:04:22 on June 22, 2016 ยท (Permalink)
Lots of BMWs, probably. They don't come with blinkers.
SavvySillybug ยท 2 points ยท Posted at 23:05:29 on June 22, 2016 ยท (Permalink)
Meanwhile I drive a Mercedes and instinctively use my blinker just to swerve out of the way when a truck who can't see me moves into my lane...
Jackker ยท 1 points ยท Posted at 23:07:46 on June 22, 2016 ยท (Permalink)
The heck? BMWs here in SG don't signal before filtering either.
thrownawayzs ยท 1 points ยท Posted at 03:34:57 on June 23, 2016 ยท (Permalink)
Because they can't.
Gengar0 ยท 2 points ยท Posted at 23:38:05 on June 22, 2016 ยท (Permalink)
Can confirm - had a half second freak out that someone merging into my lane was actually having a microsleep due to the fuckwit not using his blinker until he was actually in my lane.
Hermano_Salmon ยท 1 points ยท Posted at 23:07:51 on June 22, 2016 ยท (Permalink)
Rekt
flapanther33781 ยท 1 points ยท Posted at 23:41:17 on June 22, 2016 ยท (Permalink)
Not knowing and not giving a shit are two completely separate things.
Sandite5 ยท 1 points ยท Posted at 23:58:22 on June 22, 2016 ยท (Permalink)
Goddamn BMWs.
matthewsmazes ยท 1 points ยท Posted at 23:59:15 on June 22, 2016 ยท (Permalink)
As a claims adjustor I can confirm this to be the case.
Taikwin ยท 41 points ยท Posted at 22:52:42 on June 22, 2016 ยท (Permalink)
Well I appreciated the explanation.
WyzeGye ยท 2 points ยท Posted at 23:09:45 on June 22, 2016 ยท (Permalink)
I dont think you needed to explain your appreciation of the explanation.
Cheesemacher ยท 2 points ยท Posted at 10:44:59 on June 23, 2016 ยท (Permalink)
Well I appreciated the validation it gave to the original explanation.
TheInternetCat ยท 1 points ยท Posted at 00:00:06 on June 23, 2016 ยท (Permalink)
I want to hear more about this "blinker."
ktappe ยท 1 points ยท Posted at 00:24:34 on June 23, 2016 ยท (Permalink)
We knew why the cables needed to be the same length. We didn't know companies were fighting over it.
mrwillingum ยท 1 points ยท Posted at 22:32:32 on June 22, 2016 ยท (Permalink)
Don't let the memes be dreams, I guess.
neurorgasm ยท 1 points ยท Posted at 00:48:38 on June 23, 2016 ยท (Permalink)
Dear everyone in this comment chain: I also read flash boys
Lampshader ยท 5 points ยท Posted at 23:08:43 on June 22, 2016 ยท (Permalink)
So they have to be the same length you say... But can I provide my own cable? :)
(Propagation speed of an electric signal in a cable is a function of the dielectric material's permittivity)
[deleted] ยท 4 points ยท Posted at 23:29:12 on June 22, 2016 ยท (Permalink)
So true. Comcast techs actually go over this during cable 101, how the best dielectric to use would be pure air, but since that simply isn't possible, cable uses a sort of foam injectes with air to get the minimum attenuation possible, which is why inferior cable with inferior dielectric can cause much higher signal loss over a much shorter distance than what we use.
Interesting stuff.
astronomicat ยท 1 points ยท Posted at 01:55:05 on June 23, 2016 ยท (Permalink)
Well really the best would be a vacuum since then it'd be the full speed of light
jwota ยท 2 points ยท Posted at 00:00:26 on June 23, 2016 ยท (Permalink)
No, the entire point of the equal length cables is that it's not possible for each server to be the exact same physical distance from the gateway, so they equalize it out with the cable instead.
TheBassThatAteMiami ยท 1 points ยท Posted at 23:24:17 on June 22, 2016 ยท (Permalink)
All about the money, baby
Xornial ยท 1 points ยท Posted at 00:18:03 on June 23, 2016 ยท (Permalink)
*fiber lines
Mayor__Defacto ยท 1 points ยท Posted at 07:20:29 on June 23, 2016 ยท (Permalink)
...not quite.
For example, the NYSE has its physical location in manhattan.
Where the servers that actually handle the electronic orders are is somewhere in New Jersey.
There are also multiple exchanges across the country. You can't be closest to all of them, so you either pick one, or center yourself between all of them to ensure your order arrives at the same time at all of them.
alexanderpas ยท 75 points ยท Posted at 22:11:56 on June 22, 2016 ยท (Permalink)
putting down new undesea cables.
http://www.bloomberg.com/news/articles/2012-03-29/cable-across-atlantic-aims-to-save-traders-milliseconds
[deleted] ยท 38 points ยท Posted at 22:30:20 on June 22, 2016 ยท (Permalink)*
[deleted]
sh0ck_wave ยท 31 points ยท Posted at 23:01:40 on June 22, 2016 ยท (Permalink)
Quantum entanglement cannot be used for instant transfer of information. https://en.wikipedia.org/wiki/No-communication_theorem
On the other hand , there are always wormholes :D https://en.wikipedia.org/wiki/Superluminal_communication
SushiToaster ยท 2 points ยท Posted at 03:51:09 on June 23, 2016 ยท (Permalink)
I read that as if it would be immoral to use quantum entanglement for the transfer
SushiToaster ยท 2 points ยท Posted at 03:51:45 on June 23, 2016 ยท (Permalink)
I read that as if it would be immoral to use quantum entanglement for the transfer
imamydesk ยท 2 points ยท Posted at 02:26:35 on June 23, 2016 ยท (Permalink)
Except there's no reason to believe wormholes exist.
[deleted] ยท -1 points ยท Posted at 02:28:58 on June 23, 2016 ยท (Permalink)
[deleted]
imamydesk ยท 2 points ยท Posted at 02:47:00 on June 23, 2016 ยท (Permalink)
Not at all. Uncertainty from quantum mechanics is what leads to quantum tunneling (i.e., the inability to pinpoint position or energy leads to the particle seemingly "teleporting" from one side of a barrier to another). Wormholes are exact solutions to the Einstein field equations and does not rely on any quantum mechanical effect.
Those are two separate theories that have not been reconciled yet.
SushiToaster ยท 1 points ยท Posted at 03:50:56 on June 23, 2016 ยท (Permalink)
I read that as if it would be immoral to use quantum entanglement for the transfer
WNxVampire ยท 1 points ยท Posted at 04:25:39 on June 23, 2016 ยท (Permalink)
What does quantum entanglement do if not communicate some information across space faster than light? What is even the point of quantum entanglement? What do two quantumly entangled particles do that is so special?
UlyssesSKrunk ยท 1 points ยท Posted at 05:22:24 on June 23, 2016 ยท (Permalink)
It entangles particles. It ensures that if you measure 2 entangled particles, no matter how far apart they are, and no matter how much time elapsed, as long as they remain entangled, you'll always get opposite readings. And that's pretty freaking neato.
Isn't one, yet.
That's the bit that is just so darn interesting. What do they do? Who knows.
Ndgc ยท 1 points ยท Posted at 06:50:06 on June 23, 2016 ยท (Permalink)*
Consistent random number creation. You have quantum entangled particles at two sites and measure them some arbitrary number of times in randomly selected basis (you can only measure a particle in up-down or left-right, not both at the same time). Let's say you do it 300 times. Then both sites compare their order if operations. Where they were measuring in the same way, they keep the data, but throw out, let's say, the 129 times they measure in a different basis. The two sites now have the same 171 bit string, without communicating the string itself along their data line where it could be intercepted. Useful for encryption.
This simplifies a little, especially with the measurements, but the important thing is that this is not communication because the information doesn't give you anything without the slower than light communication about measurements.
BurningPenguin ยท 1 points ยท Posted at 05:07:24 on June 23, 2016 ยท (Permalink)
Just a stupid idea, but what about gravitational waves?
sh0ck_wave ยท 1 points ยท Posted at 12:29:48 on June 23, 2016 ยท (Permalink)
Gravitational waves travel at the speed of light. If the sun suddenly disappeared the earth would continue continue in its orbit for approximately 8 minutes, it would take that long for the change in gravity to reach us!
SushiToaster ยท 0 points ยท Posted at 03:51:20 on June 23, 2016 ยท (Permalink)
I read that as if it would be immoral to use quantum entanglement for the transfer
MakeThemWatch ยท 2 points ยท Posted at 23:28:46 on June 22, 2016 ยท (Permalink)
You can't use quantum entanglement to transfer information.
Philias ยท 4 points ยท Posted at 22:56:58 on June 22, 2016 ยท (Permalink)
You should be entirely joking. It is beyond a shadow of a doubt impossible to transfer information faster than light.
dohawayagain ยท 4 points ยท Posted at 01:14:35 on June 23, 2016 ยท (Permalink)
Define shadow of a doubt, Einstein.
Segfaultist ยท 8 points ยท Posted at 23:09:19 on June 22, 2016 ยท (Permalink)
According to our current understanding of physics. Not saying that it is possible, just that our models of the universe could turn out to be flawed in some way (however unlikely that may be!).
[deleted] ยท 2 points ยท Posted at 01:56:48 on June 23, 2016 ยท (Permalink)
Good luck overthrowing quantum mechanics.
atomicpineapples ยท 3 points ยท Posted at 23:03:11 on June 22, 2016 ยท (Permalink)
Wormholes though?
ArmanDoesStuff ยท 1 points ยท Posted at 00:21:09 on June 23, 2016 ยท (Permalink)
Don't they bend space as opposed to actually move things faster than light?
Like, you can move across a giant circle at a slower pace and still get to the other side faster than it takes light to move around it.
atomicpineapples ยท 1 points ยท Posted at 02:08:21 on June 23, 2016 ยท (Permalink)
But if I take a flash drive and shove it through a wormhole, the information could travel light years in a mere second. So while technically the information isn't moving faster than light, it's still getting transferred (i.e. it's location has been changed) faster than light. A simple distance/time formula will tell you that something just moved 1 light year/1 second, even though this is clearly not what is actually happening. But I get your point.
Side note, the circle doesn't need to be giant. You just have to move faster than 63.7% the speed of light. Since c and the proportions of a circle are constant, the ratio of the distance around to the other side of a circle (circumference/2) to the distance across a circle (the diameter) will always be ฯ/2 no matter what the radius is. (set the times equal to each other in a d=rt formula and your rate must equal c * 2/ฯ)
imamydesk ยท 1 points ยท Posted at 02:31:57 on June 23, 2016 ยท (Permalink)
There is no reason to believe they exists. They are interesting and quirky solutions to the Einstein field equations, but requires nonsensical negative energy.
Much like if you take another established law, F=ma, and input negative mass, you'll find interesting behaviours like acceleration in the opposite direction as the applied force. The math is right but there is no reason to expect it to reflect reality.
calicosiside ยท 1 points ยท Posted at 23:23:33 on June 22, 2016 ยท (Permalink)
Still lights less just taking a shortcut, like using a chainsaw to solve a maze
UlyssesSKrunk ยท 1 points ยท Posted at 05:22:49 on June 23, 2016 ยท (Permalink)
No it's not, don't be arrogant when you clearly don't know what you're talking about.
[deleted] ยท 1 points ยท Posted at 02:06:24 on June 23, 2016 ยท (Permalink)
Not that that's necessarily wrong, lots of other things were impossible beyond a shadow of a doubt, that are commonplace now. Like me, talking to you, via invisible waves of energy.
incredible_mr_e ยท 2 points ยท Posted at 03:09:02 on June 23, 2016 ยท (Permalink)
I don't think those things were considered impossible as much as they were simply inconceivable. I don't imagine anyone bothered doing reams of calculations to prove that you couldn't communicate with radio waves and having their math seemingly check out when subjected to peer review, only to get blown away by the invention of the radio.
I'm not saying that revolutionary advances in physics couldn't change our understanding of what is and isn't possible, but the analogy doesn't really apply.
buddythegreat ยท 0 points ยท Posted at 23:11:29 on June 22, 2016 ยท (Permalink)
Only within the limits of a 4D universe.
[deleted] ยท 1 points ยท Posted at 00:41:56 on June 23, 2016 ยท (Permalink)
Is there a difference in higher dimensional spacetimes?
buddythegreat ยท 1 points ยท Posted at 01:19:40 on June 23, 2016 ยท (Permalink)
Not sure. Many leading theoretical physics theories call for many more spacial dimensions than the three we are used to. So... maybe?
Prod_Is_For_Testing ยท -3 points ยท Posted at 23:14:52 on June 22, 2016 ยท (Permalink)
No he's really not joking. There are theoretical plans in place to create a quantum internet system based on quantum computers and quantum mechanics. Using entangled qubit pairs, one can instantaneously transfer data over near infinite distances. So, if you create pairs, then send one of the qubits across the ocean via shipping container (the qubits can actually be stored in diamond lattice structures and transported), you essentially have a perfect data relay system. The problem comes with entanglement integrity - the link between qubits breaks over time, so there will need to be new shipments every few months. Universities and research institutes have already proven that it works with small scale tests
splittingheirs ยท 4 points ยท Posted at 23:32:34 on June 22, 2016 ยท (Permalink)
You cannot transfer information instantly. People get confused when they hear that quantum entanglement results in an instantaneous effect on it's partner and they mistake this for instant information transference.
The problem is: the results of entanglement are 100% random. So you are able to receive instant transference of 100% random noise. You cannot transfer information that consists of 100% random noise, its just random useless noise.
In order to make use of entanglement: a message is encrypted using the entangled noise, then sent via conventional means (like a radio or electrical signal) and then decrypted at the other end with the other copy of the entangled noise. This allows for unbreakable quantum encryption (due to intrinsic quantum properties), but instantaneous transfer of information via quantum transmissions is not possible.
PS: scientist believe the speed of light limit should be renamed to "the speed of information limit" as that is what is truly represented by the limit of the speed of light. Useful information cannot, under any circumstances, travel faster than light, even though other inconsequential effects, like entanglement, can.
diditalforthewookie ยท 1 points ยท Posted at 23:38:54 on June 22, 2016 ยท (Permalink)
The benefit of entanglement isn't that it's a perfect source of randomness, we already can do that, it's that both parties would be able to tell if the communication was observed and therefore the state decoherent.
Prod_Is_For_Testing ยท -1 points ยท Posted at 23:52:35 on June 22, 2016 ยท (Permalink)
The issue here is that pesky little "faster than light" caveat. Sure, nothing can travel over a distance while moving faster than the speed of light. But with certain elements of quantum mechanics, that physical distance as we perceive it quite simply does not exist. For example, quantum hyperdrives. Still theoretical, I know, but they would allow an object to effectively move faster than light without violating the laws of physics. Instead of making the object move incredibly fast, the space around the object is warped to shorten the actual distance being traveled. Similar properties might be applicable for quantum computing after further research - there is a possibility that the physical distance between entangled photons could be negated. Quantum mechanics are still not entirely understood and the things we know could still be disproved or improved.
imamydesk ยท 1 points ยท Posted at 02:40:14 on June 23, 2016 ยท (Permalink)
You could benefit a lot from formal education in the matter, rather than relying on popular science reporting. Much of what you say seem to stem from very unscientific, sensationalist reporting.
For example, "quantum hyperdrive" isn't a thing, nor is it close to what you described. What you described is a warp drive, like the theoretical Alcubierre drive, whose operation requires exotic matter with negative mass, which we have no reason to believe exists. It works entirely in the realm of relativity, not quantum mechanics.
imamydesk ยท 2 points ยท Posted at 02:37:23 on June 23, 2016 ยท (Permalink)
I suggest you actually read up on this, because it's very, very wrong.
Not exactly. You still need classical information transfer to work - see quantum teleportation. The main benefit of a quantum network isn't speed, but data security.
Myster_Perfect ยท -1 points ยท Posted at 23:07:07 on June 22, 2016 ยท (Permalink)
Isnt that what quantom entaglement is, instantanious movement/ transfer? Gravitron comes to mind but its been a bit since physics.
Asterix1806 ยท 1 points ยท Posted at 23:27:43 on June 22, 2016 ยท (Permalink)
As I recall from some YouTube video, quantum entanglement means that two tangled half-spin particles will instantly get opposite spins the moment that the spin of one of the particles becomes decided.
The catch was, I think, that you can't affect what the spin will become. So no communication via entanglement.
Also, gravitons, like photons and other massless particles, travel at light speed.
incredible_mr_e ยท 1 points ยท Posted at 03:11:16 on June 23, 2016 ยท (Permalink)
Sort of, but not really. My understanding of it is that you can entangle photons or somesuch together, but you couldn't use entanglement to encode or transmit any kind of information, instantly or otherwise.
Siniroth ยท 0 points ยท Posted at 23:28:26 on June 22, 2016 ยท (Permalink)
The debate is whether or not you can transfer information faster than the speed of light. The quantum thing works, but the argument is that any meaning can't be derived faster than light speed travel of an equal amount of information.
I think that's only limited in how well we transfer the information, obviously we can compress information so it shouldn't be difficult in theory to do the same, but in practice it will probably take a long while to get beyond the simple information transfer portion
[deleted] ยท 2 points ยท Posted at 00:48:56 on June 23, 2016 ยท (Permalink)
Not sure what you're suggesting, but the limitation that information can't be sent faster than light isn't just a practical limitation. It's a theoretical limitation (and a fundamental one at that).
Siniroth ยท 1 points ยท Posted at 01:10:55 on June 23, 2016 ยท (Permalink)
As far as we know, yeah.
The way it was explained to me is that I can move a particle, and this other particle will move identically, but unless I tell you how I moved the particle myself, you can't distinguish that information from random movement (since it's not at 0K). At some point we should be able to move it in specific series of deliberate movements and have that translate into information that is more practically useful than 'I moved it in the following directions and the following distances'.
[deleted] ยท 2 points ยท Posted at 01:29:55 on June 23, 2016 ยท (Permalink)
That's not really how it works, at all. If we could instantaneously control the movement of one particle by moving a different particle, that by itself would be faster than light communication, which is exactly what is not possible. (And it's not possible in any conditions. Temperature has nothing to do with it.)
Siniroth ยท 1 points ยท Posted at 01:37:24 on June 23, 2016 ยท (Permalink)
Then it was explained to me wrong, cheers (and temperature was only mentioned because the only way for anything to have absolutely 0 movement is to be at 0K, so in this wrong explanation there's no way to have these particles that one could manipulate be perfectly still until it's time to move them, which would, if this worked, obviously make this transfer of information very easy)
Myster_Perfect ยท -6 points ยท Posted at 23:10:48 on June 22, 2016 ยท (Permalink)
Lol might as well have said cruton. I meant neutrino or tachyon. If you ever heard anyone talk about quantom physics being strange its because it doesnt follow the rules of traditional physics, thing get weird at the subatomic level. Ie adiabetic quantom computer
calicosiside ยท 2 points ยท Posted at 23:24:51 on June 22, 2016 ยท (Permalink)
Yes, but even in the realm of quantum physics information cannot travel faster than c (speed of light in a perfect vacuum)
ToRagnarok ยท 1 points ยท Posted at 00:57:12 on June 23, 2016 ยท (Permalink)
I already invested in your time travel idea.
MagicHamsta ยท 1 points ยท Posted at 03:01:20 on June 23, 2016 ยท (Permalink)
Why stop there? Send an almanac back to the past!.....wait, it's been done before?
UnlikelyToBeEaten ยท 1 points ยท Posted at 03:21:05 on June 23, 2016 ยท (Permalink)
I've read about someone wanting to send neutrinos through the earth to save the time needed to go around.
http://www.investopedia.com/financial-edge/0712/the-future-of-stock-trading-neutrino-beams.aspx
pilotblu ยท 1 points ยท Posted at 23:45:17 on June 22, 2016 ยท (Permalink)
Quantum entanglement. Just the thought of that turns me on.
missamelie15 ยท 1 points ยท Posted at 00:04:43 on June 23, 2016 ยท (Permalink)
I'm joking and being serious simultaneously
dohawayagain ยท 0 points ยท Posted at 01:13:18 on June 23, 2016 ยท (Permalink)
Ftl neutrinos got some interest from the hft sector.
audacesfortunajuvat ยท 1 points ยท Posted at 00:14:14 on June 23, 2016 ยท (Permalink)
No money for housing tho.
Sinrave ยท 1 points ยท Posted at 02:55:34 on June 23, 2016 ยท (Permalink)
Wow, I wasn't aware there was an Adblocker for chrome on non-rooted Android...
[deleted] ยท 1 points ยท Posted at 04:18:50 on June 23, 2016 ยท (Permalink)
Drilling holes through the Earth's crust so you can lay the cables in a straight line instead of following the planet's curvature.
kwark_uk ยท 143 points ยท Posted at 22:23:02 on June 22, 2016 ยท (Permalink)
There was an insider trading case that was proven when the trader forgot to build latency into his trade and his program that did the trade the moment the news went public did it literally the moment the news went public, before the news could have reached him.
peacemaker2007 ยท 85 points ยท Posted at 01:54:03 on June 23, 2016 ยท (Permalink)
My eyes that read this twice had to literally read this twice.
Scientolojesus ยท 2 points ยท Posted at 04:05:52 on June 23, 2016 ยท (Permalink)
What they're saying is his program that did the trade the moment the news went public did it literally the moment the news went public.
Got it now?
kwark_uk ยท 2 points ยท Posted at 14:43:54 on June 23, 2016 ยท (Permalink)
I meant it the way I wrote it. He got ahead of other programs that were trying to trade off of the news by beating the speed of light delay that they had to get the news. His program didn't just do it as it happened, it did it literally the moment it happened, down to the instant.
Zskills ยท 1 points ยท Posted at 07:34:43 on June 23, 2016 ยท (Permalink)
...nice.
hogger85 ยท 1 points ยท Posted at 11:36:10 on June 23, 2016 ยท (Permalink)*
I think he is discussing the difference between what common speech would call "the moment" (perhaps within 1s") the literal definition of "the moment" eg 2pm and 0 nanoseconds UTC by the atomic clock (or even finer eg 0x10-infinity)
This was about some company trading data published on the hour. To be a fair trade it should be initiated 2ms after the hour to allow time for his pc to "know about his" yet he ran his codeon the hour Exactly
freakincampers ยท 41 points ยท Posted at 23:12:11 on June 22, 2016 ยท (Permalink)
Wasn't it that the trades were breaking the speed of light? His trades were going faster than the speed of light, so there was no way he could make trades that fast?
tikhead ยท 35 points ยท Posted at 00:33:40 on June 23, 2016 ยท (Permalink)*
I think the issue was that there were trades that were executed in Chicago and New York at precisely the same time, reacting to news that was released in Washington, and that the traders having acted when they did would have had to have the information get to them faster than the speed of light traveling from Washington to Chicago, or what likely happened was that they somehow were leaked the information. NY would have gotten the information sooner due to its proximity.
milkand24601 ยท 2 points ยท Posted at 03:58:22 on June 23, 2016 ยท (Permalink)
Two trains full of stock information leave Washington, headed to NY and Chicago...
pilgrimboy ยท 2 points ยท Posted at 00:49:53 on June 23, 2016 ยท (Permalink)
If only I was a politician sitting in the room. Immunity, baby. And sell.
FireLucid ยท 1 points ยท Posted at 03:16:33 on June 23, 2016 ยท (Permalink)
So the news release was timed to the millisecond to be the same with the trades?
tikhead ยท 2 points ยท Posted at 04:14:39 on June 23, 2016 ยท (Permalink)
I believe the news release was timed to be exactly at 2pm, which means the earliest that Chicago could have possibly known about the news would have been 2pm + x which is the time it takes for data moving through wires which is slightly slower than the speed of light to reach Chicago. It was revealed that there were trades executed at 2pm + (a value less than x), and it was surmised that the Chicago traders had illegally obtained the news before it had been released.
FireLucid ยท 1 points ยท Posted at 05:07:23 on June 23, 2016 ยท (Permalink)
Ahh thanks.
Boukish ยท 10 points ยท Posted at 23:43:27 on June 22, 2016 ยท (Permalink)
Yeah, if he had no prior knowledge. Obviously he was making trades that fast, hence the indictment.
vinboslice ยท 2 points ยท Posted at 02:38:12 on June 23, 2016 ยท (Permalink)
Yes it was the speed of light so thats how they knew it was insider trading. But it was more so that the info to get to him would have been 7 milliseconds at the speed of light and apparently he traded in 2 milliseconds of the annoucement
https://www.reddit.com/r/todayilearned/comments/3myf30/
HologramChicken ยท 2 points ยท Posted at 00:28:07 on June 23, 2016 ยท (Permalink)
And how did they prove that he based this trade off of the news (that had yet to reach him)?
Rebax ยท 6 points ยท Posted at 02:27:42 on June 23, 2016 ยท (Permalink)
They didn't prove that, that was his defense - that he traded based on a public news release. But the govt could show there was no physical way he could have reacted to the public news as fast as he made his trades, thus the trades were made on insider information. Basically, he timed the trade to occur at the moment the public news was released but forgot to consider a legitimate trader would have some sort of lag time between the news release and trade execution
HologramChicken ยท 1 points ยท Posted at 03:04:56 on June 23, 2016 ยท (Permalink)
Yeah that's what I meant by "news", I meant the information that the news was obviously covering if that was his defense.
Rebax ยท 1 points ยท Posted at 03:18:31 on June 23, 2016 ยท (Permalink)
Insider trading can essentially be proven circumstantially or by inference since it is often impossible to show someone acted on information that they were obviously trying to conceal or secret away
HologramChicken ยท 2 points ยท Posted at 03:31:52 on June 23, 2016 ยท (Permalink)
Does the person getting charged get less leeway in the "doubt" portion of "guilty beyond reasonable doubt" compared to someone charged with a non-stock related crime?
Sorry if my questions aren't making a lot of sense, I really know little about this kind of stuff.
Rebax ยท 1 points ยท Posted at 03:58:37 on June 23, 2016 ยท (Permalink)
Well, there are two types of enforcement actions - civil, brought by the SEC (agency that regulates securities trading, and criminal, brought by the Dept of Justice. In criminal court, the govt has to prove every element of insider trading beyond a reasonable doubt. In a civil action, the SECs burden is lower and if they can make a "prima facie" case (basically that you profited from a trade that you wouldn't other wise have made) the defendant may then have the burden of proving they weren't acting on inside info. Because the SEC can ban you from ever trading securities and levy huge fines (and because criminal cases usually don't result in long sentences) the civil threat can be as bad or worse as a criminal charge
kwark_uk ยท 1 points ยท Posted at 14:46:32 on June 23, 2016 ยท (Permalink)
They didn't, they proved that his trade couldn't have been based off of the news because the news would have had to have traveled faster than the speed of light for that to happen. He was insider trading, his excuse was that he was acting off the same news as all the other traders but this couldn't be true because the news hadn't yet reached him when the trade was issued.
iviondayjr ยท 1 points ยท Posted at 06:39:08 on June 23, 2016 ยท (Permalink)
"build latency into his trade" dude seriously? no trader would artificially, purposefully build latency into an algo. They are specifically designed to be quick, run the quickest code, and be efficient. Latency is natural when sending signals and is due to a number of factors.
kwark_uk ยท 2 points ยท Posted at 14:41:57 on June 23, 2016 ยท (Permalink)
Except his program issued the trade before a speed of light delay after the news was released to allow the news to get to his city. That's the point. He was insider trading. His excuse was "I was just trading very soon after the news" but he forgot to build in a speed of light delay for the news to get to his city.
kwark_uk ยท 1 points ยท Posted at 14:43:00 on June 23, 2016 ยท (Permalink)
Except his program issued the trade before a speed of light delay after the news was released to allow the news to get to his city. That's the point. He was insider trading. His excuse was "I was just trading very soon after the news" but he forgot to build in a speed of light delay for the news to get to his city.
CAW4 ยท 44 points ยท Posted at 22:54:09 on June 22, 2016 ยท (Permalink)
Amateurs
PMmeuroneweirdtrick ยท 2 points ยท Posted at 10:42:00 on June 23, 2016 ยท (Permalink)
Filthy casuals
hypermog ยท 102 points ยท Posted at 22:19:42 on June 22, 2016 ยท (Permalink)
A guy named Brad Katsuyama actually created an entirely new stock exchange to combat this. The SEC just approved it last Friday.
t35t0r ยท 16 points ยท Posted at 23:44:44 on June 22, 2016 ยท (Permalink)*
yup heard about that, so essentially a new exchange was formed based on :
for (;;) { usleep(350); executeTrade(); }hypermog ยท 9 points ยท Posted at 23:57:05 on June 22, 2016 ยท (Permalink)*
According to this WSJ infographic they did it with 38 miles of fiber. Wikipedia describes that too, citing this NYT article.
palindromic ยท 13 points ยท Posted at 00:13:16 on June 23, 2016 ยท (Permalink)
38 miles of fiber.. spooled into a bucket basically
A_Hairless_Trollrat ยท 1 points ยท Posted at 02:51:16 on June 23, 2016 ยท (Permalink)
Well a spool of fiber is a decent size for just a few hundred feet. More like a Humongous barrel.
UlyssesSKrunk ยท 1 points ยท Posted at 05:48:00 on June 23, 2016 ยท (Permalink)
Can somebody explain how that's supposed to work exactly? I just don't get how adding a constant delay to everything will affect anything. There is still variable distance that so people who are closer will still get to send their trades back before people further away.
Poppy_Tears ยท 1 points ยท Posted at 07:36:58 on June 23, 2016 ยท (Permalink)
There's a floor to the latency that nobody can pass under
TitaniumDragon ยท 7 points ยท Posted at 02:36:18 on June 23, 2016 ยท (Permalink)
It seems like this is an inferior solution to simply executing trades once per second, on the second, in a randomized order.
MEDBEDb ยท 1 points ยท Posted at 06:14:13 on June 23, 2016 ยท (Permalink)
Yuuuuuup.
bollvirtuoso ยท 1 points ยท Posted at 06:21:27 on June 23, 2016 ยท (Permalink)*
If there's a sudden demand to buy a stock at a certain price, but a limited supply, shouldn't the orders be filled in the order received? Suppose you got to the grocery store and got the last [whatever], but when you got to the checkout line, you learn that other people want it, so they hold a random lottery and give it to the winner. Moreover, people buy securities in different sizes. How would you settle a trade where five people each want different quantities, possibly by orders of magnitude? Like, if one person wants a hundred apples, another person wants one, and a third person wants a thousand, and they only have five hundred? Should they fill the smallest orders and leave the large buyer at the mercy of the other two? That's a severe price distortion. Should it go to the biggest buyer, even if he placed his order last? This would allow wealthy investors to corner markets just by placing larger orders. That also causes price distortions. FIFO seems to be the most efficient way.
TitaniumDragon ยท 3 points ยท Posted at 07:53:07 on June 23, 2016 ยท (Permalink)
The idea is to make it turn-based. Right now, your physical distance from the exchange alters how fast you can trade stocks. This gives traders who are physically closer to the stock markets an unfair advantage, and also enables shenanigans like microarbitrage, where you buy stocks a split-second ahead of someone else and then jack up the price fractionally because you have a faster connection than they do. It also allows some forms of what amounts to insider trading on the microsecond level by detecting someone else sending a buy at some price, then using your faster connection to buy stocks at a marginally lower price than that and then sell them at a fractionally higher price to the person whose buy order you just beat by 20 microseconds.
And yes, people actually do this.
This is not good.
At once per second, everyone is on equal footing, and there's no advantage to, say, building a floating island in between London and New York City, which in the present-day system could actually help you do some forms of trading and arbitrage and make money.
The fact that this obviously useless activity would somehow be economically rewarded indicates that the system is fundamentally broken.
The idea behind executing trades once per second, on the second is that it basically becomes turn-based and no one gains an advantage because they are 20 microseconds faster than someone else and also cuts out a lot of possible shenanigans with microarbitrage and millisecond insider trading.
There are possibly better systems than randomizing it - u/Stewardy pointed out a potentially better system, where you could split buys up across multiple buyers.
But making it so that people with millisecond or even microsecond advantages can't get some sort of advantage over the rest of the pack is a good thing.
bollvirtuoso ยท 1 points ยท Posted at 06:36:36 on June 25, 2016 ยท (Permalink)*
Sure, yeah, I've heard of front-running. But wouldn't that be covered by current law? Or is it too fast to be detectable?
EDIT: Also, to your point about islands -- yes, that is true, and kind of funny, thinking about it that way. It points out that the system is inefficient, rather than showing that building an island is inefficient. In this case, though, the inefficiency is the speed of light, so I guess we're stuck with it.
I'm wondering, however, if the way bitcoin keeps its value and ownership updated in real-time, securely, is something that could be implemented with the exchange. If every trade updates everyone's list as to who owns what at which price, there wouldn't need to be an exchange. It could be decentralized. This would solve the inefficiency, as it is no longer location-based.
TitaniumDragon ยท 1 points ยท Posted at 07:21:48 on June 25, 2016 ยท (Permalink)
Front-running is when you're using your knowledge of your customers' orders to buy stocks ahead of them for personal gain.
If you're buying ahead of someone else, though, that's not actually illegal.
It is hard to argue that it is insider trading as well - you're just reacting faster to news than everyone else, but the news itself was made public.
Bitcoin is vulnerable to 51% attacks, and the sort of decentralization you'd be dealing with here could cause weird arbitrage issues.
Having a central exchange serving out to people is much more efficient.
Stewardy ยท 2 points ยท Posted at 06:43:29 on June 23, 2016 ยท (Permalink)
If trade request came at the same time (same previous second, I guess), couldn't you "just" give a consecutive series of 1 to the willing buyers?
The order of the 1 series being determined by the time the order was placed.
So A wants 10 stocks and is first to bid, B wants 5 and is second to bid, C wants 10,000 and is third to bid.
There are a total of 14 stocks to buy, so the series goes: A, B, C till the supply runs out.
Meaning A gets 5, B gets 5, and C gets 4.
bollvirtuoso ยท 2 points ยท Posted at 06:50:15 on June 23, 2016 ยท (Permalink)*
What would happen if more supply comes onto the market? Also, what happens when more demand comes onto the market? Suppose buyer D and E jump into the fray. As the list grows longer, the likelihood of anyone ever filling their order diminishes. For example, if there are three buyers and all three want 10,000 stocks, and there end up being, like, 29,999, then the system has to execute 29,999 trades. The numbers are much larger in real life. The transaction costs, not to mention delays, would be unfathomable. It's an interesting thought, though. It just seems like the number of operations required increase at a pretty high rate as the input size grows.
Stewardy ยท 3 points ยท Posted at 07:01:55 on June 23, 2016 ยท (Permalink)
I'm assuming that clever IT people can actually make the computer do a simple calculation to avoid doing 29,999 trades in that one second, and instead do just X trade where X is the amount of buyers exist at that second - working out the end result and conducting the trades.
As far as more supply coming into the market, that supply wouldn't exist before being declared at that second (the second, in which the supply from the previous second is being distributed according to the demand), and so wouldn't be available till the ensuing second (or maybe supply is available the same second it is declared, that doesn't really matter - if it's workable). Presumably anyone putting in an order for 10,000 units at price X would still be interested a second later - probably they'd be presumed interested till they state otherwise.
It does raise a question of whether someone who put in an order at time t should get some sort of increasing preference over people who join at increasingly late times.
Perhaps the demand of previous seconds simply needs to be met, before any additional demand is considered. From what I gather about HFT, 1 second is more than enough time to trade (apparently).
bollvirtuoso ยท 1 points ยท Posted at 06:48:34 on June 25, 2016 ยท (Permalink)
But there's a second optimization problem built into this: "supply" is a seller, meaning they want their trade to execute at the highest price, while the buyer wants the lowest price. There once was a middleman who wanted to make this spread larger and profit on the difference, but I think with automated trading, that difference is becoming marginal. Probably still a good source of income, given the volume and value of trades, though, but I'd imagine it's a much thinner edge. Used to be like a penny. Now, the bid-ask spread is probably fractional.
I think the way the system currently works is as follows: if seller A, B, C enter the market, and want to sell stocks at 30, 29, and 28, respectively, each with 10,000; 40,000; and 100,000 shares, also respectively, and buyer X wants 100,000, then it would fill 10,000 @ $28, 40,000 @ $29, and 50,000 @ $30. Unless the last seller puts in an order not to sell unless the entire lot is sold. In that case, the buyer would only end up with 50,000 shares, unless he also will not fill an incomplete order. In that case, he'll have to wait for it to be filled. I think the problem is the front-running as TitaniumDragon pointed out above -- if someone sees these orders coming in faster than everyone else, then they can immediately put up 50,000 shares at like $35, and make sure it gets to the front of the line. This creates a price inefficiency. It may also be illegal.
Stewardy ยท 1 points ยท Posted at 09:52:30 on June 25, 2016 ยท (Permalink)
I think I get the idea behind not wanting to buy the current supply, if you can't get the amount you want.
But that doesn't mean the system has to abide by this desire. If you put in an order to buy 100,000 stocks, but only 67,000 are available at prices at or below what you specified, shouldn't you just get them.
I mean what's the purpose/benefit of allowing someone to say: I want to buy stocks at price $30 - but only if I can buy 100,000 stocks? And similarly for a seller, I want to sell my 50,000 stocks at the highest price possible, but no lower than $31.
I can see many issues crop up, but they seem to be issues that would already exist within any given system. Therefore they presumably have solutions already?
Like if I want to sell 50,000 stock at no lower then $30, and someone wants to buy 50,000 stock at no higher than $32. Would the system sell my stock at 30 or 32? I'm assuming 30, since I've committed to being willing to sell at the price, but why wouldn't it be 32, since the buyer has committed to buy at 32...
bollvirtuoso ยท 2 points ยท Posted at 08:33:38 on June 30, 2016 ยท (Permalink)*
You can place certain order types. A limit-buy order says you will only buy the stock if it ticks at price X or lower. However, if it shoots up in the next second, you're stuck with it. That's not usually a problem. Same with limit-sell. A market order is one to fill stocks at whatever price is available.
Stocks, now, are probably the most liquid asset, or maybe bonds, but not by much more, if it is bonds. The volume is immense, like millions of trades a day. It's typically not a problem to fill orders, but that's what the broker-dealer is there for, to act as a middleman and facilitate trades. He might keep an amount of certain stocks in his inventory, so that if there is an order that can't be filled fully, he can fill the rest, but maybe demand a higher spread (i.e., the difference between the buy price and the sell price). NASDAQ is actually an automated system, but it is still a dealer. It's the National Association of Dealers Automated Quotient system. So, it lets computers handle stuff, instead of a broker literally sitting on the trading floor and moving around stock certificates from his safe. Auction exchanges work differently. I think those are filled in order of highest bidder. I believe the NYSE is an auction exchange.
As to your question, it would sell at $32. Because you are looking for the highest price, and 30 is just a floor. It would be quite dumb if the stock was selling at sixty, but your limit order forced you to sell at 30. There is an instrument if you want to do that -- it's a derivative product. But that's typically used for hedging purposes, by a dealer for example. There are speculative uses as well, such as betting on a market direction. If you can get a promise for someone to sell at stock at $30, while it's trading at $60, you can immediately make a $30/100% profit. This is a profoundly-unlikely scenario. That would be an options contract.
There is a lot of good information at investopedia. I'd suggest it, if you're looking at learning. If you want to go a bit beyond that, I always suggest The Intelligent Investor by Benjamin Graham. That's based on value-investing. There's also a different theory, which does not believe there is value in markets because all stocks are efficiently-priced. In that case, I might suggest A Random Walk Down Wall Street or most books on technical analysis. Honestly, I think a well-rounded investor should have a basic understanding of the principles of both fields. If you really, really want to learn about stock pricing, I like McKinsey's Valuation. It's straightforward, but really digs into the core of what valuation is all about.
But, the absolute best thing for 99% of investors is to find an index fund and put in the same amount of money per fixed period of time. For example, you might use the S&P500 index fund -- called and ETF, or Exchange-Traded Fund -- and put $100 in it each month. If the market is low, then you'll buy more, while if the market is high, you'll buy less. It averages out over time to a good cost-basis. This is called dollar-cost averaging. It's also what Graham recommends, actually, for most investors. There's a lot of work to actively-managing a portfolio, and most of the time, you won't beat the market. If you look at correlations, a very large part of a stock's movement is linked to the market, then the next largest is to the sector, and only then to the actual company itself.
Stewardy ยท 1 points ยท Posted at 08:59:36 on June 30, 2016 ยท (Permalink)
Wow!
Thanks for the very comprehensive reply.
The point relating directly to my question is this:
And I agree that it would be dumb, to be forced to sell at $30. To me though, it also seems dumb to be forced to buy at $32, if someone is willing to sell at $30. But I might just be too strictly applying some tangible-product analogy in my head :)
I can't promise I'll look into the various sources you cite, though it sort of weirdly looks interesting. I may do so, but I've only just started to consider perhaps beginning to dip the toes, so to speak - so a ways off :)
Thanks again for the informative "Wall'o'txt" :D
bollvirtuoso ยท 1 points ยท Posted at 07:03:12 on July 2, 2016 ยท (Permalink)
Oh, you wouldn't be forced to buy. If there's a limit-sell order at $32, and a limit-buy at $30, there's no transaction. The whole crux, holy grail, raison d'etre of the market system (according to the people who perpetuate it, so it's not really an unbiased source) is efficiency, especially price efficiency. The idea is that a stock's value should reflect all publicly-available (possibly even non-public, as some believe that insider trading is happening all the time, and even that is priced in) data, so that the price per share is as close to the true value of a company as possible.
To that end, transactions should only occur when there's an agreement. Supply meets demand. The freer people are to buy and sell, at the prices they want, the more likely the stock's value is to end up at the "correct" price. Not everyone believes this is true, or even possible.
Anyway, happy to help. Let me know if you have any questions -- what I know, I'm always willing to share.
eyedharma ยท 2 points ยท Posted at 23:18:47 on June 22, 2016 ยท (Permalink)
I was just listening to him on NPR today..i feel so knowledgeable
2mice ยท 5 points ยท Posted at 02:25:34 on June 23, 2016 ยท (Permalink)
i have no idea what anyone is talking about, why am i still reading all this?
dohawayagain ยท 0 points ยท Posted at 01:20:40 on June 23, 2016 ยท (Permalink)
Ironic, given the subject.
[deleted] ยท 2 points ยท Posted at 23:20:15 on June 22, 2016 ยท (Permalink)
I was going to mention this. Watching it play out will be super interesting.
Quote58 ยท 2 points ยท Posted at 23:25:20 on June 22, 2016 ยท (Permalink)
That's fucking awesome, I really hope it works out
GuyInARoom ยท 1 points ยท Posted at 05:37:45 on June 23, 2016 ยท (Permalink)
The book Flash Boys covers this in great detail. Fantastic read. Same author as Moneyball and The Big Short.
[deleted] ยท -1 points ยท Posted at 00:34:45 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 2 points ยท Posted at 00:41:04 on June 23, 2016 ยท (Permalink)*
[deleted]
[deleted] ยท -1 points ยท Posted at 00:47:45 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 1 points ยท Posted at 00:48:53 on June 23, 2016 ยท (Permalink)*
[deleted]
OurSuiGeneris ยท 1 points ยท Posted at 01:04:21 on June 23, 2016 ยท (Permalink)
[citation needed]
SgvSth ยท 1 points ยท Posted at 01:20:43 on June 23, 2016 ยท (Permalink)
[citation]
OurSuiGeneris ยท 1 points ยท Posted at 02:01:39 on June 23, 2016 ยท (Permalink)
Uhh.... How is that a citation for what he was saying?
SgvSth ยท 1 points ยท Posted at 03:50:33 on June 23, 2016 ยท (Permalink)
to
Additionally the NYTimes link in that post should cover the other weaknesses and the rest
SgvSth ยท 1 points ยท Posted at 03:50:35 on June 23, 2016 ยท (Permalink)
to
Additionally the NYTimes link in that post should cover the other weaknesses and the rest
SgvSth ยท 1 points ยท Posted at 03:50:55 on June 23, 2016 ยท (Permalink)
to
Additionally the NYTimes link in that post should cover the other weaknesses and the rest
SgvSth ยท 1 points ยท Posted at 04:08:04 on June 23, 2016 ยท (Permalink)
to
Additionally the NYTimes link in that post should cover the other weaknesses and the rest
candybomberz ยท 26 points ยท Posted at 22:13:24 on June 22, 2016 ยท (Permalink)*
I hope they build the worlds first warp gate/drive or quantum communications channel just to speed up their operations.
phatbrasil ยท 42 points ยท Posted at 22:40:33 on June 22, 2016 ยท (Permalink)
It's how time travel got invented.
"I will have made that trade yesterday a week from now"
But it got shut down after too many people where becoming their own grandfathers.
MAG7C ยท 22 points ยท Posted at 00:24:00 on June 23, 2016 ยท (Permalink)
Well, I did do the nasty in the pasty.
DerpDog47 ยท 1 points ยท Posted at 08:01:32 on June 23, 2016 ยท (Permalink)
Fry, dammit. Well, you still exist, so that's good.
Iainfixie ยท 5 points ยท Posted at 00:45:16 on June 23, 2016 ยท (Permalink)
That many people want to lay pipe in their nana's fuzzchamber?
bawthedude ยท 2 points ยท Posted at 02:41:06 on June 23, 2016 ยท (Permalink)
Thats why over 80% of he populace is now stupid, too.
Timetraveling inbreeding
I_Stabbed_Jon_Snow ยท 2 points ยท Posted at 02:57:35 on June 23, 2016 ยท (Permalink)
My grandmother was a hottie when she was young.
TitaniumDragon ยท 1 points ยท Posted at 02:36:50 on June 23, 2016 ยท (Permalink)
https://www.youtube.com/watch?v=eYlJH81dSiw
occupythekitchen ยท 13 points ยท Posted at 22:11:18 on June 22, 2016 ยท (Permalink)
So that's why the Chinese are making underwater laboratories
KeenanAllnIvryWayans ยท 17 points ยท Posted at 22:32:00 on June 22, 2016 ยท (Permalink)
We joke about China but 30 years from now they'll be the ones angry at the rest of the world for ripping off their technology. I can't wait for them to get a taste of their own medicine.
Eschirhart ยท 2 points ยท Posted at 23:37:35 on June 22, 2016 ยท (Permalink)
even though China doesn't care about foreign copyright do they have some IP protection for their own companies?
KeenanAllnIvryWayans ยท 4 points ยท Posted at 23:39:24 on June 22, 2016 ยท (Permalink)
So the IP laws are in place for international and domestic copyright laws. Its the enforcement that is struggling.
pkiff ยท 1 points ยท Posted at 02:21:54 on June 23, 2016 ยท (Permalink)
me Chinese, me make joke, me put peepee in your coke.
Winterplatypus ยท 0 points ยท Posted at 06:26:36 on June 23, 2016 ยท (Permalink)
"Damn, I really regret stealing everyones technology now that we are world leaders in technology. You all showed us the error of our ways."
That's like saying you hope a thief steals enough to become a billionaire so that people will try and steal from them.
KeenanAllnIvryWayans ยท 2 points ยท Posted at 16:52:07 on June 23, 2016 ยท (Permalink)
China is spending a lot of its own resources into it own research and technology. Some really cool science is coming out of China right now. This is even without the theft of other people's IP.
I'm not hoping they'll do anything. They are going to have some of their own huge technological breakthroughs. And then they'll have to deal with the rest of the world ripping off their shit.
loopyroberts ยท 7 points ยท Posted at 22:18:49 on June 22, 2016 ยท (Permalink)
And across the country they use microwave links because the speed of propagation in air is greater than of that in fibre.
[deleted] ยท 5 points ยท Posted at 22:45:00 on June 22, 2016 ยท (Permalink)*
[deleted]
[deleted] ยท 1 points ยท Posted at 01:59:13 on June 23, 2016 ยท (Permalink)
That would cost more than you would gain from the faster trades.
elimc ยท 2 points ยท Posted at 22:46:46 on June 22, 2016 ยท (Permalink)
They will eventually use stationary UAVs that will beam information to one another. They will be able to connect London and New York in a straight line, rather than going through undersea cables, which aren't completely straight. Sure, they can send data at the speed of light, but, if they are in any way circuitous, it's too slow.
sashafrank123 ยท 2 points ยท Posted at 23:07:57 on June 22, 2016 ยท (Permalink)
A floating stock exchange in the middle of the Atlantic.
That's actually a serious proposal...
Xuttuh ยท 2 points ยท Posted at 23:24:49 on June 22, 2016 ยท (Permalink)
A CTC computer doing trading.
CaterpillerThe ยท 1 points ยท Posted at 22:12:15 on June 22, 2016 ยท (Permalink)
The exchange selling direct lines.
g2f1g6n1 ยท 1 points ยท Posted at 22:42:46 on June 22, 2016 ยท (Permalink)
Serious question: how can I get my hands on a space in that rack and an algorithm?
warp_driver ยท 1 points ยท Posted at 23:20:20 on June 22, 2016 ยท (Permalink)
Money. Lots of it.
g2f1g6n1 ยท 2 points ยท Posted at 23:22:28 on June 22, 2016 ยท (Permalink)
OK. Say I have lots of money, air, water, enough skin to keep my blood and organs inside my body, what next? Special licenses? Some sort of contract? A corporation?
jasmineearlgrey ยท 2 points ยท Posted at 23:38:46 on June 22, 2016 ยท (Permalink)
Phone up the stock exchange and ask.
admbrotario ยท 0 points ยท Posted at 23:51:28 on June 22, 2016 ยท (Permalink)
And say: I want to invest hundreds of millions into you to compete "fairly" against my oponents...
g2f1g6n1 ยท 1 points ยท Posted at 00:23:29 on June 23, 2016 ยท (Permalink)
So we're talking hundreds of millions of dollars and actual nyse connections. Got it
warp_driver ยท 1 points ยท Posted at 00:25:15 on June 23, 2016 ยท (Permalink)
You need a contract with the exchange, that's what you use the money for. Then you need some sort of approval from the relevant regulator, a bit like a driving exam. After that you need money to actually buy and sell stocks or whatever is being traded. This is the mechanical part, but you can still lose a ton of money from here. To actually make money you need some logic to decide when to buy or sell. For this you need to either be very smart or hire some very smart people, and you're set.
Do bear in mind that this is only relevant if you want to buy and sell within minutes/hours. If you want to buy a stock today and sell it tomorrow this is all completely irrelevant, you can do it from home on a regular Internet connection and only the being smart will matter. This does have a much higher variance in outcomes, though.
sashafrank123 ยท 1 points ยท Posted at 23:07:57 on June 22, 2016 ยท (Permalink)
A floating stock exchange in the middle of the Atlantic.
That's actually a serious proposal...
warp_driver ยท 1 points ยท Posted at 23:21:56 on June 22, 2016 ยท (Permalink)
Only if they can beam stuff out of there on a microwave. Fiber optics is slow.
thurst0n ยท 1 points ยท Posted at 23:29:27 on June 22, 2016 ยท (Permalink)
Not only that they build across the street or in adjacent lots to where the exchange servers are (which is in ironically not in NY but actually in NJ)
A company that came in to talk to our class was originally in Kansas City but moved across the country to NJ because it was literally too slow to travel 1500 miles. They now operate in nanoseconds instead of ms and he mentioned they will be talking picoseconds by 2020. Shit's insane.
admbrotario ยท 1 points ยท Posted at 23:57:22 on June 22, 2016 ยท (Permalink)
I have no idea about legal effects on stock trades, but dont all the exchanges needs to be human "approved"?
If yes, human perception cant go lower than 300ms.
thurst0n ยท 1 points ยท Posted at 00:09:59 on June 23, 2016 ยท (Permalink)
What does "exchanges need to be human approved"? Do you mean trades? The exchanges work directly with the HFT to co-locate data centers and servers. Not only do the HFT want to be able to buy and sell extremely quickly but the whole thing only works because they have the market prices so quickly as well. I don't know a whole lot more about it but here is an old article; it was the first one that came up when i googled "HFT Colocation"
http://blogs.wsj.com/marketbeat/2012/09/20/collocation-the-root-of-all-high-frequency-trading-evil/
admbrotario ยท 1 points ยท Posted at 00:55:55 on June 23, 2016 ยท (Permalink)
Yea! I mean shouldnt someone say buy X, Y or Z? Or they have it an application that will automatically buy stocks base on certain % up/down? Isnt regulated that someone should sign a "paper" saying yes, I want to buy that?
thurst0n ยท 1 points ยท Posted at 01:01:44 on June 23, 2016 ยท (Permalink)*
Well the companies are investing their own money as far as I understand it. That is their business, that's how their company makes money. The guy who came to our class said they only had one losing day since they started doing business, and that was due to some sort of bug.
siosilvar ยท 1 points ยท Posted at 19:43:26 on June 23, 2016 ยท (Permalink)
I find that hard to believe. The average human reaction time is faster than that, and dropped frames are super obvious at 30 FPS (~33ms). The limit seems to be about 13ms.
Classified0 ยท 1 points ยท Posted at 23:32:08 on June 22, 2016 ยท (Permalink)
One of my professors has an ex-student, who now works for a company in New York, developing programs to trade stocks based on Assembly, in order to minimize latency.
ncle_sam ยท 1 points ยท Posted at 23:44:18 on June 22, 2016 ยท (Permalink)
The year is 2016 then
gristly_adams ยท 1 points ยท Posted at 23:47:36 on June 22, 2016 ยท (Permalink)
That's because you're not using your imagination.
jakequade ยท 1 points ยท Posted at 23:50:01 on June 22, 2016 ยท (Permalink)
The next logical(?) step appears to be submarines.
[deleted] ยท 1 points ยท Posted at 00:05:09 on June 23, 2016 ยท (Permalink)
That episode of Radiolab was the coolest shit ever
djgizmo ยท 1 points ยท Posted at 00:12:11 on June 23, 2016 ยท (Permalink)
There are those that use laser line of sight point to point (100 miles) because someone discovered the latency for that distance on laser is less than fiber.
nvjar ยท 1 points ยท Posted at 00:15:04 on June 23, 2016 ยท (Permalink)
Also sometimes the speed of light is what catches crooks trading on insider info in this day and age. https://en.wikipedia.org/wiki/High-frequency_trading#Insider_trading
ktappe ยท 1 points ยท Posted at 00:22:01 on June 23, 2016 ยท (Permalink)
Trading faster than the speed of light.
Vigilante17 ยท 1 points ยท Posted at 00:39:54 on June 23, 2016 ยท (Permalink)
Trade in the middle of the Atlantic?
scottclowe ยท 1 points ยท Posted at 00:53:25 on June 23, 2016 ยท (Permalink)
Well they all got super excited when the LHC suggested neutrinos might travel faster than light.
cloud9ineteen ยท 1 points ยท Posted at 00:54:38 on June 23, 2016 ยท (Permalink)
Because cables aren't enough they set up a microwave link Chicago to new York to shave microseconds.
suicidal_duckface ยท 1 points ยท Posted at 00:57:12 on June 23, 2016 ยท (Permalink)
oil rig spliced into the cables in the mid-atlantic.
jmeza10 ยท 1 points ยท Posted at 01:20:45 on June 23, 2016 ยท (Permalink)
this is crazy, I never actually knew this existed
RaiderDamus ยท 1 points ยท Posted at 02:19:25 on June 23, 2016 ยท (Permalink)
This was the plot of an episode of Elementary.
TitaniumDragon ยท 1 points ยท Posted at 02:25:54 on June 23, 2016 ยท (Permalink)
People are talking about building a floating island between New York and London with a direct cable running to both exchanges so they can use microsecond advantage arbitrage to make money.
housefromtn ยท 1 points ยท Posted at 02:29:49 on June 23, 2016 ยท (Permalink)
They could all switch to fox.
reddog323 ยท 1 points ยท Posted at 02:43:39 on June 23, 2016 ยท (Permalink)
Laying their own network cables. They're already doing it domestically. It's only a matter of time before it will be profitable enough to lay their own undersea cables.
NormanQuacks345 ยท 1 points ยท Posted at 02:59:51 on June 23, 2016 ยท (Permalink)
Wait, they have undersea cables for that shit?!
siosilvar ยท 1 points ยท Posted at 04:07:22 on June 23, 2016 ยท (Permalink)
How do you think the Internet gets here from Europe?
NormanQuacks345 ยท 1 points ยท Posted at 05:03:13 on June 23, 2016 ยท (Permalink)
Uhhh....satellites, or Verision Wireless. IDK.
wicked-dog ยท 1 points ยท Posted at 03:30:45 on June 23, 2016 ยท (Permalink)
They could have funds worth billions that don't perform as well as random picks, that would be more ridiculous.
iOSGuy ยท 1 points ยท Posted at 03:56:56 on June 23, 2016 ยท (Permalink)
I've heard of this, but it would be super interesting to read in depth how it was accomplished.
friendly-confines ยท 1 points ยท Posted at 04:23:46 on June 23, 2016 ยท (Permalink)
Companies are competing to build the network that is as close to a straight line between NYC and Chicago as possible even taking into account the curve of the earth.
sundaymorningscience ยท 1 points ยท Posted at 04:38:37 on June 23, 2016 ยท (Permalink)
Because of this they are specifically building in programs to recognize these faster trades. They then run these trades through a looping mechanism that slows them down so they arrive the same time everyone else's trades arrive. This allows for a fair marketplace for stock.
Krexington_III ยท 1 points ยท Posted at 05:49:23 on June 23, 2016 ยท (Permalink)
Warren Ellis is more "tinfoil" than "reliable source", friend. Great book though!
siosilvar ยท 1 points ยท Posted at 19:25:56 on June 23, 2016 ยท (Permalink)
You're going to have to enlighten me on that one, since that name isn't anywhere on my bookshelf.
Krexington_III ยท 1 points ยท Posted at 20:30:31 on June 23, 2016 ยท (Permalink)
Alright, I'm alluding to "gun machine" by Warren Ellis. The book has this as a central theme, and since Ellis is batshit crazy I assumed that it was something he'd made up since I haven't heard about it elsewhere. It looks like I was in the wrong though!
SketchBoard ยท 1 points ยท Posted at 05:51:31 on June 23, 2016 ยท (Permalink)
Seafloor trading colonies
bollvirtuoso ยท 1 points ยท Posted at 06:14:37 on June 23, 2016 ยท (Permalink)
Someone commissioned and built a cable though a mountain for a three milliseconds of lead time. I believe that is the ridiculous threshold.
http://www.forbes.com/forbes/2010/0927/outfront-netscape-jim-barksdale-daniel-spivey-wall-street-speed-war.html
AndersonOllie ยท 1 points ยท Posted at 09:11:36 on June 23, 2016 ยท (Permalink)
They need to get some decent gaming mice and keyboards too. All about the click microseconds.
MuonManLaserJab ยท 1 points ยท Posted at 19:46:15 on June 23, 2016 ยท (Permalink)*
How about tunneling through mountains to save a few milliseconds?
orrk256 ยท 1 points ยท Posted at 22:19:08 on June 22, 2016 ยท (Permalink)
you think that's silly? multiple big investors are financing the German research into quantum entanglement communication, how do you make something faster? make it completely skip the distance
admbrotario ยท 1 points ยท Posted at 23:59:07 on June 22, 2016 ยท (Permalink)
or travel in time....
New Einstein is going to be a stock exchange company..
sashafrank123 ยท 0 points ยท Posted at 23:07:57 on June 22, 2016 ยท (Permalink)
A floating stock exchange in the middle of the Atlantic.
That's actually a serious proposal...
Mistbourne ยท 108 points ยท Posted at 22:14:30 on June 22, 2016 ยท (Permalink)
Melee is leaking again.
darthluigi36 ยท 18 points ยท Posted at 23:53:42 on June 22, 2016 ยท (Permalink)
/r/20xxstories
Two-Tone- ยท 2 points ยท Posted at 00:55:37 on June 23, 2016 ยท (Permalink)
This implies that it stopped leaking at some point.
I don't think that this is at all true.
bollvirtuoso ยท 2 points ยท Posted at 06:28:31 on June 23, 2016 ยท (Permalink)
Like, Smash Brothers?
Blesdfa ยท 1 points ยท Posted at 07:37:55 on June 23, 2016 ยท (Permalink)
Yeah
Mistbourne ยท 1 points ยท Posted at 13:14:41 on June 23, 2016 ยท (Permalink)
Yes.
PinkysAvenger ยท 69 points ยท Posted at 22:24:28 on June 22, 2016 ยท (Permalink)
This is totally already a thing
https://en.m.wikipedia.org/wiki/High-frequency_trading
[deleted] ยท 24 points ยท Posted at 23:39:31 on June 22, 2016 ยท (Permalink)*
[deleted]
pilgrimboy ยท 2 points ยท Posted at 00:51:54 on June 23, 2016 ยท (Permalink)
He's in such a conundrum. Does he share his technology to get off? Or does he keep it to himself for better future use?
gastropner ยท 1 points ยท Posted at 02:17:26 on June 23, 2016 ยท (Permalink)
FTL is invented by an IT guy at an investment firm but he's under NDA so we won't know until they go bankrupt and people fish their computers out of a dumpster. Sounds about right.
toadofsteel ยท 21 points ยท Posted at 23:51:00 on June 22, 2016 ยท (Permalink)
It's so nice to have a set of laws that, no matter how many people you can get to vote against it, cannot be overturned.
Mozeeon ยท 4 points ยท Posted at 00:13:04 on June 23, 2016 ยท (Permalink)
Wait till the bible thumpers get their hands on it. "God intended for my trade to be faster than light!"
(Ps. I am a person of faith, I just hate what the anti-science religious have done to so many important issues)
wyratt14 ยท 3 points ยท Posted at 00:56:07 on June 23, 2016 ยท (Permalink)
"God created the laws of physics to test our faith"
PeregrineFury ยท 4 points ยท Posted at 01:59:57 on June 23, 2016 ยท (Permalink)
"You know where light comes from? Fire. And who's domain is in fire? The devil! Therefore the speed of light is a lie made by Satan!"
bollvirtuoso ยท 2 points ยท Posted at 06:28:07 on June 23, 2016 ยท (Permalink)
I think the Bible says different. Something 'bout a guy saying "let there be light."
[deleted] ยท 2 points ยท Posted at 08:27:53 on June 23, 2016 ยท (Permalink)
"And let there be light, for the heavens shall open and fire shall rain upon all non-believers and probably some Christians due to overspray"
PeregrineFury ยท 2 points ยท Posted at 00:43:00 on June 24, 2016 ยท (Permalink)
Collateral damage is acceptable
TitaniumDragon ยท 3 points ยท Posted at 02:39:32 on June 23, 2016 ยท (Permalink)
Man, I'd love to be the lawyer doing the prosecution in that case. How many people can say that they convicted someone for violating the speed of light?
[deleted] ยท 2 points ยท Posted at 01:04:06 on June 23, 2016 ยท (Permalink)
Someone should put a barge halfway between new york and london. Hello arbitrage profits.
99problemsbutPOW ยท 1 points ยท Posted at 00:32:33 on June 23, 2016 ยท (Permalink)
/r/ofcoursethatsathing
dohawayagain ยท 1 points ยท Posted at 01:25:20 on June 23, 2016 ยท (Permalink)
Given the choice between believing Nanex or Virtu, I wouldn't pick Nanex.
[deleted] ยท 1 points ยท Posted at 02:31:33 on June 23, 2016 ยท (Permalink)
I love that one of these traders is going with the "the laws of physics are wrong" argument to explain why trades could have been executed <2 ms after the news was released, despite Chicago being 0.003 light-seconds away from DC.
Much more likely that the speed of light decided to increase by a factor of 1.5 at that exact instant than that there was insider trading happening.
[deleted] ยท 1 points ยท Posted at 13:53:14 on June 30, 2016 ยท (Permalink)
september , , the federal reserve revealed that some traders are under invest igation for possible news leak and insider trading. right after the federal rese rve announced its newest decision, trades were registered in the chicago futures market within two milliseconds. however, the news was released to the public in washington d.c. at exactly pm calibrated by atomic clock, and takes . millisec onds to reach chicago at the speed of light in straight line and ca. millisecon ds in practice. contrary to claims by highfrequency trader virtu financial, anyt hing faster is not physically possible.
FirstAvenue ยท 31 points ยท Posted at 22:40:42 on June 22, 2016 ยท (Permalink)
M2k first trillionaire
Fawful ยท 3 points ยท Posted at 03:04:51 on June 23, 2016 ยท (Permalink)
lol m2k
scooter8709 ยท 14 points ยท Posted at 22:17:48 on June 22, 2016 ยท (Permalink)
basically the giving tree on neopets.....
Wyodaniel ยท 3 points ยท Posted at 23:30:43 on June 22, 2016 ยท (Permalink)
Lol, I'm glad someone else remembers how ridiculously frustrating that was. I was on dial-up back when I played Neopets, too...
HomelessOvercoat ยท 40 points ยท Posted at 22:09:25 on June 22, 2016 ยท (Permalink)
hi hax
DenisNikk ยท 63 points ยท Posted at 22:19:13 on June 22, 2016 ยท (Permalink)
Warren Buffett is a straight up jerk; I get the chance learn stock trading with him like twice a year and he picks joke stocks. So BM
5221cimota ยท 2 points ยท Posted at 22:44:14 on June 22, 2016 ยท (Permalink)
So he's teaching you to fish and using perch as the catch... I don't see a problem with it...
TheHipHoppopotamus ยท 6 points ยท Posted at 23:45:24 on June 22, 2016 ยท (Permalink)
/r/AteThePasta
pooppick ยท 51 points ยท Posted at 22:04:03 on June 22, 2016 ยท (Permalink)
I found the melee player!
MemeLearning ยท 21 points ยท Posted at 22:06:35 on June 22, 2016 ยท (Permalink)
That was 200X actually.
Who knows what 20XX will bring to be perfectly honest. It possibly gets to the point where only AI's with enormous computing power can pull it off.
occupythekitchen ยท 7 points ยท Posted at 22:12:08 on June 22, 2016 ยท (Permalink)
So robots will have all the cash and jobs....gg humanity
V10L3NT ยท 5 points ยท Posted at 22:33:27 on June 22, 2016 ยท (Permalink)
I have actually assumed for a while that an AI like Google's "Deep mind" is going to cause havoc in the markets within about 5 years
calicosiside ยท 3 points ยท Posted at 23:27:40 on June 22, 2016 ยท (Permalink)
All those pictures of cats made of dogs made of eyeballs are gonna crash the stocks
GoTaW ยท 2 points ยท Posted at 23:48:27 on June 22, 2016 ยท (Permalink)
Still better than a stock broker.
Leocletus ยท 1 points ยท Posted at 02:06:58 on June 23, 2016 ยท (Permalink)
Does deep mind actually do anything other than this? Stuff like that is all I've actually seen from it.
[deleted] ยท 3 points ยท Posted at 00:18:37 on June 23, 2016 ยท (Permalink)*
[deleted]
AshtarB ยท 2 points ยท Posted at 00:48:40 on June 23, 2016 ยท (Permalink)
And then the AI will adapt to the new system, and so on.
wyratt14 ยท 1 points ยท Posted at 01:00:03 on June 23, 2016 ยท (Permalink)
It's the opposite of the Uber AI problem. Instead of the AI improving itself to perfection it's two AIs improving eachother to better counter the other AI. Eventually it will be two electronic gods duling it out on the internet.
TitaniumDragon ยท 1 points ยท Posted at 02:41:06 on June 23, 2016 ยท (Permalink)
Wouldn't be surprising at all. We already have AIs trading stocks.
This actually lead to one stock crash when multiple poorly programmed AIs interacted with each other.
OnDaEdge_ ยท 2 points ยท Posted at 22:39:17 on June 22, 2016 ยท (Permalink)
Don't forget that trading is a zero sum game. It actually requires businesses to produce profits and pay dividends for there to be a net gain to the system.
[deleted] ยท 1 points ยท Posted at 22:40:49 on June 22, 2016 ยท (Permalink)
We can just make them build a wall, and then we can go to the other side of the wall.
WhyYouAreVeryWrong ยท 1 points ยท Posted at 23:47:24 on June 22, 2016 ยท (Permalink)
You apparently don't know the Melee 20XX meme
MemeLearning ยท 2 points ยท Posted at 00:08:52 on June 23, 2016 ยท (Permalink)
I do actually. But the network latency race already happened in 200X.
iviondayjr ยท 1 points ยท Posted at 06:46:52 on June 23, 2016 ยท (Permalink)
This is actually how exchanges match trades and divide pro-rata trades amongst lots of quantity. http://www.cmegroup.com/confluence/display/EPICSANDBOX/Matching+Algorithms
Alsothorium ยท 8 points ยท Posted at 22:15:59 on June 22, 2016 ยท (Permalink)
I remember hearing on some program about trading platforms, in the future, could be in the middle of the Atlantic for the automatic programs to save on time. Instead of waiting for light speed signals to cross from London to New York, if the signals only had to cross to the middle of the Atlantic trades could be made more quickly. Pretty sure I heard this, pretty sure I didn't imagine it.
TFTD2 ยท 3 points ยท Posted at 22:44:58 on June 22, 2016 ยท (Permalink)
We'll call it "Atlantis."
Spider-Plant ยท 2 points ยท Posted at 23:20:17 on June 22, 2016 ยท (Permalink)
We could just move Atlanta out into the middle of the ocean.
NotTheJohn ยท 14 points ยท Posted at 23:09:33 on June 22, 2016 ยท (Permalink)
FTFY
haykam821 ยท 1 points ยท Posted at 02:30:09 on June 23, 2016 ยท (Permalink)
Can I buy the year? I mean, it's only 20$$!
DMPancake ยท 1 points ยท Posted at 04:43:11 on June 23, 2016 ยท (Permalink)
nice meme
Hodor_The_Great ยท 5 points ยท Posted at 22:03:32 on June 22, 2016 ยท (Permalink)
pretty much
TopEm ยท 4 points ยท Posted at 22:37:49 on June 22, 2016 ยท (Permalink)
lmao how will this affect the script
zg9064 ยท 1 points ยท Posted at 03:09:40 on June 23, 2016 ยท (Permalink)
This was part of the script
lyyki ยท 4 points ยท Posted at 23:37:03 on June 22, 2016 ยท (Permalink)
What's the original meme pasta of this? I've only seen the tf2 6s meta post
TheHipHoppopotamus ยท 4 points ยท Posted at 23:47:03 on June 22, 2016 ยท (Permalink)
http://knowyourmeme.com/memes/20xx
WhyYouAreVeryWrong ยท 3 points ยท Posted at 23:47:31 on June 22, 2016 ยท (Permalink)
I never expected to see this here. Amazing.
pmfunnypicslol ยท 5 points ยท Posted at 02:38:27 on June 23, 2016 ยท (Permalink)
found the smasher
ttony678 ยท 8 points ยท Posted at 22:47:00 on June 22, 2016 ยท (Permalink)
Loving the smash reference. Upvote.
iBeg2DFER ยท 5 points ยท Posted at 23:07:43 on June 22, 2016 ยท (Permalink)
Super Smash Brothers Melee for the Nintendo Gamecube reference. Well played good sir... Or should I say Hax fu**ing money?
hamelemental2 ยท 2 points ยท Posted at 22:09:59 on June 22, 2016 ยท (Permalink)
This is already how it works.
khafra ยท 2 points ยท Posted at 22:33:40 on June 22, 2016 ยท (Permalink)
That's a part of the setting in Accelerando: Economics 2.0. There's now a serious academic work about what Economics 2.0 will look like from the perspective of its participants.
jayrandez ยท 2 points ยท Posted at 22:36:10 on June 22, 2016 ยท (Permalink)
So what you're saying is economic efficiency is fundamentally limited by the speed of light.
[deleted] ยท 2 points ยท Posted at 22:45:45 on June 22, 2016 ยท (Permalink)
Starring Michael Douglas...
zaphodsays ยท 2 points ยท Posted at 22:52:49 on June 22, 2016 ยท (Permalink)
Everyone turns off random market bumps.
Everyone plays as Microsoft.
Everyone trades exclusively at the New York Stock Exchange.
Anthro_Fascist ยท 2 points ยท Posted at 22:59:13 on June 22, 2016 ยท (Permalink)
Well, it would give the rest of society insane Internet transfer speeds.
warp_driver ยท 1 points ยท Posted at 23:25:34 on June 22, 2016 ยท (Permalink)
Latency is not the same as bandwidth. Finance applications care about reacting fast to events, but to do that they are more than willing to cut down on the amount of data being transferred.
Abraxein ยท 2 points ยท Posted at 23:02:42 on June 22, 2016 ยท (Permalink)
That would be a great story throw that on /r/writingprompts
Meem0 ยท 2 points ยท Posted at 23:06:32 on June 22, 2016 ยท (Permalink)
You're more than welcome to :)
It is just a meme though haha
Abraxein ยท 1 points ยท Posted at 23:50:16 on June 22, 2016 ยท (Permalink)
Its just a meem* FTFY ;)
[deleted] ยท 2 points ยท Posted at 23:07:39 on June 22, 2016 ยท (Permalink)
Mmm, direct trading using neutrinos. No need to go around that pesky matter.
larrylemur ยท 2 points ยท Posted at 23:10:55 on June 22, 2016 ยท (Permalink)
That's basically now. Traders built a brand new straight tunnel from Chicago to New York to shave .003 seconds off of latency. High Frequency Traders have massive rates of computer turnover to continually upgrade to infinitesimally better systems. Some exchanges have switched to having a few fixed miles of cable coiled in the building's internet connection to even the odds. In HFT a thousandth of a second is the difference between insane wealth and unfathomable debt.
TheHipHoppopotamus ยท 2 points ยท Posted at 23:51:03 on June 22, 2016 ยท (Permalink)
No short sells. On margin only. NYSE.
kingofrandys ยท 2 points ยท Posted at 02:47:21 on June 23, 2016 ยท (Permalink)
Gild this guy!
Auroremon ยท 2 points ยท Posted at 02:57:06 on June 23, 2016 ยท (Permalink)
Long live the GOAT
ShinInuko ยท 2 points ยท Posted at 03:01:56 on June 23, 2016 ยท (Permalink)
TIL Wall Street is SSB:Melee.
[deleted] ยท 1 points ยท Posted at 22:16:58 on June 22, 2016 ยท (Permalink)
I don't think you're very far off from reality.
Edit: if I remember correctly, "Wall Street" paid billions to have a high speed connection run across the Atlantic to trade faster. I'll look for the source.
Talmania ยท 1 points ยท Posted at 23:10:01 on June 22, 2016 ยท (Permalink)
Introducing the fatality trading network card!! Oh wait...
Wyodaniel ยท 1 points ยท Posted at 23:14:18 on June 22, 2016 ยท (Permalink)
r/writingprompts ?
lucao_psellus ยท 1 points ยท Posted at 23:24:54 on June 22, 2016 ยท (Permalink)
Flash Boys!
Great book.
[deleted] ยท 1 points ยท Posted at 23:44:14 on June 22, 2016 ยท (Permalink)
I imagined reading this like it was the yellow text at the beginning of a Star Wars movie, music and everything. All it needs now is the Movie Preview Guy voice reading it to me.
Tubaka ยท 1 points ยท Posted at 23:46:02 on June 22, 2016 ยท (Permalink)
And I still lag in planetside 2
Big_Cums ยท 1 points ยท Posted at 00:03:49 on June 23, 2016 ยท (Permalink)
2010 would be the year in your post.
https://en.wikipedia.org/wiki/High-frequency_trading
Never_Answers_Right ยท 1 points ยท Posted at 00:20:19 on June 23, 2016 ยท (Permalink)
For the life of me I feel like this is a reference to a scifi book i own but i'm not sure?
Meem0 ยท 1 points ยท Posted at 00:27:20 on June 23, 2016 ยท (Permalink)
Nah, just a copypasta from the Smash Bros Melee community.
[deleted] ยท 1 points ยท Posted at 00:22:05 on June 23, 2016 ยท (Permalink)
Lol this already happened dude.
ConstantlySlippery ยท 1 points ยท Posted at 00:28:45 on June 23, 2016 ยท (Permalink)
http://www.forbes.com/sites/investopedia/2014/04/23/how-iex-is-combating-predatory-types-of-high-frequency-traders/#e56c8492a10c
self_driving_sanders ยท 1 points ยท Posted at 00:33:16 on June 23, 2016 ยท (Permalink)
it's not technically possible. For every person who makes a smart buy, someone has to make an unwise sale. You can't have everyone always winning and climbing on every pick.
AnExoticLlama ยท 1 points ยท Posted at 00:51:50 on June 23, 2016 ยท (Permalink)
If you hadn't heard, there were cases of illegal activity where some traders were tracking trades as they came in and would "skip the line" to buy stocks at lower prices before other buyers got their stock. I don't remember the exact details of it, nor if it were just allegations, but Wall St. is already dictated quite a bit by transaction speed and latency.
itisike ยท 1 points ยท Posted at 00:56:13 on June 23, 2016 ยท (Permalink)
http://smbc-comics.com/index.php?id=3890
n122333 ยท 1 points ยท Posted at 01:14:56 on June 23, 2016 ยท (Permalink)
To combat this some stock markets (I know there was one, with plans to install in at least two others) have a box with a few yards of cord, connecting them to the other markets, so you can't do precision fast trading at that location.
Jay_Eye_MBOTH_WHY ยท 1 points ยท Posted at 01:34:48 on June 23, 2016 ยท (Permalink)
This played in my head when I read that
deatoai ยท 1 points ยท Posted at 01:41:11 on June 23, 2016 ยท (Permalink)
This sounds like a SMBC comic.
RobinThunder ยท 1 points ยท Posted at 01:47:44 on June 23, 2016 ยท (Permalink)
Hax FUCKIN MONEY
docmartens ยท 1 points ยท Posted at 01:47:58 on June 23, 2016 ยท (Permalink)
Yeah top financial companies had a hardware arms race to have the fastest computers. Regulators are implementing "speedbumps" to prevent the unfair advantage, according to NPR this week
SnarkyMcFartBlast ยท 1 points ยท Posted at 01:49:00 on June 23, 2016 ยท (Permalink)
We'll have instant communication by then. Spooky Action at a Distance has been proven.
[deleted] ยท 1 points ยท Posted at 01:49:20 on June 23, 2016 ยท (Permalink)
You just described literally what's going on with the market making right now. I work in the industry and you can see human trader jobs on their way out
crackedquads ยท 1 points ยท Posted at 01:50:12 on June 23, 2016 ยท (Permalink)
It's pretty close to that already. Firms will spend millions to lay cable to shave ms off their latency.
HemingfordGrey ยท 1 points ยท Posted at 02:16:38 on June 23, 2016 ยท (Permalink)
Hax$ the stockbroker
[deleted] ยท 1 points ยท Posted at 02:18:45 on June 23, 2016 ยท (Permalink)
In a world where your actions depend on the fastest RE-action its up to one man against all odds. This summer get ready for the mild ride of your life. Stallone, swartzenegger,lundrgren in STOCK PORTFOLIO!
skepticaldreamer ยท 1 points ยท Posted at 02:37:30 on June 23, 2016 ยท (Permalink)
That's how it is already...
Brian-Lafevre ยท 1 points ยท Posted at 03:02:08 on June 23, 2016 ยท (Permalink)
yeah that's literally what's happening right now. minus the perfection thing
none_to_remain ยท 1 points ยท Posted at 03:10:45 on June 23, 2016 ยท (Permalink)
It's called a SolarFlare NIC and it costs more than my computer.
geageaeg ยท 1 points ยท Posted at 04:00:06 on June 23, 2016 ยท (Permalink)
The year is right now.
HFTs build thousand mile long links of microwave relays because they're slightly faster than the fiber-optic cable.
HFTs pay extra to use 40Gb fiber links within the datacenter.
HFTs use FPGAs on network boards to trade right from the network card, instead of involving the bus and CPU.
Though the actual prices are clown shoes. HFTs just do it because you can pick people's pockets and pretend you're providing a service.
Tallkobben ยท 1 points ยท Posted at 04:15:15 on June 23, 2016 ยท (Permalink)
Thank you. Gave me a laugh :) smashmemes ftw
newbiesmash ยท 1 points ยท Posted at 04:19:24 on June 23, 2016 ยท (Permalink)
That you Hax?
neotropic9 ยท 1 points ยท Posted at 05:04:08 on June 23, 2016 ยท (Permalink)
It's been this way for decades. Traders would have their own telecommunications lines built that cut through mountains to save time.
NihilityHS ยท 1 points ยท Posted at 05:17:19 on June 23, 2016 ยท (Permalink)
20xx = about 2012 or earlier
EinAardvark ยท 1 points ยท Posted at 05:36:18 on June 23, 2016 ยท (Permalink)
Melee and the Stock Exchange colliding.
This is a funny world we live in.
MagooVillage ยท 1 points ยท Posted at 06:01:13 on June 23, 2016 ยท (Permalink)
Fox reigns supreme.
CashmereSkies ยท 1 points ยท Posted at 06:13:00 on June 23, 2016 ยท (Permalink)
Didn't SMBC do a comic based on this supposition? Or am I misremembering?
[deleted] ยท 1 points ยท Posted at 07:24:22 on June 23, 2016 ยท (Permalink)
this is already what happens
Pahalial ยท 1 points ยท Posted at 07:38:11 on June 23, 2016 ยท (Permalink)
Sooo the 20XX is 2015? This is pretty close to where we are now. HFT firms compete on their ability to design physical networks ever closer to theoretical limits and sell their implementation to city councils
cguy1234 ยท 1 points ยท Posted at 07:43:27 on June 23, 2016 ยท (Permalink)
RemindMe in XX-16 years!
hogger85 ยท 1 points ยท Posted at 11:24:37 on June 23, 2016 ยท (Permalink)
this is already happening, there was a piece about using microwave comms towers pass information as light travels faster in air than glass (fibreoptic cable). then they removed a hill to make a line of sight for two towers be shorter than going round 3 towers.
http://www.nature.com/news/physics-in-finance-trading-at-the-speed-of-light-1.16872
cephalord ยท 1 points ยท Posted at 15:22:45 on June 23, 2016 ยท (Permalink)
You joke, but this is not far from the truth.
In some countries, slowly some legislation is beginning to manifest (that will probably eventually get passed) to levy a very small tax on all stock transactions, making these strategies useless and turning it back into
gamblingserious speculative thought.MuonManLaserJab ยท 1 points ยท Posted at 19:44:08 on June 23, 2016 ยท (Permalink)*
I recognize the meme but we are already there. People pointed out the undersea cables to you, but people also drill tunnels through mountains to lay fiber-optic cable and shave milliseconds off of their "rocks-paper-scissors" time. It's totally stupid and doesn't benefit the economy at all, and could be stopped with small changes to the way exchanges work.
Touchmethere9 ยท 1 points ยท Posted at 23:09:22 on June 22, 2016 ยท (Permalink)
I wish reddit was more comment chains like this instead of stupid banal memes.
Falcoon_Punch ยท 1 points ยท Posted at 00:50:13 on June 23, 2016 ยท (Permalink)
i take a break from /r/smashbros and all it does is follow me
dexikiix ยท 17 points ยท Posted at 23:13:52 on June 22, 2016 ยท (Permalink)
This is what disgusts me... I understand investing in something you believe in, but when it comes to just trying to make a profit by moving money around and programs need to be written to do it, it just seems ridiculous. How is this aiding society? Please someone convince me this isn't bullshit.
feeltheslipstream ยท 5 points ยท Posted at 03:45:04 on June 23, 2016 ยท (Permalink)
A lot of people think the same way, and it's something it's hard to explain this to someone who doesn't trade.
In short, markets are efficient only if there is sufficient liquidity. As an example, dips become crashes because liquidity dries up instantly. These programs inject insane amounts of liquidity into the market. In return, they make a few bucks every transaction. Not everything aids society, but in this case they certainly do.
You can tell how much liquidity is in a market by looking at the spreads. Take a look at commodities Vs forex markets. Which one looks more efficient?
dexikiix ยท 5 points ยท Posted at 05:19:31 on June 23, 2016 ยท (Permalink)
Ok yeah I'm certainly not qualified to talk on this subject.
Pornthrowaway78 ยท 1 points ยท Posted at 06:28:27 on June 23, 2016 ยท (Permalink)
How do they inject liquidity? Aren't they just parasitically piggybacking someone else's trade?
feeltheslipstream ยท 2 points ยท Posted at 06:39:32 on June 23, 2016 ยท (Permalink)
Anytime you place a trade and it gets filled, you have introduced liquidity to the market.
Are you referring to front running or arbitrage? The former is unethical/illegal and the latter is inevitable even if no one had computers. Computers just do it faster(and hence more efficient market pricing)
FireLucid ยท 6 points ยท Posted at 03:19:11 on June 23, 2016 ยท (Permalink)
It is bullshit. Even worse, these companies are so rich, they are hiring a huge amount of graduating IT students to work on their programs, meaning they aren't putting great work into other areas of the economy or starting start ups etc.
KernelTaint ยท 3 points ยท Posted at 03:08:57 on June 23, 2016 ยท (Permalink)
We need a mandatory fee per stock transaction. Goodbye HFT.
[deleted] ยท 2 points ยท Posted at 06:35:57 on June 23, 2016 ยท (Permalink)
The thing is, the exchanges make money off HFT too, from the spread
[deleted] ยท 1 points ยท Posted at 06:39:39 on June 23, 2016 ยท (Permalink)
It's bullshit. They claim to be making the market more efficient by exploiting inefficiencies but are actually just creating more inefficiencies.
yangmeow ยท 1 points ยท Posted at 06:46:03 on June 23, 2016 ยท (Permalink)
Yea, it's sad on so many levels it's beyond beyond disappointing depressing.
Efrajm ยท 1 points ยท Posted at 09:40:31 on June 23, 2016 ยท (Permalink)
This is very naive. You can invest to promote a solution, you can also invest simply expecting monetary profit from your investment. Sometimes both things at once. Saying that investng simply for profit is weird is... weird.
chars709 ยท 32 points ยท Posted at 21:39:28 on June 22, 2016 ยท (Permalink)
So a non-zero fraction of the world's prosperity is leeched away to people who successfully execute these under-a-second investment strategies. And I thought day-traders were scum.
aDAMNPATRIOT ยท 66 points ยท Posted at 21:48:15 on June 22, 2016 ยท (Permalink)
Well what they do is spend money buying from people who want to sell and selling to people who buy. It's all very unethical.
Moruitelda ยท 25 points ยท Posted at 22:25:04 on June 22, 2016 ยท (Permalink)
Not necessary unethical, but they derive an immense financial benefit from the economy while contributing next to nothing to it. Just a tiny bit of liquidity in the market.
BeTheTortoise ยท 2 points ยท Posted at 00:22:52 on June 23, 2016 ยท (Permalink)
They contribute moving money to places where people want it so they can use it to generate more profits.
Moruitelda ยท 4 points ยท Posted at 00:27:15 on June 23, 2016 ยท (Permalink)
No, they don't. That would happen slightly slower without their intervention. The value added by the increased speed is practically nil. They are leeches.
BeTheTortoise ยท 1 points ยท Posted at 00:53:12 on June 23, 2016 ยท (Permalink)
"That would happen slightly slower..." Boom case closed. The point is they're being paid for something by someone. They contribute to whoever is paying them.
Someone on the Internet is wrong!
Sorry I don't know how to quote on alien blue.
Moruitelda ยท 3 points ยท Posted at 01:15:59 on June 23, 2016 ยท (Permalink)
No. Are you kidding me? They buy something, speculating on its price increasing, and sell it later - sometimes seconds later - to turn a profit. No one is "paying" them for a service that they add. They are participating in a gigantic marketplace anonymously, basically acting as a pointless middleman in transactions.
They make their money because sometimes someone wants to sell at the wrong time. The entities selling gain liquidity milliseconds faster, and the traders earn their living by being right about the trajectory of investments more often than other sellers and buyers.
This contributes nothing to the economy. The only value that they provide is, when you put a stock for sale at 20:15:22.0049581, it sells at 20:15:22.00497744 instead of 20:15:22.2044303.
This is of absolutely no real value. For this, they make a huge amount of profit. The free market is fucking awful at rewarding people based upon the value of their contribution to society.
BeTheTortoise ยท -1 points ยท Posted at 01:30:25 on June 23, 2016 ยท (Permalink)
But people do pay traders for their services...
Moruitelda ยท 2 points ยท Posted at 01:47:41 on June 23, 2016 ยท (Permalink)
People who want to make money. They like middlemen so much that they're paying a middleman to be a middleman for them. It's inceptimiddleman. It's some fucking Xzibit shit up in here.
They don't add value to the economy. They make people money, but they do so by speculating on the value of things.
BeTheTortoise ยท 0 points ยท Posted at 01:58:10 on June 23, 2016 ยท (Permalink)
I pay middlemen all the time. (Haha middlemen sounds funny). I pay them just to take my money and put it in a drawer. That's all they do. They're called cashiers. Everyone's a middleman.
Stock traders move money to places where it can be used more effectively.
Moruitelda ยท 2 points ยท Posted at 02:03:06 on June 23, 2016 ยท (Permalink)
The increase in liquidity that they provide can be measured in seconds. It's worthless in the grand scheme of things.
BeTheTortoise ยท -1 points ยท Posted at 02:27:37 on June 23, 2016 ยท (Permalink)
You can measure anything in seconds.
To know which company to buy a part of and exactly how long to own it before selling is extremely valuable to lots of people including the CEOs and all of their employees as well as the customers who appreciate that their purchase is cents cheaper bc of a damn algorithm.
Don't get mad at someone for offering something for sale. Get mad at the people who buy it.
Moruitelda ยท 1 points ยท Posted at 06:05:24 on June 23, 2016 ยท (Permalink)
You still seem confused. They're not "selling" anything. They're speculating. I'm going to take a step back and actually say that they provide no value to the economy whatsoever. There is no appreciable increase in liquidity from their activity.
BeTheTortoise ยท 0 points ยท Posted at 06:14:51 on June 23, 2016 ยท (Permalink)
Think about telling that to a stock trader.
They're selling their time to be there, to watch stock prices, to write complex computer programs.
So you're saying that the world would be better off without anyone trading stocks?
Moruitelda ยท 1 points ยท Posted at 13:32:38 on June 23, 2016 ยท (Permalink)
No, they're not selling their time. They're using their time to make money. "Sale" implies that there is someone paying them for their time. They're not. They're using access to money to try to turn a short term profit by identifying stocks that they think are going to go up. This provides no value to the economy, it just creates profit for the stock trader at the expense of someone who is foolishly selling low or buying high.
No, the world wouldn't be better without exchange of stocks. However, the world would not be any worse off without professional stock speculators.
BeTheTortoise ยท 1 points ยท Posted at 19:50:47 on June 23, 2016 ยท (Permalink)
I guess my point is that they are trading other people's money. So I consider being hired by someone to go do something (identify and purchase valuable stocks) equivalent to a sale. I know I couldn't do it, nor could I write a computer program to do it for me. So what they're selling, besides time to go stand on a trade floor or sit in an office, is their knowledge of stock markets and possibly of computer programming too.
Thanks for having this reasoned discussion with me, sincerely.
crunkadocious ยท 1 points ยท Posted at 23:48:49 on June 22, 2016 ยท (Permalink)
People wouldn't use them if they could save money doing it another way. That doesn't mean it shouldn't be taxed more heavily!
aDAMNPATRIOT ยท 0 points ยท Posted at 22:27:18 on June 22, 2016 ยท (Permalink)
yes
khafra ยท 8 points ยท Posted at 22:38:10 on June 22, 2016 ยท (Permalink)
The only consumers of the liquidity provided by traders who execute 100 microsecond trades are the traders who execute 100 millisecond trades. I think the rest of us could honestly survive pretty decently even if 100 millisecond traders had to wait an extra 2 or 3 milliseconds to find a counterparty.
aDAMNPATRIOT ยท -3 points ยท Posted at 22:40:03 on June 22, 2016 ยท (Permalink)
that's the difference between us, you want to survive... decently...
Jah_Ith_Ber ยท 5 points ยท Posted at 22:32:46 on June 22, 2016 ยท (Permalink)
And that isn't contributing. Just owning stuff is not contributing.
aDAMNPATRIOT ยท -4 points ยท Posted at 22:36:38 on June 22, 2016 ยท (Permalink)
actually it is
Tellesu ยท 6 points ยท Posted at 23:11:24 on June 22, 2016 ยท (Permalink)
No, you're just externalizing your costs onto the commons.
aDAMNPATRIOT ยท 0 points ยท Posted at 00:45:32 on June 23, 2016 ยท (Permalink)
That kind of thinking is why the Soviet Union was an economic powerhouse
Tellesu ยท 1 points ยท Posted at 04:25:49 on June 23, 2016 ยท (Permalink)
Try harder.
aDAMNPATRIOT ยท 1 points ยท Posted at 06:01:27 on June 23, 2016 ยท (Permalink)
No need
Moruitelda ยท 2 points ยท Posted at 22:39:41 on June 22, 2016 ยท (Permalink)
Barely.
aDAMNPATRIOT ยท -4 points ยท Posted at 22:40:52 on June 22, 2016 ยท (Permalink)
Says the poor
[deleted] ยท 3 points ยท Posted at 22:06:11 on June 22, 2016 ยท (Permalink)
How is that unethical? You've described a broker who takes a percentage for finding you a buyer/ seller, like eBay.
aDAMNPATRIOT ยท 21 points ยท Posted at 22:07:46 on June 22, 2016 ยท (Permalink)
It's unethical because sarcasm
penguinkirby ยท 2 points ยท Posted at 22:10:31 on June 22, 2016 ยท (Permalink)
Pretty sure he was being sarcastic
never_listens ยท 1 points ยท Posted at 00:25:58 on June 23, 2016 ยท (Permalink)
By taking ticket scalping to ludicrous degrees, HFT is providing everyone else with a valuable service.
aDAMNPATRIOT ยท 0 points ยท Posted at 00:43:02 on June 23, 2016 ยท (Permalink)
Yeah pretty much. It's not the market's fault that ticket sellers always issue below market
never_listens ยท 1 points ยท Posted at 15:18:20 on June 23, 2016 ยท (Permalink)
So you're okay with taxation so long as it's HFTs doing it?
aDAMNPATRIOT ยท 1 points ยท Posted at 18:11:39 on June 23, 2016 ยท (Permalink)
Non sequitur
never_listens ยท 1 points ยท Posted at 02:33:08 on June 24, 2016 ยท (Permalink)
Governments offer a service of continued access to the market in exchange for a fee known as "taxes". HFTs offer a service of continued access to the market in exchange for a fee know as "profits". If you're okay with HFTs taxing the market with their front running you should be okay with governments getting their take as well, at whatever levels people are willing to pay.
aDAMNPATRIOT ยท 1 points ยท Posted at 03:18:20 on June 24, 2016 ยท (Permalink)
Still, non sequitur
never_listens ยท 1 points ยท Posted at 03:23:12 on June 24, 2016 ยท (Permalink)
I can only do so much to help idiots with their reading comprehension.
aDAMNPATRIOT ยท 1 points ยท Posted at 03:40:28 on June 24, 2016 ยท (Permalink)
I don't think you could help with that at all, since you can't form a coherent statement in the first place let alone educate someone else on how to understand one
never_listens ยท 1 points ยท Posted at 06:52:58 on June 24, 2016 ยท (Permalink)
Said like someone who doesn't know how to read.
aDAMNPATRIOT ยท 1 points ยท Posted at 07:17:11 on June 24, 2016 ยท (Permalink)
No... Not actually, because that person couldn't write either.
never_listens ยท 1 points ยท Posted at 15:00:53 on June 24, 2016 ยท (Permalink)
You sure are being very open with your flaws.
Thermodynamicist ยท 1 points ยท Posted at 00:41:39 on June 23, 2016 ยท (Permalink)
I don't think that's a fair analysis.
If you look at the system at a high level, then speed costs money.
The more money I have, the faster I can trade, so the better deals I can secure, so the more money I make per trade (on average), and the more trades I can make per second.
This fundamental instability results in an agglomeration of capital which is deleterious for everybody who isn't the winner, because once you start falling behind you are left for dead.
It's no more ethical or unethical than gravity, or the greenhouse effect.
aDAMNPATRIOT ยท 1 points ยท Posted at 00:50:27 on June 23, 2016 ยท (Permalink)
(I don't actually think it's unethical)
Thermodynamicist ยท 1 points ยท Posted at 01:06:29 on June 23, 2016 ยท (Permalink)
I realise that.
My point is that it isn't necessarily a good thing (unless you are the winner).
aDAMNPATRIOT ยท 1 points ยท Posted at 01:18:45 on June 23, 2016 ยท (Permalink)
No it's not necessarily a "good" thing although good is a very abstract concept lol
[deleted] ยท 1 points ยท Posted at 06:38:49 on June 23, 2016 ยท (Permalink)
Well that's an oversimplification. What they do is notice that you're currently trying to buy some bread, so they push their way to bread aisle and buy a bunch of it, leaving only the stale shit for you. But then they kindly offer to resell it to you for a fraction of a penny more.
ClassyJacket ยท 1 points ยท Posted at 07:39:55 on June 23, 2016 ยท (Permalink)
They are contributing to absolutely nothing. They're taking advantage of a technicality in the system. They don't deserve any financial gain.
zaphodsays ยท 0 points ยท Posted at 23:00:00 on June 22, 2016 ยท (Permalink)
How is this unethical?
Like you at the grocery store?
So like the grocery store does for us?
Just because they can do it better, having sunk millions into a program that can do it and a location that gives them to opportunity as well as the capital to get the ball rolling doesn't make it unethical.
You just describes all trade, not just stocks. It's unethical when they get the information illegally or use money given to them for a larger personal gain.
Ghost51 ยท 5 points ยท Posted at 23:23:26 on June 22, 2016 ยท (Permalink)
Sarcasm
aDAMNPATRIOT ยท 1 points ยท Posted at 00:48:17 on June 23, 2016 ยท (Permalink)
Correct
What.
zaphodsays ยท 1 points ยท Posted at 01:57:58 on June 23, 2016 ยท (Permalink)
Couldnt think of the word for an investment group where the employees actively use the money given to the to increase their own personal funds while screwing investors. Sorry, im probably still doing a bad job explaining it.
aDAMNPATRIOT ยท 1 points ยท Posted at 02:00:36 on June 23, 2016 ยท (Permalink)
Oh, that would be fraud...
[deleted] ยท 0 points ยท Posted at 22:34:56 on June 22, 2016 ยท (Permalink)
Yeah no.
They were using a bait and switch to get the orders sent to the wrong markets so they could essentially tax every trade running through the markets.
It added zero liquidity and is far more like grey area fraud through social hacking and technical hacking.
It was a tax on the markets. It provided no material benifit.
aDAMNPATRIOT ยท 3 points ยท Posted at 22:36:20 on June 22, 2016 ยท (Permalink)
...no that's incorrect...
[deleted] ยท 0 points ยท Posted at 22:31:24 on June 22, 2016 ยท (Permalink)
What you don't mention is the unethical part - the only reason they can extract profit is because they are able to intercept the order to buy before it reaches the exchange. Then, they go and buy that stock and sell it at an inflated price.
warp_driver ยท 1 points ยท Posted at 23:28:39 on June 22, 2016 ยท (Permalink)
Sorry, that's not how it works. If they see an order that looks like to be part of a series of them they can deduce it's part of a block and buy ahead, but they can't rush ahead of an individual order. They only see it when it hits the market and everybody else sees it.
never_listens ยท 1 points ยท Posted at 00:23:41 on June 23, 2016 ยท (Permalink)
Actually because their servers are closer and cables more direct, they get to see it before anyone else.
15413453452 ยท 3 points ยท Posted at 21:51:16 on June 22, 2016 ยท (Permalink)
Nothing is being leeched. Wealth is generated not distributed. If you eliminated those people their wealth would be in raw resources in the earth, since that's the base of the chain.
[deleted] ยท 9 points ยท Posted at 21:56:18 on June 22, 2016 ยท (Permalink)
Not really, these traders make nothing and take a percentage. If you eliminated them the wealth in the earth would be the commonwealth of the people who's country it was in.
FistMyBellyButton ยท 5 points ยท Posted at 22:10:08 on June 22, 2016 ยท (Permalink)
What traders are the reason small companies are able raise capital quicly and allow anyone who invests to be compensated.
[deleted] ยท 4 points ยท Posted at 22:07:18 on June 22, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 9 points ยท Posted at 22:36:57 on June 22, 2016 ยท (Permalink)
They didn't create liquidity they inserted themselves into deals by being faster and extracting wealth from the buyer.
They figured out the order, bought that from someone already selling it. Then sold it to the original buyer.
Zero liquidity added just a middleman tax.
YourDad ยท 2 points ยท Posted at 23:54:04 on June 22, 2016 ยท (Permalink)
So, sort of like ticket scalpers?
[deleted] ยท 0 points ยท Posted at 22:46:06 on June 22, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 2 points ยท Posted at 22:54:40 on June 22, 2016 ยท (Permalink)
No they route buyers the wrong way then beat them to market so they can inflate the price.
It reduces market efficiency.
Tellesu ยท 2 points ยท Posted at 23:13:41 on June 22, 2016 ยท (Permalink)
The benefit of faster trades only benefits the traders who engage in this activity. Meanwhile society bears the cost. They've found a legal way to steal a little bit from everyone.
AmadeusCziffra ยท 1 points ยท Posted at 04:18:30 on June 23, 2016 ยท (Permalink)
fair idea. just like if we took all your assets the country would be slightly wealthier. and why not too, its just one guy.
MemeLearning ยท 3 points ยท Posted at 22:07:29 on June 22, 2016 ยท (Permalink)
They efficiently invest in things, that is something.
The last thing I want is a toddler deciding where money goes to in the economy.
[deleted] ยท 1 points ยท Posted at 22:00:54 on June 22, 2016 ยท (Permalink)
The traders make efficient market prices.
[deleted] ยท 5 points ยท Posted at 22:14:23 on June 22, 2016 ยท (Permalink)
[deleted]
God_loves_irony ยท 2 points ยท Posted at 23:27:49 on June 22, 2016 ยท (Permalink)
I think the people who manage the people who make physical things create value, because they are an efficiency multiplier to the people who do the actual labor; but if they manage to compensate themselves more than about 20 times the compensation of the people doing the labor then they are probably doing something unethical. As for the traders who make six figure incomes doing high speed trades with the equity in the retirement accounts of middle and moderately well off retirees... well, the phrase working the system exists for a reason. And they crashed the economy when they tried to turn mortgages into a trade-able commodity. The only reason they are not more of a problem is that there are enough of them that they mostly are trying to play each other, creating the semblance of relative market stability.
JusticeBeaver13 ยท 0 points ยท Posted at 22:15:52 on June 22, 2016 ยท (Permalink)
Don't assume it's bad because it's a "bot" that buys in milliseconds. That's the reason for the depth of the market and also generates more money and ultimately is best for our economy.
secretpandalord ยท 0 points ยท Posted at 22:25:21 on June 22, 2016 ยท (Permalink)
That's not how economics works. Trade is a positive sum game; each party makes the value of what they wanted minus the value of what they traded to get it. Since both parties want what they traded for more than what they traded away for it, both parties generate value.
[deleted] ยท 1 points ยท Posted at 22:39:52 on June 22, 2016 ยท (Permalink)*
[deleted]
15413453452 ยท 1 points ยท Posted at 22:45:46 on June 22, 2016 ยท (Permalink)
It's both. Things have inherent value at first for having a value for survival (food, land) and later as that loses importance for confort (jewels, electronics). Obviously things are only valuable if people are willing to pay for it, but some things are pretty much guaranteed to always have some value, and to those we atribute the label of having inherent value. Also I'm not sure what you are trying to prove.
[deleted] ยท 1 points ยท Posted at 02:18:21 on June 23, 2016 ยท (Permalink)*
[deleted]
15413453452 ยท 1 points ยท Posted at 02:37:30 on June 23, 2016 ยท (Permalink)
Fair enough.
But I would be very glad if you told me what we are supposed to be discussing right now. I mean, why did you reply to my comment on the first place?
Uraddd ยท 1 points ยท Posted at 22:25:27 on June 22, 2016 ยท (Permalink)
Hft doesn't "generate" wealth
15413453452 ยท 0 points ยท Posted at 22:29:51 on June 22, 2016 ยท (Permalink)
It directs wealth to companies that will.
Jah_Ith_Ber ยท 1 points ยท Posted at 22:33:23 on June 22, 2016 ยท (Permalink)
You just said wealth is generated not distributed.
15413453452 ยท 1 points ยท Posted at 22:40:38 on June 22, 2016 ยท (Permalink)
When I said that I meant to dispel the notion that there exists a fixed amount of wealth that has to be distributed to society. Obviously wealth that already exists will move around, i.e. distributed or directed somewhere.
Uraddd ยท 0 points ยท Posted at 02:04:37 on June 23, 2016 ยท (Permalink)
How do you figure? Disagree entirely
15413453452 ยท 1 points ยท Posted at 02:45:09 on June 23, 2016 ยท (Permalink)
It works like this: a stock market investor buys a fraction of a company, this means the company gets that amount in funding and the investor gets control of whatever proportion of the company he bought. Let's say he buys two million of a mining company, now at the time of buying two million translates to a control of let's say 5% of the company. With that money the company then invests in a mining operation, which generates wealth in an obvious manner. Now with a (hopefully) successful mining operation the company has more value, but the investor still has control of 5% of the company, which means he has more money than when he started. If the stock trader does his job right, he funds an operation that generates wealth, and adds to his own in the process by taking a calculated risk of the company actually being successful or not. In effect, he directs wealth to a company that will use it to generate wealth.
Uraddd ยท 2 points ยท Posted at 19:33:47 on June 23, 2016 ยท (Permalink)
I understand the concept of investing and the generation of value. No thanks for the explanation.
Hft is not an initial investment, it doesn't work that way. I'm not sure if you're being thick intentionally or just hella proud of the Econ 101
Hft can be said to produce value in liquidity but that's it, and frankly with how liquid things they are gonna trade with already are I don't think it provides any value in increased liquidity.
15413453452 ยท 1 points ยท Posted at 20:29:04 on June 23, 2016 ยท (Permalink)
If you wanted something more in context you should have replied with a little more then "Disagree entirely".
I never went to college by the way, but thanks for the condescending comment.
Uraddd ยท 2 points ยท Posted at 20:46:16 on June 23, 2016 ยท (Permalink)
Well the conversation was about hft so...
Sorry about the condescension, it was in response from perceived condescension in your post which may not have been there
15413453452 ยท 1 points ยท Posted at 21:27:12 on June 23, 2016 ยท (Permalink)
It's cool.
I suppose you do have a point in the conversation being about hft on the first place.
Zarathustranx ยท 1 points ยท Posted at 22:40:31 on June 22, 2016 ยท (Permalink)
High frequency trading is good for the market. You're assuming that without hft we would have a perfect efficient market, that's not the case. HFT reduces the spread on stocks. That makes it cheaper for everyone to access the market. If Wall Street could get rid of HFT the financial institutions would be making more money, not less. The
[deleted] ยท 1 points ยท Posted at 23:01:23 on June 22, 2016 ยท (Permalink)
[deleted]
chars709 ยท 1 points ยท Posted at 23:39:26 on June 22, 2016 ยท (Permalink)
Elon?
AmadeusCziffra ยท 1 points ยท Posted at 04:17:50 on June 23, 2016 ยท (Permalink)
whatever you do is about as productive to the world as what they do. haters gonna hate.
[deleted] ยท -1 points ยท Posted at 21:55:22 on June 22, 2016 ยท (Permalink)
Exactly so.
Bourbone ยท -1 points ยท Posted at 22:02:04 on June 22, 2016 ยท (Permalink)
Luckily, these people are the first in Finance being automated away.
And finance takes a step closer to becoming a utility.
It's all good for everyone in the end, but in the meantime, fuck the guys getting rich off of this bullshit.
CremasterMuscle ยท 2 points ยท Posted at 23:16:45 on June 22, 2016 ยท (Permalink)
And our entire economy depends on this seemingly trivial shit. Insane.
MaximusFluffivus ยท 2 points ยท Posted at 04:48:24 on June 23, 2016 ยท (Permalink)
Frungy! The greatest game invented! :D
go_so_loud ยท 4 points ยท Posted at 20:40:54 on June 22, 2016 ยท (Permalink)
Isn't that mostly illegal after the big crash?
[deleted] ยท 24 points ยท Posted at 20:56:33 on June 22, 2016 ยท (Permalink)
No, high frequency trading is still legal.
XanderTheMander ยท 27 points ยท Posted at 21:06:12 on June 22, 2016 ยท (Permalink)
But dont worry Hillary Clinton told the big banks to 'Knock it off'
AgAero ยท 10 points ยท Posted at 21:32:20 on June 22, 2016 ยท (Permalink)*
Funny, but irrelevant. The only thing wrong with using automated trading is that since it's a chaotic system, you may accidently cause a feedback situation that kills the stock very suddenly. However, you cannot
guataneeguarantee that human oversight would prevent this either.[deleted] ยท 5 points ยท Posted at 21:52:53 on June 22, 2016 ยท (Permalink)
I would say the main thing that's wrong with high frequency trading is that it's essentially insider trading. Only people who can afford absurdly high speed internet connections directly to the exchange can find out about updates to prices and make trades fast enough to really do it correctly. I'm not aware of any good reason the exchange couldn't require all transactions to be done at 10 second intervals instead of allowing multiple transactions per second. Requiring such a delay would put all traders on more equal footing rather than giving an advantage to people who can buy a special connection.
Jokkeyo ยท 6 points ยท Posted at 22:04:07 on June 22, 2016 ยท (Permalink)
They don't really have special knowledge, just "perfect" (as in, more faster) knowledge, so I'm not really getting the connection to inside trading.
A pro high frequency trading argument is, that if the algorithms somehow manipulated the prices of stock, you could exploit that to gain money. But seeing as the high frequency traders seem to be quite successful, compared to the frequent stories about maneged funds getting outperformed by indexes, I would reason that the high volume provided is forcing the stocks to be priced true to market.
The benefit for the average trader would then be to always get accurate price for your buys and sells.
[deleted] ยท 5 points ยท Posted at 22:19:49 on June 22, 2016 ยท (Permalink)
Insider trading generally is more, faster, knowledge. In this case, the idea is that Person A with a fast connection can see that a stock has dropped in price. They then sell it to Person B. If Person B has a slower connection, they may not know that the price has dropped a little bit, so they buy at the older, higher price. Person A has thus basically short sold the stock while knowing the outcome in advance. They didn't have to make any prediction or take any risk. They just exploited their faster connection to rip off Person B. So the question is whether the average person is going to be more in the position of person A or person B. Presumably most people are person B; their everyday mutual fund is getting ripped off by fancy traders with extremely fast connections. The people with slow connections don't get accurate prices as you say; they get tricked into losing money on slightly out of date prices.
elimc ยท 2 points ยท Posted at 22:52:36 on June 22, 2016 ยท (Permalink)
The average person buys and holds. I doubt they give a crap if they lost out on a fraction of a penny.
zupernam ยท 0 points ยท Posted at 22:58:00 on June 22, 2016 ยท (Permalink)
That's not insider trading though. If all one person had access to was a slower system so that they were a minute behind the average person, everyone else would have a huge advantage over that person in the same way a high-frequency trader has over most people. They would constantly be losing money on out-of-date prices. Does that make it unethical to trade with that person if they buy for more than they should because of their time lag?
waltjrimmer ยท 2 points ยท Posted at 22:02:47 on June 22, 2016 ยท (Permalink)
Well, it used to be that you had to be at the stock exchange to participate. I wouldn't say that would be insider trading for the people who are there compared to the people who aren't. And most people still service their stocks through a third party, who may or may not have such a direct connection.
[deleted] ยท 2 points ยท Posted at 22:19:47 on June 22, 2016 ยท (Permalink)
So if we are both making shoes and I can afford a machine that sews that shoes together very quickly but you can't so you have to sew them by hand, you're saying I shouldn't be allowed to buy that machine? I have to sew them by hand as well so we're "on more equal footing"?
AgAero ยท 1 points ยท Posted at 22:47:11 on June 22, 2016 ยท (Permalink)
That's different because of the nature of the work. It's a bit of a straw man in that sense.
A better argument I think would be to compare a layman playing blackjack vs a person using a device of some sort to count cards. There is an obviously unfair playing field. It makes sense to level it out when it's a game of chance involved.
[deleted] ยท 1 points ยท Posted at 23:03:25 on June 22, 2016 ยท (Permalink)*
Counting cards is cheating. Frequently checking stock prices and making sales based on that information is not cheating, its simply trying to optimize how you spend your money.
Additionally, using a card counter in black jack makes you win, which necessarily means everybody else loses.But with investing, there are no clear winners or losers. An investing company using high speed internet does not prevent you, or anybody else, from investing (and earning) money. In fact, investors help fund companies which help the economy which helps everybody.Edit: I don't understand blackjack. However, I still think the point stands that investing is not a zero-sum game and one person's success does not prevent the success of others.
AgAero ยท 1 points ยท Posted at 23:13:43 on June 22, 2016 ยท (Permalink)
It's only cheating because casinos say it's illegal. They're trying to prevent an unfair advantage(which happens to hurt the casino's bottom line).
I don't have a problem with the government doing the exact same thing.
Also,
doesn't sound right to me. In blackjack you play against the dealer, not everyone at the table.
[deleted] ยท 1 points ยท Posted at 23:25:08 on June 22, 2016 ยท (Permalink)
Gamblers making lots of money hurts the casino. Investors and companies making lots of money helps economy. Why should we stop funding innovative people who create companies that provide goods and services for us?
random_guy_2323 ยท 1 points ยท Posted at 23:21:07 on June 22, 2016 ยท (Permalink)
They could, but if someone just made a sell order, and I placed a buy order, but wasn't able to get his lower price since it needs to wait 10 seconds, I would be worse off. It works the same for sellers. And so since adding an artificial delay hurts both buyers and sellers, and doesn't have any clear benefit, they won't do it. If they do, the companies which focus on HFT will move to another exchange, and that just splits the market on means they lose fees.
AgAero ยท 1 points ยท Posted at 21:59:13 on June 22, 2016 ยท (Permalink)
Now that I would certainly agree to. Putting in a fast lane for those who can afford it clearly makes things unfair.
AspiringGuru ยท 0 points ยท Posted at 22:30:45 on June 22, 2016 ยท (Permalink)
The fees generated by high speed access to the trading systems provide a lot of funding to the stock exchange.
A few stock exchanges have introduced minimum delay trades and it appears to be catching on with some of the larger trading groups migrating their trading volumes to those exchanges. (something I read somewhere >1year ago)
luigis_girlfriend ยท 0 points ยท Posted at 00:22:10 on June 23, 2016 ยท (Permalink)
A good point, but brought to an illogical conclusion. Just because one thing doesn't guarantee a problem and another thing doesn't guarantee a solution doesn't mean it would be a bad idea to do the thing that might reduce the chance of a problem.
AgAero ยท 0 points ยท Posted at 00:35:08 on June 23, 2016 ยท (Permalink)
Try rephrasing that a bit more clearly. You've used a triple negative, no commas, as well as conditionals like 'might' and 'chance'.
Overall, my point is that there's little difference in risk between human made trades vs software based trades. What about that is illogical?
luigis_girlfriend ยท 0 points ยท Posted at 00:43:01 on June 23, 2016 ยท (Permalink)
I don't think I will.
Then you should provide some evidence to support that point. What you actually said was
Just for my entertainment I will point out the two spelling errors in your comment which I initially didn't comment on, because I am intelligent enough to easily figure out what you meant.
More importantly, you clearly pointed to the potential for a major problem that computers could cause, and the only thing you said about human oversight is that it's not "guaranteed" to prevent error.
That is entirely different from arguing that there's "little difference in risk." If you meant to make that point, may I suggest that you actually make the point?
:D
[deleted] ยท -3 points ยท Posted at 21:22:47 on June 22, 2016 ยท (Permalink)
Arf!
flarn2006 ยท -2 points ยท Posted at 21:45:22 on June 22, 2016 ยท (Permalink)
Meow!
Frungy_master ยท 7 points ยท Posted at 21:10:36 on June 22, 2016 ยท (Permalink)
found a wikipedia page for the term flash crash
Flash crashes have not have had any proper long timescale fallout which would have been made them unpopular. This is probably because "the computer sector" buys and sells to humans and a "computer freak out" is unlikely to phase real flesh and blood humans.
However there seems to be some measures to keep the most silliest extremes from happening.
The big negative effects have been by concious human trades. And even they did not introduce that much new regulation on the stock market.
dBASSa ยท 1 points ยท Posted at 21:31:28 on June 22, 2016 ยท (Permalink)
Unlikely to phase? I think you mean full yolo
Frungy_master ยท 1 points ยท Posted at 00:19:30 on June 23, 2016 ยท (Permalink)
You hold 500 000$ worth of stock and a number on a computer screen claims its now worth 500$. You see an offer to buy your stocks for 100 000$. Do you accept?
I think most people would blink. And the flash crash could already be over and the number back to more usual readings.
And making such drastic decisions people would look for social proof or atleast a theory on why the value is down, why the valuation changed so quickly and why it is not coming up. Even if it was a nuke going off in the companys premises there would be a reasonable expectation that it could be compensated by public money.
dBASSa ยท 1 points ยท Posted at 00:40:19 on June 23, 2016 ยท (Permalink)
Oh Ive listened the radiolab on it. I was making a joke about being uninformed.
mfb- ยท 1 points ยท Posted at 21:39:18 on June 22, 2016 ยท (Permalink)
The [https://en.wikipedia.org/wiki/Knight_Capital_Group Knight Capital Group] permanently lost hundreds of millions due to computer trading. Sure, there was a human error behind it, but no human would actually have done the transactions the computer did.
15413453452 ยท 1 points ยท Posted at 21:53:43 on June 22, 2016 ยท (Permalink)
Why would it be?
There are some risks associated with high frequency trading but there's no guarantee that any of them would be solved by human oversight either.
Over 90% of stock trades are done by robots and it's been like that for a good while now.
DerekPaxton ยท 0 points ยท Posted at 21:55:31 on June 22, 2016 ยท (Permalink)
The illegal part was some companies had high speed lines put in so that they would know the change on one exchange before it reached another. Even drilling holes through mountains so that their network connection was slightly faster.
Because of that they would get notice of the price change before the exchange they were buying out of. They would then buy or sell with the knowledge of the change and make huge profits.
At least thats my understanding of it. It's also possible that it might be the plot to a movie I watched, those sorts of things are often jumbled in my mind.
[deleted] ยท 2 points ยท Posted at 22:06:01 on June 22, 2016 ยท (Permalink)
Not illegal. Similar to front running but not illegal at all, in fact the SEC made explicit exemptions for it, also for HFT where they push a small order in order to detect larger fill and then buy the market to complete the fill at a higher price.
JBGIII ยท 1 points ยท Posted at 22:05:42 on June 22, 2016 ยท (Permalink)
I believe what you might be referring to is arbitrage, which is totally legal.
hepljetson ยท 0 points ยท Posted at 22:01:20 on June 22, 2016 ยท (Permalink)*
very little has actually changed since the crash. Mostly because people such as yourself don't pay attention.
[deleted] ยท 1 points ยท Posted at 22:03:40 on June 22, 2016 ยท (Permalink)
Black box is fun
Kingsley__Zissou ยท 1 points ยท Posted at 22:28:53 on June 22, 2016 ยท (Permalink)
https://youtu.be/AU1iXR_8pPM
pensivewombat ยท 1 points ยท Posted at 22:45:56 on June 22, 2016 ยท (Permalink)
What would the consequences be of passing a law that all pending stock transactions process simultaneously ever, I dunno, fifteen minutes or so?
It seems like it would level the playing field so that traders with the best read of the market succeed, rather than those with equipment and connections to ultrafast networks.
I assume there would be some unintended effects, but what would they actually be and how would they impact the economy? Basically do these billions of ultrafast transactions actually encourage capital investments, or do they just ensure that the successful investments, which were going to happen anyway, are all made by the same handful of firms and traders?
I guess what I'm asking is, would the stock market be better off if it were more like Civilization than Starcraft?
[deleted] ยท 1 points ยท Posted at 10:51:17 on June 23, 2016 ยท (Permalink)
It wouldn't be a free market and would render trading as a pure gamble. Indicators such as different technical analysis would be useless and those with skill would have equal chances to those without. It would be horrible.
pensivewombat ยท 1 points ยท Posted at 17:47:29 on June 23, 2016 ยท (Permalink)
How so?
I'm perfectly willing to accept that that might be the case. But I really don't buy that it would eliminate skill. Certainly some indicators would no longer be useful, but who is to say that reading those indicators constitutes skill?
[deleted] ยท 1 points ยท Posted at 20:28:25 on June 23, 2016 ยท (Permalink)*
There is a finite amount of each stock for sale at the 'asking price'. Once you run out of that price there is a higher ask and it goes up til there are no more shares for sale.
If orders processed every 15 minutes and there was more bids than stock for sale at the ask price, how would you compensate? who gets to buy those shares? The first callers? That becomes people with the fastest phones.
Edits- a word and formatting
pensivewombat ยท 1 points ยท Posted at 22:23:13 on June 23, 2016 ยท (Permalink)*
There are lots of ways you could handle that. Put in a min and max price and then go to the highest bidder for one example.
Edit: I felt like I was being a bit brusque. To be clear, I have ZERO financial knowledge. If this were easy to fix, someone much smarter than me would be proposing solutions. It's just that whenever I hear stuff about high frequency trading it just seems like an enormous fundamental violation of free market principles. And I've never heard a clear defense of why things have to be that way.
[deleted] ยท 1 points ยท Posted at 07:57:24 on June 24, 2016 ยท (Permalink)
Let me explain high frequency trading to you in a simple way (I hope). A programmer writes a code which will constantly be watching whatever markets it is programmed for. When the program sees indicators as written into its code (for example if the price of eur/usd drops more than x percent) it will make a decision (trade) based on this information and its code. Do not believe anyone who says this is easy- you have to be really intelligent to be able to write essentially a set of rules for making money in a market.
These programs are looking to make $0.01 per dollar invested into each trade and they are doing supremely well if they are successful 51% of the time. If traders were not allowed to do this that would be a massive violation of free market principles. I think your problem with them is that it seems like other people want to make these trades but can't as quickly and that is just completely false. Outside of black boxes people aren't making these trades because the time frame is the next minute or two minutes and unless you have a ton of money, trying to make a penny on each dollar isn't a good idea.
You wouldn't be able to successfully trade euro/dollar or pretty much any fx because of the fact that you don't have the hundreds of millions a portfolio manager does which makes making 4 cents worthwhile.
I don't think this is as simple as I hoped so please ask questions/ challenge me.
ELB95 ยท 1 points ยท Posted at 22:56:40 on June 22, 2016 ยท (Permalink)
I don't even want to know how they deal with leap years if they're closed for leap seconds.
Frungy_master ยท 1 points ยท Posted at 23:56:12 on June 22, 2016 ยท (Permalink)
leap years are easier because they are regular. Leap seconds come somewhat irregularly and it has to be decided when they are held.
ELB95 ยท 1 points ยท Posted at 00:42:20 on June 23, 2016 ยท (Permalink)
Sorry, I had forgot my /s. I know everything runs normally on leap years :P
ChaBoyBlue ยท 1 points ยท Posted at 22:56:51 on June 22, 2016 ยท (Permalink)
What programs do they normally use to find those things out?
RealNiceTrain ยท 1 points ยท Posted at 23:39:12 on June 22, 2016 ยท (Permalink)
I imagine they're using proprietary software, due to the nature of the industry. I'm only familiar with machine learning, but I am aware that machine learning algorithms are utilized, which are used to anticipate index fund rebalancing(and other things I don't know about too probably). My understanding is that most algorithms used in finance are relatively simple, and that the larger emphasis is on hardware acceleration and networking.
komali_2 ยท 1 points ยท Posted at 23:22:42 on June 22, 2016 ยท (Permalink)
Wait but doesn't capital gains tax throttle what's possible with this?
Frungy_master ยท 1 points ยท Posted at 00:07:44 on June 23, 2016 ยท (Permalink)
usually its a percentage of what you make. A slice of very little is extremely little. And usually you would be suffering that anyway if you used more traditional methods. (and with this I don't mean setting up a tax-haven account)
-Watcher- ยท 1 points ยท Posted at 00:00:37 on June 23, 2016 ยท (Permalink)
Only issue is that each transaction costs money, so unless you are dealing with thousands of shares or more, you won't make profit.
[deleted] ยท 1 points ยท Posted at 00:24:08 on June 23, 2016 ยท (Permalink)
how can i put $1000 into one of these programs?
ThellraAK ยท 1 points ยท Posted at 00:26:17 on June 23, 2016 ยท (Permalink)
Would leap seconds be a problem in most markets? They happen at 11:59:60 PM UTC
Frungy_master ยท 1 points ยท Posted at 00:33:16 on June 23, 2016 ยท (Permalink)
the problem is that the code the traders are written in might or might not be adequately prepared to handle that time. And whether some thin is affected or not could be difficult to detect and what a possible remedy woudl be offered and by whom would be very tricky.
source of the tidbit from here
mike_b_nimble ยท 1 points ยท Posted at 00:45:32 on June 23, 2016 ยท (Permalink)
Some firms spend millions to be as physically close to the exchange as possible, to get split-second advantages over competitors.
jacobbeasley ยท 1 points ยท Posted at 01:30:02 on June 23, 2016 ยท (Permalink)
This is MUCH harder than it seems. I used to write automated trading programs back in high school and college as a hobby, trading currencies automatically and things. It seems easy, but it really isn't all that easy. One of your strategies may seem to work for a few weeks, then boom the market shifts and it stops working. Its like holding a tiger by the tail...
buttyanger ยท 1 points ยท Posted at 01:56:33 on June 23, 2016 ยท (Permalink)
You're funny. There are still people picking algos.
LagrangePt ยท 1 points ยท Posted at 02:07:32 on June 23, 2016 ยท (Permalink)
Many of those algo traders pay top dollar for office space near the NYSE and build data centers in them, just so that the internet ping time to the NYSE servers are minimized.
vinboslice ยท 1 points ยท Posted at 02:36:38 on June 23, 2016 ยท (Permalink)
They caught insider trading because trades were conducted within 2 milliseconds of a Fed announcement, but even if the info was at the speed of light it would have been 7 milliseconds
https://www.reddit.com/r/todayilearned/comments/3myf30/
gravitas-deficiency ยท 1 points ยท Posted at 03:10:12 on June 23, 2016 ยท (Permalink)
TIL stock markets close for leap seconds.
Sillynipples32 ยท 1 points ยท Posted at 03:52:02 on June 23, 2016 ยท (Permalink)
What kind of companies do this ?
Sillynipples32 ยท 1 points ยท Posted at 03:52:04 on June 23, 2016 ยท (Permalink)
What kind of companies do this ?
stoner_boner69 ยท 1 points ยท Posted at 03:53:19 on June 23, 2016 ยท (Permalink)
alright but lets start small: how does one buy stock?
Thunder21 ยท 1 points ยท Posted at 04:01:03 on June 23, 2016 ยท (Permalink)
Why is that legal?
WolfInStep ยท 1 points ยท Posted at 04:02:32 on June 23, 2016 ยท (Permalink)
Is that arbitrage?
Flandersmcj ยท 47 points ยท Posted at 21:49:19 on June 22, 2016 ยท (Permalink)
The problem here is that the effects you would have on the market would compound. Sure, on day 2 you're only selling a 1 or 2 thousand, but on day 30 you are potentially swapping millions in stock every morning. On day 200 you are selling them buying the equivalent of a small country's GDP.
[deleted] ยท 3 points ยท Posted at 00:55:39 on June 23, 2016 ยท (Permalink)
Ah, yes. Liquidity issues. Good point friend!
Flandersmcj ยท 1 points ยท Posted at 01:05:35 on June 23, 2016 ยท (Permalink)
The more you know๐๐ป
rosenbergstein ยท 6 points ยท Posted at 23:18:09 on June 22, 2016 ยท (Permalink)
By that time you and everyone else will be buying and selling according to the same pattern (because everyone will buy what you will buy), and since everyone will be waiting for you to make the next move, as the time goes on you'll make less and less money ovearall
Scottal ยท 12 points ยท Posted at 00:17:13 on June 23, 2016 ยท (Permalink)
That's not true at all. In fact, the more of a following he got, the more money he would make. Every morning he would pick a stock and the people matching him would follow suit, raising the demand for the stock, thus raising the price. You see this a lot with popular investors, especially ones active on social media.
SailedBasilisk ยท 3 points ยท Posted at 00:26:16 on June 23, 2016 ยท (Permalink)
Kinda like how when Jim Cramer recommended a stock, the best response was to wait a short time and short (sell) the stock. Because people would take his advice and buy, inflating the price.
5v643h7oyi8nf5 ยท 2 points ยท Posted at 00:50:01 on June 23, 2016 ยท (Permalink)
But as soon as you tried to sell, people would stop buying, thus crashing the stock price.
Yankeedude252 ยท 0 points ยท Posted at 06:21:39 on June 23, 2016 ยท (Permalink)
By that time, you've already sold for a profit. Fuck your followers.
warriormonkey03 ยท 1 points ยท Posted at 01:23:43 on June 23, 2016 ยท (Permalink)
This would change your approach though. People know you would be selling immediately after the market opens so they would need to beat you to the sale for most profit. It's very likely at that point you buy in the morning and sell by mid day as people would dump stock before close to try and get the best price.
crackedquads ยท 2 points ยท Posted at 01:53:52 on June 23, 2016 ยท (Permalink)
It could compound your gains if people followed your lead. You buy, everyone follows suit, driving the price up.
rosenbergstein ยท 2 points ยท Posted at 02:00:07 on June 23, 2016 ยท (Permalink)
Why would they, knowing the only reason the price goes up is because they're buying after you did?
blood_bender ยท 3 points ยท Posted at 02:47:05 on June 23, 2016 ยท (Permalink)
Huh? Are you asking why someone would buy stock that they know is going to go up?
rosenbergstein ยท 1 points ยท Posted at 23:18:26 on June 24, 2016 ยท (Permalink)
That it is going to go up only because he and everyone else is going to buy it
blood_bender ยท 1 points ยท Posted at 00:53:22 on June 25, 2016 ยท (Permalink)
I mean yeah, but regardless if you know a stock is going to go up you buy regardless of the reason.
MoistPockets ยท 2 points ยท Posted at 02:13:20 on June 23, 2016 ยท (Permalink)
That's why they have Dark Pools. https://en.wikipedia.org/wiki/Dark_liquidity#Dark_pools
You can make your trades while being anonymous. People won't know who you were until after the trade, if at all.
offthewall_77 ยท 5 points ยท Posted at 22:18:39 on June 22, 2016 ยท (Permalink)
Would be a lot easier if Robinhood didn't decide to fuck up every morning on opening bell.
Toastar-tablet ยท 3 points ยท Posted at 23:25:17 on June 22, 2016 ยท (Permalink)
Wait, don't stocks take 3 days to settle?
Navyguy330 ยท 2 points ยท Posted at 23:18:17 on June 22, 2016 ยท (Permalink)
You would need a seriously large margin account, since a trade takes 3 days to clear. and trading on uncleared funds is called free riding, an SEC no-no. so unless you are using margin, you have to make sure every three days you use no more than half of what you made the previous 3 day3. (margin usually is 100% of what you have so if you have 5K you can buy 10K stock BUT when you sell that stock you cannot sell another stock that was bought with those funds until those stock funds clear.
its a little more complicated but thats the jist.
everred ยท 2 points ยท Posted at 23:43:53 on June 22, 2016 ยท (Permalink)
I scammed a business class using the same method. The prof gave us a semester-long assignment, best overall portfolio performance got a one grade bump on the final, and only our profits or losses were self reported weekly. I just looked up the stocks that performed the best each day of the week and wrote down that I had sold the previous holding and bought the new grower. Since we never had to report transactions, I ran away with it.
Hindsight is great for picking stock winners.
Ssgogo1 ยท 2 points ยท Posted at 00:41:22 on June 23, 2016 ยท (Permalink)
you legally cant sell a stock and immediately buy another with the money from the first that's against SEC good faith rule there is a 3 day wait period. Unless you have a margins account over 25,000 dollars.
TheCazaloth ยท 1 points ยท Posted at 22:23:19 on June 22, 2016 ยท (Permalink)
You guys need to go read The Sirens of Titan.
pigvwu ยท 1 points ยท Posted at 22:48:03 on June 22, 2016 ยท (Permalink)
No, other way around. You sell right before the close of the day and buy the next day's stock. A lot can happen overnight with after hours trading and whatnot, and the stock may open higher than the previous day's price.
00100100_00111111 ยท 1 points ยท Posted at 22:58:11 on June 22, 2016 ยท (Permalink)
But what do you do when you get to Z and there's no more letters?
arbitrageME ยท 1 points ยท Posted at 00:55:13 on June 23, 2016 ยท (Permalink)
lol. spreadsheet math always works out better than actual math. Look at the stocks that are being traded in Dec. Do you think ANY of those stocks can handle $100B trading volume, all on one side, then closed out at EoD?
Additionally, why does the site only pick winners? If I'm going to be in Magic Christmasland, why can't I short the stock that falls the most?
FlametopFred ยท 1 points ยท Posted at 01:08:14 on June 23, 2016 ยท (Permalink)
Buy low and sell high. That is the proven strategy
Eureka_sevenfold ยท 1 points ยท Posted at 01:24:33 on June 23, 2016 ยท (Permalink)
this may help you learn it
www.saltybet.com
[deleted] ยท 1 points ยท Posted at 01:39:02 on June 23, 2016 ยท (Permalink)
would you have to do this at the very opening of trading? basically before anyone had done anything?
TrippyToast0 ยท 1 points ยท Posted at 01:40:43 on June 23, 2016 ยท (Permalink)
I tried my luck at stocks once. Lost $30 the first day. I'm definitely no wolf of wall street
Iknowyourmom_AMA ยท 1 points ยท Posted at 01:44:51 on June 23, 2016 ยท (Permalink)
I know i would want to invest with apple the last day of my investing career, but I don't know what would be a good start
abdisalaan ยท 1 points ยท Posted at 02:33:48 on June 23, 2016 ยท (Permalink)
it doesn't work that way. Who's gonna buy all your shares when you sell to switch stocks?? And certainly not on a consistent basis
goodolarchie ยท 1 points ยท Posted at 02:36:42 on June 23, 2016 ยท (Permalink)
For anyone time travelling, don't do this, the SEC will be upset. Stick to sports bets and maybe sit on some stock long term.
Holdthepinforme ยท 1 points ยท Posted at 02:37:01 on June 23, 2016 ยท (Permalink)
You would have to buy and sell simultaneously at the close each day. Best performing stock each day is measured from the previous close so it includes more often than not news that broke after hours and opens much higher. Selling the best performing stock the next morning could theoretically lock in overnight losses.
markth_wi ยท 1 points ยท Posted at 03:03:40 on June 23, 2016 ยท (Permalink)
Unfortunately, as I understand it can take 3 days to actually clear a transaction under normal circumstances, whereby money is available again with profit for trading. So effectively you'd need to do this for a few days with some wait but would be able to roll bigtime thereafter.
Almost certainly however, you'd be nuked by HFT firms identifying your giant 'institutional' sized trades.
ASurplusofChefs ยท 1 points ยท Posted at 03:04:03 on June 23, 2016 ยท (Permalink)
fyi, most day traders don't carry positions over night when the markets close. you never know what could happen between open and close that could cause a big shift in the markets.
nathan_295 ยท 1 points ยท Posted at 05:17:29 on June 23, 2016 ยท (Permalink)
Just need a time machine to take me back 6 hours each day.
[deleted] ยท 1 points ยท Posted at 05:53:29 on June 23, 2016 ยท (Permalink)
I would like to buy a stock. Should I consult the Hittle? Shall we be BIFFLs?
NUMBerONEisFIRST ยท 1 points ยท Posted at 06:19:33 on June 23, 2016 ยท (Permalink)
Fees would kill your profit
[deleted] ยท 49 points ยท Posted at 22:12:52 on June 22, 2016 ยท (Permalink)
It won't work. You'd start impacting the market. You buy 1k of apple and no one cares. You buy 40 billion and you'll blow through the order book and raise the price. You can only get so large.
nickoly9 ยท 2 points ยท Posted at 04:03:07 on June 23, 2016 ยท (Permalink)
At which point you can sell and have profit!
princessvaginaalpha ยท 75 points ยท Posted at 21:37:21 on June 22, 2016 ยท (Permalink)
mate, just watch Limitless. Bradly Cooper was making millions trading stocks until he decided to forget paying his loan sharks.
pikk ยท 92 points ยท Posted at 21:40:24 on June 22, 2016 ยท (Permalink)
biggest fucking plot hole in the movie.
Why would a mega genius think that taking money from the russian mafia was the best way to do things?
souldust ยท 110 points ยท Posted at 22:01:04 on June 22, 2016 ยท (Permalink)
The plot hole is that as the cash was flowing in he forgot to pay the guy. He could remember the contents while flipping through a book 7 years back, but not to pay the guy from last week?
Zarathustranx ยท 106 points ยท Posted at 22:49:59 on June 22, 2016 ยท (Permalink)
Also no loan shark just kills you for being late on a payment. That would be terrible for business.
pm_your_tickle_spots ยท 23 points ยท Posted at 23:42:30 on June 22, 2016 ยท (Permalink)
He didn't try to kill him for the late payment. He wanted more of the awesome clear tablets.
I_Am_Vladimir_Putin ยท 7 points ยท Posted at 02:08:57 on June 23, 2016 ยท (Permalink)
Oh god the whole drinking blood thing later
Skauzor ยท 1 points ยท Posted at 06:10:20 on June 23, 2016 ยท (Permalink)
That movie really got out of hand.
[deleted] ยท 18 points ยท Posted at 23:12:17 on June 22, 2016 ยท (Permalink)
[deleted]
calicosiside ยท 16 points ยท Posted at 23:33:52 on June 22, 2016 ยท (Permalink)
It's to show you he means business and that he is not gonna go easy on you
KlopeksWithCoppers ยท 10 points ยท Posted at 00:05:55 on June 23, 2016 ยท (Permalink)
It's from Dirty Work.
calicosiside ยท 1 points ยท Posted at 23:14:57 on June 23, 2016 ยท (Permalink)
Ah, missed the reference on that one
Snappel ยท 1 points ยท Posted at 00:31:40 on June 23, 2016 ยท (Permalink)
That was the late fee.
xlptu ยท 1 points ยท Posted at 01:15:39 on June 23, 2016 ยท (Permalink)
Their objective is not to punish you, but to get their money back.
[deleted] ยท 1 points ยท Posted at 02:29:04 on June 23, 2016 ยท (Permalink)
It's a bad way of going for an objective.
Don't make a cornered animal think that you're the path of least resistance. Additionally, the threat of pain often frightens people more than pain itself.
Therefore, you can either shoot off his toe, and make him think he has no choice out of this except to kill you, or you can intimidate him and make him think that the easiest way out is by paying.
blood_bender ยท 1 points ยท Posted at 02:50:37 on June 23, 2016 ยท (Permalink)
I disagree. You blow off someone's toe and tell them you'll be back in a few days and they better have the money, that's much more threatening than "I'm gonna hurt you!" They already hurt you once, next time will be worse.
[deleted] ยท 1 points ยท Posted at 02:58:47 on June 23, 2016 ยท (Permalink)
Or, you blow my toe off, and I go to the store and buy a gun and I'm ready for you in 4 days because there's a fucking reason why I don't have the money ready 4 days before the deadline.
panamaspace ยท 1 points ยท Posted at 23:48:40 on June 22, 2016 ยท (Permalink)
I was considering going into that business line for reasons.
Could I still kneecap delinquent accounts?
deliciousnightmares ยท 2 points ยท Posted at 00:00:45 on June 23, 2016 ยท (Permalink)*
You're a loan shark, you could strap a bomb to people's genitals set to go off the second they're late on a payment for all anyone cares. You just won't make a lot of money doing that, and you'll probably gain the attention of the local police very quickly.
You can get rich by being a psychopath, but not by being a sadist.
LimitedC0nnection ยท 1 points ยท Posted at 23:33:56 on June 22, 2016 ยท (Permalink)
Loan sharks kind of what you not to pay so they can squeeze you for weeks actually
pigvwu ยท 26 points ยท Posted at 22:52:19 on June 22, 2016 ยท (Permalink)
He's basically tripling his money every day with tens of thousands in his account by the time he decides to borrow money. I guess the drug makes you good at everything except exponential effects, because all he had to do was work 2 more days to have more money than he borrowed.
Aloysius7 ยท 4 points ยท Posted at 00:33:37 on June 23, 2016 ยท (Permalink)
This is the plot hole
HiMyNameIs_REDACTED_ ยท 5 points ยท Posted at 01:53:32 on June 23, 2016 ยท (Permalink)
Well, his supply was limited.
He was panicking.
No, it's not excusable, but still.
thegreatburner ยท 4 points ยท Posted at 22:04:15 on June 22, 2016 ยท (Permalink)
I am not standing up for the movie but even as a mega genius, he is still human and we are extremely flawed. He was less flawed than most but still likely to do stupid things because he is human.
LlamaJack ยท 3 points ยท Posted at 23:33:25 on June 22, 2016 ยท (Permalink)
I dunno..
I'm no genius, but I definitely wouldn't forget to pay a loan shark.
Mogg_the_Poet ยท 1 points ยท Posted at 01:43:39 on June 23, 2016 ยท (Permalink)
I remember I saw this and I paused the movie to calculate.
He could have waited about 5 days from his initial seed and have the 100k he borrowed.
Sure, it's exponential but 5 days is a perfectly fine time to wait to not have to deal with unpredictable criminals.
Slong427 ยท 1 points ยท Posted at 02:10:45 on June 23, 2016 ยท (Permalink)*
Maybe I'm remembering incorrectly, but he paid him the money, and the guy found his drug and took it because crazy Russian?
Ahh damn gonna have to watch it again
Edit: that's why he was there to collect money he forgot. But he was tapered off of the drug at the time so maybe they thought it was an ok justification.
root88 ยท 1 points ยท Posted at 13:43:47 on June 23, 2016 ยท (Permalink)
What? He didn't forget to pay the guy. The loan shark just new that something was going on and tried to force Cooper's character to let him in on it.
princessvaginaalpha ยท 0 points ยท Posted at 17:03:10 on June 23, 2016 ยท (Permalink)
The loan shark guy got to him because he didnt pay on time (he forgot) and from then got to know about NZT.
You got to rewatch it dude. I dont have it, I remember it clear as day, because Im on NZT
philmtl ยท 5 points ยท Posted at 22:17:36 on June 22, 2016 ยท (Permalink)
Finding buyers is the hard part can't sell to no-one
mlmayo ยท 1 points ยท Posted at 02:55:45 on June 23, 2016 ยท (Permalink)
It seems an attempt to somehow profit by selecting value fluctuations of stocks that are beneficial to you on the short term. Long term holding is better, because on timescales longer than the fluctuations the market trends upward. Just based on the fundamental nature of stochastic fluctuations, I'd say that such rapid trading is a bad idea.
bobobo1618 ยท 1 points ยท Posted at 04:50:21 on June 23, 2016 ยท (Permalink)
If you know everything about which way the stock is going to move, short term trades are absolutely better than long term.
Say a stock moves up 12 dollars, down 20 dollars then back up 40 dollars. In total if you bought it before the move and sold it at the end, you'd have made $32. Now if only the other hand, you bought it at open, sold and shorted it at 12, covered and bought it at -8 and sold again at $32, you'd have made $52. Fluctuations like this can easily happen in a minute. Multiply that up to a full day.
If you know everything about where it's going to move, you can profit off every single move and there are a lot of moves.
[deleted] ยท 1 points ยท Posted at 04:19:29 on June 23, 2016 ยท (Permalink)
Which is why the idea is false. It would work in the beginning but later on when you have to sell "billions" worth of a single stock...yeah no, thats not how the stock market work.
sir_ramen ยท 1 points ยท Posted at 04:28:52 on June 23, 2016 ยท (Permalink)
Baby steps.
RscMrF ยท 1 points ยท Posted at 05:50:08 on June 23, 2016 ยท (Permalink)
Well, you would not necessarily have to pick a new one every day. With hindsight being what it is, just look and see which stock increased the most each day and buy it before the increase and sell after. If it is the same stock multiple days then you keep it until a new one has a bigger increase that day.
Cool_Cat_J ยท 1 points ยท Posted at 07:11:53 on June 23, 2016 ยท (Permalink)
My advice, trade natural gas. Turned $30 into $3000 in about a month.
[deleted] ยท 1 points ยท Posted at 12:00:20 on June 23, 2016 ยท (Permalink)
that is crazy profits, how do i trade like that?
gangstarapMAIDmeDoit ยท 0 points ยท Posted at 00:41:38 on June 23, 2016 ยท (Permalink)
as Warren Buffet once said "you buy to hold."
Cool_Cat_J ยท 1 points ยท Posted at 06:03:08 on June 24, 2016 ยท (Permalink)
Disagree, buy and sell. Don't be greedy, $15 profit on a risky margin is better then loosing the entire investment.
gangstarapMAIDmeDoit ยท 1 points ยท Posted at 01:24:17 on June 25, 2016 ยท (Permalink)
When you're looking to buy a stock you don't look for short term. Example, walmart was 52$ 3 or so years ago, now it's at 71$. My friend that's been employed there as a pharmacist for 5 years purchased when it as in the 50s. He purchased 1000 stocks, now he can pull out and collect about 20,000.
[deleted] ยท 153 points ยท Posted at 22:09:43 on June 22, 2016 ยท (Permalink)
If it was as easy as being right all the time my wife would be a billionaire
PM_ME_UR_GRLS_POOPER ยท 7 points ยท Posted at 00:29:03 on June 23, 2016 ยท (Permalink)
This guy doesn't fuck
Marriage jokes, they write themselves, amiright
BlueBlazeMV ยท 2 points ยท Posted at 02:28:45 on June 23, 2016 ยท (Permalink)
She found your reddit account, didn't she?
Information_High ยท 1 points ยท Posted at 11:35:44 on June 23, 2016 ยท (Permalink)
This needs to be a T-shirt.
[deleted] ยท 132 points ยท Posted at 21:46:23 on June 22, 2016 ยท (Permalink)*
One stock out of 500, 500 times in a row. 1/500500. That does sound pretty hard.
slingmustard ยท 143 points ยท Posted at 22:11:57 on June 22, 2016 ยท (Permalink)
Yeah, with that attitude.
admbrotario ยท 5 points ยท Posted at 00:01:46 on June 23, 2016 ยท (Permalink)
pfft... no wonder math graduates never get rich.
midnightketoker ยท 1 points ยท Posted at 04:40:19 on June 23, 2016 ยท (Permalink)
Except Bayesians
Cat_Marshal ยท 30 points ยท Posted at 22:04:07 on June 22, 2016 ยท (Permalink)
Pretty much sounds like the lottery. With educated guesses at the answer.
[deleted] ยท 77 points ยท Posted at 22:09:01 on June 22, 2016 ยท (Permalink)
About a thousand orders of magnitude less likely than winning the lottery ;-) It's a pretty tiny number
HiMyNameIs_REDACTED_ ยท 2 points ยท Posted at 01:56:00 on June 23, 2016 ยท (Permalink)
Well yes, but the lottery is entirely random.
With the stock market you can learn how a company will likely do.
This brings the chance up many orders of magnitude. At least for the รbergenii among us.
[deleted] ยท 0 points ยท Posted at 03:14:23 on June 23, 2016 ยท (Permalink)
I'm totally wrong with the idea but I always thought (conspiracy junkie) that popular lotteries were all rigged by a super computer similar to the one in Person of Interest (I only watched the three episodes been meaning to go back and catch up) only targeting the elderly and those that the money would negatively impact.
[deleted] ยท 1 points ยท Posted at 03:15:53 on June 23, 2016 ยท (Permalink)
So your best bet is winning the lottery, and then buying the right stocks
besrs ยท 0 points ยท Posted at 22:32:03 on June 22, 2016 ยท (Permalink)
Well hundreds of billion as the prize is also many orders magnitudes more than lotto
regendo ยท 3 points ยท Posted at 23:10:14 on June 22, 2016 ยท (Permalink)*
Not that much. Orders of magnitude are powers of ten. Hundreds of billions are X * 1011, with X being any number between 1 (inclusive) and 10 (exclusive). So if your lotto win is one million (X * 106 ), "hundreds of billions" is larger by 5 orders of magnitude (11-6=5).
Not that much, compared to the chance of winning which according to the comment above is smaller by 1000 orders of magnitude. If you took the chance of winning the lottery and divided it by a number that is a 1 followed by a thousand 0s, that would be the chance of pulling this off.
besrs ยท 1 points ยท Posted at 01:26:36 on June 23, 2016 ยท (Permalink)
Oops had in my head only 1000x so was thinking 3 orders. Didnt stop to consider 500 as anything more than a big number so my comparison of millions and billions is indeed irrelevant
[deleted] ยท 1 points ยท Posted at 07:17:19 on June 23, 2016 ยท (Permalink)
It's only about 5 or 6 orders of magnitude more.
[deleted] ยท 0 points ยท Posted at 02:54:10 on June 23, 2016 ยท (Permalink)
Not to mention, if you are going to gamble you might as well go to the casino and play a single number twice. Chances of becoming a millionaire: just under 1/1000.
Zeeterm ยท 67 points ยท Posted at 22:19:35 on June 22, 2016 ยท (Permalink)*
This is nowhere near the lottery, this is way less likely. The lottery is picking A number out of (approximately) 50, 6 times in a row. 50 choose 6 is less than 506. Which is a little less than 5006. 5006 is a million times 506, but that's not so different when we compare it to 500500, which is, well 50012 is 5006 * 506 (lottery odds) * 106 (million).
So 50012 is vastly larger than 5006 and we are still nowhere near 500500.
In fact if we take our new huge number 50012 and multiply it by itself then we get to 50024. Take that new number and multiply it again and you get 50048.
Keep multiplying these impossibly large numbers by themselves 3 more times and you still aren't at 500500.
Edit: to do this at random you would have a chance 1 in a number with 1350 digits long.
Compare to the lottery which is 1 in a number 8 digits long.
Even if just picking the correct outcome of a fair coin 500 times is 1 in 2500 which is 1 over a number 151 digits long.
The lottery is approximately as difficult as picking a fair coin around 20 times in a row.
The lottery is child's play in comparison.
I_luv_wanton_noodle ยท 17 points ยท Posted at 23:51:19 on June 22, 2016 ยท (Permalink)
/r/theydidthemath.
HotaGrande ยท 4 points ยท Posted at 01:13:10 on June 23, 2016 ยท (Permalink)
I swear to god if someone says it I'm going to burn this place down.
[deleted] ยท 4 points ยท Posted at 03:36:21 on June 23, 2016 ยท (Permalink)
/r/theydidthemonstermath
trepras ยท 5 points ยท Posted at 01:09:13 on June 23, 2016 ยท (Permalink)
r/theydidthemonstermath
DaylightDarkle ยท 4 points ยท Posted at 02:18:30 on June 23, 2016 ยท (Permalink)
/r/itwasagraveyardgraph
iamafuckingrobot ยท 2 points ยท Posted at 03:22:46 on June 23, 2016 ยท (Permalink)
1 / 305 493 636 349 960 468 205 197 939 321 361 769 978 940 274 057 232 666 389 361 390 928 129 162 652 472 045 770 185 723 510 801 522 825 687 515 269 359 046 715 531 785 342 780 428 396 973 513 311 420 091 788 963 072 442 053 377 285 222 203 558 881 953 188 370 081 650 866 793 017 948 791 366 338 993 705 251 636 497 892 270 212 003 524 508 209 121 908 744 820 211 960 149 463 721 109 340 307 985 507 678 283 651 836 204 093 399 373 959 982 767 701 148 986 816 406 250 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
https://defuse.ca/big-number-calculator.htm
vehga ยท 1 points ยท Posted at 03:53:36 on June 23, 2016 ยท (Permalink)
But how how many stocks do I need to make as much as the lottery?
Przedrzag ยท 2 points ยท Posted at 08:19:37 on June 23, 2016 ยท (Permalink)
Assuming a $200 million jackpot, about 1/10 to 1/20. The lottery is still way more profitable.
ManyPoo ยท 25 points ยท Posted at 22:46:42 on June 22, 2016 ยท (Permalink)*
Forget that, think a game of "guess the atom in the universe". Out of all the atoms in all the trillions of galaxies I pick a random atom, and you have to guess it right. The chance of you getting that atom is still FAAAAR more likely than 1/500500
EDIT: in fact you'd have to win "guess the atom" about 15 times in a row for the chance to be about 1/500500.
EDIT2: Maths time.
100 < 500 < 1000
so
100500 < 500500 < 1000500
This is the same as:
101000 < 500500 < 101500
Number of atoms in the universe = 1080
Chance of guessing the right atom = 1/1080
Chance of guessing the right atom, n times in a row = 1/1080n
So n is around 15. Therefore:
Chance of guessing the atom, 15 times in a row ~= chance of picking 500 stock market winners for 500 days.
cheapinvite1 ยท 5 points ยท Posted at 04:22:46 on June 23, 2016 ยท (Permalink)
Is it that one over there?
ManyPoo ยท 2 points ยท Posted at 05:18:50 on June 23, 2016 ยท (Permalink)
What the hell... Beginner's luck.
calicosiside ยท 2 points ยท Posted at 23:37:45 on June 22, 2016 ยท (Permalink)
Im pretty certain at 1/500500 you could even ask them to specify the time to the second at which they win and they still have a better shot at winning
[deleted] ยท 1 points ยท Posted at 11:13:51 on June 23, 2016 ยท (Permalink)
[deleted]
cacaracas ยท 2 points ยท Posted at 11:32:18 on June 23, 2016 ยท (Permalink)
Are you on mobile?
It should be "1 divided by 500 to the power of 500".
edrudathec ยท 1 points ยท Posted at 03:20:18 on June 23, 2016 ยท (Permalink)
People win the lottery.
We do not have enough people ensure a win.
I tried to calculate how many people it would take, but google just gave up and said Infinity.
Cat_Marshal ยท 1 points ยท Posted at 17:42:09 on June 23, 2016 ยท (Permalink)
Wouldn't it just be one person per number? Or are you assuming that there is no saying what number anybody would pick and how many people it would take randomly picking numbers before every number is chosen?
edrudathec ยท 1 points ยท Posted at 18:24:30 on June 23, 2016 ยท (Permalink)
One person per 500 number long sequence.
Cat_Marshal ยท 1 points ยท Posted at 18:33:15 on June 23, 2016 ยท (Permalink)
Oh sorry, for some reason I started thinking winning the lottery, but yes those odds are much better than randomly winning the stock exchange.
patrickmurphyphoto ยท 5 points ยท Posted at 22:37:33 on June 22, 2016 ยท (Permalink)
But more than one stock goes up per day, that would only assume only one stock a day is the correct pick, however their are many that would make your investment grow by various degrees.
Busybyeski ยท 1 points ยท Posted at 07:49:02 on June 23, 2016 ยท (Permalink)
Wouldn't you put all your money where it would get the best return?
iamafuckingrobot ยท 2 points ยท Posted at 03:23:51 on June 23, 2016 ยท (Permalink)
1 / 305 493 636 349 960 468 205 197 939 321 361 769 978 940 274 057 232 666 389 361 390 928 129 162 652 472 045 770 185 723 510 801 522 825 687 515 269 359 046 715 531 785 342 780 428 396 973 513 311 420 091 788 963 072 442 053 377 285 222 203 558 881 953 188 370 081 650 866 793 017 948 791 366 338 993 705 251 636 497 892 270 212 003 524 508 209 121 908 744 820 211 960 149 463 721 109 340 307 985 507 678 283 651 836 204 093 399 373 959 982 767 701 148 986 816 406 250 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000
https://defuse.ca/big-number-calculator.htm
lukejodonnell ยท 1 points ยท Posted at 22:47:58 on June 22, 2016 ยท (Permalink)
Even if you had a 50:50 shot at each stock being right, so effectivly it's like flipping heads 500 times in a row, the odds would be (1/2)500, or 3.5 x 10-151
Antrikshy ยท 1 points ยท Posted at 23:50:16 on June 22, 2016 ยท (Permalink)
r/nevertellmetheodds
[deleted] ยท 1 points ยท Posted at 00:00:22 on June 23, 2016 ยท (Permalink)
To get the absolute best possible score, sure.
But you could pull it off with almost any set of stocks as long as you got profitable stocks every day, and there is more than 1 stock that goes up on any given day. (Especially if you expand to the market as a whole and not just the S&P 500.)
ktappe ยท 1 points ยท Posted at 00:45:56 on June 23, 2016 ยท (Permalink)
My computer won't even calculate that number.
But even 5005 is 31 trillion. Good luck getting thru the first week of that plan.
kboy101222 ยท 1 points ยท Posted at 03:32:11 on June 23, 2016 ยท (Permalink)
The number is 305493636349960468205197939321361769978940274057232666389361390928129162652472045770185723510801522825687515269359046715531785342780428396973513311420091788963072442053377285222203558881953188370081650866793017948791366338993705251636497892270212003524508209121908744820211960149463721109340307985507678283651836204093399373959982767701148986816406250000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
arbitrageME ยท 1 points ยท Posted at 00:59:16 on June 23, 2016 ยท (Permalink)
I'll give you a break. You only have to do it 200 days in a row. That makes your job 10539 times easier!
[deleted] ยท 1 points ยท Posted at 07:15:12 on June 23, 2016 ยท (Permalink)*
Wow, I wish my day job was 10539 times easier. Tell you what, I'd even settle for 2 times easier.
yordleftw ยท 1 points ยท Posted at 02:53:54 on June 23, 2016 ยท (Permalink)
Dem pemdas doe...
[deleted] ยท 1 points ยท Posted at 03:22:57 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 1 points ยท Posted at 08:12:37 on June 23, 2016 ยท (Permalink)*
Not sure. Let's say you can beat the market by about half a percent on average. Let's also assume that the market is constant and stable overall (big assumptions to allow for a very straightforward calculation).
After 500 picks you've got: 1000 * 1.005500, which, by virtue of "the magic of compound interest", totals up to about $12,000. Don't quit your day job :-). But hey, keep going for 20 years (without spending any of that on food or shelter) and you'll be doing pretty well.
Note by the way that consistently beating the market by 0.5% is no small feat - massive organizations are doing their best using tons of bright crooks with insider knowledge, and would be pretty happy if they could multiply their money by 12 every 2 years.
Computing a probability of making billions is a lot tougher. One way to go about that is to estimate the probability of picking a stock as a function of how it'll change that day compared to the others; for instance you'd have a high chance of picking a +10% stock on a day when all others go down. You could use a Boltzmann distribution for instance, and play around with the temperature parameter to adjust how good your research is, and simulate that on S&P data a few thousand times to get the corresponding money earning distribution. Should take a couple hours of work though... Post your results here :-)
HaMMeReD ยท 1 points ยท Posted at 04:09:22 on June 23, 2016 ยท (Permalink)
I'm sure that you can probably optimize off the bat and exclude at least 250 a day.
nothanksjustlooking ยท 1 points ยท Posted at 05:42:25 on June 23, 2016 ยท (Permalink)
According to my calculator that works out to be E, which I assume stands for easy peasy.
root88 ยท 1 points ยท Posted at 13:45:29 on June 23, 2016 ยท (Permalink)
There are a lot more than 500 stocks to choose from.
[deleted] ยท 2 points ยท Posted at 14:28:56 on June 23, 2016 ยท (Permalink)
The original post mentions the S&P 500, which is 500 stocks as its name indicates. Sure, there's tens of thousands of options to choose from if you want more choice, perhaps tens of millions if you include all sorts of derivative products etc.
root88 ยท 2 points ยท Posted at 14:39:39 on June 23, 2016 ยท (Permalink)
You are totally correct! My bad.
semiquantifiable ยท 85 points ยท Posted at 19:52:51 on June 22, 2016 ยท (Permalink)
Well, there are little technicalities like there being enough stock available for you to buy all at once on a single day, and the stock price (or possibly even the market) not being affected by large purchases or more significantly, large sales when you do so. Or following regulations like having to report owning more than x% of a publicly listed company.
And you'll probably have to pay some taxes too. But yeah, knowing the future like that would definitely make you rich.
Zardif ยท 44 points ยท Posted at 21:07:36 on June 22, 2016 ยท (Permalink)
Taxes are a next year problem.
bradmont ยท 42 points ยท Posted at 23:58:38 on June 22, 2016 ยท (Permalink)
If I earned $179 billion in a year, I wouldn't even care if I had to pay 75% tax on it. $45 billion is still more money than I could fathom, and I'm sure the government* would have something worthwhile to do with the rest.
*I live in Canada
SailedBasilisk ยท 12 points ยท Posted at 00:31:31 on June 23, 2016 ยท (Permalink)
No, you don't understand. If you have to pay taxes on it, there's no point in making money!
[deleted] ยท 7 points ยท Posted at 01:00:07 on June 23, 2016 ยท (Permalink)
Yeah, might as well just burn those 45 billion. They're worthless anyways!
[deleted] ยท 2 points ยท Posted at 01:18:17 on June 23, 2016 ยท (Permalink)
75% dude wtf?
theOdysseyEffect ยท 6 points ยท Posted at 01:47:11 on June 23, 2016 ยท (Permalink)
I think you missed the part where he still had $45 billion.
[deleted] ยท 1 points ยท Posted at 04:12:14 on June 23, 2016 ยท (Permalink)
More money, more problems. Doesnt mean youll love your life any more.
theOdysseyEffect ยท 1 points ยท Posted at 04:22:39 on June 23, 2016 ยท (Permalink)
psssh, I'll just buy my happiness. /s
bradmont ยท 1 points ยท Posted at 12:47:20 on June 23, 2016 ยท (Permalink)
You could always give it away to causes you believe in.
[deleted] ยท -8 points ยท Posted at 01:56:34 on June 23, 2016 ยท (Permalink)*
[deleted]
[deleted] ยท 4 points ยท Posted at 03:19:02 on June 23, 2016 ยท (Permalink)
Nah, some of us are just fine living on the frugal billions.
2nd_law_is_empirical ยท 1 points ยท Posted at 06:49:11 on June 23, 2016 ยท (Permalink)
For all the outcry after that Panama tax -scandal, it seems easy to justify the actions of the rich. 75% is just insane, 50% should be the max tax.
[deleted] ยท 1 points ยท Posted at 06:24:53 on June 23, 2016 ยท (Permalink)
Have you SEEN our government?......
LadyRenly ยท -7 points ยท Posted at 01:40:36 on June 23, 2016 ยท (Permalink)
yeah at that point I'd just stop whenever I would end up with 45 billion anyway, the more you make the more you get taxed, so wouldn't there be a point you'd be better off just stopping and get taxed less?
SwervyNinja ยท 8 points ยท Posted at 02:42:21 on June 23, 2016 ยท (Permalink)
No you will still be making more money even if you are taxed more.
dysangel ยท 7 points ยท Posted at 03:28:46 on June 23, 2016 ยท (Permalink)
That's not how taxes work. You only pay the higher tax band over a certain threshold. And no, there's never a point where that causes you to make less by earning more. If you're that bad with making assumptions rather than finding out facts, I doubt you'll have to worry about being a billionaire though
Przedrzag ยท 2 points ยท Posted at 08:21:41 on June 23, 2016 ยท (Permalink)
By the time you're making $180 billion, the difference between absolute and marginal tax is negligible.
dysangel ยท 3 points ยท Posted at 10:16:36 on June 23, 2016 ยท (Permalink)
True, but at no point does making more money put less into your pocket. Plus I've never really had a problem with tax, it provides useful services for me, and others in the community too. It's kind of like forced charity :p
Przedrzag ยท 1 points ยท Posted at 11:20:30 on June 23, 2016 ยท (Permalink)
Well, once you have that much money, tax becomes a non-issue. Besides, most governments need it.
Mogg_the_Poet ยท 3 points ยท Posted at 01:44:15 on June 23, 2016 ยท (Permalink)
Once you get big enough you can just avoid taxes anyway
[deleted] ยท 3 points ยท Posted at 02:40:41 on June 23, 2016 ยท (Permalink)
The biggest one I can think to add is that if you start with $1000 you probably won't be allowed to trade on margin so trades will take 3 days to settle anyway.
And if you did get margin, you're still making daily trades with a small amount of money. SEC regulations state that your broker would identify you as a pattern day trader after 4 days and demand you drop $25,000 into your account or lock you out.
So you need to get a margin account, which isn't assumed for total beginners, and you need to earn $24,000 from $1,000 in 4 days to avoid being flagged for day trading. Pretty hard.
u38cg2 ยท 3 points ยท Posted at 22:03:32 on June 22, 2016 ยท (Permalink)
You might enjoy this, if you haven't seen it.
http://ftalphaville.ft.com/2015/02/27/2120422/meet-the-man-who-could-own-aviva-france/
"a story of grand stupidity, of how a French insurer wrote the worst contract in the world"
No kidding.
Fortune_Cat ยท 2 points ยท Posted at 00:00:11 on June 23, 2016 ยท (Permalink)
Can I get a TL dr
BlackSight6 ยท 3 points ยท Posted at 00:32:36 on June 23, 2016 ยท (Permalink)
French life insurance company sold a policy where they would publish stock prices every Friday. At any point during the next week, policy holders could buy a stock at the published price, even if the stock had changed. They offered the policy back in 1987, when it was no where near as easy to look up prices or order a trade as it is today. They managed to trick most of the holders to give up this ability by paying them a "convenience fee" to "update the policy." The article is about one particular man who still has policy, continues to play the market to the best of his ability, and in a few years could actually have his policy be worth more money than the insurance company who owns the policy is worth.
Fortune_Cat ยท 1 points ยท Posted at 01:20:39 on June 23, 2016 ยท (Permalink)
That is Hilarious
Fail on the legal team that didn't add a clause that allows them to end the policy at any time
[deleted] ยท 1 points ยท Posted at 03:50:45 on June 23, 2016 ยท (Permalink)
That's not usually the kind of clause you want to see in a life insurance policy.
Fortune_Cat ยท 1 points ยท Posted at 07:12:49 on June 23, 2016 ยท (Permalink)
Don't know why stocks are being traded via an insurance policy to begin with
u38cg2 ยท 1 points ยท Posted at 08:51:51 on June 23, 2016 ยท (Permalink)
His life insurance contract is invested in the stock market. Once a week he can switch investments at last week's price. He's been achieving growth of about 69% per annum, since 1997.
itisike ยท 1 points ยท Posted at 23:34:13 on June 22, 2016 ยท (Permalink)
The real problem is that after the first billion or so, the market would realize that someone is eating their lunch, and would refuse to trade. I'm pretty sure you couldn't get $179 billion out of the market in such a short time.
I do wonder what would happen. It seems clear that markets could not function if such an oracle with cash is introduced, but precisely what point that would happen is an interesting question. How much you could siphon out of the market before enough big investors lose enough to notice, and secondly what would actually happen: would there be a way to have functioning capital markets? I suspect the potential damage to the economy from less trust in markets would be large enough that the regulators would find some way to ban them from trading, but not quite sure.
DeuCan ยท 1 points ยท Posted at 01:14:53 on June 23, 2016 ยท (Permalink)
That's why we have dark pools. You could probably hide billion dollar trades without too much effort.
I think the real issue would be your price impact. With every trade you make, you drive the price in a direction that is undesirable for you. Prices go down while you try to offload and up while you try to buy.
itisike ยท 1 points ยท Posted at 01:41:20 on June 23, 2016 ยท (Permalink)
I doubt this. Dark pools still need market makers or have low liqutidy: if there's a market maker they won't want to trade such large quantities in a single trade.
Also the money you're making comes from someone, there's only so much other people can lose in a strange way before they get suspicious.
I agree price impact matters, but I think the overall price impact of people noticing a super good trader will outweigh that.
Note that dark pools don't seem to be used by insider traders to hide their trades, and the same reason will make it harder for our investor to execute.
MrBrian1987 ยท 1 points ยท Posted at 23:55:50 on June 22, 2016 ยท (Permalink)
Those are pretty big technicalities, actually. Particularly that you won't ever be able to buy/sell such large quantities just because you want to.
p00facemcgee ยท 1 points ยท Posted at 01:19:06 on June 23, 2016 ยท (Permalink)
Yeah, I've definitely thought about this in the abstract sense.
Starting out small, you could make a lot of money and get away with it.
As you started getting into the millions, it would be very hard to escape fame and all the complications that came from it.
After you own a significant portion of the stock market, say a trillion, what happens then? You'd have an unprecedented amount of power. Could you become rich enough to be more powerful than all the world's leaders? Would having that amount of money and power make you an evil tyrant? I think I'm a good person too, but power corrupts everyone.
Do you corrupt the whole market because you win at everyone else's expense? You're basically taking property away from people, one bad trade at a time. You're buying low, but everyone else is selling low.
TheHeroicOnion ยท 8 points ยท Posted at 21:38:22 on June 22, 2016 ยท (Permalink)
Life is hard why can't I tell the future?
JackAceHole ยท 26 points ยท Posted at 21:58:30 on June 22, 2016 ยท (Permalink)
That sounds impossible. NYSE has 2800 stock tickers to choose from. NASDAQ has 3100. Every day, you have 1 correct and 5899 incorrect decisions to make. And you want me to make the best decision 496 days in a row?
You're better off betting a number straight up in Roulette. You have a 1/37 chance of hitting it (with a single zero wheel). And when you hit, you'll get paid 35 to 1.
Uhura_Sits_Backwards ยท 50 points ยท Posted at 22:16:25 on June 22, 2016 ยท (Permalink)
Not only is it impossible but it is IMPOSSIBLE. Once you got to $XXXmillions you'd find that in order to buy a stock, you'd have to purchase all of the outstanding shares. Even if you didn't, an order that large would have a severe impact on the price of the stock when you tried to sell it. Supply and demand = trying to dump hundreds of millions in stock in one day (and the day after and the day after) would cause the prices to crash. Then you have to worry about all those people who know what stock you bought and will be waiting to buy it up at bargain prices when it crashes...day after day. You'd end up worth zero.
pryoslice ยท 9 points ยท Posted at 22:52:27 on June 22, 2016 ยท (Permalink)
Options overcome this problem to some extent
eban44 ยท 7 points ยท Posted at 23:31:14 on June 22, 2016 ยท (Permalink)
Not really, there still has to be buyers or sellers of the options contracts, just like the stock.
garblegarble12342 ยท 1 points ยท Posted at 00:19:51 on June 23, 2016 ยท (Permalink)
You would need to buy a lot less though. To get the same $ gain.
Uhura_Sits_Backwards ยท 1 points ยท Posted at 20:43:14 on June 23, 2016 ยท (Permalink)
True - but eventually you'll reach a portfolio value in the trabillions and then YOU become the market and you are betting against every move you make. At what point this happens would actually be an interesting problem to calculate.
[deleted] ยท 6 points ยท Posted at 23:18:42 on June 22, 2016 ยท (Permalink)
[deleted]
blippyz ยท 1 points ยท Posted at 02:27:39 on June 23, 2016 ยท (Permalink)
Could you use that idea to "cheat"? Like if the price is $8, put a sell order asking for $12, and then put a massive buy order for a price too low to ever actually get filled, so people see someone trying to buy so much and then start buying it themselves, pushing up the price so you can sell yours at 12 instead of 8?
The extent of my stock trading experience is an android app with fake trades that I used for 2 days so this might be a pretty noob-like question but I'm just curious. Or does it only affect things when the orders actually get filled?
wlphoenix ยท 2 points ยท Posted at 04:24:54 on June 23, 2016 ยท (Permalink)
Pretty sure that would get the SEC all over you for market manipulation.
Yankeedude252 ยท 1 points ยท Posted at 06:32:06 on June 23, 2016 ยท (Permalink)
They have rules? No fun.
Uhura_Sits_Backwards ยท 1 points ยท Posted at 20:36:29 on June 23, 2016 ยท (Permalink)
Yup. Even a large order (>$200k) on a medium sized company will cause a blip in the share price. It's pretty interesting seeing how sensitive a particular company's stock is to that kind of move.
patrickmurphyphoto ยท 2 points ยท Posted at 22:39:44 on June 22, 2016 ยท (Permalink)
When you start to have more money to play with diversify your investments?
Uhura_Sits_Backwards ยท 1 points ยท Posted at 20:40:35 on June 23, 2016 ยท (Permalink)
The premise of the post I was referring to was "In 2014 (starting with $1000) if you picked the right stock ever day for the 248 working days the S&P 500 operated, you would be worth billions. ...." and my reply stated that the one-stock-a-day was not plausible. Yes - diversify! My recommendation is that yo turn over your million $ to one of the top ten trust companies in the US. They have all been around a long time for a reason. They are good at what they do.
[deleted] ยท 5 points ยท Posted at 23:37:34 on June 22, 2016 ยท (Permalink)
Wouldn't that assume that 5898 stocks went down and only 1 went up. Or are you looking at making the BEST possible trade each time?
Because it's much more plausible to make a suboptimal, but still beneficial decision.
JackAceHole ยท 3 points ยท Posted at 23:50:31 on June 22, 2016 ยท (Permalink)*
OP was talking about making 179 billion dollars in one year with a starting balance of $1000 which was done by picking the best performing stock of the day. He also implied (tongue in cheek) that it would be easy.
Sure, you can sub optimally profit... If you did as well as the S and P 500, you'd only end up with $1117 (they had a 11.7% gain in 2014). That's not quite the $1M that the original shower thought was wishing for (especially since he wanted to make it in one day).
the_salubrious_one ยท 1 points ยท Posted at 01:31:26 on June 23, 2016 ยท (Permalink)
If you simply want to become a millionaire like OP, it doesn't have to be #1 best performing stock of the day. I don't have the data, but it's plausible that you only have to pick one of the top 5% for the day. Still hard, though.
Blue2501 ยท 1 points ยท Posted at 04:12:32 on June 23, 2016 ยท (Permalink)
Roulette, the most obviously rigged game in the casino, yet the only one where I've left the table with more money than when I sat down
megablast ยท 0 points ยท Posted at 06:41:50 on June 23, 2016 ยท (Permalink)
Not really. If you get the 2nd best one, you still do pretty good. All the ones that go up are good.
aetherlung ยท 15 points ยท Posted at 20:51:50 on June 22, 2016 ยท (Permalink)
I might be off (relatively new to investing), but I think that would get you flagged as a pattern day trader within the first week or so, and pattern day traders are required by law to maintain a balance of tens of thousands of dollars.
Scavenger53 ยท 18 points ยท Posted at 20:57:36 on June 22, 2016 ยท (Permalink)
$25,000 and you don't get money from the profit until 3 days later, so this won't work. If you try to use the money before it is in the account you get a good faith violation. Some brokers let you have 3 of those before closing the account.
[deleted] ยท 14 points ยท Posted at 21:33:17 on June 22, 2016 ยท (Permalink)
If you have $25,000 coming in 3 days then you can probably find an investor willing to cover some of your bets for the following day. And then 3 days from then you have even more money promised to you in 3 days, so you can find more investors to cover your bets for the next day.
isrly_eder ยท 17 points ยท Posted at 23:00:04 on June 22, 2016 ยท (Permalink)
today we discovered the concept of leverage
MerlinTheWhite ยท 1 points ยท Posted at 03:52:42 on June 23, 2016 ยท (Permalink)
I wish I better understood how all this works. Ive got like 10k just sitting in my savings account. Whats a good "Crash Course"?
Z0di ยท 4 points ยท Posted at 22:47:31 on June 22, 2016 ยท (Permalink)
sounds like a massive hassle just to make a few mil.
pls send money
[deleted] ยท 11 points ยท Posted at 21:38:05 on June 22, 2016 ยท (Permalink)*
[deleted]
soulblade22 ยท 4 points ยท Posted at 23:00:51 on June 22, 2016 ยท (Permalink)
Sounds like a man on his way to his yacht.
aetherlung ยท 2 points ยท Posted at 21:19:37 on June 22, 2016 ยท (Permalink)
So you'd have to spread out your orders about three days apart in order to pull it off without dumping $25k into your account? That would make things more interesting, but I imagine you'd still make a killing if you made the correct moves.
TheResPublica ยท 15 points ยท Posted at 21:30:20 on June 22, 2016 ยท (Permalink)
But I was promised $179 billion for doing this... it's that or nothing for me.
IsThatDWade ยท 1 points ยท Posted at 22:39:45 on June 22, 2016 ยท (Permalink)
I don't get out of bed for less than $180 billion. Pffft $179 billion might as well be minimum wage.
GanjaBus ยท 1 points ยท Posted at 22:12:27 on June 22, 2016 ยท (Permalink)
In cool with like $50.
Shortsinthecold ยท 1 points ยท Posted at 22:54:21 on June 22, 2016 ยท (Permalink)
How much for just reading this?
Rossbossoverdrive ยท 1 points ยท Posted at 22:58:02 on June 22, 2016 ยท (Permalink)
Since reading is a basic task I'd charge you $7.25 an hour for it. It might have taken you about 1.5 seconds to read that comment, so you get $0.003. Keep up the good work.
PicardZhu ยท 1 points ยท Posted at 01:56:53 on June 23, 2016 ยท (Permalink)
What does this mean? I've been trading stock daily now and made an okay amount of cash. I just started.
Barbie_and_KenM ยท 1 points ยท Posted at 06:02:48 on June 23, 2016 ยท (Permalink)
PDT is only implicated if you have less than 25k in your account and you are trading the same stock more than 3+ times in a week. In this scenario it's unlikely the highest performing stock of each day would be the same, so you would probably never trade the same stock enough to get flagged anyway.
EndTheBS ยท 1 points ยท Posted at 07:48:44 on June 23, 2016 ยท (Permalink)
It's not pattern day trading if you don't buy and sell the same stock in the same day. So if I bought $SUNE on Monday and sold it on Tuesday, I'd be fine with buying another stock on Tuesday and selling it Wednesday.
I just can't buy in the morning and sell before close for the same stock.
mfairview ยท 2 points ยท Posted at 22:18:40 on June 22, 2016 ยท (Permalink)
Guessing you could achieve this in a fraction of the time if u played options.
doublethump ยท 2 points ยท Posted at 22:43:15 on June 22, 2016 ยท (Permalink)
Easy, if it's 50-50 then that's just 1 in 250. One in 1.13 quadrillion, ez
DARKTHRONE666 ยท 3 points ยท Posted at 22:44:21 on June 22, 2016 ยท (Permalink)
Restate my assumptions: One, Mathematics is the language of nature. Two, Everything around us can be represented and understood through numbers. Three: If you graph the numbers of any system, patterns emerge. Therefore, there are patterns everywhere in nature. Evidence: The cycling of disease epidemics;the wax and wane of caribou populations; sun spot cycles; the rise and fall of the Nile. So, what about the stock market? The universe of numbers that represents the global economy. Millions of hands at work, billions of minds. A vast network, screaming with life. An organism. A natural organism. My hypothesis: Within the stock market, there is a pattern as well... Right in front of me... hiding behind the numbers. Always has been.
Sawses ยท 3 points ยท Posted at 22:05:25 on June 22, 2016 ยท (Permalink)
If I had a time machine, I'd so use it to become a day trader for about a year. After I went and killed Hitler, made Trump lose his fortune back in 1990, and bought a few science textbooks from AD 2300.
chasesan ยท 3 points ยท Posted at 22:34:02 on June 22, 2016 ยท (Permalink)
I would probably leave history significantly before my current time (more then a year or so) alone due to the butterfly effect. So no stopping 9/11 and no killing Hitler, but plenty of work still to be done. Depending on the nature of the time machine, a lot of work.
Z0di ยท 1 points ยท Posted at 22:48:41 on June 22, 2016 ยท (Permalink)
You're boring. What if you could stop one event in time from happening, but it would erase your existence, however the change would be permanent. Would you change something, and what would it be?
chasesan ยท 1 points ยท Posted at 23:19:39 on June 22, 2016 ยท (Permalink)
Big Bang probably, take everyone with me. ;)
Sawses ยท 1 points ยท Posted at 22:56:17 on June 22, 2016 ยท (Permalink)
Haha, honestly I wouldn't do much in the past beyond site-seeing The future, though? Well, I might move there permanently, if it's to my liking.
[deleted] ยท 6 points ยท Posted at 22:26:34 on June 22, 2016 ยท (Permalink)
[deleted]
Sawses ยท 1 points ยท Posted at 22:32:13 on June 22, 2016 ยท (Permalink)
Damn right. And what adventures they'd be!
g2f1g6n1 ยท -1 points ยท Posted at 22:47:58 on June 22, 2016 ยท (Permalink)
What kind of insult is that?
[deleted] ยท -2 points ยท Posted at 22:53:38 on June 22, 2016 ยท (Permalink)
[deleted]
g2f1g6n1 ยท -3 points ยท Posted at 22:55:17 on June 22, 2016 ยท (Permalink)
Debatable
Tellesu ยท 1 points ยท Posted at 23:17:56 on June 22, 2016 ยท (Permalink)
I'd go see Queen live. Probably film it in 4k too.
Jebjeba ยท 1 points ยท Posted at 22:43:24 on June 22, 2016 ยท (Permalink)
Trump has lost his fortune several times. He keeps coming back. He is a Fucking champion
Sawses ยท 2 points ยท Posted at 22:58:29 on June 22, 2016 ยท (Permalink)
Given enough do-overs, I'm sure I could make it permanent. Or just make sure his mother marries someone else.
audiosemipro ยท 2 points ยท Posted at 23:13:56 on June 22, 2016 ยท (Permalink)
He's like the herpes of the business world. You think he's gone for good and then bam, covering your junk on your third date with your crush.
Mr_Mujeriego ยท 1 points ยท Posted at 21:54:32 on June 22, 2016 ยท (Permalink)
But how are you selling it? Would this scenario mean you sell all shares at the same price or all at market price individually?
crew45 ยท 1 points ยท Posted at 22:01:40 on June 22, 2016 ยท (Permalink)
Futures are so leveraged that you could get to a billion from 2000 in like 50 theoretical perfect trades
Dubsland12 ยท 1 points ยท Posted at 22:06:43 on June 22, 2016 ยท (Permalink)
What does this mean? How much does the stock have to go up each day? Double, the avg or mean of the highest returning stock for the year? A little short on the details.
EWSTW ยท 1 points ยท Posted at 22:10:13 on June 22, 2016 ยท (Permalink)
What defines a correct pick?
AlphaWhelp ยท 1 points ยท Posted at 22:11:05 on June 22, 2016 ยท (Permalink)
Can we get a little help from Monty Hall?
frankenmint ยท 1 points ยท Posted at 22:17:57 on June 22, 2016 ยท (Permalink)
all about odds - that's probably smaller than 1 in a billion...or if you know what to pick then you're already likely handsomely paid by your employers
BlueShift42 ยท 1 points ยท Posted at 22:19:10 on June 22, 2016 ยท (Permalink)
Awesome. So now all I have to do is invent and build a time machine. Sure fire win.
[deleted] ยท 1 points ยท Posted at 22:40:13 on June 22, 2016 ยท (Permalink)
Except the world is a chaotic system, and your travelling back in time would create small changes in the world which would quickly propagate and, after a few days (I'm not sure how long), you'd eventually change the past enough that you'd no longer know what the future would be. You'd have to quit early, and if you waited too long, you'd lose everything.
BlueShift42 ยท 1 points ยท Posted at 00:23:59 on June 23, 2016 ยท (Permalink)
Got it. I'll start off with a huge lottery win and invest in some major companies like Apple which I'm less likely to effect. I'll cash out after my first billion or so and keep s hundred mil in reserves just incase. Now, just need to figure the whole time machine thing out...
LiquidAsylum ยท 1 points ยท Posted at 22:31:37 on June 22, 2016 ยท (Permalink)
What's the chance of this vs chance of winning the lotto?
[deleted] ยท 3 points ยท Posted at 22:42:03 on June 22, 2016 ยท (Permalink)
You have a way higher chance of winning the lottery. The chance of picking the correct stocks 500 times in a row is unimaginably low. You'd have a much better chance of winning the lottery billions of times in a row.
LiquidAsylum ยท 2 points ยท Posted at 22:52:19 on June 22, 2016 ยท (Permalink)
Yeah I wasn't taking when I replied. My question made no sense in retrospect.
Kyanpe ยท 1 points ยท Posted at 22:50:14 on June 22, 2016 ยท (Permalink)
But what's the probability of getting 500 correct picks? Basically 0.
CRACK_HEAD_JIMBO ยท 1 points ยท Posted at 22:56:56 on June 22, 2016 ยท (Permalink)
On day like 4 the SEC would like to have a nice chat with you
rondeline ยท 1 points ยท Posted at 23:00:10 on June 22, 2016 ยท (Permalink)
I know a ton of stock picks you shouldn't do. Anyone want to trade notes?
Anthro_Fascist ยท 1 points ยท Posted at 23:05:51 on June 22, 2016 ยท (Permalink)
So, like Limitless?
Jackredd123 ยท 1 points ยท Posted at 23:06:33 on June 22, 2016 ยท (Permalink)
If you've ever read the book The Sirens of Titan by Kurt Vonnegut, the main character's grandfather essentially does this. He selects stocks by pretty much random order and ends up becoming the richest man the world has ever seen.
rawker86 ยท 1 points ยท Posted at 23:07:18 on June 22, 2016 ยท (Permalink)
we tried to do something similar one year with online gambling. start with $100, bet on a single game with odds of about $1-$1.20, roll winnings into next bet, repeat.
one guy bet on soccer and blew his money in the first week, i think i made it to about $200 before i lost. in theory you can get quite rich, we had the Excel graphs to prove it...
ButtGardener ยท 1 points ยท Posted at 23:14:23 on June 22, 2016 ยท (Permalink)
Don't do this. I tried it. I lost alot of money.
Rip r/wallstreetbets
604WORLDWIDE ยท 1 points ยท Posted at 23:17:22 on June 22, 2016 ยท (Permalink)
Go to a casino and only play 50/50 bets like red/black, even/odd on roulette. Or banker/player bets on baccarat. Even with only 2 options you will quickly see why this plan sounds much easier then it really is. Now think about picking the winner out of hundreds or more options. Even with only 2 options like the bets mentioned above its extremely hard to pick the right side more then half the time!
Beardcoaster ยท 1 points ยท Posted at 23:20:14 on June 22, 2016 ยท (Permalink)
worth the read!
Timedoutsob ยท 1 points ยท Posted at 23:22:58 on June 22, 2016 ยท (Permalink)
Someone do the maths on this please.
I'm sure the odds on doing this are astronomically high against it.
namedan ยท 1 points ยท Posted at 23:28:34 on June 22, 2016 ยท (Permalink)
Alrighty then off to find $1,000 in cash that I don't owe and I don't need.
ilikemonkeys ยท 1 points ยท Posted at 23:33:50 on June 22, 2016 ยท (Permalink)
This fact is proof that time travel does not exist.
AALen ยท 1 points ยท Posted at 23:35:37 on June 22, 2016 ยท (Permalink)
You obviously haven't ever done a 10-team parlay :P
Oh_THAT_Guy_GMD ยท 1 points ยท Posted at 23:38:22 on June 22, 2016 ยท (Permalink)
1/500500? Yeah, I'll just try the lottery.
Chronic-lesOfGnaRnia ยท 1 points ยท Posted at 23:50:51 on June 22, 2016 ยท (Permalink)
That gave me anxiety just reading it. Lol!
Speaking-of-segues ยท 1 points ยท Posted at 23:52:00 on June 22, 2016 ยท (Permalink)
Awesome. Now how does one go about getting this $1000 you speak of?
XYZTENTiAL ยท 1 points ยท Posted at 00:01:35 on June 23, 2016 ยท (Permalink)
All I need is some NZT
fpsmoto ยท 1 points ยท Posted at 00:10:14 on June 23, 2016 ยท (Permalink)
I'd do this, double my money, take out my initial investment, then play with the rest of it in the market till I'm a millionaire. Not a new idea, I'm sure, but what do you have to lose at that point?
BlinksTale ยท 1 points ยท Posted at 00:15:33 on June 23, 2016 ยท (Permalink)
(Available options)500 = way too many permutations
AcapellaMan ยท 1 points ยท Posted at 00:25:26 on June 23, 2016 ยท (Permalink)
Are you including transaction fees, because that would definitely eat at your profits. And are you saying you would have to pick the top performing stock everyday
Nelson_Bighetti ยท 1 points ยท Posted at 00:28:47 on June 23, 2016 ยท (Permalink)
By the time you had a couple million, possibly less, your purchases would cause the price of even something like AAPL to move, and they would start taking more and more time to execute. Furthermore, even the highest dollar-volume stocks only trade a couple tens of billions of dollars worth per day, so to try to put say $50 billion in one stock would take more than a day to accomplish. Also the percentage gain listed is close price to close price, so any difference between close one day to open the next (which is often the case for big movers) would be a part of that gain that you missed out on.
TL; DR - This is not even theoretically possible.
mrsunshine1 ยท 1 points ยท Posted at 00:32:48 on June 23, 2016 ยท (Permalink)
No. You'd be arrested.
zeusdescartes ยท 1 points ยท Posted at 00:36:24 on June 23, 2016 ยท (Permalink)
I'm going to try to do this. I have $1,000 to burn.
joshu ยท 1 points ยท Posted at 00:46:04 on June 23, 2016 ยท (Permalink)
eventually the dollar size being traded each day would move the stock more than the market did. so no, this wouldn't work either.
VERYstuck ยท 1 points ยท Posted at 00:47:49 on June 23, 2016 ยท (Permalink)
The capital gains tax on that profit would be a bitch.
BabyDuckKiller ยท 1 points ยท Posted at 00:48:04 on June 23, 2016 ยท (Permalink)
But what would you pay in fees?
monkGD ยท 1 points ยท Posted at 00:53:44 on June 23, 2016 ยท (Permalink)
What was the name of that cat from John Oliver?
djmushroom ยท 1 points ยท Posted at 00:54:17 on June 23, 2016 ยท (Permalink)
Not to be technical here, but once your investment is worth more than 10% of the company's entire value, it's not easy to sell your stocks the next day. There will be simply no so many buyers. And if you had that much to sell, the stock price would go down while you are still selling them. You'll make much less than you expected.
Thoreau80 ยท 1 points ยท Posted at 00:58:26 on June 23, 2016 ยท (Permalink)
500 picks doesn't sound hard?
How many numbers do you have to pick to win the Powerball?
Nik_Tesla ยท 1 points ยท Posted at 00:59:52 on June 23, 2016 ยท (Permalink)
brb, going to take a drive in my DeLorean, don't mind me.
thagthebarbarian ยท 1 points ยท Posted at 01:02:20 on June 23, 2016 ยท (Permalink)
You could make a lot more by trading options instead of actual stock if you're talking about making an impossible string of of correct moves
aarontsuru ยท 1 points ยท Posted at 01:07:50 on June 23, 2016 ยท (Permalink)
curious what that number would look like if you picked like the 20th best performing stock each day.
sectandmew ยท 1 points ยท Posted at 01:09:02 on June 23, 2016 ยท (Permalink)
That's a 1/(2500) possibility. Yeah, I do think it's hard
[deleted] ยท 1 points ยท Posted at 01:10:53 on June 23, 2016 ยท (Permalink)
Seeing as I struggle to consistently do two correct life choices in a row I find 500 quite intimidating.
GenTiradentes ยท 1 points ยท Posted at 01:17:47 on June 23, 2016 ยท (Permalink)
Anybody who knows combinatorial math and statistics knows that what you're proposing is a lot less feasible than it sounds.
But then a lot of people do play the lottery...
TheRabidDeer ยท 1 points ยท Posted at 01:27:51 on June 23, 2016 ยท (Permalink)
I can't even correctly pick a single number in the lottery once, what makes you think I could do it 500 times in a row with far more options?
mindfrom1215 ยท 1 points ยท Posted at 01:28:08 on June 23, 2016 ยท (Permalink)
Give him gold and be in awe.
[deleted] ยท 1 points ยท Posted at 01:34:14 on June 23, 2016 ยท (Permalink)
That assumes you don't have any effect on the system you're working within.
That sort of shift in capital to one person would throw the markets for a fit.
brwbck ยท 1 points ยท Posted at 01:43:49 on June 23, 2016 ยท (Permalink)
This isn't actually possible because the stock market doesn't have the volume to support it.
At some point, the size of your trades will be on the order of the market cap of entire companies. You're not just trading stocks at that point, you're buying and selling companies, wholesale.
It's nothing but fantasy.
[deleted] ยท 1 points ยท Posted at 01:44:38 on June 23, 2016 ยท (Permalink)
More probable than winning mega millions probably.
Manumitany ยท 1 points ยท Posted at 01:52:02 on June 23, 2016 ยท (Permalink)
Eventually the volume of cash you'd be slinging around would put a dent in your growth rate. As would the reporting requirements when you're buying more than a certain percentage of a company.
[deleted] ยท 1 points ยท Posted at 01:58:21 on June 23, 2016 ยท (Permalink)
what is really fuckin ardj the is how will you spend your countlesss dollars! wj=at the fyck wiil you do being the richest รชrson on the planert@ ricj peaple, waht are they doing? heinz?
slickricflair ยท 1 points ยท Posted at 02:00:20 on June 23, 2016 ยท (Permalink)
That doesn't work even if you can see the future. You can maybe get to $10 million but with that amount, every trade that you make will influence the stock price by so much that you are not going to be able to profit. Every time you put in a buy order of 100,00 shares (if the stock is $100 per share), you will move the strike price higher. Every time you put in a sell order, you will move it lower. The more shares you want to buy or sell, the worse it gets. Long before you reach $1 billion, everyone else in the market will be profiting off of your trades.
I suppose you can do options....but with trades like that, you will definitely get a visit by the SEC.
frmango1 ยท 1 points ยท Posted at 02:05:43 on June 23, 2016 ยท (Permalink)
Huh. Interesting.
wellmaybe ยท 1 points ยท Posted at 02:17:09 on June 23, 2016 ยท (Permalink)
But if you did that, you would have affected the outcome of the stock market.
For all we know, you could have crashed the market and driven the world into absolute poverty.
rcbs ยท 1 points ยท Posted at 02:26:14 on June 23, 2016 ยท (Permalink)
Once you were worth more than a few million, wouldn't the buying anb selling affect the market significantly?
kolorful ยท 1 points ยท Posted at 02:28:40 on June 23, 2016 ยท (Permalink)
Where did I keep the f..king time machine...
wanderer779 ยท 1 points ยท Posted at 02:30:28 on June 23, 2016 ยท (Permalink)
This is assuming you can get enough liquidity to put your whole net worth in one stock on one day, which isn't feasible for ultra rich people. For example the last day you are putting $157 B in chesapeake energy which is like 50 times the total valuation of the company, and that's not taking into account the insider holdings which were pretty significant on this one IIRC. The requirement of being clairvoyant is another stumbling block.
By the way, if some genius out there did pull this off you may want to consider lightening up on CHK if you haven't yet. Since that last trade the government started an investigation into the CEO for antitrust practices and the CEO ended up committing suicide over it, or at least that's what it looked like. Also a lot of people are saying CHK might go bankrupt.
meerian ยท 1 points ยท Posted at 02:32:45 on June 23, 2016 ยท (Permalink)
That can't be right. You'd end up pumping the stock price with your buy orders once you started getting a lot of money.
choochootrain2 ยท 1 points ยท Posted at 02:47:06 on June 23, 2016 ยท (Permalink)
Is there data to look for the best performing stock every minute?
WhatTheF_scottFitz ยท 1 points ยท Posted at 02:49:14 on June 23, 2016 ยท (Permalink)
I'm surprised there's not many people mentioning options. If you knew a random company would be bought the next day for a 50% premium and stock goes up 30-50% you could probably hit a million profit with a $10K bet.
Nikotiiniko ยท 1 points ยท Posted at 02:53:32 on June 23, 2016 ยท (Permalink)
Stocks, of course! I always think of lottery with time travel but it would get way too obvious at some point. You'd get banned etc. Stocks however are free to "win" at pretty much infinitely.
[deleted] ยท 1 points ยท Posted at 03:01:12 on June 23, 2016 ยท (Permalink)
I often think this about women too.
True there are some who simply arent physically attracted, but there are many more who would let me in their pants if I gave the right body language and said the right things at the right time
Isoprenoid ยท 1 points ยท Posted at 03:11:30 on June 23, 2016 ยท (Permalink)
That calculation doesn't include brokerage fees though, or any other fees.
wtfduud ยท 1 points ยท Posted at 03:18:33 on June 23, 2016 ยท (Permalink)
However you would also come under suspicion for coincidentally picking the right stock so often, and likely lose all that money.
jones6969 ยท 1 points ยท Posted at 03:18:39 on June 23, 2016 ยท (Permalink)
Consider the NCAA brackets. To get them all right, it's 63 picks (I'm not counting the play-in games). And how many people do that? 500 correct picks in a row is astronomical odds.
kboy101222 ยท 1 points ยท Posted at 03:30:17 on June 23, 2016 ยท (Permalink)
For anyone curious, that's a 1 in 305493636349960468205197939321361769978940274057232666389361390928129162652472045770185723510801522825687515269359046715531785342780428396973513311420091788963072442053377285222203558881953188370081650866793017948791366338993705251636497892270212003524508209121908744820211960149463721109340307985507678283651836204093399373959982767701148986816406250000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 (aka 500500) chance of winning
Or, it can also be a 1 in 3.0549363634996046820519793932136176997894027405723266638936139092812916265247204577018572351080152282568751526935904671553178534278042839697351331142009178896307244205337728522220355888195318837008165086679301794879136633899370525163649789227021200352450820912190874482021196014946372110934030798550767828365183620409339937395998276770114898681640625 ร 101349 chance of winning (thats 30549363634996046820519793932136176997894027405723266638936139092812916265247204577018572351080152282568751526935904671553178534278042839697351331142009178896307244205337728522220355888195318837008165086679301794879136633899370525163649789227021200352450820912190874482021196014946372110934030798550767828365183620409339937395998276770114898681640625 followed by a metric fuckton of zeros)
[deleted] ยท 1 points ยท Posted at 03:31:01 on June 23, 2016 ยท (Permalink)
does that take fees into account and taxes?
lone_wanderer101 ยท 1 points ยท Posted at 03:46:09 on June 23, 2016 ยท (Permalink)
time to invent a time machine
sudojay ยท 1 points ยท Posted at 03:47:03 on June 23, 2016 ยท (Permalink)
I know they made it harder to short stocks, but I wonder if anyone has done the work to see if you'd be able to make more picking the biggest losers.
CH117 ยท 1 points ยท Posted at 03:48:17 on June 23, 2016 ยท (Permalink)
Same thing id say if u picked like 10 horse winners in a row
datanaut ยท 1 points ยท Posted at 04:08:36 on June 23, 2016 ยท (Permalink)*
If you could magically predict extremely low probability price events, you could buy the correspondly extremely cheap stock options that pay out if the event occurs. With some optimal sequence of option trades, you should be able to turn $1 into billions in far less than a year and far fewer than 500 trades. It seems reasonable that there is at least one 10x return option trade possible per day, and that is being pretty conservative. If so, after 11 days and 11 trades you could turn $1 into $100,000,000,000 and be the richest person alive. Of course this is completely ignoring the effect your buy orders would have on the market.
moveovernow ยท 1 points ยท Posted at 04:17:50 on June 23, 2016 ยท (Permalink)*
That's almost silly in complication. Here's four moves to become a multi-billionaire from $10,000.
$10,000 into First Solar when it IPO'd in Nov 2006, near $25 or so, sell near the highs of course ($250 / share, Dec 2007 would be fine, before the market crash). Now you have $100,000. Do not pay taxes on it yet, we're rolling this forward soon.
$100,000 into Bear Stearns puts in Dec 2007 when it was in the $90s right before the big banking crash. It collapsed to $2 in March 2008. Those puts would have been worth 100+ times your investment even if you had chosen semi-conservative puts. Now you have $10 million. Do not pay taxes on it yet.
Roll your $10 million into a put against Citi, its puts were extremely cheap at this point. Nobody seriously thought a monster like Citi could go bankrupt. Citi was $27 / share in April 2008, even after the Bear Stearns crash. By March 2009, Citi collapsed to $0.97 per share. That put is now worth, even assuming a conservative approach, about $300 million.
Now pay taxes on your $300 million so the IRS doesn't eat you. Assume they get half for convenience.
Roll your $150 million into Las Vegas Sands at $1.38 in March 2009.
Sell at $87 in March 2014.
Congratulations, you made four moves, and now have ~$9.5 billion. Pay your long-term capital gains taxes and enjoy.
latenightnerd ยท 1 points ยท Posted at 04:33:32 on June 23, 2016 ยท (Permalink)
You have better odds at the roulette table.
[deleted] ยท 1 points ยท Posted at 05:52:39 on June 23, 2016 ยท (Permalink)
Nah. It sounds difficult enough to me.
ZombieNinja0143 ยท 1 points ยท Posted at 05:53:40 on June 23, 2016 ยท (Permalink)
Once you gained a significant amount of money wouldn't the price of the stock your buying and selling be affected? I mean if someone sold a billion dollars worth stock the price of said stock would plummet, right?
fencerman ยท 1047 points ยท Posted at 20:43:35 on June 22, 2016 ยท (Permalink)
Buy a winning lottery ticket.
Use every dollar from that winning lottery ticket to buy more winning lottery tickets.
clark6050 ยท 76 points ยท Posted at 22:30:31 on June 22, 2016 ยท (Permalink)
https://www.youtube.com/watch?v=wTLtToTGXrk
ZedsVeryMuchAlive_bb ยท 4 points ยท Posted at 02:58:44 on June 23, 2016 ยท (Permalink)
Great, now you got me on a WKUK marathon.
PhilopeanTube ยท 1 points ยท Posted at 03:20:15 on June 23, 2016 ยท (Permalink)
There are worse things to do with your time.
clark6050 ยท 1 points ยท Posted at 04:13:24 on June 23, 2016 ยท (Permalink)
Ohh Noo
Elronnd ยท 318 points ยท Posted at 21:52:33 on June 22, 2016 ยท (Permalink)
You forgot
3) ???
4) Profit!
JackAceHole ยท 87 points ยท Posted at 22:03:58 on June 22, 2016 ยท (Permalink)*
But steps 1 and 2 already have profit built in...
KarmaKel ยท 327 points ยท Posted at 22:20:05 on June 22, 2016 ยท (Permalink)
You can't profit until you ???
HonoraryMancunian ยท 99 points ยท Posted at 22:36:04 on June 22, 2016 ยท (Permalink)
Check out this guy, not knowing how to profit.
santaynot ยท 26 points ยท Posted at 23:51:56 on June 22, 2016 ยท (Permalink)
A poor profit prophet.
79mgb ยท 1 points ยท Posted at 02:02:49 on June 23, 2016 ยท (Permalink)
I saw that one coming.
edrudathec ยท 1 points ยท Posted at 03:22:23 on June 23, 2016 ยท (Permalink)
did you see any winning lottery tickets coming?
kangarool ยท 4 points ยท Posted at 23:58:10 on June 22, 2016 ยท (Permalink)
He knows exactly how to profit. It's in Step 3.
DjTooDank ยท 2 points ยท Posted at 23:16:28 on June 22, 2016 ยท (Permalink)
Its true though. With out the
???
There is no profit
Citizen51 ยท 1 points ยท Posted at 00:30:36 on June 23, 2016 ยท (Permalink)
He knows exactly how to profit
BaKdGoOdZ0203 ยท 1 points ยท Posted at 11:30:49 on June 23, 2016 ยท (Permalink)
Some combination of not being ugly, not being poor, and not giving a shit who you step on to get profit.....?
PCup ยท 2 points ยท Posted at 01:50:33 on June 23, 2016 ยท (Permalink)
How can you have any pudding if you don't ???
pmmecodeproblems ยท 1 points ยท Posted at 22:51:08 on June 22, 2016 ยท (Permalink)
Technically step 1 has profit built into it. Gotta have money to make money.
Infinite loop until you are homeless and someone gives you a dollar. All these rich guys always say "I started with this one dollar bill." In which some how they didn't spend to make their fortune.
hck1206a9102 ยท 1 points ยท Posted at 23:04:50 on June 22, 2016 ยท (Permalink)
Actually step two only had expenses...
EndsAbrupt ยท 1 points ยท Posted at 03:00:23 on June 23, 2016 ยท (Permalink)
manjot97 ยท 0 points ยท Posted at 22:15:00 on June 22, 2016 ยท (Permalink)
Whoosh
IIlIIlIIIIlllIlIlII ยท 1 points ยท Posted at 05:57:49 on June 23, 2016 ยท (Permalink)
I think it's time to let that meme go.
japasthebass ยท 1 points ยท Posted at 06:27:53 on June 23, 2016 ยท (Permalink)
Say what you want about it but this joke has survived over 10 years now and I have no idea how
Brookefemale ยท 0 points ยท Posted at 01:05:15 on June 23, 2016 ยท (Permalink)
Steal underpants!!!
krys2lcer ยท 3 points ยท Posted at 22:40:06 on June 22, 2016 ยท (Permalink)
I Would be lucky if every dollar from that winning lotto ticket is a dollar.
beldaran1224 ยท 2 points ยท Posted at 23:00:14 on June 22, 2016 ยท (Permalink)
If you win a jackpot, you're already a multimillionaire. It would be stupid to waste it on more.
Deadmeet9 ยท 2 points ยท Posted at 03:10:04 on June 23, 2016 ยท (Permalink)
But you could become a multi-billionaire!
Gsanta1 ยท 2 points ยท Posted at 23:57:52 on June 22, 2016 ยท (Permalink)
Yeah, but then the next day you spend it all and you're broke again
[deleted] ยท 2 points ยท Posted at 00:58:24 on June 23, 2016 ยท (Permalink)
I was thinking that or robbing a bank. In one day is important. I've won the lottery and I had to drive a few hours, register, fill out a form, and set up a bank account at a bank that was approved by the lottery. It's not quite a one day process, especially in the millions. That amount of money takes lawyers and accountants and all sorts of help.
Robbing a bank gets you instant cash. So, if you pulled an oceans 11 in one day, all the right choices, you could walk away with a few million. Would you get caught the next day? Maybe.
RouseHouse1013 ยท 1 points ยท Posted at 01:52:22 on June 23, 2016 ยท (Permalink)
I look forward to watching the news coverage!
[deleted] ยท 1 points ยท Posted at 01:58:40 on June 23, 2016 ยท (Permalink)
Agreed.
u38cg2 ยท 1 points ยท Posted at 22:36:52 on June 22, 2016 ยท (Permalink)
Explodingcamel ยท 1 points ยท Posted at 23:02:51 on June 22, 2016 ยท (Permalink)
This won't happen in one day.
LaziestRedditorEver ยท 2 points ยท Posted at 23:30:05 on June 22, 2016 ยท (Permalink)
Hey man you have to ask the clerk at the till for a winning lottery ticket. If it doesn't win you fucking sue them.
kangarool ยท 1 points ยท Posted at 00:04:44 on June 23, 2016 ยท (Permalink)
I'd contest this, unless A) the initial winning lottery ticket is worth $1MM AND B) the subsequent winning tickets' corresponding draw dates are the same day AND C) the subsequent winning tickets generate winnings greater than their initial purchase price (cumulatively)
or
A) the initial winning lottery ticket is worth AND B) the subsequent tickets purchased are also drawn/held on that same day AND C) cumulatively equate to winnings greater than $1MM.
The Millions are in the detail...
Fortune_Cat ยท 1 points ยท Posted at 00:04:47 on June 23, 2016 ยท (Permalink)
I did that once. I won 7 times in a row of lowest division prizes until I didn't. I wanted to see how long it would go
Eureka_sevenfold ยท 1 points ยท Posted at 01:27:52 on June 23, 2016 ยท (Permalink)
NSFW https://www.youtube.com/watch?v=gUZyc-SmEZU
its-my-1st-day ยท 1 points ยท Posted at 01:31:32 on June 23, 2016 ยท (Permalink)*
How many lotteries can you cash out in the same day you played it though?
While this strategy could certainly lead to a millionaire, I doubt you could be a millionaire within a day unless you hit $1m+ on the first one.
EDIT: upon further reading I see that I am not the first person to notice this...
firmkillernate ยท 1 points ยท Posted at 02:25:25 on June 23, 2016 ยท (Permalink)
Also make sure to have as many children as possible to do this for you. Once they hit 18, watch your investment pay off!
TitaniumDragon ยท 1 points ยท Posted at 02:51:12 on June 23, 2016 ยท (Permalink)
Actually, the best way is to buy the second place lottery tickets en masse. The winning ticket is split evenly amongst all winners, but in many lotteries the second place winner isn't. Even if second is, third usually isn't. You just buy a gigantic pile of those.
This actually happened once by coincidence - a lazy fortune cookie producer mass-printed cookies with the same lucky lottery numbers which were one digit off the winning numbers, resulting in the lottery paying out more money than they would have if they had simply won.
princhester ยท 1 points ยท Posted at 03:21:28 on June 23, 2016 ยท (Permalink)
Day one you win. Day two you win. Day three people begin to stop buying lottery tickets because they think it's rigged. Day four the lottery shuts down.
nebuladrifting ยท 1 points ยท Posted at 04:04:11 on June 23, 2016 ยท (Permalink)
McBurger ยท 1 points ยท Posted at 04:10:11 on June 23, 2016 ยท (Permalink)
You could certainly get pretty far with step 2 but you wouldn't be able to use all of it for lotto! :-)
Lotto tickets must be bought in cash and in person 1. I'm only familiar with the laws of NY but the maximum purchase per ticket wager is $100. So if you had won a jackpot of $200,000,000 after taxes, you'd still need to sit through 2,000,000 transactions! You'd also need to account for time for filling out unique scorecards to ensure you don't buy duplicate tickets, and probably also hire some armed security since you'll be standing in a gas station with millions of dollars in cash in your pocket all day.
[1] an exception to this is that you can buy a lotto subscription online at the official lotto website, but it needs to be paid from a checking account, and it's more time consuming to sign up the accounts each time
kn0where ยท 1 points ยท Posted at 05:45:10 on June 23, 2016 ยท (Permalink)
You just hit the lottery lottery jackpot jackpot.
L1amas ยท 1195 points ยท Posted at 18:42:44 on June 22, 2016 ยท (Permalink)
Yeah, it's called picking six correct numbers.
SabashChandraBose ยท 486 points ยท Posted at 21:01:17 on June 22, 2016 ยท (Permalink)
I had a similar shower thought as OP's once: A thumb drive can contain a few thousand pages of PDFs. Assuming that a new thumb drive comes with all its bits set to 0, if I knew which bits to turn on to 1, I would have pages of information regarding every unanswered question there ever was.
Hohenheim_of_Shadow ยท 1090 points ยท Posted at 21:05:37 on June 22, 2016 ยท (Permalink)
So in other words, if you knew everything there is to know, you would know everything there is to know
superezfe ยท 41 points ยท Posted at 22:25:00 on June 22, 2016 ยท (Permalink)
https://libraryofbabel.info/bookmark.cgi?wpxieix294
Hohenheim_of_Shadow ยท 7 points ยท Posted at 22:35:21 on June 22, 2016 ยท (Permalink)
wtf is this?
amunak ยท 23 points ยท Posted at 23:57:23 on June 22, 2016 ยท (Permalink)
The library of everything, something like OP describes. It contains descriptions of all events that have ever happened, all events that never happened but also everything that will happen.
The only hard thing is figuring out where to read.
i_drink_orange_blood ยท 2 points ยท Posted at 02:39:20 on June 23, 2016 ยท (Permalink)
This fucking site. I have literally spent days of my life clicking random. The most I've gotten is like one fucking word.
alienpirate5 ยท 1 points ยท Posted at 07:23:42 on June 23, 2016 ยท (Permalink)
There's a search function.
i_drink_orange_blood ยท 1 points ยท Posted at 04:56:29 on June 24, 2016 ยท (Permalink)
Yeah, but that kinda takes the fun out, you know? There is a chance that by clicking random, I find an unwritten poem that would make me famous, or a page of information about what I will do in the future. I understand I'd be better off playing Powerball, but a man can dream.
Cheesemacher ยท 1 points ยท Posted at 11:08:21 on June 23, 2016 ยท (Permalink)
It doesn't help that it's not an optimal Library of Babel. There should be one instance of every combination of letters, but instead there can be countless copies of the same page in that library.
GoodPlot ยท 5 points ยท Posted at 22:51:51 on June 22, 2016 ยท (Permalink)
This great Vsauce video explains it well
rathat ยท 2 points ยท Posted at 22:54:36 on June 22, 2016 ยท (Permalink)
Scroll to bottom and click home and about.
Taikwin ยท 1 points ยท Posted at 22:56:32 on June 22, 2016 ยท (Permalink)
https://youtu.be/GDrBIKOR01c?t=17m
[deleted] ยท 1 points ยท Posted at 03:11:20 on June 23, 2016 ยท (Permalink)
[deleted]
superezfe ยท 1 points ยท Posted at 03:55:59 on June 23, 2016 ยท (Permalink)
that's pretty cool
SabashChandraBose ยท 178 points ยท Posted at 21:49:52 on June 22, 2016 ยท (Permalink)
Except whether or not you know if you now know everything there is to know.
quitethequietdomino ยท 97 points ยท Posted at 21:54:49 on June 22, 2016 ยท (Permalink)
Yes
NashRay ยท 1 points ยท Posted at 23:59:26 on June 22, 2016 ยท (Permalink)
...and then?
jaggedspoon ยท 3 points ยท Posted at 00:05:03 on June 23, 2016 ยท (Permalink)
You've accomplished tautology, meaning you're in the tautology club. And being in the tautology club means you've accomplished tautology.
SHIFUblase ยท 1 points ยท Posted at 00:18:08 on June 23, 2016 ยท (Permalink)
/r/tautology
jaggedspoon ยท 1 points ยท Posted at 00:21:41 on June 23, 2016 ยท (Permalink)
also /r/xkcd
Condoggg ยท 44 points ยท Posted at 21:55:39 on June 22, 2016 ยท (Permalink)
It is known.
Tereboki ยท 13 points ยท Posted at 22:44:20 on June 22, 2016 ยท (Permalink)
So say we all.
wtfduud ยท 2 points ยท Posted at 03:20:31 on June 23, 2016 ยท (Permalink)
You know nothing.
anscmc ยท 1 points ยท Posted at 03:09:01 on June 23, 2016 ยท (Permalink)
But why?
djdecimation ยท 1 points ยท Posted at 04:46:46 on June 23, 2016 ยท (Permalink)
Knowing is half the battle
[deleted] ยท 22 points ยท Posted at 21:57:49 on June 22, 2016 ยท (Permalink)
Does the {set of all things there are to know} contain the knowledge of whether one knows all the things?
mrwillingum ยท 11 points ยท Posted at 22:33:44 on June 22, 2016 ยท (Permalink)
I'm guessing the answer to that question isn't in the list either.
masterwit ยท 14 points ยท Posted at 22:41:43 on June 22, 2016 ยท (Permalink)
Aleph-42 infinity
shardikprime ยท 2 points ยท Posted at 02:20:35 on June 23, 2016 ยท (Permalink)
Yeah, no . that universe has way less freedom than this one
[deleted] ยท 1 points ยท Posted at 23:54:08 on June 22, 2016 ยท (Permalink)
Probably just need a bigger thumb drive then
mib_sum1ls ยท 1 points ยท Posted at 01:35:34 on June 23, 2016 ยท (Permalink)
Oh it is... You'll find it in the recursive section, near the ever- expanding outside.
zaphodsays ยท 3 points ยท Posted at 23:17:01 on June 22, 2016 ยท (Permalink)
Yes. NP is inside the set P (if i understand it)
sumgy ยท 2 points ยท Posted at 23:57:08 on June 22, 2016 ยท (Permalink)
Nah, that's in the set of all things to know that don't shave themselves.
[deleted] ยท 1 points ยท Posted at 22:32:42 on June 22, 2016 ยท (Permalink)
[deleted]
dysangel ยท 1 points ยท Posted at 03:33:03 on June 23, 2016 ยท (Permalink)
Because it's obvious, it states it in the question. It isn't even a paradox so I'm not sure why people are being so careful with their answers
RequiemAA ยท 1 points ยท Posted at 23:11:29 on June 22, 2016 ยท (Permalink)
How can it? There are sets of infinity that are more infinite than others, so if your set of all knowable things is 'complete', and thus tests true, how do you know that there isn't another, more complete set of knowledge out there?
Asterix1806 ยท 3 points ยท Posted at 23:30:07 on June 22, 2016 ยท (Permalink)
As a mathematician, you set it as one of your axioms, ie. don't think too much about it and just roll with it.
RequiemAA ยท 1 points ยท Posted at 00:02:06 on June 23, 2016 ยท (Permalink)
If you ignore the problem, it just goes away! Next time on LPT...
dysangel ยท 1 points ยท Posted at 03:34:23 on June 23, 2016 ยท (Permalink)
Because they said all things, not some things. You're missing the point of larger infinities, it isn't mystical, it's just practical
RequiemAA ยท 1 points ยท Posted at 04:46:58 on June 23, 2016 ยท (Permalink)
There's nothing mystical about the truth that there are some infinities larger than others. It's feasible that there is a set of knowledge that explains all explainable things, contains all knowable knowledge, that is consistent and self-verifying.
This set would appear to be the 'most' complete set of knowledge possible or available, and being self-verifying, would indicate that there is no knowledge outside of the set.
But if this fantasy set of information is feasible, so too are other sets that are just as consistent and self-verifying, but contain information not found in the first set.
The set of all knowable things would appear to contain the knowledge that all things knowable are present in the set. But that is not necessarily the case.
dysangel ยท 1 points ยท Posted at 05:00:15 on June 23, 2016 ยท (Permalink)*
I specifically just said it's not mystical, meaning it's pretty obvious and not complicated. But that you are treating it like it is complicated. If it's right there in the problem question that the set contains all, then it is all that could ever exist. Anything you can think of, and everything you can't, is in that set. There are infinite sets that don't contain everything, but that's not the context here. So you don't need to worry that it might contain more than you initially think it does.
RequiemAA ยท 1 points ยท Posted at 05:18:57 on June 23, 2016 ยท (Permalink)
'All' isn't the comprehensive moniker you think it is. And if you think the question isn't complicated, by all means, use it in a PhD thesis for your easy PhD.
As a very simple counterpoint, the set of all knowable things doesn't contain anything within the set of all unknowable things.
It may not even contain anything in the set of 'all assumable things', but that's an issue of definitions we'd have to discuss for the conversation to continue.
Beyond that you run in to the issue of infinity - is the set of all knowable things infinite? If it isn't, then it doesn't contain all possible information. If it is, then no one particular piece of information is more complex or different than the rest of the trend in the set (and we know that can't be true).
dysangel ยท 1 points ยท Posted at 05:29:36 on June 23, 2016 ยท (Permalink)
All is all. Stating the set of all knowable things can't contain unknowable things is just a tautology.
It doesn't matter if the set of knowable things is infinite or not. The original statement was
The only consistent answer here is "yes". There is nothing complex or paradoxical going on. The size of the set is irrelevant. So why did you say "how can it?".
RequiemAA ยท 1 points ยท Posted at 05:43:10 on June 23, 2016 ยท (Permalink)
You're right. I should of said,
Of course it does. Whether or not that knowledge is correct, however, is up for some debate.
dysangel ยท 1 points ยท Posted at 10:13:55 on June 23, 2016 ยท (Permalink)
Well I agree with you that in reality it's basically an impossible set to define because you never know what things we might discover in future. But in the context of the question you can just roll with it :p
dysangel ยท 1 points ยท Posted at 05:41:09 on June 23, 2016 ยท (Permalink)
Looking back at my previous comment I guess I wasn't being clear enough. It was 6am and I haven't slept well. But I was thinking in the context of all knowable things, not just all things. You're going to have to try harder if you want to make anything paradoxical or tricky about the question
nytrons ยท 1 points ยท Posted at 01:00:39 on June 23, 2016 ยท (Permalink)
Yes.
edrudathec ยท 1 points ยท Posted at 03:37:17 on June 23, 2016 ยท (Permalink)
It is a thing to be known. Unless it somehow causes a paradox, yes.
draycottsky ยท 2 points ยท Posted at 22:47:02 on June 22, 2016 ยท (Permalink)
TIL Donald Rumsfeld has a reddit account
dirtieottie ยท 1 points ยท Posted at 22:34:05 on June 22, 2016 ยท (Permalink)
"He is wisest who knows he knows nothing." -some wiseguy
Wrekked_it ยท 1 points ยท Posted at 22:49:07 on June 22, 2016 ยท (Permalink)
No
jojoblogs ยท 2 points ยท Posted at 22:12:56 on June 22, 2016 ยท (Permalink)
Except with a thumb drive.
youreawizerdharry ยท 2 points ยท Posted at 22:49:34 on June 22, 2016 ยท (Permalink)
I think that's what every front page shower thought I've ever seen comes down to
isrly_eder ยท 1 points ยท Posted at 23:00:54 on June 22, 2016 ยท (Permalink)
this became tautological quickly
BoochBeam ยท 1 points ยท Posted at 23:39:34 on June 22, 2016 ยท (Permalink)
No, in other words if he opened his mouth and made all the right sounds he would say the answers to every question in the universe.
fireaero ยท 1 points ยท Posted at 00:03:41 on June 23, 2016 ยท (Permalink)
Well I thought the previous comment was very insightful, but when you put it like that...
Roland1232 ยท 1 points ยท Posted at 03:01:42 on June 23, 2016 ยท (Permalink)
Pretty taut analogy.
[deleted] ยท 1 points ยท Posted at 04:42:13 on June 23, 2016 ยท (Permalink)
But then how do you know you know everything there is to know? Not knowing that means you don't know everything there is to know. P != NP, q.e.d. ipso facto.
PixelCortex ยท 1 points ยท Posted at 09:56:54 on June 23, 2016 ยท (Permalink)
If you knew everything, your knowledge will include that fact that you cannot know everything, but what if you knew even the things that you cannot know, what then huh? HUH?
koenigkill ยท 99 points ยท Posted at 21:05:02 on June 22, 2016 ยท (Permalink)
Kinda like https://libraryofbabel.info
Kuhale ยท 37 points ยท Posted at 21:13:03 on June 22, 2016 ยท (Permalink)
The library of Babel is so cool
[deleted] ยท 9 points ยท Posted at 22:00:34 on June 22, 2016 ยท (Permalink)
Whoa. It's like somebody made a Jorge Borges story into a webpage.
Lampshader ยท 14 points ยท Posted at 23:15:52 on June 22, 2016 ยท (Permalink)
It's like that because it's exactly that...
https://libraryofbabel.info/About.html
[deleted] ยท 2 points ยท Posted at 01:02:38 on June 23, 2016 ยท (Permalink)
Ha! How about that?
airboy1021 ยท 1 points ยท Posted at 23:57:32 on June 22, 2016 ยท (Permalink)
Woah
[deleted] ยท 7 points ยท Posted at 21:33:28 on June 22, 2016 ยท (Permalink)
Or is it
DrGhostfire ยท 9 points ยท Posted at 21:45:39 on June 22, 2016 ยท (Permalink)
Yeah it's sort of like saying the binary answer to the universe is in a number line... Like of course.
[deleted] ยท 1 points ยท Posted at 21:56:43 on June 22, 2016 ยท (Permalink)
Yea and the library of Babel doesn't even really exist
Well
I mean
OK
It's weird
Cause technically a lot of other stuff "doesn't exist" either but it's still pretty damn important
But
doihavemakeanewword ยท 2 points ยท Posted at 01:44:40 on June 23, 2016 ยท (Permalink)
Me_Irl
the_feeble_strength ยท 1 points ยท Posted at 03:39:26 on June 23, 2016 ยท (Permalink)
under breath holy shit
asuryan331 ยท 1 points ยท Posted at 04:55:35 on June 23, 2016 ยท (Permalink)
is this real? if so is it the dankest page in the library?
AdvonKoulthar ยท 1 points ยท Posted at 05:57:30 on June 23, 2016 ยท (Permalink)
Technically speaking it's real, but you can also search the library for strings, so it isn't very impressive.
ReverendDizzle ยท 4 points ยท Posted at 01:59:16 on June 23, 2016 ยท (Permalink)
Sooo... this thing purports to have every single combination of English words in it.
I put it to the test with the sentence "the possum is a skull fucking son of a bitch, who stole my mothers ocular virginity" and that existed.
It also has "donald trump is a lizard man from uranus who likes to sing pretty songs to the pretty ladies while wearing a dashing sombrero", here.
I'm rather impressed.
vamana ยท 2 points ยท Posted at 21:55:04 on June 22, 2016 ยท (Permalink)
I feel like they should have gone just black and white for the picture thing.
teaearlgraycold ยท 2 points ยท Posted at 21:58:48 on June 22, 2016 ยท (Permalink)
https://babelia.libraryofbabel.info/slideshow.html
mobin_amanzai ยท 1 points ยท Posted at 08:12:46 on June 23, 2016 ยท (Permalink)
Hope does one use this, is there a tutorial video I can watch?
koenigkill ยท 1 points ยท Posted at 08:17:15 on June 23, 2016 ยท (Permalink)
Only think I know of would be the about page
-JPMorgan ยท 99 points ยท Posted at 22:01:34 on June 22, 2016 ยท (Permalink)*
Even better: In a grid of 1920*1080 pixels (full HD picture), if you calculate every permutation there is with r,g and b pixels, you will basically have every picture that ever existed or ever will exist. You will have a picture of everything that ever was, that ever will be, everything that could have been. A photograph of the real Julius Caesar with underpants on his head? Yup, it will be in those permutations. Everything that you could think of, in every possible angle, with every possible lighting. Blows my mind.
xxxSEXCOCKxxx ยท 23 points ยท Posted at 22:31:44 on June 22, 2016 ยท (Permalink)
I wonder what the average index-distance would be between actual, recognizable images and garbage, assuming the images are randomized. I imagine it's probably a real big number too
joinerfrog ยท 2 points ยท Posted at 23:52:20 on June 22, 2016 ยท (Permalink)
If "average index-distance" means what I think it means, I bet it'd be pretty big too.
Although, depending on how one would create such images, there would be a lot of the same image but one pixel different, no?
xxxSEXCOCKxxx ยท 6 points ยท Posted at 00:11:35 on June 23, 2016 ยท (Permalink)
Yes that's true. Or at least seems to be true, intuitively. It really is mind boggling. And it just gets more mind boggling the more you think about it. I love shit like this! Fuck yeah!!!
VisualBasic ยท 2 points ยท Posted at 02:49:51 on June 23, 2016 ยท (Permalink)
And what's even more awesome is that these images, which are only one pixel apart, can be arranged and displayed sequentially at 24 frames per second to create the best motion picture in the history of the human race.
analoguefrog ยท 1 points ยท Posted at 03:20:41 on June 23, 2016 ยท (Permalink)
Hell yeah. Except that each relevant frame ordered sequentially at 24fps would have far more than one pixel different.. They'd have almost every pixel different. Depending on lighting and other factors, I guess. Otherwise you'd have some hella slow motion, I guess.
VisualBasic ยท 1 points ยท Posted at 12:56:04 on June 23, 2016 ยท (Permalink)
Maybe you could increase the frames per second?
r_plantae ยท 1 points ยท Posted at 12:50:20 on June 23, 2016 ยท (Permalink)
https://en.wikipedia.org/wiki/Holographic_principle
Cheesemacher ยท 1 points ยท Posted at 11:20:05 on June 23, 2016 ยท (Permalink)
Practically every picture would be static noise. You could go through the pictures for hundreds of years without finding anything that resembles anything.
[deleted] ยท 5 points ยท Posted at 22:46:30 on June 22, 2016 ยท (Permalink)
To further blow your mind, the entire number of permutations here would equal more than the total number of atoms in the visible universe.
resinis ยท 2 points ยท Posted at 23:21:40 on June 22, 2016 ยท (Permalink)
But what if the resolution was only 480p?
ApatheticTeenager ยท 1 points ยท Posted at 02:36:46 on June 23, 2016 ยท (Permalink)
120p?
For_Iconoclasm ยท 1 points ยท Posted at 04:17:47 on June 24, 2016 ยท (Permalink)*
Wolfram Alpha estimates the existence of 1080 atoms in the universe. Even a screen of 20x20 pixels, where each pixel can only be black or white, contains more possible permutations than that:
220ร20 = 2400 โ 2.58 ร 10120
Not only does it exceed that number, it does so to a mind-boggling degree.
resinis ยท 1 points ยท Posted at 14:53:35 on June 24, 2016 ยท (Permalink)
Doesnt seem like it at all. Maybe 20x20 greyscale... Weird
But yeah, its impossible to imagine how many possible images there could be in a 1080p image with full color
dont_trust_goats_ ยท 2 points ยท Posted at 00:28:42 on June 23, 2016 ยท (Permalink)
Along these lines, their are way more ways you can arrange a chess board than their are atoms in the visible universe as well.
Deftlet ยท 1 points ยท Posted at 01:02:56 on June 23, 2016 ยท (Permalink)
Whoa dude
SabashChandraBose ยท 2 points ยท Posted at 22:19:44 on June 22, 2016 ยท (Permalink)
What would that be? 31920x1080 ?
rya_nc ยท 10 points ยท Posted at 22:43:45 on June 22, 2016 ยท (Permalink)
224x1920x1080 =~ 1.5x1014081179
This is a meaninglessly large number - there are only an estimated 1080 atoms in the entire universe. The number of possible images on an HD screen is about the same as the number of combinations you can get by selecting 176,000 atoms out of all the atoms in the universe.
[deleted] ยท 1 points ยท Posted at 04:49:53 on June 23, 2016 ยท (Permalink)
To put that into perspective,
https://en.wikipedia.org/wiki/Timeline_of_the_far_future
JIMMY_RUSTLES_PHD ยท 2 points ยท Posted at 22:35:36 on June 22, 2016 ยท (Permalink)
I think it would be (256 x 256 x 256)1920*1080
[deleted] ยท 3 points ยท Posted at 22:47:12 on June 22, 2016 ยท (Permalink)
That's a higher number than the total number of atoms in the visible universe. We're gonna need a big computer.
IJustThinkOutloud ยท 7 points ยท Posted at 23:27:00 on June 22, 2016 ยท (Permalink)
I just upgraded my RAM hit me up
resinis ยท 2 points ยท Posted at 23:20:02 on June 22, 2016 ยท (Permalink)
No we just need one computer with a big ssd. Just have the monitor display one possible combination at a time. That way you would literally have every image there ever was and ever will be. In 1080p anyway.
HowlsDemonicHeart ยท 1 points ยท Posted at 22:56:55 on June 22, 2016 ยท (Permalink)
You are a prophet.
Tellesu ยท 1 points ยท Posted at 23:20:09 on June 22, 2016 ยท (Permalink)
A video game played on a computer is just software that flips certain pixels on and off in response to keyboard and mouse inputs while playing sounds that synch.
tobb9 ยท 1 points ยท Posted at 03:23:07 on June 23, 2016 ยท (Permalink)
Sounds very simple. I'll start making video games tomorrow
Theallmightbob ยท 1 points ยท Posted at 23:33:07 on June 22, 2016 ยท (Permalink)
you will also have a lot of pictures of nothing at all.
[deleted] ยท 1 points ยท Posted at 23:58:19 on June 22, 2016 ยท (Permalink)
what if it was a 4k photo?
Fortune_Cat ยท 1 points ยท Posted at 00:03:40 on June 23, 2016 ยท (Permalink)
That's a good way to explain probabilities to gamblers
NoFucksGiver ยท 1 points ยท Posted at 01:27:54 on June 23, 2016 ยท (Permalink)
photography rule 34 right there
wordisborn ยท 1 points ยท Posted at 01:37:17 on June 23, 2016 ยท (Permalink)
In every period and style as well
ReverendDizzle ยท 1 points ยท Posted at 01:53:29 on June 23, 2016 ยท (Permalink)
Why stop at Julius Caesar with underpants on his head? You'd have every single moment of his life from every single possible angle it could be represented in, no?
sneh_ ยท 1 points ยท Posted at 01:54:01 on June 23, 2016 ยท (Permalink)
256 x 256 x 256 = 16,777,216 colors per pixel 16,777,216 x 1920 x 1080 = 34,789,235,097,600 (34.7 trillion) unique images
Black and white (256 shades) would make 530,841,600 (530 million) images. Actually doesn't seem like that many, considering..
lajfa ยท 1 points ยท Posted at 06:15:21 on June 23, 2016 ยท (Permalink)
You are multiplying where you should be using exponents.
djpain20 ยท 1 points ยท Posted at 12:44:36 on June 23, 2016 ยท (Permalink)
Your math is way off, that's why it doesn't seem like that many.
HP844182 ยท 1 points ยท Posted at 02:55:33 on June 23, 2016 ยท (Permalink)
You could have porn of anyone ever
masterax2000 ยท 1 points ยท Posted at 03:52:11 on June 23, 2016 ยท (Permalink)
https://babelia.libraryofbabel.info/slideshow.html
masterax2000 ยท 1 points ยท Posted at 03:52:14 on June 23, 2016 ยท (Permalink)
https://babelia.libraryofbabel.info/slideshow.html
AdvonKoulthar ยท 1 points ยท Posted at 06:01:46 on June 23, 2016 ยท (Permalink)
Wait...isn't that just saying an HD screen is capable of displaying images? I mean, of course it's able to, the pictures aren't already in it. Screens are made so they can display any image.
If your HD screen can only display 10 pictures, you got ripped off.
Thenotsogaypirate ยท 1 points ยท Posted at 06:18:38 on June 23, 2016 ยท (Permalink)
Vsauce did a recent video of this. Which is where I assume you got the idea from. It's pretty interesting but I'm too lazy to link it. Just kidding its messages for the future.
HooptyDooDooMeister ยท 42 points ยท Posted at 21:14:16 on June 22, 2016 ยท (Permalink)
The answer to all your questions can be answered with a combination of twenty-six different letters.
rathat ยท 33 points ยท Posted at 22:55:47 on June 22, 2016 ยท (Permalink)
That's crazy cause I already know all 26 of the letters.
GeneralShepard ยท 4 points ยท Posted at 00:08:05 on June 23, 2016 ยท (Permalink)
I got stuck at 15, unfortunately.
blainehoyt ยท 7 points ยท Posted at 01:50:25 on June 23, 2016 ยท (Permalink)*
There are exactly 15 unique alphabetic characters in your sentence.
edit: and if you spelled out 'fifteen' it would still be the same. Wow.
edit2: your username makes it more than 15 characters, I'm calling your bluff.
GeneralShepard ยท 1 points ยท Posted at 15:14:50 on June 23, 2016 ยท (Permalink)
Dammit, foiled again
dunaja ยท 1 points ยท Posted at 03:32:32 on June 23, 2016 ยท (Permalink)
I only sometimes know "Y".
SabashChandraBose ยท 0 points ยท Posted at 21:15:40 on June 22, 2016 ยท (Permalink)
...and 10 digits.
baru_monkey ยท 15 points ยท Posted at 21:23:48 on June 22, 2016 ยท (Permalink)
Numbers can be written out in letter form.
ecce-homo ยท 3 points ยท Posted at 21:44:06 on June 22, 2016 ยท (Permalink)
Or just binary it
b1indy ยท 6 points ยท Posted at 22:18:59 on June 22, 2016 ยท (Permalink)
10 would be correct number of digits in binary too.
ecce-homo ยท 1 points ยท Posted at 22:20:51 on June 22, 2016 ยท (Permalink)
What are you, some kind of mathlete?
JackAceHole ยท 45 points ยท Posted at 22:02:35 on June 22, 2016 ยท (Permalink)
"It was the best of times, it was the BLURST of times???"
tears_of_dogfood ยท 14 points ยท Posted at 22:26:21 on June 22, 2016 ยท (Permalink)
You stupid monkey!
toferdelachris ยท 1 points ยท Posted at 14:37:28 on June 23, 2016 ยท (Permalink)
https://libraryofbabel.info/bookmark.cgi?blurstoftimes:1
edit: also, this
dhshawon ยท 23 points ยท Posted at 22:18:14 on June 22, 2016 ยท (Permalink)
If you knew what to search, you could find the cure to cancer on the Library of Babel. It contains every possible sentences phrases in the English language. Even the thing that I just typed, it's there. Your comment too, is already there.
link7901 ยท 2 points ยท Posted at 02:17:49 on June 23, 2016 ยท (Permalink)
https://libraryofbabel.info/book.cgi
student_of_bokonon ยท 1 points ยท Posted at 04:22:19 on June 23, 2016 ยท (Permalink)
Well by the virtue of recursion, it can't actually contain every sentence possible in the English language. You can make infinitely many unique sentences in English.
AerosolHubris ยท 1 points ยท Posted at 15:14:11 on June 23, 2016 ยท (Permalink)
Think of it like this. I'll generate a sequence of digits that contains all finite sequences. We start with all length 1 sequences, then all length 2 sequences, etc. 012345678900010203040506070809101112... There are other such sequences, but this one is simple. If we replace digits with the alphabet, spaces, and punctuation in a particular ordering then we get every finite sentence. We could add every alphabet and, as long as it's ordered, we get every sentence in every language. Given a specified string/sentence we can find exactly where it appears in the sequence.
student_of_bokonon ยท 1 points ยท Posted at 15:59:45 on June 23, 2016 ยท (Permalink)
I'm aware of how the Library of Babel works, and I know that it can contain any sentence you can possibly write, but it cannot contain every grammatical sentence, because language is infinitely recursive. A sentence that goes on infinitely can be perfectly grammatical, but cannot be recorded on any medium, because it's infinite.
I know that all finite strings can be found on the LoB, but the English language is not limited to finite strings.
AerosolHubris ยท 1 points ยท Posted at 16:03:06 on June 23, 2016 ยท (Permalink)
There is no maximum length of a sentence, but all grammatically correct sentences have finite length.
student_of_bokonon ยท 1 points ยท Posted at 16:09:17 on June 23, 2016 ยท (Permalink)
That is not true.
It is perfectly possible for a sentence to be both infinite and grammatically correct.
The sentence I provided in another comment was one example, here's another:
The dog and the cat and the bird and the bear and the mouse and the fox ... lived in the forest.
You can fill that ... with as many "and the animal"s as you want, while remaining grammatical. Although an infinite sentence is not possible to produce, if it were it could be grammatical.
AerosolHubris ยท 1 points ยท Posted at 16:10:45 on June 23, 2016 ยท (Permalink)
That doesn't make sense. At what position in the sentence is the word 'forest'? You can make a sentence arbitrarily long but you can't make a grammatically correct infinite sentence.
dhshawon ยท 1 points ยท Posted at 05:16:56 on June 23, 2016 ยท (Permalink)
You actually can, all of them. Look it up, or watch the Vsauce video on it.
student_of_bokonon ยท 1 points ยท Posted at 06:13:38 on June 23, 2016 ยท (Permalink)
The Library of Babel is a generator, not a true "library."
It generates pages from a seed on demand, in a deterministic manner.
It is impossible to actually store every single possible sentence, because any sentence can be extended infinitely.
You can create a sentence like:
"Jessica and Jim and Jonah and Jack ... went to school."
Within that ... is an infinite string of ands and names. It is impossible for any book to contain that sentence, because you would have to generate infinite words.
sirxez ยท 2 points ยท Posted at 09:07:14 on June 23, 2016 ยท (Permalink)
Its also impossible for anyone to look for that 'sentence'? You are right in that the website is limited to a specific book length & specific characters per page and so can't display everything, but, in general, any information can be randomly generated. There is a finite number of time in the universe, so you can't extend any sentence to infinite. You can describe an infinite sentence (like you did) but so can the library of babel. Also, being deterministic given a seed does not mean anything as long as the seed is random.
PM_TITS_OR_DONT ยท 13 points ยท Posted at 21:21:16 on June 22, 2016 ยท (Permalink)
Why would you use PDFs for that?
Dungeons_and_dongers ยท 23 points ยท Posted at 21:24:54 on June 22, 2016 ยท (Permalink)
He needs the risk of being infected to make him feel alive.
pikk ยท 1 points ยท Posted at 21:42:11 on June 22, 2016 ยท (Permalink)
embedded word macros for lyfe!
thewritingchair ยท 4 points ยท Posted at 23:19:16 on June 22, 2016 ยท (Permalink)
Not only that --- you'd have every movie ever made, every movie ever not made. You'd have a copy of Star Wars with Brad Pitt in it. You'd have a copy of Star Wars where one single pixel in one frame was slightly different. You'd have every angle on the JFK shooting. Of course you'd have every person/cartoon character/vegetable/solar system/etc detailed as the shooter.
You'd have documents proclaiming to be the ultimate list of true documents and then others proclaiming that document is lying.
You'd have documents describing everything you will ever do. You'd have documents describing a version of your that was an insane murderer who rose to power.
You'd have documents describing how to become immortal. You'd have trillions upon trillions that only had one varied sentence:
Eat a potato
Eat a tomato
Eat a solar system
Eat a cat
You'd spend your entire existence searching through trillions of trillions of documents and knowing you are barely scraping the surface.
You'd be obsessed with the idea that one of the documents describes a perfect document search engine that can instantly find the true documents.
And somewhere in there would be Halflife 3.
Maybe.
[deleted] ยท 1 points ยท Posted at 05:55:23 on June 26, 2016 ยท (Permalink)
Your entire comment exactly was found: The book you were reading was Volume 21 on Shelf 1 of Wall 4 of Hexagon:07cxhhgjk6lyjktvcchfpocppctvapgje8qstnopi5z6teyh48hrzcwqrudrgs7aw0ikvb2k93s117agqduj318vgml6318bwa2v4xrtv5ri8lv63b8cvskxlhh5097niyls4gcukdnesdv4fbc24x7y47frqcx2vbflb6b72903a8eixwoetciisy2pbgzpdstduooiod1mmbthfk483kehqyrckw31qcwhej7mz2vx3j1lglu0vt38mqkzz5mx3601kav1z288k3gd8wupi40t8whcz7pa6qcmzazf654d5pgt2uwtmtruwm5ugmitgs9t2kra8yesb6qq9waknluvvm01g9efy4nt0ksvpumn4xgpa85of1m5t274v7qste4blj0mt408uxcabuoxgry3ycj1u8bqdwpbbe6p8l92sik48uq1t15x06ur39bupfwa2s5wgep9ozvl6nvza41aohdvsy9ssh06nmzrq2cttosil4izyp7nthgdpmx60z2qmqxc5h5yezqtnt5jjyqj8cbmtykwobwdtw0ae7p9468nkge3ea32qqintuxcch8ms3robmm9oq09stzg2y8bam47a26c684pquif2elxvsfdonadllh3fxco7al7929xi9cjm72kkh5eorkrpgc93v50z0sw0oemcfx23ev4jo4fg89pole254k8xlbx03j0gs1lmy0bpqhtpxbjl5s5i14i7etesmbc5sy548glwr3ma8sus6uxxgvp3kdw7xvit22vuzc7g3py5ihq2aj2g2h68lbqpm5i1lmcb5v78yzs5yjrn1c94ecpgflqe556rfs62y4gruwrifnnltjjspmzbidf8ws9toxrrbv0or28xq0tjvmia12c9j1udvczz7waxhwsmafl3169lhnbtx5qifz15daa0q6pfjveqqozl8rcz6u94ts9dbwfobyqt3a02gjrpt3giw1zjisg4cfb7vzgdd240m94x6wgpn97qivjsy9pjx9a3dr005xxr3gusqvcmug55f7qcxfa8d4ip3ogmm449nwd6nv9y55shf3i97aofxgju9gdv3gnj4vn33flzoperzm02a8zbajflbnqftb67yv6cbxdjs8owvr34th032m287cf4io5ajte5qmffwj7n35wg2mh63i3s89rr72dg9i16gpbg1xja44hshqk8k3mk9xm43e2arvqmx6mkbttpcgk90ugkwv39rkq1j77zpyacuqzhknwd7ol5wwbud5n7811bx2od1s20wh3avnrypn21ln7dsxms1icc5o0mh5mkd0hw7jj2io1rzhiuy4imigsqp986b2bwoiq9uld6c9epkliz5z50nsg5vqcdn26aigpipkdvpf0mcsdpsyosfkmuheil3iby7e3xbpzrbzg5dewl08g7mw3fqflzopf8azmst80l36ccsfvsy5b13w84d11gegg7ns0qn6gf4t6yfl7qc4iww1nfk2tkskl6gnzuhmqkm3vjmedgov1yowqgc1qdytmas7svorzpcbptnu8mrjzixzujb2rptrhxxiquhfj2lsw0rlh9lp0updwg7rtzr6x00mw25g27gu22h3o8ylxzys8emqenykv90jyt6uhaymmmpdr99fyxqapi510ao1eq17k3qbwwonnsuaa0euo53a6ie79bp3nbb9xiu5krdlur8tgpbe6akifdqmerlod3l5s5jsxk89t3j6y0i93gfuhkvcd8t27nfw7gcxytb01sl7tjr8vau65jctsbthu89b8fwq2jot0l6tgux890cmjiy7jnmfdrpb0eyqbuijn40743a9p9sdyjtkao73wvqp64bpl3qvb99boo4fjm5ugsld5rt4mo6cg1vt4putbvr1gl41hpg1dlb76ijpd1fb2iqakcwiwgnyzxq66odx1axg5tjm9jm0nolc69hk19e27q3djabn706zy5yfzikwqxgyw39hjucupv7gkfmcneiz3a24vkk60kqi017pat5ij7sj73o51dts7ijkibdvunbuobxe244c60bp8o32iinmzz5d7g32xc3szcdh775obj0oyaq70mgmd452cdhib9nrszohevdg8rqijf2gcxvday3wwthaolhuwapw7nsvvwi8d41ns0zx6r4ho9nkwf325dzdktkrg69lq0a9ghr4liaijvn0yvpo41mf4se8mrrfosan4v2qxfmtkn7l6g233rse7o89szy78e8kmy58bluma7sd88e82thxc5esyywli2krcfygjzz2ga619frcrcdu6wf1m4vc7ebfqyg7xmsvdzai343x8db7c5zltcsxk11unjc73rahbayjzzcrluc2xbwh1h6yzu4cqxagftc29arcogejf96w3eh96i2w0r0m44q48cz58earp9g0bidruzpn98ja4jjstkjbo6j002jbc5a6xun3a5kwokp02ctd38qv9iil8b32cm0gjw6d3tjegal2813wl3gdmzgsumbzhpsok3j6uhve35rw4uumf5tdal89jssnfqpxqvi1ru71m6k0orwa52tceutm3o536p1m6yyino200htcb3fnzw9nar1omwz6sqv8t574k4o41q2l9xcbpn06qf00siu8wzp454rvcweg52ct09xkw82jyxpjj2s2pjil9suljoeez1b4jnn87k3yutk7omo0mtz1mlddir7be6e1g14carukb81qkf1qlbrnytudcp5hxj3y8q0ivzds0jl6tlsug05pdarqst5wdi09u987677jiupy1dpmiuq7c27qf2bg83x1ug9elqkst3f1tki53goywwahz9jhbav2q5vk9mspoi1jjbcqvdoh8owzlbw3eb6q6hkb7m9imo9z3x41cc7jex1jjv15vyvf7k0sw052epmt0zgc5ftxcka5s8xd5p7gb52kdw8lh6pcgvgkl5ygudy2tbo6hahdk1ze95t52ht7nr8k379vkhp0amtwexvzbs57v27jz0z7s9h84frx8zsoy19xvk3qh5iezmlqlma7abde57cvn2pnbelkt4arvv3n33oha4oi18isw0chrl24zjnr7rwjzcfx2mnaddm5jjpi4mwvx88woe3u6wjuyo1be1n5krqjv2km7werujdng14fjas7inxwizooa2lttbpihctqtccb532ohcdhjdtv84vrqkz1pqw19frm4mr7ae5
david2278 ยท 6 points ยท Posted at 21:53:44 on June 22, 2016 ยท (Permalink)
A thumb drive could also contain all the source code and assets of a AAA game which I could sell for millions of dollars. If only I knew what bits to turn on.
Isrulius ยท 3 points ยท Posted at 03:44:38 on June 23, 2016 ยท (Permalink)
I don't understand
BoltKey ยท 2 points ยท Posted at 22:25:13 on June 22, 2016 ยท (Permalink)
Perhaps a bit off-topic, but it is a common misconception that all the bits are set to 0 by default.
Basically, there is some part of the drive which says where all the files are and what is where. By default, there is saved the information that there are no files on the drive. But on the rest of the drive, there is just mess - random 0s and 1s that don't make sense.
This is also connected to the problematic of data recovery. When you delete a file, you don't actually delete the data. You just say that the space is free to use again, but the actual data is not deleted (eg overwritten). So if you don't overwrite it, you can recover it. You basically have a lot of 0s and 1s without the necessary information about the data to make sense out of it, and you (eg the algorithm) have to figure out how the data should be arranged to make sense. Kind of like a huge black jigsaw puzzle.
Sorry to all the tech people cringing about my totally wrong understanding of the concepts, but it's what I got.
GenTiradentes ยท 2 points ยท Posted at 01:19:07 on June 23, 2016 ยท (Permalink)
You should visit us sometime in /r/showerbeer.
spacemoses ยท 2 points ยท Posted at 03:46:01 on June 23, 2016 ยท (Permalink)
If you assemble the right array of colored pixels, you can see anyone naked!
Arqideus ยท 2 points ยท Posted at 03:56:12 on June 23, 2016 ยท (Permalink)
There was a meme posted a long time ago. It's a similar thought:
"If pi is infinite and non-repeating and each number or a combination of numbers was mapped to a letter, pi could contain every literary work.
Hohenheim_of_Shadow ยท 4 points ยท Posted at 21:05:38 on June 22, 2016 ยท (Permalink)
So in other words, if you knew everything there is to know, you would know everything there is to know
Wizardspike ยท 7 points ยท Posted at 21:33:49 on June 22, 2016 ยท (Permalink)
Not at all. If he knew a really long string of numbers jt would provide him the knowledge he and no one else knew.
Kind of like knowing how to make a master key for every door in the world, it's not saying you know the contents of every house, but your knowledge let's you find out
Hohenheim_of_Shadow ยท 0 points ยท Posted at 22:41:57 on June 22, 2016 ยท (Permalink)
When you compress data, it renders it into a slightly less useable form similar to how if you know just the binary its just a less useable form of the pdfs. If I have a compressed pdf would you say i know whats in the pdf?
jrkirby ยท 1 points ยท Posted at 21:47:34 on June 22, 2016 ยท (Permalink)
Not really. You're vastly underestimating how many unanswered questions there are (could be). There's no way a thumb drive could hold the answer to a meaningful fraction of all questions..
siosilvar ยท 1 points ยท Posted at 22:10:32 on June 22, 2016 ยท (Permalink)
If the answer fits on the drive, it could be on the drive. It's a million monkeys bashing on typewriters situation.
jrkirby ยท 1 points ยท Posted at 22:30:49 on June 22, 2016 ยท (Permalink)
You might be able to fit the answer to any particular question on the drive. Putting information about every unanswered question on a drive all at the same time? That requires a drive that the earth is not big enough to contain. There's too many questions that could exist.
Ignorred ยท 1 points ยท Posted at 21:57:17 on June 22, 2016 ยท (Permalink)
Shit but like what if you found pages and pages of binary code at work one day just printed off and sitting on your desk and when punched in it revealed a bunch of old unanswered questions. But nobody would claim the code.
omaharock ยท 1 points ยท Posted at 22:22:37 on June 22, 2016 ยท (Permalink)
This reminds me of the thing about how if you give a monkey a type writer he'll eventually wrote Shakespeare.
Live obviously the money isn't going to start writing Shakespeare, but eventually it'll hit enough buttons in the right order to form a word, and eventually Shakespeare.
Obviously the odds are worse than winning the lottery, but I still find it interesting.
MrJed ยท 1 points ยท Posted at 02:31:54 on June 23, 2016 ยท (Permalink)
Understatement of the century.
[deleted] ยท 1 points ยท Posted at 22:29:02 on June 22, 2016 ยท (Permalink)
I don't understand this. Are you saying the answers are already on the drive?
Khuroh ยท 1 points ยท Posted at 22:33:52 on June 22, 2016 ยท (Permalink)
Along the same lines...
mcdinkleberry ยท 1 points ยท Posted at 22:44:35 on June 22, 2016 ยท (Permalink)
It's called the library if Babel
kevinhaze ยท 1 points ยท Posted at 22:49:57 on June 22, 2016 ยท (Permalink)
That's like saying "if I knew the answers to every question in Spanish, I'd know them in English!" Wooooaaaah man. hits blunt
IT_2784628364 ยท 1 points ยท Posted at 22:50:09 on June 22, 2016 ยท (Permalink)
There are file sharing methods built around exactly this.
Imagine being able to watch/listen to any movie/show/music you wanted just by downloading the right stock images from the internet and putting them into the correct order.
IP owners are worried about torrents? HA!, they don't have the vaguest idea what they are really fighting.
your_favorite_mexi ยท 1 points ยท Posted at 22:53:16 on June 22, 2016 ยท (Permalink)
If you think about a digital picture, which is essentially just a panel of colored squares (pixels), you can produce any picture in the world that you want, so long as you know which order to put the colored squares in.
alienpirate5 ยท 1 points ยท Posted at 07:34:35 on June 23, 2016 ยท (Permalink)
https://babelia.libraryofbabel.info/imagebookmark2.cgi?landscape:1
rawker86 ยท 1 points ยท Posted at 23:11:43 on June 22, 2016 ยท (Permalink)
i had a similar thought, except i was 17, so it was more like
"this isn't a picture, it's just 1's and 0's telling the computer to draw a picture. if i could get the 1's and 0's just right i'd have a picture of that chick over there's boobs."
deep thoughts.
resinis ยท 1 points ยท Posted at 23:17:16 on June 22, 2016 ยท (Permalink)
Ive thought about this many times when trying to search for the kind of porn i want. "Dammit, if i just knew the right pattern of 1s and 0s i would be able to get off right now"
[deleted] ยท 1 points ยท Posted at 23:55:54 on June 22, 2016 ยท (Permalink)
Pi is an irrational number, meaning it never ends and never repeats. Within such an infinite decimal exists every possible finite combination of numbers. Within these digits would have your biography, including your first words, your last words, the names if everyone you'll ever meet, a picture of your childhood home, and the details regarding your death. Another place contains the cure for all cancer, while elsewhere it tries what God's favorite flavor of ice cream is. An image of me and you eating pizza on Mars is contained somewhere within the digits of pi. So much potential information spelled out in a number we represent with a single letter, if only we knew where to look.
garblegarble12342 ยท 1 points ยท Posted at 00:23:24 on June 23, 2016 ยท (Permalink)
There is a formula that can describe everything:
https://www.youtube.com/watch?v=_s5RFgd59ao
If you pick the right combo you have the answer to just about everything. You would have the formula's that will give humanity endless energy, and answers to all the big math problems. Only thing is, it is hidden in a ridiculously large amount of combo's.
Llim ยท 1 points ยท Posted at 00:26:44 on June 23, 2016 ยท (Permalink)
There's also a set of 1s and 0s which results in a video of you having sex with your favorite celebrity crush
arbitrageME ยท 1 points ยท Posted at 01:03:40 on June 23, 2016 ยท (Permalink)
There's a mathematical construct called the Library of Babel. I guess in your case, it would be the USB stick of Babel. Just imagine -- the proof to P = NP is on that USB stick.
Bullseye_womp_rats ยท 1 points ยท Posted at 01:05:30 on June 23, 2016 ยท (Permalink)
Isn't that basically a different version of the Infinite Monkey Theorem?
spockspeare ยท 1 points ยท Posted at 01:28:43 on June 23, 2016 ยท (Permalink)
Monkeys + Typewriters = Shakespeare.
Logical.
Fereta ยท 1 points ยท Posted at 02:44:48 on June 23, 2016 ยท (Permalink)
Think about this too: an image is just an array of colored pixels. If you could generate every possible combination of colors for each pixel, you would have every image that has ever existed or will ever exist.
Edit: Oh, someone already commented this..
mathfacts ยท 1 points ยท Posted at 04:09:26 on June 23, 2016 ยท (Permalink)
That's a cool thing about computers. A given hard drive has a finite number of states. All 0's, all 1's, and everything in-between. That in-between contains every movie, work of art, nudes of Obama, etc. But it's cool that it's NOT an infinite number of states.
LC1337crazer ยท 1 points ยท Posted at 05:49:06 on June 23, 2016 ยท (Permalink)
Actually you just need to set all the correct bits to 1 to create a document showing you which bits to set to 1 for the thumb drive that would be much easier.
DoctorsHateHim ยท 1 points ยท Posted at 06:23:29 on June 23, 2016 ยท (Permalink)
Every answer is already written down in this library.. you just have to find the right page. http://www.smithsonianmag.com/innovation/digital-library-contains-every-phrase-that-could-ever-be-uttered-180956623/?no-ist
[deleted] ยท 1 points ยท Posted at 06:45:54 on June 23, 2016 ยท (Permalink)*
An infinite number of monkeys typing on typewriters will produce every past, present, and future written document in short order. The problem would be finding the important documents in this infinitely large corpus of gibberish. This sorting task is likely more difficult than bypassing the monkeys and just writing the important document through traditional means.
TheInternetHivemind ยท 1 points ยท Posted at 07:52:35 on June 23, 2016 ยท (Permalink)
If you take the combination of all possible positions of the bits on a few megabyte file, somewhere you have a photorealistic picture of Jennifer Lawrence going down on Emma Watson (you'd actually have a lot of them)...
You'd also have a picture of you mother getting dp'ed by Mr. T and Bill Clinton.
tmking9 ยท 1 points ยท Posted at 08:01:37 on June 23, 2016 ยท (Permalink)
And we are back to the Library of Bable
Cheesemacher ยท 1 points ยท Posted at 11:11:33 on June 23, 2016 ยท (Permalink)
Or you formatted your drive and had it filled with random bits, and by lucky chance it now contained PDF files with all the secrets of the universe. Of course you could never verify if everything there is true.
its-my-1st-day ยท 2 points ยท Posted at 02:02:45 on June 23, 2016 ยท (Permalink)*
My first thought was actually Roulette at a casino, works out to only need 4 correct numbers.
You got me thinking though, what are the odds of my thought working vs yours?
Assumptions:
My roulette table has no limit, and has 2 "0" spaces (0, & 00) for a total of 38 spaces.
Your lottery has 46 numbered balls, and no repeats (so not powerball - a quick google has shown me that your lotteries have closer to ~70 balls, but I'm happy to be conservative and assume you've found a lottery with less balls.)
The odds of hitting the correct number in roulette 4 times in a row would be
1/38 * 1/38 * 1/38 * 1/38 = 1/2,085,136
The odds of picking the correct lottery numbers would be
1/[(46 * 45 * 44 * 43 * 42 * 41) / (6 * 5 * 4 * 3 * 2 * 1)] =
1/[(6,744,109,680) / (720)] = 1/9,366,819
(if we assumed 70 balls it'd be 1/131,115,985)
Which says to me that you're roughly 4.5 - 62.5x more likely to win the Million on roulette than winning a lottery jackpot (but you're also probably gonna be winning 4.5 - 62.5x more lol).
forwhateveritsworth4 ยท 1 points ยท Posted at 06:53:03 on June 23, 2016 ยท (Permalink)
/r/TheyDidTheMath
L1amas ยท 1 points ยท Posted at 13:01:27 on June 23, 2016 ยท (Permalink)
I've spent hundreds of hours on a spreadsheet with all the past lottery drawings and all kinds of complicated analytics to help me determine the best probable outcome of the next drawing. I haven't won (yet), obviously, but I like to think my chance has increased. Even if I increased my odds of winning by 10 times, 10 times almost zero is still almost zero.
its-my-1st-day ยท 1 points ยท Posted at 02:40:40 on June 24, 2016 ยท (Permalink)
If you're trying to predict balls that'll come up, I doubt you'll have much luck influencing anything...
But what you could do, is analyze number combinations that aren't picked as often...
Regardless of the numbers you pick, there's an essentially equal chance of them being the winners at the time of the drawing.
So if you pick a combination that others pick less often, you're less likely to split a jackpot if you were to win.
Doesn't make you more likely to win, but it does increase your payout a bit if you do stumble upon the correct numbers.
[deleted] ยท 1 points ยท Posted at 01:31:15 on June 23, 2016 ยท (Permalink)
unless you live in illinois
monkey_scandal ยท 1 points ยท Posted at 03:14:43 on June 23, 2016 ยท (Permalink)
Dude the Mega Millions is almost pushing 400 mil now.
[deleted] ยท 1 points ยท Posted at 23:06:35 on June 22, 2016 ยท (Permalink)
Ah, the idiot tax.
TACD99 ยท 560 points ยท Posted at 20:19:14 on June 22, 2016 ยท (Permalink)
There exists a one-time pad that, if applied to this thread, would decrypt it into a detailed description of the actions you need to take to become a millionaire in a day. You just don't know what it is.
lucid_p4nix ยท 46 points ยท Posted at 20:24:43 on June 22, 2016 ยท (Permalink)
I guess there are multiple OTPs for that....
sheephunt2000 ยท 15 points ยท Posted at 21:28:20 on June 22, 2016 ยท (Permalink)
Brings rabid shipping to a new level.
[deleted] ยท 6 points ยท Posted at 23:14:56 on June 22, 2016 ยท (Permalink)
Tormund x Brienne?
mrwazsx ยท 14 points ยท Posted at 21:51:45 on June 22, 2016 ยท (Permalink)
Also a set of rgb values of a small screen containing the actions in view.
alienpirate5 ยท 1 points ยท Posted at 07:35:09 on June 23, 2016 ยท (Permalink)
https://babelia.libraryofbabel.info/
CmdrBratwurst ยท 95 points ยท Posted at 21:34:17 on June 22, 2016 ยท (Permalink)
The number PI contains that description ASCII encoded.
jacer21 ยท 57 points ยท Posted at 22:10:33 on June 22, 2016 ยท (Permalink)*
This is assuming that pi is normal or disjunctive which hasn't been proven
kingrobert ยท 44 points ยท Posted at 00:30:42 on June 23, 2016 ยท (Permalink)
the proof for it is also ASCII encoded in PI
oddark ยท 2 points ยท Posted at 02:58:37 on June 23, 2016 ยท (Permalink)
well.......
sh41 ยท 2 points ยท Posted at 07:39:10 on June 23, 2016 ยท (Permalink)
Plain ASCII? It seems so wasteful, why not gzip compress it at least.
isaidthisinstead ยท 1 points ยท Posted at 10:14:22 on June 23, 2016 ยท (Permalink)
The guy who invented the circle wanted to hash keywords from ascii-pi, but was too darn lazy to unzip and rezip on the way.
If he'd used gzip, the modern wheel on most cars would be 37% more efficient than they are today.
Makes me angry thinking about how that initial laziness cost us all so much.
There was a patched version of the circle in Solaris, but it didn't catch on.
edrudathec ยท 1 points ยท Posted at 03:44:47 on June 23, 2016 ยท (Permalink)
probably.
EndTheBS ยท 2 points ยท Posted at 07:51:02 on June 23, 2016 ยท (Permalink)
How can an irrational number not be normal and disjunctive?
sirxez ยท 3 points ยท Posted at 09:15:29 on June 23, 2016 ยท (Permalink)
Proof by example: 0.3030030003... is irrational but not disjunctive nor normal. QED
iamplasma ยท 129 points ยท Posted at 21:54:10 on June 22, 2016 ยท (Permalink)
While probable, that hasn't been proven yet.
[deleted] ยท 1 points ยท Posted at 03:02:05 on June 23, 2016 ยท (Permalink)
Could it be proven? That pi or another number behaves like that?
iamplasma ยท 1 points ยท Posted at 03:07:38 on June 23, 2016 ยท (Permalink)
It could.
Plenty of others have given replies already with examples of infinite non-repeating sequences that do not contain all possible sequences.
A simple example of one that can be trivially seen to include all possible sequences is 0.12345678910111213... (i.e. every number in order).
PM_ME_UR_VAGINA_YO ยท 1 points ยท Posted at 03:45:25 on June 23, 2016 ยท (Permalink)
If its infinite and non repeating, wont it eventually contain everything though? You may have to go several googlilian digits, but eventually it should have everything, right?
iamplasma ยท 10 points ยท Posted at 03:57:17 on June 23, 2016 ยท (Permalink)
No.
Consider the sequence 1.101001000100001... (that is, each 1 is followed by one more 0s than the 1 before it). That sequence will never repeat, and is infinite, but it will never contain anything other than 0s and 1s, and even then only very basic arrangements of them, no matter how far you go.
[deleted] ยท 0 points ยท Posted at 22:02:27 on June 22, 2016 ยท (Permalink)*
[deleted]
yen223 ยท 22 points ยท Posted at 22:20:46 on June 22, 2016 ยท (Permalink)
They haven't proven that the digits of Pi contains every possible finite sequence.
mrwillingum ยท 2 points ยท Posted at 22:34:46 on June 22, 2016 ยท (Permalink)
Is there an end to possible finite sequences?
underdog_rox ยท 3 points ยท Posted at 22:42:09 on June 22, 2016 ยท (Permalink)
No. You can always add another number on the end and its a new sequence.
mrwillingum ยท -2 points ยท Posted at 22:43:50 on June 22, 2016 ยท (Permalink)
Right. So there's no way to actually capture all possible finite sequences. Because no such list exists.
yen223 ยท 8 points ยท Posted at 23:04:07 on June 22, 2016 ยท (Permalink)
It's really easy to construct a number that captures all possible finite sequences. It's called the Champernowne constant
We don't know whether pi shares the same properties.
jywn4679 ยท 2 points ยท Posted at 23:02:53 on June 22, 2016 ยท (Permalink)
There are numbers that contain every possible finite list of digits (in fact almost all numbers have this property).
jacer21 ยท 2 points ยท Posted at 23:49:38 on June 22, 2016 ยท (Permalink)*
Think of it this way: given a normal number, if you told me to find the sequence '01230' in it, I'd be able to find it. Similarly, if you told me to find the sequence '0123048363', I'd also be able to find it. Same with '0123048363837326'. The point is, there is no finite sequence that I wouldn't be able to find. Hence it must contain all sequences.
I think an appropriate analogy is the number line. I hope you can agree that the number line contains all possible numbers, even though no complete 'list' of numbers exists. There is no finite number that is not on the number line.
darkguitarist ยท -4 points ยท Posted at 23:18:11 on June 22, 2016 ยท (Permalink)
because it's not possible. just like it's not possible to prove gravity exists or evolution is a phenomenon. just because it's a mathematical theory does not make it untrue.
Schmetlappio ยท 3 points ยท Posted at 23:31:18 on June 22, 2016 ยท (Permalink)
I don't think you understand physics or biology that well to be making a statement like that.
darkguitarist ยท 1 points ยท Posted at 04:16:48 on June 23, 2016 ยท (Permalink)
Biology, yes. Physics, not at all.
Asterix1806 ยท 3 points ยท Posted at 00:40:36 on June 23, 2016 ยท (Permalink)
Falsest of all false equivalences. While natural sciences always work with a certain degree of uncertainty with their theories, math never ever does so.
Theories in math are always either absolutely true, absolutely false, or their truth value is undefined.
This is because math works with axioms - statements that are assumed true without argument. Real numbers can be added up because I say so. There exists an empty set because I say so. There is no such thing as negative probability - because I say so.
All mathematical theories are constructed based on axioms like these.
Natural scientists don't have axioms, because unlike mathematicians, they don't get to choose the rules of the world they're investigating. They don't even get to see the rules. Their entire job is trying to guess those rules based on experiments. From a mathematician's perspective, natural scientists are doing the whole thing backwards.
Now, on the subject of pi, you are making the bold claim that it can't be proven whether pi contains all possible sequences of numbers. I'm going to prove you wrong.
You see, when you're claiming the result is unprovable, you're claiming that the result is independent of the set of axioms we use - presumably the real number axioms, complex number axioms, and the definition of pi.
This implies that we are free to decide the truth. We can write a totally new axiom that either says that pi contains all possible number sequences or alternately we can write an axiom that says the opposite: that it doesn't.
And either of these axioms would be consistent with what we know about pi so far, but they'd still add new information to the mix, because otherwise they wouldn't really be new axioms after all.
However, it is clear that the two pis these axioms create would be entirely different. One pi would have all possible sequences. One wouldn't.
So which is the real pi? Because it obviously can't be both. But then, it has to be, because pi was already rigorously defined as one and only one particular number before these axioms ever came along.
We have a contradiction. And the contradiction is a direct logical result of assuming that it's undefined whether pi contains all sequences or not.
Therefore, by contraposition, we now know that pi does indeed either have all possible sequences or it doesn't.
darkguitarist ยท 1 points ยท Posted at 04:16:16 on June 23, 2016 ยท (Permalink)
That's really interesting. You know, every time I try to make a mathematical statement on Reddit I get my ass handed to me. I went all the way up to calculus in high school and I thought that was high up but I know nothing about theoretical mathematics. I do know a decent amount about natural sciences from a year in college so far but I didn't realize the difference. The nature of irrational numbers is kind of baffling.
Asterix1806 ยท 1 points ยท Posted at 11:26:01 on June 23, 2016 ยท (Permalink)*
University math is fascinating that way. The first thing they teach you is the concept of the axiom, and how to use them, and only them, to arrive to a conclusion.
The first things you get to prove are usually maddening: they sound obvious, but are really tough to prove with the tiny set of tools you have.
I'll give an example of a typical exercise:
A tough puzzle, huh? That's uni math. If it sounds exciting, maybe see if you could study it.
Switching subjects, since you mentioned the irrationals, you might be interested in knowing that there exists precisely one axiom we can point to that makes them a thing. Without this axiom we'd be like ancient Pythagoreans who only believed in rationals. It's the completeness axiom.
The completeness axiom states the following:
Sounds obvious, as it should, but it might not be clear how it leads to irrational numbers. Well, I'll give an example.
Presume we have a set, A, that includes all real numbers as long as those reals, r, satisfy the condition that r2 <2. So A is actually the set of all numbers from -sqrt(2) to sqrt(2).
Now, we know that 102 =100 >2, and 02 =0 <2. This means that A certainly has an upper bound, because it is bounded by 10, and it certainly isn't empty, because 0 is included in the set.
Therefore the completeness axiom tells us that the set has a least upper bound. This upper bound happens to be sqrt(2). Because it is the least upper bound, it must exist. Thus sqrt(2) is a real number.
Similarly, as a bit more advanced example, you could prove the existence of pi by creating a sequence, where every nth member is just pi up to n decimal places. So it looks like (Pi)=3; 3.1; 3.14; 3.141;... Now, a sequence isn't strictly speaking a set, but you can make a set out of its members.
Anyway, it is clear that this set isn't empty, because 3 for example is in there, and it has an upper bound, like the number 4 for example. Therefore it has a least upper bound, which happens to be pi. Therefore pi too is a number.
Alphaetus_Prime ยท 13 points ยท Posted at 22:17:28 on June 22, 2016 ยท (Permalink)
The decimal representation of 1/3 is infinite too, but it's pretty easy to prove it's not normal.
iTotzke ยท 3 points ยท Posted at 22:44:46 on June 22, 2016 ยท (Permalink)
That's different because it is repeating. The digits of pi never repeat.
The counter example you'd need is:
0.1010010001000010000001...
Alphaetus_Prime ยท 1 points ยท Posted at 23:26:18 on June 22, 2016 ยท (Permalink)
Yes, I know that. But all they said was that it had to be because it was infinite. 1/3 is a much simpler counterexample to that.
Masume90 ยท 6 points ยท Posted at 22:19:00 on June 22, 2016 ยท (Permalink)
That's a pretty bold mathematical statement...
zably ยท 6 points ยท Posted at 22:20:16 on June 22, 2016 ยท (Permalink)
Probably, but technically just because it's infinite does not necessarily mean it contains every possible combination. As an easy example, 0.101001000100001... with the number of 0's between each 1 increasing forever, has an infinite, non-repeating number of decimals, but never contains a "2."
DarthEru ยท 6 points ยท Posted at 22:20:25 on June 22, 2016 ยท (Permalink)
That's trivially false. It's entirely possible to disprove things about infinite sequences. For example, I can disprove the claim that there is any integer n for which every digit of pi m>n is 3, by referencing one of the proofs of pi's irrationality, and then observing that the claim would mean pi is rational.
Solmundr ยท 3 points ยท Posted at 23:10:31 on June 22, 2016 ยท (Permalink)*
There is some integer n, for which every digit of pi m which is greater than n, is 3? Although not true, I don't see how this would require that pi be rational. (Compare: there is some integer n such that every digit of pi m > n is 9.)
I have probably misunderstood, however.
DarthEru ยท 2 points ยท Posted at 00:14:07 on June 23, 2016 ยท (Permalink)
It would be rational because it could be expressed as the sum of two rational numbers:
(314.../10x) + (1/(3*10x), x=n-1
Where the numerator of the first term is the first n digits of pi.
The number 3 isn't special, it could be any repeating pattern caused by a fraction, I just picked 3 as an easy example.
As an aside, your comparison of a repeating 9 is interesting, because such a hypothetical pi would actually be equal to
(314.../10x) + (1/(10x), x=n-1
Because 0.999999... = 1.
Solmundr ยท 2 points ยท Posted at 02:12:30 on June 23, 2016 ยท (Permalink)
Oh, I see what you're saying. I thought that you meant "for every single digit in pi m which is greater than n, m = 3" -- thus my example, which was meant to show that you could formulate a version that would always be true (because 9 will always be greater than any other single digit; n = 8 in this case).
But you're actually saying -- if I read you right this time, heh -- that "at some position > n, all following numbers will be 3", and finding a contradiction from there.
Neat proof; thanks for elaborating!
DarthEru ยท 2 points ยท Posted at 02:30:19 on June 23, 2016 ยท (Permalink)
Ah, I see. Yeah, I worded it pretty poorly, sorry for the confusion. And yeah, you get what I was trying to say now :).
jacer21 ยท 1 points ยท Posted at 22:24:46 on June 22, 2016 ยท (Permalink)
Well the number 0.111111... has infinitely many digits, and yet it does not contain every finite sequence
rudolfs001 ยท 1 points ยท Posted at 22:30:06 on June 22, 2016 ยท (Permalink)
Being an infinite sequence is not enough.
Here's an infinite sequence:
0.33333333333...
Pretty easy to show that it doesn't contain much hidden data.
To even try to make your claim, it must be infinite, and non-repeating, but even that's not enough.
Here's an infinite, non-repeating, sequence which can be proven to not have any real hidden data:
1.0100100010000...
MenudoMenudo ยท 2 points ยท Posted at 22:28:09 on June 22, 2016 ยท (Permalink)
And another version of the same information ASCII encoded, but in bawdy limerick form.
hog_master ยท 1 points ยท Posted at 00:46:15 on June 23, 2016 ยท (Permalink)
Can you eli5?
Arnox ยท 1 points ยท Posted at 02:17:31 on June 23, 2016 ยท (Permalink)
We know that Pi to the billionth digit appears completely random: all values from 0 to 9 appear an equal number of times (save for a little deviation) and there is currently no known method to predict the values or find any pattern.
Because of this, it's believed (but not mathematically proven) that Pi is an infinitely repeating collection of random numbers. If this is true, then every single possible combination of numbers will appear, and because we can translate those numbers into letters (1= A, 2 = B), at some point, the encoded ASCII description of how to become a millionaire in a day will appear.
Note that not only will it appear at some point, but it will appear an infinite number of times, given that Pi is an infinitely repeating collection of random numbers.
megablast ยท 0 points ยท Posted at 06:43:14 on June 23, 2016 ยท (Permalink)
Not true at all.
[deleted] ยท 4 points ยท Posted at 21:54:55 on June 22, 2016 ยท (Permalink)
Found the information theorist.
[deleted] ยท 7 points ยท Posted at 22:49:29 on June 22, 2016 ยท (Permalink)
Or just someone who knows what an XOR function is.
imgonnabutteryobread ยท 6 points ยท Posted at 23:14:32 on June 22, 2016 ยท (Permalink)
Well, either you know it XOR you don't.
[deleted] ยท 5 points ยท Posted at 23:59:45 on June 22, 2016 ยท (Permalink)
You don't (not (know it and not (know it and not know it)) and not (not know it and not (know it and not know it))).
grandpianotheft ยท 1 points ยท Posted at 23:44:27 on June 22, 2016 ยท (Permalink)
It's already in the library, just find the right page: https://libraryofbabel.info/
https://www.wikiwand.com/en/The_Library_of_Babel
Pandiosity_24601 ยท 1 points ยท Posted at 03:58:44 on June 23, 2016 ยท (Permalink)
There's a website that can locate your birthday or any other set of numbers in pi: www.mypiday.com
AmorphouSquid ยท 148 points ยท Posted at 18:07:54 on June 22, 2016 ยท (Permalink)
there's also a set of finite actions that would make you the richest person in history
Yesheddit ยท 173 points ยท Posted at 22:04:54 on June 22, 2016 ยท (Permalink)
... Killing everybody else?
solarbabies ยท 86 points ยท Posted at 22:25:39 on June 22, 2016 ยท (Permalink)
That would just make you the richest person in the world, not necessarily in history. Unless you have a time machine and you really do mean to kill everybody who ever lived.
Zhared ยท 38 points ยท Posted at 22:55:57 on June 22, 2016 ยท (Permalink)
Until I proclaim that I own Earth, and there's no one left to disagree. Or, is nothing worth anything if there's no one to sell it to...?
TheRealWellspring ยท 15 points ยท Posted at 23:21:16 on June 22, 2016 ยท (Permalink)
But at that point, are you really any richer than any given animal on the planet?
LaziestRedditorEver ยท 8 points ยท Posted at 23:38:31 on June 22, 2016 ยท (Permalink)
You can teach monkeys the value of money. I'll be richer than monkeys for all I care!
fatman47 ยท 4 points ยท Posted at 00:53:37 on June 23, 2016 ยท (Permalink)
This is when you discover that friendship was the real treasure all along.
ryan_770 ยท 2 points ยท Posted at 01:52:20 on June 23, 2016 ยท (Permalink)
After you've... you know... killed everyone.
[deleted] ยท 3 points ยท Posted at 23:32:02 on June 22, 2016 ยท (Permalink)
I think you're second part is right. Money is only good for buying goods and services right? If no one is making goods or offering services, then in reality you're poor.
[deleted] ยท 1 points ยท Posted at 00:23:25 on June 23, 2016 ยท (Permalink)
Network Value
the_luxio ยท 1 points ยท Posted at 23:42:29 on June 22, 2016 ยท (Permalink)
Things still have their intrinsic value. Food, shelter etc. are still very valuable even without anyone else on the planet
culasthewiz ยท 18 points ยท Posted at 23:06:57 on June 22, 2016 ยท (Permalink)
You just take everyone else's money after you kill them. Then you'd be the richest in history.
NeilTR ยท 3 points ยท Posted at 00:35:37 on June 23, 2016 ยท (Permalink)
Jet Li in The One Percent?
Akoustyk ยท 2 points ยท Posted at 01:12:56 on June 23, 2016 ยท (Permalink)
I guess that depends on how you measure worth. Technically, if you kill everyone, you own everything that exists on planet earth, which would make you the wealthiest in terms of physical assets that belong to you. Although they would have lost a lot of "value" or use, in terms of no longer being functional because nobody can run anything.
Also, nothing would technically possess any monetary value, because there is nobody willing to pay any amount of money for anything.
zlatta ยท 2 points ยท Posted at 03:10:02 on June 23, 2016 ยท (Permalink)
Who controls the past controls the future; who controls the present controls the past.
ForgottenPotato ยท 2 points ยท Posted at 23:00:39 on June 22, 2016 ยท (Permalink)
History is written by the victors
solarbabies ยท 2 points ยท Posted at 23:07:47 on June 22, 2016 ยท (Permalink)
Very true! Point taken.
amakudaru ยท 1 points ยท Posted at 23:07:26 on June 22, 2016 ยท (Permalink)
But if you killed everyone who ever lived, you cease to exist too.
CuddlePirate420 ยท 1 points ยท Posted at 23:31:07 on June 22, 2016 ยท (Permalink)
If you go by percentages, then you would be the richest in history. Owning 100% of everything is richer than anyone has ever been. And if you're the only one left, then by definition you own everything.
wallofeden ยท 1 points ยท Posted at 01:59:30 on June 23, 2016 ยท (Permalink)
Well once you kill everyone you of course have all of their assets, making you by far the richest person in history.
Pine21 ยท 1 points ยท Posted at 07:14:07 on June 23, 2016 ยท (Permalink)
After killing them just take all their stuff.
hogger85 ยท 1 points ยท Posted at 11:44:34 on June 23, 2016 ยท (Permalink)
There is more money around now that at any point in history (due to ever expanding economies and the bubble not yet bursting).
So if he collected all the money of those he killed he would be the best!!!!!
TheTommoh ยท 0 points ยท Posted at 23:33:51 on June 22, 2016 ยท (Permalink)
Ah yes, but if everyone else is dead, you can claim the world and everything in it, including all the money. Even the money stuck in vaults would be yours.
Devildude4427 ยท 1 points ยท Posted at 22:33:02 on June 22, 2016 ยท (Permalink)
Well, yes, but you have to kill on the right order you see, otherwise you'll be killed before you can reach your goal.
greenmoonlight ยท 1 points ยท Posted at 23:00:51 on June 22, 2016 ยท (Permalink)
Money would suffer extreme inflation if there was no one but yourself selling things on the market. Adjusting for inflation, you would be quite poor even if you stole everybody's life savings.
ExpertOnAppropriate ยท 1 points ยท Posted at 23:43:36 on June 22, 2016 ยท (Permalink)
I'm no economy expert, but wouldn't that make money worthless?
crazy_clown_cart ยท 1 points ยท Posted at 03:30:09 on June 23, 2016 ยท (Permalink)
This kills the economy.
[deleted] ยท 2 points ยท Posted at 01:38:26 on June 23, 2016 ยท (Permalink)
[deleted]
PostNationalism ยท 1 points ยท Posted at 05:31:16 on June 23, 2016 ยท (Permalink)
YES!! but i live in an apartment..
EagerSleeper ยท 1 points ยท Posted at 04:14:13 on June 23, 2016 ยท (Permalink)
Learn programming.
Create next Minecraft.
Do that a few more times.
AP246 ยท 0 points ยท Posted at 19:05:00 on June 23, 2016 ยท (Permalink)
Not necessarily. It might be literally impossible, there may be literally no way it could happen.
redditpirateroberts ยท 411 points ยท Posted at 20:30:29 on June 22, 2016 ยท (Permalink)
Invest in pumpkins come early october. They will rise through october and peak in january.
HooptyDooDooMeister ยท 100 points ยท Posted at 21:17:07 on June 22, 2016 ยท (Permalink)
Simpsons reference
RareAndWellDone1 ยท 1 points ยท Posted at 00:36:00 on June 23, 2016 ยท (Permalink)
Wish I could up vote this more than once
Venom349 ยท 5 points ยท Posted at 02:00:19 on June 23, 2016 ยท (Permalink)
Easy /u/Unidan
[deleted] ยท 1 points ยท Posted at 02:22:14 on June 23, 2016 ยท (Permalink)
[deleted]
redditpirateroberts ยท -1 points ยท Posted at 02:22:39 on June 23, 2016 ยท (Permalink)
i like sex
redditpirateroberts ยท 3 points ยท Posted at 02:22:46 on June 23, 2016 ยท (Permalink)
is nice
fish-fingered ยท 1 points ยท Posted at 05:34:46 on June 23, 2016 ยท (Permalink)
Will I have enough to buy a hammer afterwards?
RareAndWellDone1 ยท -3 points ยท Posted at 00:35:29 on June 23, 2016 ยท (Permalink)*
No credit to the source? This should be a down vote - me Edit: I am the source
kane2742 ยท 3 points ยท Posted at 02:21:08 on June 23, 2016 ยท (Permalink)
Not creditin' the source? Oh, you better believe that's a paddlin'.
redditpirateroberts ยท 1 points ยท Posted at 00:42:00 on June 23, 2016 ยท (Permalink)
fair enough, my bad. all heil homer simpson.
Max_TwoSteppen ยท 0 points ยท Posted at 06:50:32 on June 23, 2016 ยท (Permalink)
>Bitches about no source
>Doesn't provide a source
RareAndWellDone1 ยท 1 points ยท Posted at 16:59:33 on June 23, 2016 ยท (Permalink)*
How rude! -stephanie tanner
no_downside ยท 120 points ยท Posted at 20:36:57 on June 22, 2016 ยท (Permalink)
the roulette table
lappro ยท 94 points ยท Posted at 21:31:31 on June 22, 2016 ยท (Permalink)
Surprised it is this far down. It would take just 4 bets when starting with $1.
It would even get you closer to 2 million than 1 million as well.
ediblesprysky ยท 66 points ยท Posted at 22:19:01 on June 22, 2016 ยท (Permalink)*
Could you elaborate? Apparently I don't understand roulette as well as I thought I did.
EDIT: OKAY, I get it, roulette pays out 35:1. This is the key piece of information I was missing. Thank you Reddit; now you can just upvote the thousand other people who explained it to me rather than explaining it anew...
Ecto-1A ยท 57 points ยท Posted at 22:31:37 on June 22, 2016 ยท (Permalink)
Single number bets pay 35 to 1 so first bet of $1 would make you $36, bet that $36 on one number and you would get $1,296 bet all that on one number and get $46,656, bet all that is n 1 number and you would win $1,679,616. Only problem is that most casinos have a $5,000 max bet on a single number bet, and your odds of picking the correct number out of 36(technically 38 including 0 and 00) four times in a row is more math than I would like to continue doing.
dzibanche ยท 60 points ยท Posted at 22:51:21 on June 22, 2016 ยท (Permalink)
1/384 . Or 1 out of 2,085,136. Or 0.00005%. Actually not that bad when compared to lottery odds.
6andahalfGrapples ยท 23 points ยท Posted at 00:28:19 on June 23, 2016 ยท (Permalink)
Great, now my gambling addiction is flairing up.
[deleted] ยท 21 points ยท Posted at 02:04:00 on June 23, 2016 ยท (Permalink)*
[deleted]
6andahalfGrapples ยท 2 points ยท Posted at 02:05:38 on June 23, 2016 ยท (Permalink)
Exactly. And if you don't win off that dollar, it's ok to bet again because you'll GET 35 others if you win which of course you're gonna win the next spin.
Maoman1 ยท 2 points ยท Posted at 03:44:17 on June 23, 2016 ยท (Permalink)
Gambling is fine so long as you decide on an amount to gamble before you even leave your house and never exceed that amount. If you walk in with 100$ and walk out with 0 but had a good time, it's not a big deal. If you walk in with 100$ and walk out having withdrawn another 2000 from your savings account but still having 0 left over... kind of a big deal.
[deleted] ยท 1 points ยท Posted at 01:41:25 on June 23, 2016 ยท (Permalink)
Except at gamble 4, you're getting over $40,000. That's 40,000 lottery tickets right there. Learn to invest, son.
MrBlok ยท 1 points ยท Posted at 03:35:54 on June 23, 2016 ยท (Permalink)
Yes but a lottery ticket doesn't cost you $5000 if you lose
Anti-AliasingAlias ยท 1 points ยท Posted at 03:54:29 on June 23, 2016 ยท (Permalink)
Wait it doesn't? Shit...
Spishal_K ยท 9 points ยท Posted at 22:53:05 on June 22, 2016 ยท (Permalink)
1 in 1.67 million. Which working backward (assuming you have 1.5 mil on hand and are looking to win another 1.5 mil) is actually decent odds.
EisenheimGaming ยท 1 points ยท Posted at 23:07:54 on June 22, 2016 ยท (Permalink)
One 0 in French/European roulette
Two 0 in American Roulette
Three 0 in Mexican Roulette
TL:DR : If you have the possibility, only play French/European roulette.
bruisedunderpenis ยท 1 points ยท Posted at 23:44:10 on June 22, 2016 ยท (Permalink)
You're almost there though! Here, I'll get you started: 1/(38 * 38 * 38 * 38)
Metaprinter ยท 1 points ยท Posted at 01:26:59 on June 23, 2016 ยท (Permalink)
i must be the lukiest guy on earth cause ive hit 4x on the wheel and seen others do it as well... arent the odds always 1:38 and not exponential? (american 00)
flame3457 ยท 1 points ยท Posted at 01:42:15 on June 23, 2016 ยท (Permalink)
So one you win the 36$, instead of betting it all.. Would it not make more sense to go back to betting 1$? (You would have 36 chances instead of betting it all)
bartonar ยท 1 points ยท Posted at 05:44:13 on June 23, 2016 ยท (Permalink)
But then winning once, you're back at $36, where you started.
[deleted] ยท 1 points ยท Posted at 01:52:17 on June 23, 2016 ยท (Permalink)
Most casinos have a minimum inside bet, usually $10. You can bet it all on one number or increase your odds by spreading them over ten numbers to run your math ten times.
WhatTheF_scottFitz ยท 1 points ยท Posted at 02:45:48 on June 23, 2016 ยท (Permalink)
That makes me sad to see the numbers. Went to Vegas and hit on 18 three times in a row. I kept $4 on it but didn't let it ride, I think I added a couple after second hit and ended up winning $450 or something. I said 'what are the chances of that? My buddy told me to play red 18' and dealer just said 'are you sure it wasn't black 18?' Bitch.
rebel1331 ยท 24 points ยท Posted at 22:30:52 on June 22, 2016 ยท (Permalink)
Single number payouts are 35:1
$1 x 35 = $35 $35 x 35 = $1,225 $1,225 x 35 = $42,875 $42,875 x 35 = 1,500,625
spacecase89 ยท 6 points ยท Posted at 00:32:51 on June 23, 2016 ยท (Permalink)
35:1 means you get paid 35 and keep your dollar. They do not steal your original dollar.
its-my-1st-day ยท 3 points ยท Posted at 02:14:41 on June 23, 2016 ยท (Permalink)
Yup.
The payout is $36, the profit is $35
eep-op-orp-uh-huh ยท 1 points ยท Posted at 04:14:51 on June 23, 2016 ยท (Permalink)
This weekend in Vegas I saw a guy hit 4 numbers in a row . He compounded his bet partially and was calling the numbers . It was pretty amazing to watch . He ended up going a bit too big going for 5 in a row . He handed a few 100$ chips to the people who watched and walked away with over 30k in winnings.
Icko_ ยท 1 points ยท Posted at 22:35:13 on June 22, 2016 ยท (Permalink)
depending on where you bet, you get returns of 1:1, 1:2, ...., 1:36 So, you'd have $1, then $36, $36*36, and in 4 bets it would be > 1mln
dirtieottie ยท 1 points ยท Posted at 22:37:39 on June 22, 2016 ยท (Permalink)
If you bet (lets say $1) on a number and the number is picked by the ball, you get a total of 35 times that amount back ($35, including your original bet).
dirtieottie ยท 1 points ยท Posted at 22:37:39 on June 22, 2016 ยท (Permalink)
If you bet (lets say $1) on a number and the number is picked by the ball, you get a total of 35 times that amount back ($35, including your original bet).
thelurkingturk ยท 1 points ยท Posted at 22:38:45 on June 22, 2016 ยท (Permalink)
In Roulette, you have the option of choosing a single number, which pays out 35:1. The odds of hitting that number on any one spin is roughly 2.6%.
First bet: $1 > $35 Second bet: $35 > $1,225 Third bet: $1,225 > $42,875 Fourth bet: $42,875 > $1,500,625
HonoraryMancunian ยท 1 points ยท Posted at 22:39:56 on June 22, 2016 ยท (Permalink)
Each number pays 35/1, so that means: -
$1 ---> $36 (35x profit plus your stake back)
$36 ---> $1,296
$1,296 ---> $46,656
$46,656 ---> $1,679,616.
Millionaire in a couple of minutes. Simples.
almightyzam ยท 1 points ยท Posted at 23:38:06 on June 22, 2016 ยท (Permalink)
There are 37 numbers on a roulette wheel. Say you bet $1 that the ball will land on the number 7. If it does, the casino will pay you $37, because the odds of this event occurring was 1 in 37.
So now take that $37 you just won, and bet on number 7 again. Say you win, now you have $37 x $37 = $1369.
Repeat the bet with your $1369, and if you win, you have $1369 x $37 = $50653
On your fourth bet, if you take the $50653 and guess correctly again at 37:1 odds, the casino will pay $50653 x $37 = $1,874,161
its-my-1st-day ยท 1 points ยท Posted at 02:20:15 on June 23, 2016 ยท (Permalink)
Close, Casino pays $36 for a correct number pick.
The numbers on the wheel are 1 - 36 and 1 or 2 "0"s.
If the wheel just had 1 - 36, and the casino paid $36 for a correct pick, over time the casino should come out at $0.
As we all know the Casino is a money hungry beast, and it doesn't like trending towards $0, they like trending towards $lots, so they set up the payouts so that they'll pay out a teeny bit less than is probabilistically going to happen.
So they add the extra 0's, but don't up the payout.
So you're odds of winning are 1/38, but your payout is only 36/1 = House always wins.
EDIT: I could see a table having a 1/38, 37/1 setup, but every table I've personally seen is either 1/37, 36/1 or 1/38, 36/1 - I've never seen a 37/1 payout setup at roulette)
Swithbert ยท 1 points ยท Posted at 04:50:04 on June 23, 2016 ยท (Permalink)
I bet on columns. So the way I play is (with this scenario) put a dollar on two columns, one hits, pays 2:1 so I'd lose a dollar but gain 2 which puts me up by $1. Rinse and repeat.
theamorouspanda ยท 0 points ยท Posted at 22:28:57 on June 22, 2016 ยท (Permalink)
1 dollar on green. Winnings on green. Repeat 2 more times.
[deleted] ยท 0 points ยท Posted at 03:27:25 on June 23, 2016 ยท (Permalink)
35:1 odds ya kno?
PostNationalism ยท 0 points ยท Posted at 05:31:43 on June 23, 2016 ยท (Permalink)
it pays 35:1
[deleted] ยท 1 points ยท Posted at 22:19:58 on June 22, 2016 ยท (Permalink)
[deleted]
Wrekked_it ยท 1 points ยท Posted at 22:53:50 on June 22, 2016 ยท (Permalink)
Why would unlimited tables be illegal? Table limits are set by the casino, not by any laws. There are absolutely high stakes tables of every game in major casinos for the high rollers and casinos can typically take any bet they have the cash on hand to cover. So unless you are betting more than a casino has on the premises at the time of the bet (which if you are you should seriously reconsider), then yes, the bet would absolutely be legal.
GanjaBus ยท 1 points ยท Posted at 22:23:07 on June 22, 2016 ยท (Permalink)*
0.00000053 % chance of that happening. One in 1,874,161.
Edit: Fixed my outrageous numbers.
MrFluffehkins ยท 4 points ยท Posted at 22:25:35 on June 22, 2016 ยท (Permalink)
So you're saying there's a chance...
HonoraryMancunian ยท 1 points ยท Posted at 22:43:32 on June 22, 2016 ยท (Permalink)
Hitting a one-in-37 (or 38, depending on wether it's European or American roulette) four times consecutively has odds around one in two million.
Number1AbeLincolnFan ยท 1 points ยท Posted at 02:38:09 on June 23, 2016 ยท (Permalink)
Public table limits are typically like $5k at higher end casinos. To get any higher, you would already have to be a known high roller.
You could still become a millionaire winning every table maximum repeatedly, in theory, but it's guaranteed that you would be accused of cheating.
pulseout ยท 1 points ยท Posted at 03:17:13 on June 23, 2016 ยท (Permalink)
Bet everything on 23 using the fortress of solitude, it'll win every time
no_downside ยท 1 points ยท Posted at 17:15:25 on July 1, 2016 ยท (Permalink)
i'm culturally savvy enough to know this is a hitchhiker's guide to the universe reference (right?) but i haven't seen the movie and have only read the beginning of the book, which my short attention span bored of quickly, ...or wait. nvm, isn't it 42 with that book?
shit i dunno what the ref is broseph lol
anyway, i always bet on 4 or black. also all the bordering lines of 4. and occasionally multiples of 4. i realized long ago that changing your betting patterns is a recipe for hating yourself. if you never change your spots, you can't be too mad for missing. if you switch and miss, well.. fuck my life. lol
also i was born at 4:44 so it makes for an easy choice of a "lucky" number
pulseout ยท 1 points ยท Posted at 17:28:45 on July 1, 2016 ยท (Permalink)
It's actually a GameGrumps reference
no_downside ยท 1 points ยท Posted at 18:09:46 on July 1, 2016 ยท (Permalink)
ah ok. one of the many gaming channels i haven't check out. there are so many that i just stick with the ones i know unless reddit or some other entity convinces me otherwise.
i may be way off the mark, but is that the channel that has james rolfe? i feel like i saw a video years ago or i could easily be thinking of another channel (shit i may be thinking game theorists, which i also havne't watched)
AmiriteClyde ยท 1 points ยท Posted at 02:10:41 on June 23, 2016 ยท (Permalink)*
I always bet $2-$5 on (15) and (17), $1 on (0) and (00), then checkerboard the lower 1/3rd on the corners.
The corner bets on the lower third usually hit and offset my bet. This makes the game last longer. I play ot and double ot because i cringe when they hit and i didnt play them. 15 and 17 black have always hit well for me at the roulette tables and playing a few bucks is big money when they hit. When there is a long run of red or a run of black, I'll get in on that high stakes 50/50 action.
This strategy has worked for me more times than not, especially if my 15's and 17's come early. I usually play on the house and call it quits when I've blew what I came in to play (usually $100-200 depending on if my wife is with me). More times than not I'll walk out with around $400 consistently using that strategy.
Also for those intersted, a KISS (keep it simple stupid) strategy is play $5 on red. If you win, pocket your winning chip and rebet your original bet. If you lose, double your bet to $20. Lose again, double your bet to $40, $80, $160 etc. Once you win, you've broke even on your losing steak. Rebet original $5. Win and pocket your profit. I've don't this in Blackjack as well.
lostintransactions ยท 681 points ยท Posted at 21:35:35 on June 22, 2016 ยท (Permalink)
You see that woman over there? The unbelievably hot one?
In the right circumstance, with the right words, she could be yours.
this is what every guy has thought since the dawn of boobs
[deleted] ยท 349 points ยท Posted at 22:06:23 on June 22, 2016 ยท (Permalink)
The Bodaceous Era
DirectlyDisturbed ยท 136 points ยท Posted at 22:22:29 on June 22, 2016 ยท (Permalink)
Which lead to the Crustaceous Age
Luke_Orlando ยท 27 points ยท Posted at 22:41:40 on June 22, 2016 ยท (Permalink)
Gross... But funny.
dhshawon ยท 8 points ยท Posted at 22:23:55 on June 22, 2016 ยท (Permalink)
Boobasic Era
Taikwin ยท 3 points ยท Posted at 23:04:54 on June 22, 2016 ยท (Permalink)
A time when all creatures were excellent to one another.
Ps_ILoveU ยท 1 points ยท Posted at 03:07:40 on June 23, 2016 ยท (Permalink)
I prefer the Boobiferous Epoch.
IJustThinkOutloud ยท 107 points ยท Posted at 23:28:35 on June 22, 2016 ยท (Permalink)*
"There has to be some sort of combination of words I can use to explain to you.."
-Walter White, trying desperately to explain to his wife how being a meth distributor is OK.
edit: I'm just going to assume that since it takes more than a minute to log into reddit and reach my comment that it's been too long since you all have seen this https://www.youtube.com/watch?v=WzhW20hLp6M
ExpertOnAppropriate ยท 7 points ยท Posted at 23:44:51 on June 22, 2016 ยท (Permalink)
lol thanks for reminding, I really appreciated the engineering spirit of that one, as a non-STEM guy it made me instantly think of reddit
SomnambulisticTaco ยท 2 points ยท Posted at 02:23:46 on June 23, 2016 ยท (Permalink)
He never did quite say the right thing to her, did he?
"I AM THE ONE WHO KNOCKS, BITCH." Or something like that.
[deleted] ยท 2 points ยท Posted at 03:06:15 on June 23, 2016 ยท (Permalink)
He should've watched Breaking Bad, it does a pretty good job of explaining why Walter needed to do it
laddergoat89 ยท 1 points ยท Posted at 10:33:30 on June 23, 2016 ยท (Permalink)
Welp. Time to watch Breaking Bad again.
IJustThinkOutloud ยท 1 points ยท Posted at 10:43:06 on June 23, 2016 ยท (Permalink)
Gotcha :)
[deleted] ยท 60 points ยท Posted at 22:45:23 on June 22, 2016 ยท (Permalink)
Step 1: Be attractive.
cunning_linguist_69 ยท 37 points ยท Posted at 23:08:31 on June 22, 2016 ยท (Permalink)
Step 2: Don't be unattractive.
pizza_hut_throwaway ยท 1 points ยท Posted at 23:44:17 on June 22, 2016 ยท (Permalink)
Step 3: Repeat step 1
scottclowe ยท 1 points ยท Posted at 00:35:11 on June 23, 2016 ยท (Permalink)
Step 4: Profit!
skyskr4per ยท 1 points ยท Posted at 01:21:15 on June 23, 2016 ยท (Permalink)
Step 3: Don't be a flaccid octopus.
[deleted] ยท 1 points ยท Posted at 03:04:48 on June 23, 2016 ยท (Permalink)
Step 3: Never forget Step 1
Your_house_plant ยท 1 points ยท Posted at 06:18:02 on June 23, 2016 ยท (Permalink)
Step 3: Have money.
ghostbrainalpha ยท 0 points ยท Posted at 00:55:13 on June 23, 2016 ยท (Permalink)
Step 3: Tell her you have lots of money.
[deleted] ยท 2 points ยท Posted at 23:07:58 on June 22, 2016 ยท (Permalink)
Not necessarily. Personality can add greatly to someone's attractiveness.
That being said, it can also severely negate it.
[deleted] ยท 7 points ยท Posted at 23:12:09 on June 22, 2016 ยท (Permalink)
Well to "be attractive" doesn't necessarily mean strictly physically can be personality as well.
Silage ยท 1 points ยท Posted at 23:12:20 on June 22, 2016 ยท (Permalink)
In regards to step 1, could you elaborate?
[deleted] ยท 7 points ยท Posted at 00:03:28 on June 23, 2016 ยท (Permalink)
Don't be you.
scottclowe ยท 1 points ยท Posted at 00:35:43 on June 23, 2016 ยท (Permalink)
At least he's not a flaccid octopus.
[deleted] ยท 1 points ยท Posted at 00:36:59 on June 23, 2016 ยท (Permalink)
Would you rather have me be an erect octopus?
scottclowe ยท 2 points ยท Posted at 00:49:18 on June 23, 2016 ยท (Permalink)
I'd rather you be able to change states depending on your mood instead of commiting to one or the other.
[deleted] ยท 1 points ยท Posted at 00:52:48 on June 23, 2016 ยท (Permalink)
Well being flaccid is my default state.
doctorwhovian2 ยท 1 points ยท Posted at 02:24:43 on June 23, 2016 ยท (Permalink)
Same! Although that was different for a few years in there. My default state during mid puberty was erect.
t8manpizza ยท 4 points ยท Posted at 01:03:13 on June 23, 2016 ยท (Permalink)
So what, like 5th grade?
darien_gap ยท 2 points ยท Posted at 04:05:30 on June 23, 2016 ยท (Permalink)
Groundhog Day explored this idea. He eventually found the winning combination to sleep with the girl, but then was unable to repeat it once he knew it because he was trying too hard to duplicate it.
[deleted] ยท 1 points ยท Posted at 01:53:57 on June 23, 2016 ยท (Permalink)
Didn't the movie A Beautiful Mind use something like this when he meets his wife?
kane2742 ยท 1 points ยท Posted at 02:26:44 on June 23, 2016 ยท (Permalink)
I think this is the scene you're talking about, but it's not with his future wife (Jennifer Connelly's character).
Heavenly-alligator ยท 1 points ยท Posted at 08:09:10 on June 23, 2016 ยท (Permalink)
Pretty sure that still won't work for me with the kind of face I have
[deleted] ยท 1 points ยท Posted at 00:36:33 on June 23, 2016 ยท (Permalink)
[deleted]
aznanimality ยท 1 points ยท Posted at 01:09:10 on June 23, 2016 ยท (Permalink)
Those other things help a lot, but can confirm, I'm ugly as a baboon's behind but faking confidence has helped me hook up with some gorgeous women as well as have a few amazing girlfriends.
Lemminger ยท 0 points ยท Posted at 22:33:01 on June 22, 2016 ยท (Permalink)
Well it's not our fault, Eva ate the apple.
ExpertOnAppropriate ยท 0 points ยท Posted at 23:47:40 on June 22, 2016 ยท (Permalink)
I never thought that, what's wrong with me?
I didn't intend to get philosophical here, but simply from experience, a 10 is only a 10 if you put her on a pedestal and worship from below. As soon as you set up a game to go get it, it means you have already convinced yourself she is not outside of your reach, which gives you a serious playing chance, but at the same time that level of admiration is just gone.
Keyboard_Squats ยท 1 points ยท Posted at 02:42:00 on June 23, 2016 ยท (Permalink)
You can still hold that level of admiration and step up your game. The thing is you also have to bring up the level of admiration for yourself. That is the hard part for some.
[deleted] ยท -3 points ยท Posted at 02:46:27 on June 23, 2016 ยท (Permalink)
Yeah if you're Muslim you could just ask her dad and she would be yours. The western world is so cuck.
elementart ยท 226 points ยท Posted at 18:17:19 on June 22, 2016 ยท (Permalink)
set of finite actions<br>Rob a bank314mp ยท 122 points ยท Posted at 21:30:34 on June 22, 2016 ยท (Permalink)
Excuse me sir you dropped this /
ash286 ยท 51 points ยท Posted at 21:36:58 on June 22, 2016 ยท (Permalink)
No one uses xhtml anymore
Elronnd ยท 18 points ยท Posted at 21:50:37 on June 22, 2016 ยท (Permalink)
Excuse me?
Im_A_Prefectionist ยท 37 points ยท Posted at 21:55:19 on June 22, 2016 ยท (Permalink)
your excused
OsmanTheMan ยท 36 points ยท Posted at 22:44:24 on June 22, 2016 ยท (Permalink)
Ok then..
nvm then..
Coufu ยท 3 points ยท Posted at 02:26:36 on June 23, 2016 ยท (Permalink)
Prefection is hard to achieve
[deleted] ยท 1 points ยท Posted at 03:09:46 on June 23, 2016 ยท (Permalink)
BarkMark ยท 1 points ยท Posted at 23:08:53 on June 22, 2016 ยท (Permalink)
Perfectionist is spelled wrong too, and your comment makes it seem like that part is correct.
divad745 ยท 39 points ยท Posted at 22:04:07 on June 22, 2016 ยท (Permalink)
you're*
ecksate ยท 62 points ยท Posted at 22:38:19 on June 22, 2016 ยท (Permalink)
Nobody uses English anymore
divad745 ยท 16 points ยท Posted at 22:44:01 on June 22, 2016 ยท (Permalink)
His/her username is ironic
[deleted] ยท 2 points ยท Posted at 03:08:08 on June 23, 2016 ยท (Permalink)
It took me too long to realize you meant /u/Im_A_Prefectionist and there was no irony in /u/divad745's username
SkaggAteMyPappy ยท 0 points ยท Posted at 23:02:47 on June 22, 2016 ยท (Permalink)
And you're dyslexic apparently
Wrekked_it ยท 1 points ยท Posted at 22:48:01 on June 22, 2016 ยท (Permalink)
Excuuuuse mo?
eliochip ยท 1 points ยท Posted at 22:56:39 on June 22, 2016 ยท (Permalink)
ยฟcon permiso ?
DavidPH ยท 1 points ยท Posted at 23:37:35 on June 22, 2016 ยท (Permalink)
El que se fue a la villa perdiรณ su silla
alphama1e ยท 0 points ยท Posted at 22:16:32 on June 22, 2016 ยท (Permalink)
*you're
iamdigidude ยท 1 points ยท Posted at 22:38:00 on June 22, 2016 ยท (Permalink)
you're
HowlsDemonicHeart ยท 1 points ยท Posted at 22:50:35 on June 22, 2016 ยท (Permalink)
You're
iamdigidude ยท 1 points ยท Posted at 22:51:21 on June 22, 2016 ยท (Permalink)
GG no re
HowlsDemonicHeart ยท 1 points ยท Posted at 03:21:59 on June 23, 2016 ยท (Permalink)
Take it easy, dont ruin this feeling im gettin from you.
reagan2024 ยท 1 points ยท Posted at 00:45:57 on June 23, 2016 ยท (Permalink)
whose excused?
capseaslug ยท 1 points ยท Posted at 03:14:32 on June 23, 2016 ยท (Permalink)
Hey I'm not your excused, your excused.
_creative_name_here_ ยท 0 points ยท Posted at 23:00:02 on June 22, 2016 ยท (Permalink)
username doesn't check out
AppleBetas ยท 5 points ยท Posted at 00:21:09 on June 23, 2016 ยท (Permalink)
It does, though
Coppatop ยท 2 points ยท Posted at 00:10:54 on June 23, 2016 ยท (Permalink)
Dorsia? Nobody goes there anymore.
thegreatburner ยท 44 points ยท Posted at 22:06:19 on June 22, 2016 ยท (Permalink)
The average bank robber gets around $6k.
You dont need to rob a bank, you need a heist to be a millionaire.
manwith4names ยท 25 points ยท Posted at 23:03:23 on June 22, 2016 ยท (Permalink)
TIL bank robbers make below minimum wage
Przedrzag ยท 1 points ยท Posted at 08:26:59 on June 23, 2016 ยท (Permalink)
Bank robbing is strictly semi-professional.
PatrickBaitman ยท 1 points ยท Posted at 16:19:35 on June 23, 2016 ยท (Permalink)
So do most drug dealers.
jamesdmcmurry ยท 6 points ยท Posted at 01:44:15 on June 23, 2016 ยท (Permalink)
If you do all the heists in a row, in order, with the same crew, I think you get a $10 million bonus. So that seems like a solid way to go about it.
HaylingZar1996 ยท 3 points ยท Posted at 22:25:31 on June 22, 2016 ยท (Permalink)
That's because most bank robbers don't get near the vault, only the tills. If they had some inside knowledge it is possible to get into the vault where the real money is kept.
thegreatburner ยท 1 points ยท Posted at 16:35:52 on June 23, 2016 ยท (Permalink)
Exactly. Most just get money from 1 or 2 drawers.
xylotism ยท 3 points ยท Posted at 02:05:52 on June 23, 2016 ยท (Permalink)
Security-wise, any bank with a million dollars in cash is going to be virtually impossible to break into (and make it back out).
For stakes that high you might have an easier time with a corporate data breach.
Anti-AliasingAlias ยท 1 points ยท Posted at 03:57:47 on June 23, 2016 ยท (Permalink)
Or drugs. I hear there's good money in drugs.
xylotism ยท 1 points ยท Posted at 04:00:04 on June 23, 2016 ยท (Permalink)
No, the good drugs are hidden in the money.
thegreatburner ยท 1 points ยท Posted at 16:35:15 on June 23, 2016 ยท (Permalink)
Like I said, a heist. I never said anything about the target being a bank.
brickmaster32000 ยท 2 points ยท Posted at 02:19:01 on June 23, 2016 ยท (Permalink)
I don't think millionaires keep there money at home where it can be stolen. Pretty sure they keep it at a bank.
thegreatburner ยท 1 points ยท Posted at 16:34:47 on June 23, 2016 ยท (Permalink)
I never said anything about anyone's home. I said a heist. That can be anything from a valuable artifact, to gold bullion or anything highly valuable and it rarely includes cash.
wjwwjw ยท 2 points ยท Posted at 10:10:55 on June 23, 2016 ยท (Permalink)
Source?
thegreatburner ยท 1 points ยท Posted at 16:36:46 on June 23, 2016 ยท (Permalink)
I can get you one but just think about it. A vast majority of bank robbers, walk in, go to a open clerk, ask for the money in the drawer and leave. How much money do you think they keep in a single drawer?
[deleted] ยท 6 points ยท Posted at 22:41:04 on June 22, 2016 ยท (Permalink)
You can steal so much more if you own a bank.
Lyucit ยท 1 points ยท Posted at 22:56:53 on June 22, 2016 ยท (Permalink)
Or just call splitDAO and let the bank rob itself...
LoveandRockets ยท 1 points ยท Posted at 00:00:32 on June 23, 2016 ยท (Permalink)
In Groundhog Day he just uses perfect timing to walk up and steal a bag of money. You could do that.
carnold744 ยท 1 points ยท Posted at 01:29:19 on June 23, 2016 ยท (Permalink)
It would be very unlikely that a bank would be carrying a million in cash at any given point. Usually it's far less than that.
deterministic_guy ยท 1 points ยท Posted at 03:53:47 on June 23, 2016 ยท (Permalink)
Not actually that profitable.
[deleted] ยท 143 points ยท Posted at 21:58:20 on June 22, 2016 ยท (Permalink)*
[deleted]
scottclowe ยท 6 points ยท Posted at 00:37:24 on June 23, 2016 ยท (Permalink)
If the universe is a simulation, does it come with a Konami code?
mechatronic_ ยท 9 points ยท Posted at 02:13:25 on June 23, 2016 ยท (Permalink)
... Select, Start
[deleted] ยท 3 points ยท Posted at 03:59:00 on June 23, 2016 ยท (Permalink)
[deleted] ยท 2 points ยท Posted at 04:23:07 on June 23, 2016 ยท (Permalink)
didnt work, i tried it in r/outside
Jawertae ยท 1 points ยท Posted at 00:48:22 on June 23, 2016 ยท (Permalink)
Then press select and start the game and let me be your second player please.
Trinculoisdead ยท 1 points ยท Posted at 04:09:35 on June 23, 2016 ยท (Permalink)
I think that was one of the level codes on my old Gameboy.
ManOfHart ยท 1 points ยท Posted at 04:14:12 on June 23, 2016 ยท (Permalink)
My heart is always , Up, down, left, right, a, b, start !
[deleted] ยท 1 points ยท Posted at 01:55:14 on June 23, 2016 ยท (Permalink)
You forgot "start".
[deleted] ยท 2 points ยท Posted at 02:06:48 on June 23, 2016 ยท (Permalink)
Not actually part of the code.
csmh ยท 0 points ยท Posted at 00:49:32 on June 23, 2016 ยท (Permalink)
Command and Conquer Red Alert Money Cheat Code?
iamashedindisguise ยท 48 points ยท Posted at 21:06:00 on June 22, 2016 ยท (Permalink)*
1: http://downloadmoreram.com/
2: Sell RAM
3: ???
4: Profit
[deleted] ยท 11 points ยท Posted at 02:29:42 on June 23, 2016 ยท (Permalink)
[deleted]
never_grow_up ยท 2 points ยท Posted at 03:29:29 on June 23, 2016 ยท (Permalink)
Best thing I've ever seen.
SixtyEffPeeEss ยท 2 points ยท Posted at 09:55:33 on June 23, 2016 ยท (Permalink)
Holy shit, that final bit scared me
Agaeris ยท 4 points ยท Posted at 22:32:48 on June 22, 2016 ยท (Permalink)
You idoit. Nobody needs to buy RAM anymore, you can download it for free.
Darakath ยท 8 points ยท Posted at 03:39:19 on June 23, 2016 ยท (Permalink)
i do it
I DO IT
Agaeris ยท 3 points ยท Posted at 04:32:49 on June 23, 2016 ยท (Permalink)
your and idoit
iamashedindisguise ยท 2 points ยท Posted at 22:42:11 on June 22, 2016 ยท (Permalink)
There was supposed to be a link to that very site after 1... hmm. Fixed it now, thanks :)
[deleted] ยท 4 points ยท Posted at 00:17:02 on June 23, 2016 ยท (Permalink)
Okay, but how do I download more USB ports?
iamashedindisguise ยท 2 points ยท Posted at 07:24:49 on June 23, 2016 ยท (Permalink)
Sadly, there's absolutely definitely no way to do that just use the pirate bay shh
JosZo ยท 47 points ยท Posted at 21:21:57 on June 22, 2016 ยท (Permalink)
1 - buy lottery ticket
2 - fill in the correct number
krys2lcer ยท 14 points ยท Posted at 22:46:24 on June 22, 2016 ยท (Permalink)
Actually...
1- fill in correct numbers THEN 2- buy lottery ticket Or be lazy and use quick pick.
The majority of lotto winners are quick picks (computer generated selections) but the majority of lotto players use quick picks. So whatever
[deleted] ยท 2 points ยท Posted at 01:03:36 on June 23, 2016 ยท (Permalink)*
[deleted]
DidItForTheStory ยท 1 points ยท Posted at 01:55:05 on June 23, 2016 ยท (Permalink)
I don't know what to do with this information.
minibudd ยท 266 points ยท Posted at 22:15:35 on June 22, 2016 ยท (Permalink)
There exists a string of 1s and 0s that equate to a sex tape of me pounding Scarlett Johansson and Emma Watson.
Davis660 ยท 325 points ยท Posted at 23:05:26 on June 22, 2016 ยท (Permalink)
There exists another string of 1s and 0s that equates to the same thing, except you're missing a finger.
There exists another string of 1s and 0s that equates to a tape of Scarlett Johansson pounding Emma Watson while you cry in the corner facing the wall.
There exists another string of 1s and 0s that equates to what you described, except you are spiders and Scarlett Johansson is spiders and Emma Watson is spiders and everything is spiders and spider spiders spiders.
haxamin ยท 154 points ยท Posted at 23:26:55 on June 22, 2016 ยท (Permalink)
Yall muthafuckers need jesus.
DavidPH ยท 30 points ยท Posted at 23:42:11 on June 22, 2016 ยท (Permalink)
He's a great gardener
FertileLionfish ยท 1 points ยท Posted at 03:21:11 on June 23, 2016 ยท (Permalink)
Nah man he planted the wrong flowers.
beardl3ssneck ยท 1 points ยท Posted at 03:31:58 on June 23, 2016 ยท (Permalink)
Thank you Jesus for this food...
gun-nut ยท 1 points ยท Posted at 07:56:57 on June 23, 2016 ยท (Permalink)
God is the Gardener: Hugh B. Brown
root88 ยท 1 points ยท Posted at 13:52:42 on June 23, 2016 ยท (Permalink)
I think it's kinky enough the way it is.
AerandriaKhaleia ยท 1 points ยท Posted at 16:43:58 on June 23, 2016 ยท (Permalink)
FTFS
TheFakeGoat ยท -5 points ยท Posted at 00:35:58 on June 23, 2016 ยท (Permalink)*
[deleted]
Jk
Toshiro46 ยท 2 points ยท Posted at 02:38:17 on June 23, 2016 ยท (Permalink)
My finger slipped
livin4donuts ยท 31 points ยท Posted at 23:18:40 on June 22, 2016 ยท (Permalink)
You, uh... know the second one, bro? I'm just asking to see if it's, you know, the real deal.
mib_sum1ls ยท 1 points ยท Posted at 01:41:54 on June 23, 2016 ยท (Permalink)
That's my fetish.
ghostbrainalpha ยท 2 points ยท Posted at 00:57:40 on June 23, 2016 ยท (Permalink)
At the top of your post I was like that's why we need VR.
At the bottom I didn't want VR anymore.
Anti-AliasingAlias ยท 4 points ยท Posted at 04:06:52 on June 23, 2016 ยท (Permalink)
I predict a new wave of trolling when VR porn becomes popular. You're going to download Hot Teen Bank Tellers Gone Wild 32 and some asshole will have edited in millions of spiders right about when you're ready to make a deposit.
745631258978963214 ยท 4 points ยท Posted at 23:31:34 on June 22, 2016 ยท (Permalink)
I, too, was around for the legendary "what if everything was spiders?" askreddit thread.
Davis660 ยท 2 points ยท Posted at 23:32:59 on June 22, 2016 ยท (Permalink)
We never did find out what if Poland cannot into spiders.
dances_with_treez ยท 2 points ยท Posted at 23:48:43 on June 22, 2016 ยท (Permalink)
I really need a link to this.
FaultyTransistor ยท 2 points ยท Posted at 03:24:22 on June 23, 2016 ยท (Permalink)
Here you go: https://www.reddit.com/r/AskReddit/comments/2t73j8/what_if_everything_was_spiders/
Davis660 ยท 2 points ยท Posted at 00:07:49 on June 23, 2016 ยท (Permalink)
https://www.reddit.com/r/AskReddit/comments/2t73j8/what_if_everything_was_spiders/
zKITKATz ยท 4 points ยท Posted at 00:50:49 on June 23, 2016 ยท (Permalink)
You're evil.
noSoupp ยท 1 points ยท Posted at 03:22:34 on June 23, 2016 ยท (Permalink)
O_O
Davis660 ยท 1 points ยท Posted at 03:49:34 on June 23, 2016 ยท (Permalink)
That's the one you decided to be weirded out by?
rlaitinen ยท 1 points ยท Posted at 04:01:46 on June 23, 2016 ยท (Permalink)
Turned on by
-ffookz- ยท 1 points ยท Posted at 10:49:32 on June 23, 2016 ยท (Permalink)
Works for me.
OtisElden ยท 4 points ยท Posted at 23:01:18 on June 22, 2016 ยท (Permalink)
This man is thinking outside of the box!
Errr, matrix
HaPPYDOS ยท 1 points ยท Posted at 01:23:43 on June 23, 2016 ยท (Permalink)
There's a bit somewhere I'll become the Chosen One if it's flipped.
RequiemAA ยท 3 points ยท Posted at 23:20:22 on June 22, 2016 ยท (Permalink)
In that same string there also exists a sex tape of you disappointing Scarlett Johansson and Emma Watson.
SageWaterDragon ยท 3 points ยท Posted at 00:10:45 on June 23, 2016 ยท (Permalink)
I don't think that there is any permutation of bits that include a sex tape where I wasn't disappointing everyone involved.
minibudd ยท 1 points ยท Posted at 00:16:00 on June 23, 2016 ยท (Permalink)
you, too
timedragon1 ยท 2 points ยท Posted at 00:40:32 on June 23, 2016 ยท (Permalink)
It's called Fanfiction.
cwm44 ยท 2 points ยท Posted at 00:52:34 on June 23, 2016 ยท (Permalink)
Technology exists to create that sex tape, without you having sex with them.
Sk8tr_Boi ยท 2 points ยท Posted at 01:05:16 on June 23, 2016 ยท (Permalink)
Anything is possible using CGI nowadays.
clickwhistle ยท 2 points ยท Posted at 02:20:06 on June 23, 2016 ยท (Permalink)
That exact string of 1's and 0's is buried within Pi.
BringerOfGifts ยท 1 points ยท Posted at 03:03:48 on June 23, 2016 ยท (Permalink)
When we figure out how to replicate those 1's and 0's exactly, all video (and audio) evidence will be unreliable. Shit, even DNA will be able to be replicated and placed at crime scenes. The futures is going to be complicated.
QQuixotic_ ยท 1 points ยท Posted at 06:18:01 on June 23, 2016 ยท (Permalink)
Cool related video by VSauce
[deleted] ยท 367 points ยท Posted at 22:17:44 on June 22, 2016 ยท (Permalink)*
The truth is that you are already vastly rich, but you have not realized how. You are part of the apex predator species of an entire planet, with resources unimaginable to previous generations at your literal fingertips. You are almost certainly healthy, well fed and safe from attack. You are probably youthful, with few constraints on your time or movement options. You appear to be imaginative and creative, yet also logical and analytical. With those extraordinary assets almost anything is possible. You can move mountains with your thoughts, solve mysteries with your mind, create kingdoms as vast as the oceans with the conviction of your voice. You only have to choose the path that sets these powers free and harnesses them to your will.
zuqui23 ยท 65 points ยท Posted at 23:22:48 on June 22, 2016 ยท (Permalink)
oh man thats a really good words
gun-nut ยท 3 points ยท Posted at 07:59:31 on June 23, 2016 ยท (Permalink)
He should be a languager.
dirtieottie ยท 73 points ยท Posted at 22:46:56 on June 22, 2016 ยท (Permalink)
Yo man, you should be a motivational speaker. I am ready to kick. Ass!
SomnambulisticTaco ยท 7 points ยท Posted at 02:27:22 on June 23, 2016 ยท (Permalink)
Your punctuation between kick and "Ass!" made that inordinately funny
SelfDidact ยท 3 points ยท Posted at 03:41:54 on June 23, 2016 ยท (Permalink)
William Shatner School. Of Actingโข.
Midhav ยท 1 points ยท Posted at 03:54:27 on June 23, 2016 ยท (Permalink)
Like he called him an ass for motivating him.
Doritos2458 ยท 2 points ยท Posted at 00:29:39 on June 23, 2016 ยท (Permalink)
Interesting cuz im ready to keep redditting
[deleted] ยท 2 points ยท Posted at 01:59:18 on June 23, 2016 ยท (Permalink)
Kick a mystery mountain's ass with your mind!
SloppyJoe3 ยท 2 points ยท Posted at 15:37:54 on June 23, 2016 ยท (Permalink)
Hell yea. Me too
TheSAVAGEHipHop ยท 16 points ยท Posted at 00:11:47 on June 23, 2016 ยท (Permalink)
this whole thing is going to be my first tatoo (probably not, but i'm going to pretend it will be)
Saint947 ยท 9 points ยท Posted at 00:40:46 on June 23, 2016 ยท (Permalink)
It already is mine, and I wrote it in size 18 block text on my dick.
sssh ยท 5 points ยท Posted at 00:44:48 on June 23, 2016 ยท (Permalink)
Oh, you have 18 cockblocks, I'm sorry :(
[deleted] ยท 1 points ยท Posted at 05:05:37 on June 23, 2016 ยท (Permalink)
I will get this tattooed on my first born son's forehead
brickmaster32000 ยท 4 points ยท Posted at 02:22:41 on June 23, 2016 ยท (Permalink)
Wait is that something you guys can all do? Why did no one teach me how to do that?
protestor ยท 1 points ยท Posted at 03:40:30 on June 23, 2016 ยท (Permalink)
It's on VR actually. But if you pretend they are actual mountains then you can move mountains.
Stackhouse_ ยท 6 points ยท Posted at 23:42:44 on June 22, 2016 ยท (Permalink)
I use it to watch cats and memes
befellen ยท 2 points ยท Posted at 01:57:49 on June 23, 2016 ยท (Permalink)
That appears to be the long version of what the OP said. The only difference is that he acknowledges the difficulty in what you described as "You only have to choose the path..."
20person ยท 2 points ยท Posted at 02:14:39 on June 23, 2016 ยท (Permalink)
And yet we waste all this potential shitposting on Reddit.
killswitchrl ยท 1 points ยท Posted at 02:04:09 on June 23, 2016 ยท (Permalink)
Never thought of it like that. I'm still gonna go for winning roulette 4 times but damn this is good too
inshane_in_the_brain ยท 1 points ยท Posted at 02:17:08 on June 23, 2016 ยท (Permalink)
But where i start.
[deleted] ยท 1 points ยท Posted at 08:38:07 on June 23, 2016 ยท (Permalink)
Start with the end. It is hard to build a meaningful path if you do not know the destination. It is also hard to commit your vast wealth of skills, advantages and resources to that path unless the end is a shining palace you desire above all else. So, sit still and look into your mind, use your thoughts as microscopes, instruments to clarify what really drives you, what moves your soul and satisfies you. Then plot your journey. Do not be put off by lack of money or history or context; many small steps also reach the destination eventually.
inshane_in_the_brain ยท 1 points ยท Posted at 12:47:24 on June 23, 2016 ยท (Permalink)
the secret
Drawnut ยท 1 points ยท Posted at 02:22:05 on June 23, 2016 ยท (Permalink)
I'd be rich if I wasn't so distracted and sidetracked by the internet so much.
[deleted] ยท 1 points ยท Posted at 02:26:10 on June 23, 2016 ยท (Permalink)
[deleted]
HOOPSMAK ยท 1 points ยท Posted at 04:52:59 on June 23, 2016 ยท (Permalink)
you can, but you dont.
nikilz ยท 1 points ยท Posted at 02:29:29 on June 23, 2016 ยท (Permalink)
whines But I want more...
inthedrink ยท 1 points ยท Posted at 02:58:56 on June 23, 2016 ยท (Permalink)
oh man, that's awesome. if I knew those finite actions that could make me a millionaire in a day I'd totally give you some of it.
[deleted] ยท 1 points ยท Posted at 03:11:16 on June 23, 2016 ยท (Permalink)
What if I was a fly
noSoupp ยท 1 points ยท Posted at 03:20:54 on June 23, 2016 ยท (Permalink)
Is this copy and paste or did you make this yor self?
[deleted] ยท 1 points ยท Posted at 04:47:00 on June 23, 2016 ยท (Permalink)*
It's original.
Detta_Ven ยท 1 points ยท Posted at 03:35:23 on June 23, 2016 ยท (Permalink)
Technically, he's right. If you're lucky enough to even be reading this, presumingly from a laptop or tablet, etc, you are already 'richer' & much more well off than most kings of history. And from what I've discovered, way more than most of the humans on this planet, given the fact that many are still well below the poverty line. But, egotistically, nothing's ever good enough, right? ;)
ReverseApache_Master ยท 1 points ยท Posted at 03:56:11 on June 23, 2016 ยท (Permalink)
Encouraging, but about halfway through I started reading as the chicken fucker book mobile guy from south park.
ReverseApache_Master ยท 1 points ยท Posted at 03:56:28 on June 23, 2016 ยท (Permalink)
Encouraging, but about halfway through I started reading as the chicken fucker book mobile guy from south park.
hitlerosexual ยท 1 points ยท Posted at 04:12:50 on June 23, 2016 ยท (Permalink)
I am saving this for the next time I need pick-me-up aka the next time I go on Facebook.
[deleted] ยท 2 points ยท Posted at 14:55:54 on June 23, 2016 ยท (Permalink)
If you do nothing else, delete your Facebook account. Facebook does not build your energy, hopes and dreams, it destroys them all in a venomous kiss of despair. It leaves you embattled, insecure and dissatisfied. Delete it, smell the air, open your eyes, flex your mind and use the time you gained to change your life.
[deleted] ยท 1 points ยท Posted at 04:50:28 on June 23, 2016 ยท (Permalink)
You don't know me!
But wow, nice. You've got a way with words.
AquaticMartian ยท 1 points ยท Posted at 06:43:44 on June 23, 2016 ยท (Permalink)
I need this on a poster
forwhateveritsworth4 ยท 1 points ยท Posted at 06:55:40 on June 23, 2016 ยท (Permalink)
He didn't talk about being rich, or vastly rich. But a millionaire.
Dollars buy things. I can't solve a rubix cube for someone and get a pizza delivered, yo.
[deleted] ยท 1 points ยท Posted at 08:48:37 on June 23, 2016 ยท (Permalink)
You can, but you haven't figured out how.
https://www.cubingusa.com/wc2013/events.php
Put your incredible brain to use and reap the rewards.
forwhateveritsworth4 ยท 0 points ยท Posted at 03:58:01 on June 24, 2016 ยท (Permalink)
Being rich =/= being a millionaire
You equivocate and miss the point. Perhaps purposefully, poetically, poignantly, but perfectly clear was the OP's language. So I pick the nit.
Also, diff link, but, 3K ain't rich.
http://www.geeksofdoom.com/2013/07/30/aussie-feliks-zemdegs-wins-2013-rubiks-cube-world-championship
rauhaal ยท 1 points ยท Posted at 07:27:42 on June 23, 2016 ยท (Permalink)
He also has a shower.
Lamenameman ยท 1 points ยท Posted at 12:54:07 on June 23, 2016 ยท (Permalink)
Damn, that was beautiful. I'm motivated for good 30 seconds!
WaitWhatting ยท 1 points ยท Posted at 15:51:22 on June 23, 2016 ยท (Permalink)
Im a fat slob with a goatee... That shit aint no applyibg to me
BrawndoTTM ยท 1 points ยท Posted at 17:09:48 on June 23, 2016 ยท (Permalink)
And yet, we spend this unfathomable opportunity looking at pictures of cats on the internet day after day
Frungy_master ยท 100 points ยท Posted at 20:08:30 on June 22, 2016 ยท (Permalink)
"?????" seems always to make such lists
no_downside ยท 8 points ยท Posted at 20:37:51 on June 22, 2016 ยท (Permalink)
step 2, if i'm not mistaken
ewoodthemacguy ยท 16 points ยท Posted at 22:19:49 on June 22, 2016 ยท (Permalink)
In some instances, ie four step processes, it is referenced on the third step.
Consider the following formula:
X=P-1 Where x=??????? And P = Profit
asad137 ยท 4 points ยท Posted at 22:15:54 on June 22, 2016 ยท (Permalink)
Step 3.
calrebsofgix ยท 2 points ยท Posted at 22:17:18 on June 22, 2016 ยท (Permalink)
Depends on the length of the list - it appears to always be the penultimate item. Ex -
Step 1 - Buy used underwear
Step 2 - Remove clothes
Step 3 - ????
Step 4 - Profit
regendo ยท 2 points ยท Posted at 23:26:18 on June 22, 2016 ยท (Permalink)
I'm not sure what's the profit here.
KetchupOnlyPlease ยท 1 points ยท Posted at 07:18:53 on June 23, 2016 ยท (Permalink)
Hence this entire discussion. We'll get there!
hemag ยท 1 points ยท Posted at 00:08:20 on June 23, 2016 ยท (Permalink)
if we say that the number of steps are N. Then the ??? is usually step number N - 1
ICallButtShit ยท 203 points ยท Posted at 20:09:11 on June 22, 2016 ยท (Permalink)
You could go deep undercover at the bank and in 30-50 years you'd be a rich mf. No one would be the wiser!
7XLTall ยท 325 points ยท Posted at 20:47:31 on June 22, 2016 ยท (Permalink)
Motherfucker that's called a job!
IJustThinkOutloud ยท 88 points ยท Posted at 23:35:45 on June 22, 2016 ยท (Permalink)
that's the beauty of it dawg, every 2 weeks they deposit money *directly into our bank accounts!*
edit: fucking formatting. I'm not fixing that shit
wonderfuladventure ยท 2 points ยท Posted at 01:54:20 on June 23, 2016 ยท (Permalink)
I've seen this video but totally forgotten the name / comedians. Can you tell me?
jewhealer ยท 3 points ยท Posted at 02:08:12 on June 23, 2016 ยท (Permalink)
Key and/or Peele.
forwhateveritsworth4 ยท 1 points ยท Posted at 06:59:39 on June 23, 2016 ยท (Permalink)
No. It's and. It's not Or. It's And. Most definitely.
Fershick ยท 9 points ยท Posted at 23:24:16 on June 22, 2016 ยท (Permalink)
Shit what's that from again?
eric101995 ยท 14 points ยท Posted at 23:46:16 on June 22, 2016 ยท (Permalink)
Key and Peele
Adam-K ยท 5 points ยท Posted at 00:16:28 on June 23, 2016 ยท (Permalink)
https://i.imgur.com/BrbdRfQ.png
zer0cul ยท 1 points ยท Posted at 23:47:46 on June 22, 2016 ยท (Permalink)
Key and Peele. Here is a crappy link - https://m.youtube.com/watch?v=eGfyEff263A
LaziestRedditorEver ยท 0 points ยท Posted at 23:41:17 on June 22, 2016 ยท (Permalink)
The bank robber who wants a job because he needs security, not a quick dime. Can't remember the name of the show.
dhshawon ยท 6 points ยท Posted at 22:20:37 on June 22, 2016 ยท (Permalink)
I understood that reference.
Sinestro617 ยท 1 points ยท Posted at 23:24:21 on June 22, 2016 ยท (Permalink)
I swear this is like dejavu
Funika ยท 264 points ยท Posted at 21:07:10 on June 22, 2016 ยท (Permalink)
I agree, I accomplished it by being born into a wealthy family. It's super easy, I don't understand why others don't do it.
[deleted] ยท 137 points ยท Posted at 22:03:25 on June 22, 2016 ยท (Permalink)
Thanks for the advice, Donald.
soaplord ยท 82 points ยท Posted at 22:24:17 on June 22, 2016 ยท (Permalink)
Step 1: Ask daddy for a small loan of a million dollar
Step 2: ????
Step 3: Profit
Funika ยท 19 points ยท Posted at 23:01:57 on June 22, 2016 ยท (Permalink)
A million?! Daddy gave me $16 million, and I didn't even have to get a loan from him.
TodayID ยท 53 points ยท Posted at 23:49:03 on June 22, 2016 ยท (Permalink)
hey it's me your brother
Funika ยท 2 points ยท Posted at 02:07:21 on June 23, 2016 ยท (Permalink)
Hey brother, I assume you want your part of our inheritance. Hmu with the secret family code.
Decestor ยท 2 points ยท Posted at 07:52:11 on June 23, 2016 ยท (Permalink)
The Mignonette sauce always stains mother's apron.
Newbasaurusrex ยท 2 points ยท Posted at 01:44:05 on June 23, 2016 ยท (Permalink)
Hey it's me, your aunts cousins 2nd ex husband twice removed.
InevitableBohemian ยท 1 points ยท Posted at 00:31:15 on June 23, 2016 ยท (Permalink)
You're right. I should have done that. Please advise as to how to be born into a wealthy family in the next life.
Funika ยท 1 points ยท Posted at 00:48:56 on June 23, 2016 ยท (Permalink)
The next life is too late. My strategy is to be born and then when I develop a memory/basic cognitive functions - I realize that my dad is a hedge fund manager in Southern California. Instant wealth
WhatsStomataWithYou ยท 1 points ยท Posted at 01:16:52 on June 23, 2016 ยท (Permalink)
Seriously? I know a lot of wealthy families and I feel like they do a recurring trust thing rather than giving a kid that much money at once.
Funika ยท 1 points ยท Posted at 01:24:17 on June 23, 2016 ยท (Permalink)
My father was also a tax lawyer, he did that for a few years before deciding there was more money in funds. He decided that based on his experiment with massive estates that it would be cheaper to give me and my brothers a one time gift.
WhatsStomataWithYou ยท 1 points ยท Posted at 02:41:15 on June 23, 2016 ยท (Permalink)
Huh...makes sense. So do you want to go to college or YOLO ?
Funika ยท 0 points ยท Posted at 02:56:19 on June 23, 2016 ยท (Permalink)
Yeah, I start at a school in Dallas next year because it's a family school. That's one drawback to being born rich.
WhatsStomataWithYou ยท 1 points ยท Posted at 13:10:47 on June 24, 2016 ยท (Permalink)
So you wouldn't have tried to get into an Ivy league, but had to go because it's a family school?
Funika ยท 1 points ยท Posted at 15:18:59 on June 24, 2016 ยท (Permalink)
Yeah pretty much, I also really don't have an option of what I can study though. It's kind of planned out already.
[deleted] ยท 7 points ยท Posted at 01:55:17 on June 23, 2016 ยท (Permalink)*
[deleted]
[deleted] ยท 3 points ยท Posted at 11:06:23 on June 23, 2016 ยท (Permalink)
That's a nice lie to keep telling yourself. In reality though:
https://www.washingtonpost.com/news/fact-checker/wp/2016/03/03/trumps-false-claim-he-built-his-empire-with-a-small-loan-from-his-father/
http://fortune.com/2015/08/20/donald-trump-index-funds/
PostNationalism ยท 1 points ยท Posted at 05:36:06 on June 23, 2016 ยท (Permalink)
nah, he underperformed vs a simple index fund investment..
soaplord ยท 0 points ยท Posted at 03:05:41 on June 23, 2016 ยท (Permalink)
Good businessman but terrible person
GangreneMeltedPeins ยท 1 points ยท Posted at 08:48:21 on June 23, 2016 ยท (Permalink)
Trump got more than a million dollar loan though. Get your facts straight
peenyfacehehe ยท 1 points ยท Posted at 15:27:31 on June 23, 2016 ยท (Permalink)
Link fact?
GangreneMeltedPeins ยท 1 points ยท Posted at 15:44:08 on June 23, 2016 ยท (Permalink)
Im on mobile, you can google it no offence.
peenyfacehehe ยท 1 points ยท Posted at 16:24:11 on June 23, 2016 ยท (Permalink)
All I've found is that it's true. CNN fact checked it in October and found it to be true. The only source I see that refutes the claim is the Washington Post, who only states, "Trumpโs claim that he built a real-estate fortune out of a โsmallโ $1 million loan is simply not credible. He benefited from numerous loans and loan guarantees, as well as his fatherโs connections, to make the move into Manhattan." That's it? That's the proof?
mcdinkleberry ยท 0 points ยท Posted at 22:47:19 on June 22, 2016 ยท (Permalink)
There isn't even a step 2 to that.
MemoryLapse ยท 2 points ยท Posted at 04:50:31 on June 23, 2016 ยท (Permalink)
Step 2: start or acquire more than 400 businesses.
_9876543210_ ยท 1 points ยท Posted at 01:31:44 on June 23, 2016 ยท (Permalink)
You are welcome.
mlmayo ยท 1 points ยท Posted at 03:04:54 on June 23, 2016 ยท (Permalink)
Step 1: Be not poor. Step 2: Refer to Step 1.
zvive ยท 1 points ยท Posted at 02:12:50 on June 23, 2016 ยท (Permalink)
I'm 35 yr old, self-taught developer w/ Aspergers want to adopt me?
Funika ยท 1 points ยท Posted at 02:55:15 on June 23, 2016 ยท (Permalink)
I will absolutely adopt you, all I need is a $5,000 wire transfer to Nigeria.
zvive ยท 1 points ยท Posted at 23:44:35 on July 1, 2016 ยท (Permalink)
Will western union work?
AlexAndertheAble ยท 1 points ยท Posted at 07:02:35 on June 23, 2016 ยท (Permalink)
http://2013hoaxblog.s3.amazonaws.com/hilton_poor.jpg
sugarvalves ยท 100 points ยท Posted at 21:13:56 on June 22, 2016 ยท (Permalink)
Conversely there is also a finite series of actions I could take to destroy all life on Earth, but because I'm a nice guy I don't even try.
HonoraryMancunian ยท 30 points ยท Posted at 22:45:35 on June 22, 2016 ยท (Permalink)
I bet there isn't.
joetromboni ยท 29 points ยท Posted at 23:07:01 on June 22, 2016 ยท (Permalink)
Step one.. Launch every nuclear device on the planet.
Step two.. Go to cdc and release every virus, disease, plague they have in storage.
Step 3 hope that is enough
txarum ยท 15 points ยท Posted at 23:28:11 on June 22, 2016 ยท (Permalink)
you could release all the nukes in the world 10 times and life would still live on. even humans would have a good chance of surviving. life is pretty much impossible to get rid of without melting the planet.
zer0cul ยท 29 points ยท Posted at 23:43:51 on June 22, 2016 ยท (Permalink)
Launch all the nukes a million times on the same side of the planet and hope it pushes us into the sun.
ryan_770 ยท 13 points ยท Posted at 01:54:15 on June 23, 2016 ยท (Permalink)
Physics.
oddark ยท 9 points ยท Posted at 03:02:54 on June 23, 2016 ยท (Permalink)
Wait, there's reusable nukes now? Dammit, Musk.
vladahri ยท 5 points ยท Posted at 07:02:43 on June 23, 2016 ยท (Permalink)
Infinite Ammo mod
txarum ยท -1 points ยท Posted at 23:57:37 on June 22, 2016 ยท (Permalink)
yea thats not gona work. the planet will not stay intact should it get pushed with sufficient force to get pushed into the sun.
zer0cul ยท 13 points ยท Posted at 00:11:01 on June 23, 2016 ยท (Permalink)
Fine then, launch all the nukes two million times, but a little slower.
txarum ยท 15 points ยท Posted at 00:36:23 on June 23, 2016 ยท (Permalink)
okay let's do some math
the combined kinetic energy of earth orbit is about. 3 x 1033 joles. that is then the energy you need to slow earth orbit down, and let it fall into the sun.
all the nukes in the world have a total nuclear yield of 6400 megaton TNT. that works out to about 2.7 x 1019.
if you where to launch all nukes in the world 2 million times you would then have a total energy output of (2.7 x 1019) x 2 000 000 = 5.4ร1025. about the energy the earth receives from the sun in 10 years.
even if energy was transferred at 100 % efficiency ( definitely impossible ) you are still nowhere near deorbiting earth.
to achieve the energy needed you would need approximately one quadrillion (1015) times all the nukes in the world. Once you take acount to losses in energy transfer the number would be way higher
I should go to bed now.
link7901 ยท 4 points ยท Posted at 02:30:14 on June 23, 2016 ยท (Permalink)
r/theydidthemath
its-my-1st-day ยท 2 points ยท Posted at 02:26:57 on June 23, 2016 ยท (Permalink)
Technically wouldn't you just need to slow the earth down a tiny bit to the point that it would spiral in?
Ignoring interactions with other bodies (because I'm no physicist, I'm barely an armchair physicist, so fuck trying to factor that stuff in), I'm not entirely sure if the earth would settle in to a slightly smaller orbit, or continue drifting in...
But hey, if my idea works we might've knocked a few orders of magnitude off that required energy amount.
C'mon guys, we can do it!
txarum ยท 2 points ยท Posted at 07:07:21 on June 23, 2016 ยท (Permalink)
no. the earth will stay in orbit until those 3 x 1033 joles of kinetic energy are gone. although now that i think of it, with some very careful planning, you could do a gravity assist with venus and mercury. but it might be a problem getting a good gravity assist without ripping up the earth in the proces.
zer0cul ยท 2 points ยท Posted at 00:38:59 on June 23, 2016 ยท (Permalink)
Well then we had better get to producing if OP is going to destroy the planet. The losses may be made up for by the mass of a quadrillion nukes.
2nd_law_is_empirical ยท 1 points ยท Posted at 07:00:28 on June 23, 2016 ยท (Permalink)
Eh, I'll just take a googol of nukes. Checkmate atheists.
AppleBetas ยท 2 points ยท Posted at 00:23:23 on June 23, 2016 ยท (Permalink)
Life, uh, finds a way.
[deleted] ยท 1 points ยท Posted at 01:05:43 on June 23, 2016 ยท (Permalink)
source?
mib_sum1ls ยท 1 points ยท Posted at 01:43:10 on June 23, 2016 ยท (Permalink)
Of course you're excluding both deep- sea life and extraterrestrial life.
QQuixotic_ ยท 1 points ยท Posted at 06:17:08 on June 23, 2016 ยท (Permalink)
We've actually got a few Scorched Earth plans to totally annihilate all humans from the planet. The largest Nuke, the Tzar Bomba, would only need about 1600 to complete scour the land on Earth clean. That's not Nuclear Wind, that's not Fallout, that's ONLY the true power of the bomb- the area that would be totally stripped clean by a single explosion.
There are estimated over 20K nukes in the world today.
Even so, though- humans, on a nuclear scale, wouldn't be very hard to completely obliterate. I mean, there would be some opposition but if all of America and Russia decided to set aside their differences and JUST end the planet, stopping it would be quite a problem. About 100 Hiroshima-sized bombs would burn through a quarter of our ozone, no matter where they were fired. This, obviously, would be very bad. And, damn I can't believe I forgot the name of this vessel, there have been plans for a total annihilation vehicle that would skip along the atmosphere dropping nuclear fallout across the planet.
txarum ยท 1 points ยท Posted at 06:55:16 on June 23, 2016 ยท (Permalink)
the tzar bomba had a nuclear yield of 50 megaton. the combined nuclear yield of all nukes is about 6400 megaton. or the equivalent of 128 tazar bomba. enough to kill most people on earth, but there is no reason why you could not live in an airtight nuclear bunker
QQuixotic_ ยท 2 points ยท Posted at 07:33:53 on June 23, 2016 ยท (Permalink)
I'm not saying you should, I'm just saying the premise that you could release all the nukes in the world ten times over and life on the surface of the earth would be fine isn't right. If we released all the nukes we have now, no matter where they were, we'd see the end of all humans and most animals.
Cartiledge ยท 1 points ยท Posted at 00:29:04 on June 23, 2016 ยท (Permalink)
Just the nukes in America would be far more than enough. Life that doesn't count on solar energy would survive, but definitely not humans. https://youtu.be/qRnU0bqsyq0
kiddo51 ยท 2 points ยท Posted at 23:39:01 on June 22, 2016 ยท (Permalink)
Yeah. Good luck with that.
Cvoid_Wyvern ยท 1 points ยท Posted at 05:38:48 on June 23, 2016 ยท (Permalink)
You'd want to do step two first as it would spread better through a bigger population, and airports etc would still be active.
Thermodynamicist ยท 9 points ยท Posted at 01:00:27 on June 23, 2016 ยท (Permalink)
Step one: Wait.
The Second Law is a harsh mistress.
MisfitPotatoReborn ยท 4 points ยท Posted at 00:24:36 on June 23, 2016 ยท (Permalink)*
skyskr4per ยท 3 points ยท Posted at 01:22:33 on June 23, 2016 ยท (Permalink)
Step 1: Create a wormhole between the surface of the earth and the center of the Sun.
Step 2: There is no step 2.
KelaasmGFY ยท 1 points ยท Posted at 23:58:11 on June 22, 2016 ยท (Permalink)
Acquire nuclear launch codes from every nuclear power on earth.
???
Profit
[deleted] ยท 1 points ยท Posted at 05:52:41 on June 23, 2016 ยท (Permalink)
step 1. wait
yepthatguy2 ยท 6 points ยท Posted at 23:27:03 on June 22, 2016 ยท (Permalink)
When you think about it like that, I'm doing pretty great!
On a scale of "destroy all life" to "make billions of dollars", I'm already at "make hundreds of dollars".
skud8585 ยท 1 points ยท Posted at 12:11:39 on June 23, 2016 ยท (Permalink)
Depending on the day of the month. I'm a thousandaire.
[deleted] ยท 2 points ยท Posted at 22:50:04 on June 22, 2016 ยท (Permalink)
Oh u/sugarvalves is so sweet for not attempting to destroy all life on earth!
txarum ยท 2 points ยท Posted at 23:29:17 on June 22, 2016 ยท (Permalink)
yes there is. it is called waiting.
[deleted] ยท 2 points ยท Posted at 02:18:30 on June 23, 2016 ยท (Permalink)
I already took those actions, but because the multiverse theory is true you're living in a fork of the universe where I didn't.
jm_618 ยท 1 points ยท Posted at 01:05:30 on June 23, 2016 ยท (Permalink)
/r/niceguys
aetherlung ยท 79 points ยท Posted at 20:59:27 on June 22, 2016 ยท (Permalink)*
Like this: 1PEgmZkEfKRt64qVUJRfeBi4cvjdG2DhY9
crosses fingers
EDIT: I'm up to 0.00042816 BTC (about 25 cents). Not quite $1M in a day, but I'm getting there!
andythecurefan ยท 28 points ยท Posted at 21:51:56 on June 22, 2016 ยท (Permalink)
Sent
aetherlung ยท 15 points ยท Posted at 22:20:49 on June 22, 2016 ยท (Permalink)
One Percent, here I come!
[deleted] ยท 3 points ยท Posted at 00:37:52 on June 23, 2016 ยท (Permalink)
FTFY
[deleted] ยท 19 points ยท Posted at 22:02:55 on June 22, 2016 ยท (Permalink)
Can somebody explain to this non-robot what just happened?
andythecurefan ยท 36 points ยท Posted at 22:04:23 on June 22, 2016 ยท (Permalink)
Bitcoin transaction. Sent /u/aetherlung 21 cents.
Iamabioticgod ยท 42 points ยท Posted at 22:08:14 on June 22, 2016 ยท (Permalink)
damn thats generous as fuck mate
andythecurefan ยท 16 points ยท Posted at 22:09:52 on June 22, 2016 ยท (Permalink)
Nah, that's just spare change I had leftover.
yendak ยท 2 points ยท Posted at 22:50:25 on June 22, 2016 ยท (Permalink)
Let's assume /u/aetherlung fell into a giant freezer tomorrow and would be frozen for 100 years and get out again in 2116.
Would the BTC, worth 21 cents today, increase in value, given that humanity will still be alive and BTC are still a thing?
andythecurefan ยท 2 points ยท Posted at 22:54:34 on June 22, 2016 ยท (Permalink)
BTC value varies per day. Sure, it can increase in value like the stock market. The opposite effect can happen and it can be worth a fraction of 1 cent.
scottclowe ยท 3 points ยท Posted at 00:41:26 on June 23, 2016 ยท (Permalink)
Over 100 years though the day-to-day noise is irrelevant and all that matters is whether bitcoin became mainstream currency or died.
AerThreepwood ยท 4 points ยท Posted at 00:41:14 on June 23, 2016 ยท (Permalink)
Spare change leftover from what? Hmmmmmmmm?
andythecurefan ยท 9 points ยท Posted at 01:40:26 on June 23, 2016 ยท (Permalink)
From a previous bitcoin transaction of course. Do I ask you how you spend your money?
AerThreepwood ยท 1 points ยท Posted at 02:20:51 on June 23, 2016 ยท (Permalink)
Yes?
charmed0215 ยท 1 points ยท Posted at 04:39:15 on June 23, 2016 ยท (Permalink)
Now imagine if everyone with bitcoins sent over their "spare change"?
[deleted] ยท 1 points ยท Posted at 01:43:44 on June 23, 2016 ยท (Permalink)
I'm gonna laugh my ass off when that's worth $20 million in a few years and you finally emptied your account on a pizza 6 months earlier.
[deleted] ยท 1 points ยท Posted at 22:08:53 on June 22, 2016 ยท (Permalink)
Cool, thanks. I'm going to have to Google how that works, because I don't understand Bitcoin at all.
rob311 ยท 8 points ยท Posted at 22:30:43 on June 22, 2016 ยท (Permalink)
Its been 15 minutes. I'm guessing you got through maybe 2 paragraphs on Wikipedia, then said "fuck it", and went back to Reddit.
DarthEru ยท 6 points ยท Posted at 22:48:17 on June 22, 2016 ยท (Permalink)
Well the actual nuts and bolts of it involves a bunch of math and cryptography that's mostly over my head, but the ELI5 version is basically:
The bitcoin system is essentially a group of people with a shared public record of transactions. Anybody may join that group by creating a unique jumble of letters and numbers that obeys some particular math and crypto rules. That jumble is called your bitcoin wallet. Anyone can create any number of wallets (they start with 0 bitcoins in them). When you want to send someone money, you basically take their wallet, your wallet and the amount you want to send, package it into a transaction message, and publish that message to as many people in the group as possible. Those people all individually verify (by checking previous records + some crypto stuff) that you have enough money in your wallet for the transaction to be legit. If they decide it is legit, they will also publish it to everyone they know. In this way, eventually every member of the group will get a copy of that transaction (assuming it's legit). If it's not legit, then eventually everyone will get the information proving it's not legit (by the same system), so the bad transaction will be purged automatically.
There's also also a system for new money to be created (called mining). Subtracting all the hard stuff, it boils down to solving a (very hard) math problem that, if you solve it, lets you publish a transaction from nowhere to your own wallet in the amount of 50 bitcoins, and that transaction will be recognized as legit by everyone else. The fact that it's so hard makes it very difficult to do that though.
So what you saw earlier was someone posting their wallet, and someone else claiming they'd sent a transaction to deposit 21 cents in that wallet. (Although it's not actual cents, it would be some fraction of a bitcoin that is worth that much.)
People like bitcoin for many reasons. One is that it can be entirely anonymous. Your wallet contains no information identifying you as a real person, so no one can track you down just by using it alone. Another is that it's decentralized. There's no single entity (like a country or bank) that holds all the records proving how much money a wallet has, that info is all shared and copied amongst the whole group.
Of course, there are downsides too. For one, in terms of value measured against other currencies it's been pretty unstable, although I'm not sure what's been happening recently.
[deleted] ยท 1 points ยท Posted at 01:07:06 on June 23, 2016 ยท (Permalink)
That you for that ELI5! That's fascinating.
rudolfs001 ยท 1 points ยท Posted at 22:31:26 on June 22, 2016 ยท (Permalink)
Start with youtube, there are a fair amount of really good beginner-level descriptions.
[deleted] ยท 7 points ยท Posted at 22:10:50 on June 22, 2016 ยท (Permalink)
He posted the routing address for his bitcoin account, like posting a paypal ID.
Candunc ยท 1 points ยท Posted at 22:09:01 on June 22, 2016 ยท (Permalink)
So, /u/aetherlung wants to make a million dollars, so he is hoping that strangers will donate 1,615 bitcoin to him. /u/andythecurefan sent him a fraction of that, 0.00034451 BTC worth about $0.21.
Here is the wallet with the info: https://blockchain.info/address/1PEgmZkEfKRt64qVUJRfeBi4cvjdG2DhY9
[deleted] ยท 2 points ยท Posted at 22:10:35 on June 22, 2016 ยท (Permalink)
So, are the sending and receiving addresses permanent, like bank account numbers, or are they created adhoc for each transaction?
Candunc ยท 2 points ยท Posted at 22:13:40 on June 22, 2016 ยท (Permalink)
Not permanent per-say, you can reuse them between transactions. Each person has a set of sending and receiving addresses that theoretically you can track, but anyone can make new addresses to protect anonymity.
[deleted] ยท 2 points ยท Posted at 22:17:04 on June 22, 2016 ยท (Permalink)
So if I have a sending address, and somebody learns it, can they steal all my bitcoin?
Candunc ยท 2 points ยท Posted at 22:21:15 on June 22, 2016 ยท (Permalink)
No, your addresses are protected with randomly generated private keys that are impossible to recreate with our current technology. What I meant is that people can view all the transactions that you have with a specific address.
be_bo_i_am_robot ยท 1 points ยท Posted at 22:23:03 on June 22, 2016 ยท (Permalink)
There are as many potential sending addresses as there are grains of sand on planet Earth, if each one of those grains of sand was another planet Earth with it's own grains of sand.
Ain't nobody gonna stumble upon your sending address.
Although, hypothetically, yes. Practically, absolutely not.
[deleted] ยท 2 points ยท Posted at 01:11:22 on June 23, 2016 ยท (Permalink)
I didn't mean "stumble upon" as in find it by luck. I meant, "hack into your computer and read it" or "look over your shoulder as you're typing it in."
be_bo_i_am_robot ยท 1 points ยท Posted at 02:14:09 on June 23, 2016 ยท (Permalink)
Then yes, they'd swipe all your coin.
In the same way if someone broke into your house and found your wallet, they'd swipe all the cash inside.
TheRealPinkman ยท 1 points ยท Posted at 23:17:39 on June 22, 2016 ยท (Permalink)
Or your dogecoin address, like this: DT4g3v8zQuLDyv9s9tnAff7p85gAQyHPZR
Schmetlappio ยท 2 points ยท Posted at 23:33:07 on June 22, 2016 ยท (Permalink)
I lost about $50 in dogecoin that I mined on day 1 of the release when cryptsy went belly up. Still salty about it.
Saint947 ยท 2 points ยท Posted at 00:36:44 on June 23, 2016 ยท (Permalink)
I mined about 450,000 doge with a single 7970 back in December 2013. I'm glad I never put it on any exchange, I remember when it being listed on Cryptsy was heralded like we'd made it.
And then every single fucking parasite on /r/dogecoin tried to dictate its future ("It's not like gold or silver, it's what you buy your lunch with" Oh fucking spare me.) and in doing so, they strangled the baby rabbit to death.
TheRealPinkman ยท 1 points ยท Posted at 23:47:35 on June 22, 2016 ยท (Permalink)
My 600 doge used to be worth like $0.28 and now it's like... $0.02. I hold onto em for novelty at this point.
garblegarble12342 ยท 1 points ยท Posted at 00:30:29 on June 23, 2016 ยท (Permalink)
*turns on software to try out most common passwords on address.
Thebacklash ยท 18 points ยท Posted at 23:31:02 on June 22, 2016 ยท (Permalink)
I can tell you what actions you need to take! And all you need to do is wire me a measly 10k. 1% of what you are going to make by following my simple, easy steps!
JimBombBomb ยท 145 points ยท Posted at 22:16:49 on June 22, 2016 ยท (Permalink)*
There exists a set of finite words that, of I put them in the correct order, would make me have reddit gold for a month. I just don't know what they are.
Edit: Holy fuck I got gold! 3 years on this site and I finally got gold! Thanks stranger! And OP, If I can get gold, you can be a millonaire!
CRAB_WHORE_SLAYER ยท 6 points ยท Posted at 00:09:32 on June 23, 2016 ยท (Permalink)
Someone else would have caught autocorrect turning if into of, corrected it, and not gotten gold. That's life.
scottclowe ยท 2 points ยท Posted at 00:44:15 on June 23, 2016 ยท (Permalink)*
Who said there was only one set of magic words?
Maybe this post is one of the ones which gets gold too?!
rlaitinen ยท 5 points ยท Posted at 04:04:49 on June 23, 2016 ยท (Permalink)
Apparently not lol
Midhav ยท 1 points ยท Posted at 04:02:41 on June 23, 2016 ยท (Permalink)
Maybe not.
bobthetechguy ยท 5 points ยท Posted at 22:20:04 on June 22, 2016 ยท (Permalink)
Download the app, get 3 months gold
ztc0611 ยท 5 points ยท Posted at 23:19:49 on June 22, 2016 ยท (Permalink)
I really wish I didn't t miss the alien blue promotion.
Saint947 ยท 3 points ยท Posted at 00:39:18 on June 23, 2016 ยท (Permalink)
You can have my four years of gold, I don't give a fuck.
ztc0611 ยท 2 points ยท Posted at 01:29:17 on June 23, 2016 ยท (Permalink)
Really?
Saint947 ยท 3 points ยท Posted at 05:08:47 on June 23, 2016 ยท (Permalink)
If I could give it.
AquaticMartian ยท 2 points ยท Posted at 06:46:21 on June 23, 2016 ยท (Permalink)
Pretty much how I feel about it. I was like "cool!" and nothing changed
KetchupOnlyPlease ยท 1 points ยท Posted at 07:26:55 on June 23, 2016 ยท (Permalink)
Absolutely nothing.
DavidPH ยท 3 points ยท Posted at 23:43:26 on June 22, 2016 ยท (Permalink)
Is that still on? I saw it mentioned in an old thread but didn't try it. I want to experience the wonders of gold
SavannahWinslow ยท 1 points ยท Posted at 23:48:45 on June 23, 2016 ยท (Permalink)
Did receiving this "gold" actually improve your life in any tangible way?
SatanicCatVideo ยท 13 points ยท Posted at 23:09:36 on June 22, 2016 ยท (Permalink)
"He who wishes to be rich in a day will be hanged in a year."
-Leonardo Da Vinci
mphours ยท 24 points ยท Posted at 17:19:59 on June 22, 2016 ยท (Permalink)
Business Insider apparently does
chrisjjs300 ยท 23 points ยท Posted at 23:14:39 on June 22, 2016 ยท (Permalink)
I don't need "creative" ways, I want a million dollars! I'm not shooting for style points
SmoothAsBabysButt ยท 23 points ยท Posted at 21:29:23 on June 22, 2016 ยท (Permalink)
Number one: Pick the right parents (millionaires)...
GYP-rotmg ยท 47 points ยท Posted at 22:02:29 on June 22, 2016 ยท (Permalink)
hey its me ur son
scottclowe ยท 3 points ยท Posted at 00:42:13 on June 23, 2016 ยท (Permalink)
Okay and now what do I do? Kidnap their kid?
SmoothAsBabysButt ยท 1 points ยท Posted at 23:55:41 on June 24, 2016 ยท (Permalink)
I guess that's one way to do it....
KeonSkyfyre ยท 12 points ยท Posted at 20:15:25 on June 22, 2016 ยท (Permalink)
Hell, there's probably thousands of finite strings of bytes that, if sent to the right server, would make you a millionaire in a minute. Tons of stuff has exploits in it, and we don't know what it is until somebody finds it.
tag009 ยท 27 points ยท Posted at 20:29:48 on June 22, 2016 ยท (Permalink)
The knowledge of everything that has ever happened exists somewhere as information that is inaccessible to us. There must be a specific, finite number for the amount of bread crusts that parents have removed from PB&J sandwiches for their kids since the inception of that sandwich as a common lunch item for children, but there is no way to ever know what that number is as it would be impossible to track. Likewise, there is a set amount of knowledge whereby, if I were to be imbued with said knowledge, would instantaneously make me into a champion chess player, but there is no way to get that knowledge from where it exists (books, tutorials, the minds of other chess players, archives, the ether) into my brain. We'll see if technology gets good enough to eliminate this barrier in the future.
mib_sum1ls ยท 3 points ยท Posted at 01:48:29 on June 23, 2016 ยท (Permalink)
I think that kinda defies or at least stretches the definition of "knowledge" as I understand it. Would it be knowledge if no one could know it?
tag009 ยท 1 points ยท Posted at 04:19:44 on June 23, 2016 ยท (Permalink)
I don't know the answer. Can the universe know something? Is knowledge something that exists independetly of the knower? If knowledge is just information, can information exist without being accessed, like digital information? These are the questions.
mib_sum1ls ยท 2 points ยท Posted at 07:18:04 on June 23, 2016 ยท (Permalink)
Can potential knowledge that can never be accessed verified/distinguished from false information be considered to be different than having no knowledge at all?
Reminds me of a joke. The philosopher Sartre walks into a chemist and says, "I suppose you have no potatoes?" The chemist answers, "No, here we have no medicine. You want the grocery next door; it is they who will have no potatoes."
tag009 ยท 1 points ยท Posted at 13:10:32 on June 23, 2016 ยท (Permalink)
Good joke. I'm no physicist, so I am sort of talking out of school here, but if we compare knowledge (information?) to energy, we know that potential energy always has the property of being able to convert to kinetic energy, and therefore produce work. If information has a similar property, we might say that it exists as potential information that might be accessed at anytime to produce work in the brain. I'm pretty much just spit-balling here, as I'm sure many people who are smarter than me have already theorized on this.
pikk ยท 15 points ยท Posted at 21:56:05 on June 22, 2016 ยท (Permalink)
I dunno, I think the amount of bread crusts one wouldn't be that hard.
Peanut butter has only been around since 1895, sliced bread since only 1928, and most importantly, we didn't start having such a high standard of living as to throw away food BEFORE eating it until probably the 1970s or so, as the first generation of baby boomers began having their own kids.
The total population of children has averaged around 70 million each year during that time, and the number of children aged 6-11 has been even more stable, at 24.6 million. source: http://www.childstats.gov/americaschildren/tables/pop1.asp
Here's where the actual guesswork comes in
Some children eat many more, and some eat none at all. I'd say on average a child is likely to eat a pbj every other day. so 24.6 million children (6-11 seems the appropriate age to want a pbj, but be young enough that you don't make it yourself [and whiney enough that you want the crust cut off]), times .5 (one sandwich every other day), times 13,140 (the number of days in the last 36 years) equals 161.622 billion sandwiches.
Figure maybe... a fifth of those actually had the crusts cut off equals my estimate of 32 billion, 324 million, 400 thousand sandwich crusts
tag009 ยท 18 points ยท Posted at 23:08:05 on June 22, 2016 ยท (Permalink)
Okay, that's a lot of figuring, estimating, and straight-up guesswork there. The point was that there exists an actual, specific number that no amount of estimating will ever produce. Sure you can get pretty close, maybe even within a few percent. But even if you did come up with a specific number, you have no way of verifying it short of Jebus himself coming down from the clouds and in his best Ed McMahon voice proclaiming, "You are correct sir!"
pikk ยท 2 points ยท Posted at 12:03:44 on June 23, 2016 ยท (Permalink)
of course you're right
[deleted] ยท 1 points ยท Posted at 23:24:12 on June 22, 2016 ยท (Permalink)*
[deleted]
pikk ยท 1 points ยท Posted at 12:02:28 on June 23, 2016 ยท (Permalink)
I doubt other countries (particularly the most populous ones) keep as good of records of their child population. Although, they probably don't eat many peanut butter and jelly sandwiches either.
[deleted] ยท 1 points ยท Posted at 20:23:06 on June 23, 2016 ยท (Permalink)
Bit harsh on the OECD don't you think? Although I agree that PB&J is a mostly US thing.
ComeOnSans ยท -2 points ยท Posted at 22:22:48 on June 22, 2016 ยท (Permalink)
Somebody give this guy a million dollars!
pikk ยท 1 points ยท Posted at 12:05:51 on June 23, 2016 ยท (Permalink)
I'd settle for a job at a think tank
dirtieottie ยท -2 points ยท Posted at 22:40:35 on June 22, 2016 ยท (Permalink)
Oh yeah, I love me some Fermi-esque math estimations.
PenguinsAttackAtDawn ยท -2 points ยท Posted at 23:13:15 on June 22, 2016 ยท (Permalink)
You enjoyed that, didn't you
pikk ยท 1 points ยท Posted at 12:03:12 on June 23, 2016 ยท (Permalink)
yeah. I pretended like I was answering one of those "questions without answers" that they use in interviews at google and the like.
[deleted] ยท -2 points ยท Posted at 23:17:03 on June 22, 2016 ยท (Permalink)
[deleted]
alienpirate5 ยท 1 points ยท Posted at 07:45:27 on June 23, 2016 ยท (Permalink)
/r/theydidthemonstermath
pikk ยท 1 points ยท Posted at 12:02:41 on June 23, 2016 ยท (Permalink)
it was more of an estimate, but thank you
TheWrinkler ยท -4 points ยท Posted at 23:33:09 on June 22, 2016 ยท (Permalink)
Is this where someone says /r/theydidthemath
ExpertOnAppropriate ยท 2 points ยท Posted at 23:50:41 on June 22, 2016 ยท (Permalink)
I've seen a Borges' "Library of Babel" reference somewhere in the thread, I'd highly recommend the short story in case you haven't read it.
tag009 ยท 1 points ยท Posted at 23:54:39 on June 22, 2016 ยท (Permalink)
I'll check that out.
[deleted] ยท 1 points ยท Posted at 09:11:29 on June 23, 2016 ยท (Permalink)
Even if you were to somehow obtain all existing knowledge of some particular field such as chess, this does not guarantee you riches. You still need to compete with others that possess similar (if inferior) knowledge, you need to make some considerable effort, and you need to have reasonable luck in your endeavour.
Knowing tomorrow's lottery numbers, as an example, is a wholly different thing. If you did know this then with only minimal effort and very minimal risk would you be able to become fantastically rich (if the lottery is worth a damn). The problem with this is that unlike historical knowledge of chess, the lottery numbers is future knowledge, it doesn't actually exist yet. Absent cheating it is therefore unknowable and even if you somehow knew everything there is to know you would not know this because the information doesn't exist to be known yet.
tag009 ยท 1 points ยท Posted at 13:01:36 on June 23, 2016 ยท (Permalink)
No, nothing would be guaranteed other than the fact I could play chess really well, so it would be up to me to use that knowledge/ability to my advantage. As far as we know, foreknowledge is not possible, although there have been some indications in quantum physics of the existence of retrocausality. Perhaps one day technology will advance to the point where we can determine lotto numbers prior to their being drawn (highly unlikely), but of course if everyone had this ability, it would render the lottery, and other games of random chance useless.
[deleted] ยท 19 points ยท Posted at 22:01:26 on June 22, 2016 ยท (Permalink)
Gotcha covered! Just press โ โ โ โ โ โ โ โ B A START. You should be able to modify your MONEY value directly from the debug screen.
_Keldt_ ยท 3 points ยท Posted at 23:20:12 on June 22, 2016 ยท (Permalink)
/r/outside
boogalow ยท 2 points ยท Posted at 22:39:38 on June 22, 2016 ยท (Permalink)
That only gave me 30 money.
ztc0611 ยท 2 points ยท Posted at 23:18:43 on June 22, 2016 ยท (Permalink)
Do it repeatedly then
a_blue_ducks ยท 1 points ยท Posted at 23:20:26 on June 22, 2016 ยท (Permalink)
GTA I believe
NamesJeffrey ยท 17 points ยท Posted at 19:15:36 on June 22, 2016 ยท (Permalink)
With this secret I'll show you, banks will hate you!
theAlpacaLives ยท 10 points ยท Posted at 21:31:26 on June 22, 2016 ยท (Permalink)
Bring a gun. Now they hate me. What's next?
[deleted] ยท 29 points ยท Posted at 22:03:48 on June 22, 2016 ยท (Permalink)
Enjoy free meals for the rest of your life!
PurplePenisWarrior ยท 2 points ยท Posted at 00:38:31 on June 23, 2016 ยท (Permalink)
A more solid future than the one my unemployable ass currently has
chibuezephoibos ยท 2 points ยท Posted at 01:09:28 on June 23, 2016 ยท (Permalink)
And regular sex
OsmanTheMan ยท 5 points ยท Posted at 22:47:26 on June 22, 2016 ยท (Permalink)
cops hate him!
dubmat ยท 6 points ยท Posted at 21:31:07 on June 22, 2016 ยท (Permalink)
That's a variation on the cure for cancer. It's in the dictionary, we're just still figuring out in what order to put the words
scottclowe ยท 3 points ยท Posted at 00:46:27 on June 23, 2016 ยท (Permalink)
Nah, some of the words you need haven't been coined yet. Should get researching on what those words are.
KarmaKaroo ยท 1 points ยท Posted at 04:37:35 on June 23, 2016 ยท (Permalink)
They can be defined by words in the dictionary
snowbyrd238 ยท 5 points ยท Posted at 01:09:52 on June 23, 2016 ยท (Permalink)
Here is the thing, Millions, no Billions of people will get up tomorrow and do the exact same thing that they did the day before. And thats cool. The world depends on them to do so to keep things going. A very small minority of them will be in a proximity to attain the kind of money you talk about.
Here is the thing. If they all got up and made the same choices to become millionaires, the world as we know it would end. No one would go to work the day after. Farmers wouldnt Farm, Bakers wouldnt Bake, Teachers wouldnt Teach and Dentists wouldnt Dent.
So lets look at it like a logic tree. You want to follow the right paths, but you want those paths to be unique to you.
And that leads us to the second half of the equation. If what you did yesterday didnt make you a Millionaire, then obviously you need to do something different tomorrow. This is where it actually gets easier. So we have eliminated that doing what everyone else is doing wont make you rich. You have to do some things unique to you that actually put you in the pathway to riches.
So when you look at it like that it narrows it right down. Find the things in your life that get you closer to riches and create a logic tree. Start filling out a spreadsheet and eliminate one by one the things that dont work. Before you know it you'll be where you want to be.
or next time choose your parents better. loser.
Nankilslas ยท 4 points ยท Posted at 02:26:13 on June 23, 2016 ยท (Permalink)
All I know is the correct order is not:
Wake up, masturbate, Play games, Masturbate, Eat, Masturbate, Play games, Masturbate, Think about masturbating, Masturbate.
PatriarchalTaxi ยท 7 points ยท Posted at 02:32:32 on June 23, 2016 ยท (Permalink)
You need to masturbate one more time then voila! Instant millionaire!
Dynamite_Fools ยท 13 points ยท Posted at 17:46:51 on June 22, 2016 ยท (Permalink)
/r/financialindependence
jeskersz ยท 2 points ยท Posted at 23:03:05 on June 22, 2016 ยท (Permalink)
I don't think eating a bunch of lentils is going to magically turn me from someone who has never seen $1,000 in one place to a millionaire.
But maybe that's why I'm not a millionaire.
Dynamite_Fools ยท 1 points ยท Posted at 23:35:32 on June 22, 2016 ยท (Permalink)
It's about the mindset, man. You gotta save money. Rome wasn't built in a day. Wealth and financial independence most likely isn't going to fall from the sky.
You don't have to eat lentils every day. You don't have to eat lentils ever, if you don't want. That sub is all about making smart financial decisions and getting away from having to rely on others for your financial well being. It's about living within your means, saving aggressively, and having your money do the work for you.
Very very few people just wake up rich one day. Throw enough rocks in a pile, and eventually you'll have a mountain.
Saint947 ยท 1 points ยท Posted at 00:44:12 on June 23, 2016 ยท (Permalink)
The fact remains that in a community supposedly devoted to amassing wealth, the content there is about eating the cheapest food that won't make you sick.
That's like saying you're more likely to fill an Olympic swimming pool by not pissing in a toilet.
Dynamite_Fools ยท 3 points ยท Posted at 00:48:44 on June 23, 2016 ยท (Permalink)*
I have been subscribed there for years, and I have literally never seen any such post.
And I know you were being facetious, but, technically speaking, you would eventually fill an Olympic sized swimming pool by pissing in it...
EDIT: I did the math, and I stand corrected, it would take almost 5000 years for one person to piss full an Olympic sized swimming pool
[deleted] ยท 3 points ยท Posted at 01:26:37 on June 23, 2016 ยท (Permalink)
You forgot to take urine-trist into account, classic mistake
Dynamite_Fools ยท 2 points ยท Posted at 01:34:55 on June 23, 2016 ยท (Permalink)
Go home, dad, you're drunk
protestor ยท 1 points ยท Posted at 03:46:04 on June 23, 2016 ยท (Permalink)
I don't get it (I don't know how to pronounce urine and/or trist apparently)
[deleted] ยท 2 points ยท Posted at 04:04:05 on June 23, 2016 ยท (Permalink)
It was supposed to sound like "your interest," playing on compounding interest, which over a person's lifetime could allow them to make more money than they knew they could
protestor ยท 1 points ยท Posted at 04:08:17 on June 23, 2016 ยท (Permalink)
Thanks. Puns are awesome, unfortunately I can't speak English, just write and read.
kasert778 ยท 8 points ยท Posted at 21:45:33 on June 22, 2016 ยท (Permalink)
But you know what is better than materialistic things?
[deleted] ยท 3 points ยท Posted at 22:23:03 on June 22, 2016 ยท (Permalink)
Bitcoins!
branovalenzuela ยท 6 points ยท Posted at 22:03:46 on June 22, 2016 ยท (Permalink)
knowledge!
IJustThinkOutloud ยท 5 points ยท Posted at 23:38:18 on June 22, 2016 ยท (Permalink)
knawledge*
edit: gnawledge*
ManHash ยท 2 points ยท Posted at 04:19:57 on June 23, 2016 ยท (Permalink)
Sorry, Lamborghinis just edge out Knowledge
iamz3ro ยท 3 points ยท Posted at 22:42:25 on June 22, 2016 ยท (Permalink)
Lamborghini's!
donkybonr ยท 1 points ยท Posted at 22:37:13 on June 22, 2016 ยท (Permalink)
More materialistic things!
chewbacaflocka ยท 1 points ยท Posted at 23:06:14 on June 22, 2016 ยท (Permalink)
Midget porn!
[deleted] ยท 1 points ยท Posted at 02:36:46 on June 23, 2016 ยท (Permalink)
What?
PM_ur_Rump ยท 1 points ยท Posted at 22:01:47 on June 22, 2016 ยท (Permalink)
Reddit!
bukbukbagok ยท 4 points ยท Posted at 22:30:54 on June 22, 2016 ยท (Permalink)
It's the same thing with scoring with a beautiful lover. There is a specific set of things you can say that will entice them to hop in the sack with you. The trick is knowing what that is and understanding that what works for one will not necessarily work for another.
kiddo51 ยท 3 points ยท Posted at 23:47:05 on June 22, 2016 ยท (Permalink)
That's not necessarily true. There are plenty of people who I wouldn't sleep with regardless of what the say or do.
platysoup ยท 2 points ยท Posted at 03:45:52 on June 23, 2016 ยท (Permalink)
My years of experience watching deviant hentai disagrees with you.
ShadowKnightTSP ยท 4 points ยท Posted at 23:52:04 on June 22, 2016 ยท (Permalink)
Listen closely. Your future depends on this.
First, you must go to the nearest subway and order the "2 chains special"
Next, you must run to the nearest bank. No cars allowed. Running only. Walk up to the first tender and throw this subway at their face. While they are distracted, shout out Give Me The Money, then leave quietly.
A man wearing a green t shirt will approach you. Kick him in the balls. This is the sign. He will give you directions to a warehouse.
Once you arrive, grab the controller in the center of the room. Sit in the chair provided and play the mission "No Russian" and be sure to slaughter all the civilians
In the farthest left corner of the first room you will find a note. Pick it up and do not read it
Go back to subway and order a footlong on white bread, covered in Mayo. Toast and eat it.
Another man will approach you, disguised as Hillary Clinton. It will begin describing to you the classified emails that were leaked by Hillary.
Deliver these to the bank teller you threw the 2 Chainz special at, and he will take you to the back.
You will then receive two suitcases containing one hundred million dollars. Congratulations
platysoup ยท 1 points ยท Posted at 03:49:34 on June 23, 2016 ยท (Permalink)
Too much work. Can I skip half the steps and get one suitcase?
dont_trust_goats_ ยท 2 points ยท Posted at 04:44:58 on June 23, 2016 ยท (Permalink)
Can I just skip to the mayo sandwich?
[deleted] ยท 14 points ยท Posted at 21:30:11 on June 22, 2016 ยท (Permalink)
19 years old, turned $1000 into $6,000,000 in 3 months. https://en.wikipedia.org/wiki/Viktor_Blom
wG1Zi5fT ยท 12 points ยท Posted at 22:57:40 on June 22, 2016 ยท (Permalink)
That's one of the worst written Wiki articles I've ever seen.
chibuezephoibos ยท 2 points ยท Posted at 01:10:00 on June 23, 2016 ยท (Permalink)
because viktor probably wrote it himself.
pikk ยท 4 points ยท Posted at 21:59:53 on June 22, 2016 ยท (Permalink)
he also lost 275K and 50K on the way to that 6 million.
nan_wrecker ยท 5 points ยท Posted at 22:28:35 on June 22, 2016 ยท (Permalink)
he lost $4 mil in 1 session to brian hastings. the swedish government also wanted to tax him on all money he WON not profited. so if he won $200 million and lost $194 they wanted to tax him on the whole $200 million.
pikk ยท 1 points ยท Posted at 12:05:25 on June 23, 2016 ยท (Permalink)
well that's fucked up. Although... if they explained that before you started playing, it would be an effective deterrent on gambling.
745631258978963214 ยท 1 points ยท Posted at 23:33:18 on June 22, 2016 ยท (Permalink)
I wouldn't really mind if I lost $194 after winning $200 million dollars. I'd still feel like I have $200 million left at that point.
aesu ยท 0 points ยท Posted at 04:43:19 on June 23, 2016 ยท (Permalink)
No they didn't That's not how tax works.
2Kew4Skew ยท 2 points ยท Posted at 22:42:09 on June 22, 2016 ยท (Permalink)
Way more than that, I don't have the numbers but it's likely to be around 10M won and 4M lost. That's just the nature of poker.
pikk ยท 1 points ยท Posted at 12:04:20 on June 23, 2016 ยท (Permalink)
I just meant he went all the way back to 0 each of those times.
garblegarble12342 ยท 1 points ยท Posted at 00:35:00 on June 23, 2016 ยท (Permalink)
https://www.highstakesdb.com/poker-hands.aspx
If you click on the play button of the $1,356,947 pot on the right under all time, you will see the largest pot in online poker history. Over 600k$ going in the middle!
[deleted] ยท 0 points ยท Posted at 03:18:55 on June 23, 2016 ยท (Permalink)*
[deleted]
garblegarble12342 ยท 1 points ยท Posted at 13:08:13 on June 23, 2016 ยท (Permalink)
He started playing nosebleeds when he was still learning PLO. Now he is one of the best.
theRee1Dea1 ยท 1 points ยท Posted at 01:30:43 on June 23, 2016 ยท (Permalink)
How would I go about betting real money on poker on the Internet in the US? I've always loved card games.
xter418 ยท 1 points ยท Posted at 02:12:40 on June 23, 2016 ยท (Permalink)
Help with this over at /r/poker
[deleted] ยท 1 points ยท Posted at 16:47:52 on June 23, 2016 ยท (Permalink)
Try this https://www.cardschat.com/us-poker-sites.php
skinpipe101 ยท 6 points ยท Posted at 22:17:05 on June 22, 2016 ยท (Permalink)
hahahah I love it.
On the other hand you just started a thread about stock trading that's boring af.
NiftyBifty ยท 3 points ยท Posted at 22:20:33 on June 22, 2016 ยท (Permalink)
I want the cheat code to a million dollars
DASmallWorlds ยท 3 points ยท Posted at 22:21:45 on June 22, 2016 ยท (Permalink)
Billion*
882288xo ยท 1 points ยท Posted at 23:23:57 on June 22, 2016 ยท (Permalink)
*ten
I'm really not picky at this point
[deleted] ยท 1 points ยท Posted at 02:36:55 on June 23, 2016 ยท (Permalink)
Trillion**
SryImLaggin ยท 2 points ยท Posted at 01:13:15 on June 23, 2016 ยท (Permalink)
giveplayer=SMALL_LOAN
DigiDuncan ยท 1 points ยท Posted at 04:30:37 on June 23, 2016 ยท (Permalink)
CuddlePirate420 ยท 3 points ยท Posted at 23:29:30 on June 22, 2016 ยท (Permalink)
You know what some of them are. But I assume part of your premise is that your are a millionaire for more than just 1 day and don't end up dead or in jail.
dreamerluce ยท 3 points ยท Posted at 23:34:28 on June 22, 2016 ยท (Permalink)
This is the best shower thought I've read in a long time. Signed in just to upvote.
Beta1548 ยท 3 points ยท Posted at 23:41:43 on June 22, 2016 ยท (Permalink)
Step one: get off reddit
YetiMcLeti ยท 3 points ยท Posted at 00:20:39 on June 23, 2016 ยท (Permalink)
Most of these actions are likely also morally reprehensible
battering-ram ยท 3 points ยท Posted at 00:27:02 on June 23, 2016 ยท (Permalink)
Gun +Bank = Millionaire. Correct Combination/bad idea
Although that would be very short lived.
Fariko_Elemental ยท 3 points ยท Posted at 01:59:23 on June 23, 2016 ยท (Permalink)
Step 1: Get money
Step 2: Repeat Step 1
psyberwolf1100 ยท 5 points ยท Posted at 21:55:57 on June 22, 2016 ยท (Permalink)
Buy bitcoin / dogecoin.
Wait
????
Profit.
Easy solution. If its gone up over 800x in the last 6 years imagine what 10 years will do.
xAftermathz ยท 2 points ยท Posted at 00:52:05 on June 23, 2016 ยท (Permalink)
But that's a market that can easily crash any given day.
psyberwolf1100 ยท 1 points ยท Posted at 04:19:35 on June 23, 2016 ยท (Permalink)
Risk / reward. I'm just in it for learning, and I've learned lots. When i was mining it, so much fun. Not like i ever made anything, still heaps of fun though.
AFlaccoSeagulls ยท 12 points ยท Posted at 22:13:00 on June 22, 2016 ยท (Permalink)
Step 1: Get a small loan of $1 million dollars from your father.
Step 2: You're a millionaire!
745631258978963214 ยท 2 points ยท Posted at 23:34:44 on June 22, 2016 ยท (Permalink)
In theory; you're still at a net worth of zero realistically, though.
AFlaccoSeagulls ยท 0 points ยท Posted at 00:09:46 on June 23, 2016 ยท (Permalink)
don't ruin my fun!
[deleted] ยท 2 points ยท Posted at 23:30:53 on June 22, 2016 ยท (Permalink)
You bank account would have a million bucks but you wouldn't be a millionair since that's determined by your net worth and you'd have a million dollar liability that you have to bay back that balances out the million dollars of assets in your bank account
aesu ยท 2 points ยท Posted at 04:44:44 on June 23, 2016 ยท (Permalink)
Rich dads tend to be fairly forgiving about paying loans back.
[deleted] ยท 1 points ยท Posted at 02:36:09 on June 23, 2016 ยท (Permalink)
No, you're just liable for a million dollars.
AFlaccoSeagulls ยท 1 points ยท Posted at 02:39:19 on June 23, 2016 ยท (Permalink)
nuh uh my dad said i didn't have to pay him back!
Skitulz_da_Ninja ยท 1 points ยท Posted at 04:40:03 on June 23, 2016 ยท (Permalink)
I found Trump!
AFlaccoSeagulls ยท 2 points ยท Posted at 04:41:18 on June 23, 2016 ยท (Permalink)
No my name is John Miller.
Skitulz_da_Ninja ยท 1 points ยท Posted at 04:44:25 on June 23, 2016 ยท (Permalink)
Lmao
bobthetechguy ยท 4 points ยท Posted at 21:55:36 on June 22, 2016 ยท (Permalink)
Up up down down left right left right B A start
Japexican69 ยท 1 points ยท Posted at 22:21:12 on June 22, 2016 ยท (Permalink)
Contra code?
supersmiley9 ยท 4 points ยท Posted at 00:26:18 on June 23, 2016 ยท (Permalink)
The same way there is a combination of letters I could type in now to get top comment and gold.
platysoup ยท 1 points ยท Posted at 06:10:51 on June 23, 2016 ยท (Permalink)
Sorry man, the other guy already got it.
Adam_Earth ยท 2 points ยท Posted at 21:45:34 on June 22, 2016 ยท (Permalink)
If you give me a million dollars I will teach you exactly what to do.
Il_biga ยท 2 points ยท Posted at 21:47:27 on June 22, 2016 ยท (Permalink)
I think about it every fucking day
carnageeleven ยท 2 points ยท Posted at 21:49:28 on June 22, 2016 ยท (Permalink)
Step 1: post to Reddit
Step 2: ???
Strip 3: profit $1 million
my-reddit-id ยท 1 points ยท Posted at 23:28:03 on June 22, 2016 ยท (Permalink)
Step 2. Market caffeinated Half-and-Half under the slogan "Fuck coffee. Here's the good stuff!"
vonBoomslang ยท 2 points ยท Posted at 22:27:52 on June 22, 2016 ยท (Permalink)
Sure. You just have to call up the right person and say the exact right words. Who and how to blackmail is the problem.
SquanchingOnPao ยท 2 points ยท Posted at 22:30:51 on June 22, 2016 ยท (Permalink)
You could go to work go in your bosses office and beat the living shit out of yourself. then $$$?
titans0910 ยท 2 points ยท Posted at 22:47:27 on June 22, 2016 ยท (Permalink)
Get a job. Work hard for promotions. Put 15-20% of your check into a 401k account. Save to buy a house and build equity instead of renting. Guaranteed in 35 years for retirement you will have millions in cash and a fully paid off house. It's not complicated
Thatonelightskin ยท 1 points ยท Posted at 22:53:16 on June 22, 2016 ยท (Permalink)
Sure it's "not complicated" but the thing is life doesn't play around. Random shit will come up in your life that will throw you off track. If being a millionaire was as easy as doing those things why wouldn't everyone be rich?
titans0910 ยท 0 points ยท Posted at 23:28:45 on June 22, 2016 ยท (Permalink)
People value current spending more than future spending and are lazy. My company literally can not find enough people to fill entry level positions that require no college, pays $15 an hour, offers medical, dental, 401k matching, a pension, paid vacation, yearly bonus, tuition reimbursement for people going to school, pays for extra training an licensing, and tons of promotion opportunities. people are lazy though and don't want things if it requires 8 hours a day of work :l
cisturbance ยท 1 points ยท Posted at 22:56:53 on June 22, 2016 ยท (Permalink)
That is assuming that your 401k doesn't tank, and the housing market doesn't bubble again.
Considering how many millennials are dead broke and have 10's of thousands in debt from college, the housing market isn't looking too rosy imho.
titans0910 ยท 2 points ยท Posted at 23:21:20 on June 22, 2016 ยท (Permalink)
Every investment firm ever will give you the option to have them automatically move funds into secure investments as you get closer to retirement. Worst case scenario you push retirement back a few years to allow for a recovery. Put it in a 2055 mutual funds account and you are all set.
Housing market has fully recovered from the crash and pushed past previous levels. Rates are lower than they have been in decades. Gov offers grants and low, down payment loans, and low rate loans to first time buyers. It has literally never been easier to get approved for a home loan than at any point in American history. You don't need any comparable mortgage or even installment experience.
Student loans are a bummer but that means you drive a used clunker instead of buying new for a while.
Ezpz path to being a millionaire!
befellen ยท 1 points ยท Posted at 02:02:18 on June 23, 2016 ยท (Permalink)
I'll be dead by then.
flm78 ยท 2 points ยท Posted at 22:49:57 on June 22, 2016 ยท (Permalink)
this idea is actually the basis of a movie that is being produced right now. www.imdb.com/title/tt5449298
Mentioned_Videos ยท 2 points ยท Posted at 23:00:38 on June 22, 2016 ยท (Permalink)
Videos in this thread: Watch Playlist โถ
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Drafo7 ยท 2 points ยท Posted at 23:30:44 on June 22, 2016 ยท (Permalink)
And this is the REAL reason why time travel is so dangerous.
nursewally ยท 2 points ยท Posted at 23:38:52 on June 22, 2016 ยท (Permalink)
If you knew what they were, you'd be a millionaire
yottalogical ยท 2 points ยท Posted at 23:47:50 on June 22, 2016 ยท (Permalink)
You host a bitcoin miner. Bitcoins by the way are a cryptocurrency, backed by math instead of gold. A bitcoin miner is a computer that performs the math needed to make a bitcoin. Your miner is set just right in the way that produces 1,684 bitcoins. At the time this was posted, เธฟ1,684 โ $1,000,000.
[deleted] ยท 2 points ยท Posted at 02:44:25 on June 23, 2016 ยท (Permalink)
Isn't it too late for that?
yottalogical ยท 1 points ยท Posted at 00:28:00 on September 9, 2016 ยท (Permalink)
After the halving and the Antminer S9 going out of stock, yes.
[deleted] ยท 2 points ยท Posted at 23:47:58 on June 22, 2016 ยท (Permalink)
[deleted]
dont_trust_goats_ ยท 1 points ยท Posted at 21:34:40 on June 23, 2016 ยท (Permalink)
It says right in the title: "if I performed them in the correct order".
Linked_Up ยท 2 points ยท Posted at 23:48:02 on June 22, 2016 ยท (Permalink)
Try doing โ โ โ โ โ โ โ โ B A.
eazydozer ยท 2 points ยท Posted at 23:53:17 on June 22, 2016 ยท (Permalink)
I get what you are saying, and yes we should most definitely hit up a craps table.
HarryHpobet ยท 2 points ยท Posted at 23:56:46 on June 22, 2016 ยท (Permalink)
Looks to me like posting on Reddit is not one of the steps.
Malamutewhisperer ยท 2 points ยท Posted at 00:01:44 on June 23, 2016 ยท (Permalink)
Black, red, black, black, red, black, red, red, red, no bet, red, black, black, red, red, black.
Start with $100 at the roulette table, let it ride every time.
You're welcome for the roughly $1.6 million.
Oznog99 ยท 3 points ยท Posted at 00:09:46 on June 23, 2016 ยท (Permalink)
Then the casino's mob owners murder you
[deleted] ยท 2 points ยท Posted at 00:06:03 on June 23, 2016 ยท (Permalink)
1) Open a foreign exchange trading account 2) Buy British Pounds to the US dollar (gbp/usd) in the hopes that Britain will vote to stay in the European Union tomorrow. 3) Profit, a lot
toni-pepperoni ยท 1 points ยท Posted at 00:18:33 on June 23, 2016 ยท (Permalink)
There are going to be a lot of broke forex traders tomorrow and possibly some wealthy ones.
ATruePeiceOfShit ยท 1 points ยท Posted at 04:05:27 on June 23, 2016 ยท (Permalink)
Can you explain this?
[deleted] ยท 1 points ยท Posted at 10:32:48 on June 23, 2016 ยท (Permalink)
The foreign exchange is the currency market. Britain is coming on whether or not to leave the European Union today which is going to have a major impact on the value of their currency.
spring45 ยท 1 points ยท Posted at 16:43:17 on June 26, 2016 ยท (Permalink)
Yeah don't follow this guy's advice.
[deleted] ยท 1 points ยท Posted at 20:05:17 on June 26, 2016 ยท (Permalink)
I increased my foreign exchange funds by 40% while trading brexit
TrueSol ยท 2 points ยท Posted at 00:12:14 on June 23, 2016 ยท (Permalink)
Step 1) Fly or drive to Dubuque, Iowa.
Step 2) Head to the 7/11 on Central and 11th.
Step 3) Buy 20 of the purple-ish $5 scratch offs.
Step 4) The 13th will have a $1M prize tomorrow. Scratch it and cash it in.
007brendan ยท 2 points ยท Posted at 00:20:26 on June 23, 2016 ยท (Permalink)
$1 on black, let it ride, 20 times in a row.
Typed01 ยท 2 points ยท Posted at 00:24:35 on June 23, 2016 ยท (Permalink)
Wake up, do all your normal stuff. Take out all your saving. Go put it all on black. Repeat until you are a millionaire.
myst_aura ยท 2 points ยท Posted at 00:30:02 on June 23, 2016 ยท (Permalink)
Own a house in the Bay Area for like 10 years and sell it now for like $1.8 million.
Francis_Dollar_Hide ยท 2 points ยท Posted at 00:35:26 on June 23, 2016 ยท (Permalink)
I can tell you, just send me $10 and I will send you the instructions
DeucesCracked ยท 2 points ยท Posted at 00:36:02 on June 23, 2016 ยท (Permalink)
Step 1: find a millionaire's kid.
Step 2: take a photo of the kid sleeping or going to school or whatever through a gubsight.
Step 3 write down a bank account number in Lichtenstein on the photo with a dollar amount and a time and date on it.
Done.
Step 1: find a bald kid.
Step 2: have the bald kid pretend to have cancer and make a wish foundation some superstar to sign a bunch of memorabilia before a big game and make it a huge news story.
Step 3: fake the kid's death, sell the swag...
There are so many ways to get rich it's insane. The reason most people don't do it is because 99% of them are illegal, immoral or unethical.
MadScienceIntern ยท 2 points ยท Posted at 01:18:35 on June 23, 2016 ยท (Permalink)
I've thought the exact same thing about me having sex with Jennifer Lawrence. It's not impossible, it's just highly improbable. Somehow, there is a set of steps I could follow to have sex with her, I just don't know what they are.
Granuloma ยท 2 points ยท Posted at 01:19:47 on June 23, 2016 ยท (Permalink)
I'm pretty sure I missed my chance to be a millionaire with bitcoin before it blew up...oops..
jmeza10 ยท 2 points ยท Posted at 01:24:55 on June 23, 2016 ยท (Permalink)
Just wanted to say that this is an awesome thread .. I've thought about this so many times, didn't think anyone else thought the same thing
Mynock33 ยท 2 points ยท Posted at 01:25:23 on June 23, 2016 ยท (Permalink)
Go to store
Pick 6 lotto numbers
???
Profit
its-my-1st-day ยท 2 points ยท Posted at 01:34:29 on June 23, 2016 ยท (Permalink)
1) Walk into a casino
2) Find no-Limits roulette table
3) Bet $1 on the correct number ($1 * 36)
4) Re-bet all your winnings again on the correct number ($1 * 36 * 36)
5) Repeat step 4 2 more times ($1 * 36 * 36 * 36 * 36)
6) You now have $1,679,616.00
morgan423 ยท 2 points ยท Posted at 02:10:56 on June 23, 2016 ยท (Permalink)
With that many to one odds against. Still better odds than a lot of lotteries though.
its-my-1st-day ยท 1 points ยท Posted at 02:33:19 on June 23, 2016 ยท (Permalink)
I did a rough calculation against lottery odds here:
TL:DR - roughly 4.5 - 62.5x more likely to win the roulette strategy than a lotto jackpot.
SinistralGuy ยท 1 points ยท Posted at 01:55:07 on June 23, 2016 ยท (Permalink)
And that is why the meaning of life is 42
tik_ ยท 2 points ยท Posted at 01:40:10 on June 23, 2016 ยท (Permalink)
There are actually infinite sets of actions that would make you a millionaire, you don't know what any of them are.
crowbar79 ยท 2 points ยท Posted at 02:08:34 on June 23, 2016 ยท (Permalink)
Make a time machine and go to the 90's invest heavily in Microsoft, ibm, starbucks, and google.
markley02 ยท 2 points ยท Posted at 02:16:22 on June 23, 2016 ยท (Permalink)
Super easy! Just get a small loan of 1 million from your dad
i_drink_orange_blood ยท 2 points ยท Posted at 02:40:06 on June 23, 2016 ยท (Permalink)
There also exists a series of ones and zeroes that would result in a video of me having a threesome with Emma Watson and Jennifer Lawrence.
[deleted] ยท 2 points ยท Posted at 02:55:43 on June 23, 2016 ยท (Permalink)
The first action would be to stop smoking so much weed.
Himself5times ยท 2 points ยท Posted at 03:10:36 on June 23, 2016 ยท (Permalink)
get laid, get paid, get Gatorade.
wicked-dog ยท 2 points ยท Posted at 03:28:24 on June 23, 2016 ยท (Permalink)
There might be an infinite number of such finite sets of actions.
twoworldsin1 ยท 2 points ยท Posted at 03:36:12 on June 23, 2016 ยท (Permalink)
With the Brexit vote coming up, those set of actions probably correspond to stock and future trades.
a7437345 ยท 2 points ยท Posted at 03:41:30 on June 23, 2016 ยท (Permalink)
Actually, just one action and less than 5 minutes: fill a lottery ticket
DBerwick ยท 2 points ยท Posted at 03:43:57 on June 23, 2016 ยท (Permalink)
On the other hand, there's someone out there who would die of old age before being able to achieve that.
Work backwards through their lives. There was a moment when they truly lost any hope of being a millionaire.
ThomasEdmund84 ยท 2 points ยท Posted at 04:13:00 on June 23, 2016 ยท (Permalink)
I suspect most of those actions would be illegal!
This in general a great shower thought though, in that its stimulating even more shower thoughts! What other outcomes are possible if only we did the right steps? What isn't.
What if those actions conflict with someone else trying to become a millionaire??? Oh right that kinda explains how economics works
[deleted] ยท 2 points ยท Posted at 06:16:22 on June 23, 2016 ยท (Permalink)
What would be the best way for someone to learn this trade?
oliverbtiwst ยท 2 points ยท Posted at 06:37:16 on June 23, 2016 ยท (Permalink)
*finite set of actions
kisordog ยท 1 points ยท Posted at 07:25:47 on June 23, 2016 ยท (Permalink)
Perhaps OP means 'irrevocable actions'
colorofpuny ยท 2 points ยท Posted at 08:05:09 on June 23, 2016 ยท (Permalink)
It's a fun thought but it's wrong. Reality is probabilistic, not deterministic. So the "set of finite actions" that will make you a millionaire are't fixed. You can't observe the outcome of the lottery, "go back in time", pick those winning numbers and expect to win. Trillions of trillions of trillions of microscopic events would have to happen in the same way for that same outcome to occur. And they very likely wouldn't.
catfroman ยท 1 points ยท Posted at 17:25:45 on June 23, 2016 ยท (Permalink)
Right, but the actions to pick the right one still exist. You can go into a gas station, tell them you want "26 43 17 57 14 PB: 8" and if it's correct, you get multiple millions of dollars.
It is physically possible for him to go to a gas station, say those things and receive the ticket. The only barrier is knowledge - which numbers will be chosen.
This isn't about time travel, just the fact that there are nearly infinite paths to wealth right in front of us, but we just don't know what they are.
colorofpuny ยท 1 points ยท Posted at 17:57:56 on June 23, 2016 ยท (Permalink)
Nope:) You can't know the future, even if it's "already happened". It will almost always happen differently in such a way that the original probability will be recovered!
The odds of "26 43 17 57 14 PB: 8" wining are always the same, irrespective of what you think you know about the outcome!
catfroman ยท 1 points ยท Posted at 19:35:09 on June 23, 2016 ยท (Permalink)
But you're assuming that making the action determines the future that hasn't happened yet. The simple fact is that there is a set of numbers that, if chosen, will yield hundreds of millions of dollars.
Selecting or not selecting them does not affect the fact that exactly those numbers and no others will be selected. Period.
Your actions simply determine if you receive the money or not. The choice and winning numbers are mutually exclusive.
colorofpuny ยท 1 points ยท Posted at 20:06:45 on June 23, 2016 ยท (Permalink)
There isn't though. The reason it seems there is: you're at a party, some dude's telling a joke, you've heard it before, therefore knowledge has allowed you to see the future, you know exactly what happens next.
You conclude that knowledge therefore has the quality of primacy, externality . So if you were simply able to achieve god-like knowledge of all past events, you could extrapolate and so "fix" the future. It bugged even Einstein that this is impossible. Even god can't predict the future.
Ilikedrumsticks ยท 2 points ยท Posted at 08:16:19 on June 23, 2016 ยท (Permalink)
Try asking Contessa.
Oakshror ยท 2 points ยท Posted at 10:29:09 on June 23, 2016 ยท (Permalink)
Go to a nearby stairwell and do this. It WILL work, I have tried.
Start on the Bottom floor and then going Up 1 Step, Up 1 Step, Down 1 Step, Down 1 Step. Then stop and move your entire body Left 1 Foot, Right 1 Foot, Left 1 Foot, Right 1 Foot.
Then yell at the top of your lungs the letters B then A.
sheikheddy ยท 2 points ยท Posted at 12:59:39 on June 23, 2016 ยท (Permalink)
Just become Contessa.
[deleted] ยท 4 points ยท Posted at 17:55:24 on June 22, 2016 ยท (Permalink)
I am personally trying it through the eCommerce route.
Grippler ยท 1 points ยท Posted at 18:39:29 on June 22, 2016 ยท (Permalink)
how is that working out for you?
[deleted] ยท 6 points ยท Posted at 18:45:33 on June 22, 2016 ยท (Permalink)
I just started a few months ago, but the product I am selling is selling well so at least I am heading in the right direction.
Grippler ยท 2 points ยท Posted at 18:51:22 on June 22, 2016 ยท (Permalink)
what are you selling?
[deleted] ยท 22 points ยท Posted at 18:57:11 on June 22, 2016 ยท (Permalink)
It's a charging cable that goes on your keychain. link if you are interested.
Grippler ยท 3 points ยท Posted at 19:00:55 on June 22, 2016 ยท (Permalink)
that's pretty neat actually!
XFX_Samsung ยท 2 points ยท Posted at 21:16:09 on June 22, 2016 ยท (Permalink)
And just like that he made another sale.
[deleted] ยท 2 points ยท Posted at 19:02:06 on June 22, 2016 ยท (Permalink)
Thanks I am glad you like it!
Grippler ยท 2 points ยท Posted at 19:03:34 on June 22, 2016 ยท (Permalink)
do you make them yourself /have them manufactured?
[deleted] ยท 1 points ยท Posted at 19:36:02 on June 22, 2016 ยท (Permalink)
I have a supplier and I import them.
[deleted] ยท 26 points ยท Posted at 19:46:09 on June 22, 2016 ยท (Permalink)*
deleted What is this?
Grippler ยท 3 points ยท Posted at 19:48:36 on June 22, 2016 ยท (Permalink)
whatever do you mean?? nervously avoids eye contact
no I was just curious because I've been wanting to do the same for a while, and can't really figure out if it's better to manufacture myself or try to find someone to import from.
durdurdurdurdurdur ยท 3 points ยท Posted at 20:04:21 on June 22, 2016 ยท (Permalink)
It has to be, that was fucking weird right?
u38cg2 ยท 1 points ยท Posted at 22:49:03 on June 22, 2016 ยท (Permalink)
How dare you, Sir!
Subhazard ยท 1 points ยท Posted at 02:01:48 on June 23, 2016 ยท (Permalink)
Because you've only worked in the service industry, and your solipsism prevents you from thinking anyone makes money.
thegreatburner ยท 1 points ยท Posted at 22:10:20 on June 22, 2016 ยท (Permalink)
Looks cool. I put one in my cart. Next time I order, I will buy one.
bluesoul ยท 1 points ยท Posted at 22:34:23 on June 22, 2016 ยท (Permalink)
That is super clever. Kudos.
blindwitness23 ยท 1 points ยท Posted at 21:52:54 on June 22, 2016 ยท (Permalink)
Mmmmm private labeling, I like it... :)
Matlock77 ยท 1 points ยท Posted at 22:41:19 on June 22, 2016 ยท (Permalink)
I was duped...
Your "Shamwew" is just a shitty piece of blanket.
I was expecting to receive a "Shamwow" to suck up the water on my boat. Your product just plain sucks.
schizokid ยท 2 points ยท Posted at 21:33:50 on June 22, 2016 ยท (Permalink)
Buy Bitcoins
HLef ยท 3 points ยท Posted at 21:39:28 on June 22, 2016 ยท (Permalink)
Buy a time machine, then buy bitcoins
[deleted] ยท 2 points ยท Posted at 22:06:52 on June 22, 2016 ยท (Permalink)
Buy a time machine, then kill Hitler, then buy bitcoins.
dirtieottie ยท 2 points ยท Posted at 22:43:31 on June 22, 2016 ยท (Permalink)
Plot twist: Nazis invented bitcoin. So now you're out the time machine money.
MenstruatingMuffin ยท 2 points ยท Posted at 22:31:09 on June 22, 2016 ยท (Permalink)
A buddy of mine bought $1000 worth of bitcoin back when it was fairly low. He sold part of it for $700 a while back, with what he has remaining, it's worth roughly $13,000
schizokid ยท 1 points ยท Posted at 23:22:09 on June 22, 2016 ยท (Permalink)
cool
[deleted] ยท 1 points ยท Posted at 21:39:08 on June 22, 2016 ยท (Permalink)
If only. Back in 2011 one bitcoin was ten cents. Now it's hundreds.
bobthetechguy ยท 8 points ยท Posted at 21:59:22 on June 22, 2016 ยท (Permalink)
I sold my 50 bitcoins back when it made me 30 bucks. At the peak of bitcoins it would of netted me $60,000 bucks. I'm kicking myself in the ass for selling them for weed money when I could of made a substantial down payment on a house if I had held on to them
theamorouspanda ยท 1 points ยท Posted at 22:34:40 on June 22, 2016 ยท (Permalink)
Ehh, there's no way you could have known.
MyLlamaIsSam ยท 2 points ยท Posted at 21:56:21 on June 22, 2016 ยท (Permalink)
There are infinite sets of finite actions that would make you a millionaire in one day.
infinity * non-zero probability = yes
RigidPolygon ยท 2 points ยท Posted at 04:12:35 on June 23, 2016 ยท (Permalink)
The steps needed for being financially successful are very similar to the steps needed for being romantically successful:
Lifehitslikewood ยท 1 points ยท Posted at 20:44:16 on June 22, 2016 ยท (Permalink)
Well this realization might be the first step
vVvMaze ยท 1 points ยท Posted at 20:55:45 on June 22, 2016 ยท (Permalink)
Buy lottery ticket, select correct numbers.
XFX_Samsung ยท 1 points ยท Posted at 21:15:15 on June 22, 2016 ยท (Permalink)
Start by sleeping on it, maybe it'll come to you.
352Fireflies ยท 1 points ยท Posted at 21:39:18 on June 22, 2016 ยท (Permalink)
Rippertear ยท 1 points ยท Posted at 21:52:02 on June 22, 2016 ยท (Permalink)
heh. 1314th like. 314. 413.
There's also a set of finite actions that would lead to everyone on earth dying in one day. good thing we don't know those.
DontPmMeShit ยท 1 points ยท Posted at 22:01:05 on June 22, 2016 ยท (Permalink)
Gambling
B0BBIT ยท 1 points ยท Posted at 22:03:47 on June 22, 2016 ยท (Permalink)
Smallest element in that set:
{Do nothing}
Inflation
juarmis ยท 1 points ยท Posted at 22:04:15 on June 22, 2016 ยท (Permalink)
Just pick the right lottery number. Here in Europe you can win 100.000.000$ paying a 3$ ticket. So, one right step and you can become millionaire.
Juggernaut_Bitch ยท 1 points ยท Posted at 22:06:55 on June 22, 2016 ยท (Permalink)
OMG I've been telling my friends this for the longest time. They always like to argue the point, fun to talk about!
NahWey ยท 1 points ยท Posted at 22:07:18 on June 22, 2016 ยท (Permalink)
Isn't it called the lottery?
Classic-g ยท 1 points ยท Posted at 22:10:34 on June 22, 2016 ยท (Permalink)
Wouldn't take all that long to get a yacht
sweaty-pajamas ยท 1 points ยท Posted at 22:13:54 on June 22, 2016 ยท (Permalink)
Who's got the cheat codes?
rkd2008 ยท 1 points ยท Posted at 22:13:55 on June 22, 2016 ยท (Permalink)
It's like the perfect cheat code
assalokj ยท 1 points ยท Posted at 22:14:42 on June 22, 2016 ยท (Permalink)
/r/wallstreetbets is leaking...
Tarquinflimbim ยท 1 points ยท Posted at 22:14:53 on June 22, 2016 ยท (Permalink)
Step one - cut a hole in the box.
MrBlancharizard ยท 1 points ยท Posted at 22:15:40 on June 22, 2016 ยท (Permalink)
Step 1: Small loan of a million dollars
_Nas482_ ยท 1 points ยท Posted at 22:15:41 on June 22, 2016 ยท (Permalink)
Slip and bust your ass in a Wal-Mart.
MN_Kowboy ยท 1 points ยท Posted at 22:15:53 on June 22, 2016 ยท (Permalink)
1) Buy a lottery ticket 2) Pick the right numbers 3) Profit
ThePaleCast ยท 1 points ยท Posted at 22:16:45 on June 22, 2016 ยท (Permalink)
You have been watching "Groundhog day" again, haven't you?
dirtieottie ยท 1 points ยท Posted at 22:45:37 on June 22, 2016 ยท (Permalink)
Saw it on tv the other day. Very intense movie. I like how ultimately, winning her over was not defined as "having sex".
[deleted] ยท 1 points ยท Posted at 22:17:07 on June 22, 2016 ยท (Permalink)
Buy gun
Rob central bank
Don't get caught
bobthetechguy ยท 1 points ยท Posted at 22:19:06 on June 22, 2016 ยท (Permalink)
Time machine, only needs to be able to travel forward a couple hours to get winning Powerball numbers, and back again
YouKnowABitJonSnow ยท 1 points ยท Posted at 22:19:54 on June 22, 2016 ยท (Permalink)
For a million I'll tell ya
omnipotentnothing ยท 1 points ยท Posted at 22:20:05 on June 22, 2016 ยท (Permalink)
Yes you do:
Step 1: Stalk a celebrity online who is known for carrying large amounts of cash on hand.
Step: 2: Get a disguise, spare clothes, spare car, and a gun.
Step 3: Ambush said celebrity at a private location.
Step 4: Rob celebrity.
Step 5: Launder money with casino chips.
Step 6: Profit
holeMOLEhole ยท 1 points ยท Posted at 22:20:19 on June 22, 2016 ยท (Permalink)
Not just a set, sets.
Soginator ยท 1 points ยท Posted at 22:21:05 on June 22, 2016 ยท (Permalink)
paging /r/wallstreetbets
cshell5 ยท 1 points ยท Posted at 22:22:11 on June 22, 2016 ยท (Permalink)
There exists plenty of great books on how
-SandorClegane- ยท 1 points ยท Posted at 22:24:45 on June 22, 2016 ยท (Permalink)
There exists a set of finite actions that, if I performed them in the correct order,
would make me a millionaire in a dayallow me to do anything possible under the laws of physics. I just don't know what they are.So let's say there was a potion one could take that would allow them to achieve a single objective by seeing through the fabric of the universe to reveal the necessary steps to achieve objective "x". "x" could really be anything. If this were a one time use "potion", wouldn't it make more sense to do something more significant for humanity? Something that might ultimately make you rich, but more importantly, solve a huge problem affecting our species as a whole. Even if you chose to use the "potion" to become a fascist super-villain, that seems like a more effective use of the power.
if you went the millionaire route, you would ultimately invest the millions of dollars indulging in the same predictable, baser behavior that was keeping you from ultimate success in the first place.
TL;DR If you made a million, you'd probably still be a douche. Determine finite set of actions to do something better.
Halvanhelev ยท 1 points ยท Posted at 22:25:34 on June 22, 2016 ยท (Permalink)
Acquire gun
Locate bank
...Profit
Sear_Heat ยท 1 points ยท Posted at 22:25:48 on June 22, 2016 ยท (Permalink)
Yes. They go:
Do a thing
Do another thing
???
Profit!
[deleted] ยท 1 points ยท Posted at 22:25:51 on June 22, 2016 ยท (Permalink)
no one does. otherwise we would all be millionaires
buckydean ยท 1 points ยท Posted at 22:26:30 on June 22, 2016 ยท (Permalink)
It's no trick to make a lot of money, if all you want is to make a lot of money
xxxSEXCOCKxxx ยท 1 points ยท Posted at 22:27:10 on June 22, 2016 ยท (Permalink)
How do you know this to be true?
[deleted] ยท 1 points ยท Posted at 22:30:22 on June 22, 2016 ยท (Permalink)
There's going to be SOMETHING that would work. Remember, he sets NO limits on this premise.
xxxSEXCOCKxxx ยท 1 points ยท Posted at 22:34:13 on June 22, 2016 ยท (Permalink)
Oh ok. I was thinking about physical limits like... how many tasks could he physically complete in the span of 24 hours without dying/passing out from sheer exhaustion.
[deleted] ยท 1 points ยท Posted at 22:37:25 on June 22, 2016 ยท (Permalink)
I was thinking along the lines of illegal/legal premise. Nothing "extra human" like flight or invisibility but just that, doing the right step of things, could make you a millionaire in one day.
For example...you find a boat full of Chinese immigrant workers. You know that there's only 2 crew men on board that can be easily "taken care of" and the buyer doesn't know what they look like so when you show up to sell all these people you just take the money.
Extreme example and it would require a lot of knowledge outside of what you'd know normally but just stuff like that.
saguaro_48 ยท 1 points ยท Posted at 22:27:29 on June 22, 2016 ยท (Permalink)
And this is NOT one of them.
BuildTheWalls ยท 1 points ยท Posted at 22:28:42 on June 22, 2016 ยท (Permalink)
A finite set of actions...
ActualFaceOfGod ยท 1 points ยท Posted at 22:28:58 on June 22, 2016 ยท (Permalink)
Such is life.
Tentaye ยท 1 points ยท Posted at 22:29:49 on June 22, 2016 ยท (Permalink)
Sell soul to Satan. Boom.
Agaeris ยท 1 points ยท Posted at 22:29:50 on June 22, 2016 ยท (Permalink)
Plastics.
jedidiahwiebe ยท 1 points ยท Posted at 22:29:51 on June 22, 2016 ยท (Permalink)
if you're white and speak english with no accent, then yea.
uber_neutrino ยท 1 points ยท Posted at 22:32:08 on June 22, 2016 ยท (Permalink)
True, but useless.
If you want to get rich you need a better plan.
MHM5035 ยท 1 points ยท Posted at 22:33:44 on June 22, 2016 ยท (Permalink)
Came here to say "found the American!"
Left when I saw how you spelled yogurt.
Reptyler ยท 1 points ยท Posted at 22:34:07 on June 22, 2016 ยท (Permalink)
Much more probable, and easier to figure out: a set of actions that would make you a millionaire over several years.
yusuf69 ยท 1 points ยท Posted at 22:34:08 on June 22, 2016 ยท (Permalink)
what if the actions are negated by eating yoghurt?
shredsledding ยท 1 points ยท Posted at 22:35:45 on June 22, 2016 ยท (Permalink)
I don't know if that's finite, but I'd believe it if there was a countably infinite number of paths to become a millionaire.
[deleted] ยท 1 points ยท Posted at 22:35:49 on June 22, 2016 ยท (Permalink)
I highly doubt that, even if you"knew" which actions to take, would you have the experience to carry them out correctly?
For example, imagine robbing a bank (or series of banks) may get you to your million, however you likely lack the neccisary skills to properly do that and get away.
krys2lcer ยท 1 points ยท Posted at 22:37:27 on June 22, 2016 ยท (Permalink)
This is the kind of mania that eats at your sanity, or mine at least, everyday.
[deleted] ยท 1 points ยท Posted at 22:37:59 on June 22, 2016 ยท (Permalink)
Of course, Cleveland Browns Super Bowl 51 champions
seaniebeag ยท 1 points ยท Posted at 22:39:51 on June 22, 2016 ยท (Permalink)
That step by step plan is also written out, in detail, somewhere in The Library of Babel but you'll never find it
[deleted] ยท 1 points ยท Posted at 22:40:05 on June 22, 2016 ยท (Permalink)
Have a billion dollars. Spend one dollar.
killercylon ยท 1 points ยท Posted at 22:40:57 on June 22, 2016 ยท (Permalink)
Step 1. Call in sick.
Arowx ยท 1 points ยท Posted at 22:41:08 on June 22, 2016 ยท (Permalink)*
OK hack into your bank account and run this code once...
float balance = GetBalanceFor(<account number>);
balance = (balance + 1f) * 106;
SetBalanceFor(<account number>, balance);
Towerss ยท 1 points ยท Posted at 22:42:13 on June 22, 2016 ยท (Permalink)
As a kid I fantasized about a superhero whos only power is to know exactly which steps and decisions to make to ensure a certain outcome.
The hero knows how to win any fight, make any number of money, control any politician, and so on, as long as there exists a possibility of that happening.
GodKingLordYoda ยท 1 points ยท Posted at 22:42:49 on June 22, 2016 ยท (Permalink)
The number of actions in that set changes with time, so is not finite at any one point in time. If you take a certain number of those steps to arrive at a future point, then there are multiple sets of steps which could have lead you to that point, and the 'shortest' set of steps will be determined by the way in which you reach the destination; millionaire status. So there are infinitely many sets of possible actions; all the possible sets that lead you to your current position. After you reach the destination point, there is a finite set of actions which you have already taken, but before you take them that set does not exist on its own, i.e there is an infinite number of actions which lead you to finding the single finite set, which cannot be separated from that finite set. So you don't know what they are, and they cannot be known.
scottyb83 ยท 1 points ยท Posted at 22:43:03 on June 22, 2016 ยท (Permalink)
You could find $1 and get 50 right guesses in a row on roulette.
470708 ยท 1 points ยท Posted at 22:43:37 on June 22, 2016 ยท (Permalink)
I think this about everything
lamplegoose ยท 1 points ยท Posted at 22:45:43 on June 22, 2016 ยท (Permalink)
I always thought about this when I was getting yelled at by my mom as a little kid. "There exist a series of words and actions I can say/perform that will make my mom not mad at me. I just don't know what."
DrC8H10N4O2 ยท 1 points ยท Posted at 22:45:54 on June 22, 2016 ยท (Permalink)
This makes me feel feelings. I don't like it.
widermind ยท 1 points ยท Posted at 22:46:50 on June 22, 2016 ยท (Permalink)
only thing i can think of is gambling.
[deleted] ยท 1 points ยท Posted at 22:47:45 on June 22, 2016 ยท (Permalink)
Typing Satoshis private key would do it.
rrawk ยท 1 points ยท Posted at 22:48:55 on June 22, 2016 ยท (Permalink)
my thoughts while programming. if i just press these keys in the correct order...
[deleted] ยท 1 points ยท Posted at 22:50:31 on June 22, 2016 ยท (Permalink)
Let's just say I have a friend who saved up money every year for 30 years in a few balanced mutual funds and now has slightly over 1 million dollars. It's not worth what it used to be.
xxsd9382 ยท 1 points ยท Posted at 22:58:18 on June 22, 2016 ยท (Permalink)
My country calls this middle class and it's a big chunk of the population. Also any working class person who owns a decent home.
[deleted] ยท 1 points ยท Posted at 00:14:00 on June 23, 2016 ยท (Permalink)
Pretty much that.
[deleted] ยท 1 points ยท Posted at 22:51:02 on June 22, 2016 ยท (Permalink)
Ive thought about this exactly for years.
snootch_dogg ยท 1 points ยท Posted at 22:51:44 on June 22, 2016 ยท (Permalink)
Robbing a bank
NNJAxKira ยท 1 points ยท Posted at 22:52:29 on June 22, 2016 ยท (Permalink)
Land on your RIGHT FOOT don't forget it!
[deleted] ยท 1 points ยท Posted at 22:53:07 on June 22, 2016 ยท (Permalink)
This is oddly motivational
RedPyramidThingUK ยท 1 points ยท Posted at 22:53:23 on June 22, 2016 ยท (Permalink)
Step 1: Pick the correct lottery numbers...
cisturbance ยท 1 points ยท Posted at 22:53:50 on June 22, 2016 ยท (Permalink)
I don't think "finite" is the correct term, because anytime you're talking about large sums of money, there's always going to be an element of risk or chance in the earlier actions, and the outcome of those earlier actions is going to greatly influence your later actions.
anooblol ยท 1 points ยท Posted at 22:53:58 on June 22, 2016 ยท (Permalink)
Up up down down left right left right b a start.
You're welcome.
[deleted] ยท 1 points ยท Posted at 22:55:05 on June 22, 2016 ยท (Permalink)
[deleted]
Madness20 ยท 2 points ยท Posted at 22:57:52 on June 22, 2016 ยท (Permalink)
Step 2: run away from the police as if you're playing GTA
KindaSalty ยท 2 points ยท Posted at 23:35:44 on June 22, 2016 ยท (Permalink)
Step 3: realize you're not a pussy and turn around to get that star count up
SteveTheViking ยท 1 points ยท Posted at 22:55:50 on June 22, 2016 ยท (Permalink)
Huh, didn't know this was something I could be frustrated over
Redessences ยท 1 points ยท Posted at 22:56:10 on June 22, 2016 ยท (Permalink)
And we call this privilege
ChuckChuckB0Buck ยท 1 points ยท Posted at 22:56:29 on June 22, 2016 ยท (Permalink)
How to be a MILLIONAIRE, and never pay TAXES!!
Step 1) Get a million dollars...
[deleted] ยท 1 points ยท Posted at 22:57:27 on June 22, 2016 ยท (Permalink)
Up, up, down, down, left, right, left, right, B, A, start
If you're married hit: select before start for 2 player
Tumbling-Dice ยท 1 points ยท Posted at 22:58:28 on June 22, 2016 ยท (Permalink)
Command + Shift + C -> type "motherlode"
Repeat a few times, then proceed to take 22 minutes to brush your teeth.
TurnerJ5 ยท 1 points ยท Posted at 22:58:51 on June 22, 2016 ยท (Permalink)
I think this exact thought daily as I clock into my place of wageslavery.
AggressiveOsmosis ยท 1 points ยท Posted at 22:59:57 on June 22, 2016 ยท (Permalink)
does it have to be legal? So you end the day with a LEGAL 1M, right? I'm down.
GreenRanger90 ยท 1 points ยท Posted at 23:00:17 on June 22, 2016 ยท (Permalink)
Make millions with this one simple trick! Click to find out how!!!
DrHenryPym ยท 1 points ยท Posted at 23:01:38 on June 22, 2016 ยท (Permalink)*
Technically, there isn't a "finite" set of options because of quantum theory; -- just a probability between zero and one.
Edit: however, I suppose if we refer to our brains as material, -- a finite material that participates in free will, -- then I guess that makes us limited to a set of finite actions that approaches infinite; -- still finite, nonetheless, like any processor: limited by its circuitry in an expanding universe.
MQ2000 ยท 1 points ยท Posted at 23:01:45 on June 22, 2016 ยท (Permalink)
Just ask for a small loan of a million dollars
humanityexists ยท 1 points ยท Posted at 23:02:09 on June 22, 2016 ยท (Permalink)
There are people who got rich by buying and selling on ebay. But you have to have a lot to offer in your inventory and know what/when to sell.
00fil00 ยท 1 points ยท Posted at 23:02:14 on June 22, 2016 ยท (Permalink)
There exists an even less finite set of actions that will lead to your death tomorrow.
God_loves_irony ยท 1 points ยท Posted at 23:03:58 on June 22, 2016 ยท (Permalink)
Several of them involve being compensated for horrible maimings; but if you actually settle those in the same day chances are you could have got more than a million by going to court. Good luck! ;)
TiesFall ยท 1 points ยท Posted at 23:05:01 on June 22, 2016 ยท (Permalink)
ITT: Greed
IRunLikeADuck ยท 1 points ยท Posted at 23:07:32 on June 22, 2016 ยท (Permalink)
Not necessarily. You could have cancer.
[deleted] ยท 1 points ยท Posted at 23:10:32 on June 22, 2016 ยท (Permalink)
Easy, murder a millionaire, take all their money.
[deleted] ยท 1 points ยท Posted at 23:12:50 on June 22, 2016 ยท (Permalink)
Step 1: Figure out set of finite actions
Step 2: Perform set of finite actions correctly
Step 3: Profit
So simple, I got it
rawker86 ยท 1 points ยท Posted at 23:13:18 on June 22, 2016 ยท (Permalink)
purchase tattoo removal business.
wait.
profit
Levelis ยท 1 points ยท Posted at 23:13:31 on June 22, 2016 ยท (Permalink)
All you need to do is email a very wealthy person their exact thoughts and scare them into giving you money. You could probably do it in under an hour.
Gundament ยท 1 points ยท Posted at 23:21:09 on June 22, 2016 ยท (Permalink)
There exists a set of keys on your computer and mouse movements/clicks that when performed in the correct order can get you access to top secret government data. But we just don't know the right keys to press and spots to click.
angry_pecan ยท 1 points ยท Posted at 23:21:12 on June 22, 2016 ยท (Permalink)
1) Buy lottery ticket
2) ???
3) PROFIT!!!
Villainous_Windmill ยท 1 points ยท Posted at 23:21:38 on June 22, 2016 ยท (Permalink)
Input the right username and password at the right online bank. Boom
sixfigurekid ยท 1 points ยท Posted at 23:23:40 on June 22, 2016 ยท (Permalink)
A set of finite actions that would have to be completed so rapidly so as to make you a millionaire in one day would most likely have a high risk factor associated with them. In the real world if you're making just 15%-25% anual profit your a big success. So while they may or may not work for you, (and you may have to break the law or kill or rob someone to accomplish this goal), they definitely would not work for everybody.
Good day
The_camperdave ยท 1 points ยท Posted at 23:24:21 on June 22, 2016 ยท (Permalink)
1 - Find odd Arabian-styled bottle on the beach.
2 - Release Jeannie within.
3 - Wish for a million dollars.
4 - Avoid NASA psychiatrist so you can retain your astronaut job.
5 - Profit!
theaveragejoe99 ยท 1 points ยท Posted at 04:06:56 on June 23, 2016 ยท (Permalink)
Just so you know, it's spelled genie
The_camperdave ยท 1 points ยท Posted at 05:59:34 on June 23, 2016 ยท (Permalink)
Um...No, it's not.
theaveragejoe99 ยท 1 points ยท Posted at 14:05:40 on June 23, 2016 ยท (Permalink)
"A United States astronaut finds his life vastly complicated when he stumbles on to a bottle containing a female genie."
-your link
The_camperdave ยท 1 points ยท Posted at 14:20:57 on June 23, 2016 ยท (Permalink)
There are lots of genies, but only one Jeannie.
SaggiSponge ยท 1 points ยท Posted at 23:24:26 on June 22, 2016 ยท (Permalink)
This website contains the instructions on how to become a millionaire in a day. You just have to find them.
Shizo211 ยท 1 points ยท Posted at 23:24:50 on June 22, 2016 ยท (Permalink)
Well for most people who got rich circumstances were a huge factor even for the ones that got from poor to rich. But yeah, the action of picking the correct lottery numbers would be enough I suppose.
bzzzztf ยท 1 points ยท Posted at 23:25:11 on June 22, 2016 ยท (Permalink)
A day?! You can do it easily in one second. And it's pretty much a sure thing. Step 1. Accumulate $99,999,999.99. Take as long as you need. Step 2. (This is the part that accomplishes the goal and yet only takes a second) Steal a penny from one of those 'leave a penny' jars at the checkout counter. Or find one on the street.
[deleted] ยท 1 points ยท Posted at 23:25:23 on June 22, 2016 ยท (Permalink)
Yes, sure there is! Just follow my easy guide on how to become a millionaire with Binary Stock Options Free Online Money Maker System! No money required! Make millions in seconds with my free secret only to my clients. This is a new method that no-one has made before!
j0hnbasedow1 ยท 1 points ยท Posted at 23:25:38 on June 22, 2016 ยท (Permalink)
just bet all your money on craps. keep pressin'
SkengisKong ยท 1 points ยท Posted at 23:25:46 on June 22, 2016 ยท (Permalink)
If you tapped on your phone screen right now in the right places in the right oder you could place winning bets online and become a million in a matter of minutes without even getting up off your couch
asthingsgo ยท 1 points ยท Posted at 23:26:02 on June 22, 2016 ยท (Permalink)
go to vegas, and put 1 dollar on the correct roulette number, pick the next 4 in a row, voila, 1.87 million dollars. you could be done in less than 10 minutes.
yottalogical ยท 1 points ยท Posted at 23:26:19 on June 22, 2016 ยท (Permalink)
One of the (legal) methods would be to start a kickstarter where it is extremely successful. You make clear to your audience that you'll keep the money, but everyone on the internet is sympathetic to your cause.
Pengyvan ยท 1 points ยท Posted at 23:26:29 on June 22, 2016 ยท (Permalink)
I found it
SausageMcMuffdiver ยท 1 points ยท Posted at 23:26:56 on June 22, 2016 ยท (Permalink)
This would make a great "Groundhog Day 2" premise. Basically you'd have to make over a million bucks in 24 hours to break the spell.
I think my initial focus would be in Vegas. I'd start a two fold attack. One on the tables and slots. The other on the rich women there. Sooner or later I'm going to either hit it big gambling or I'm going to find the right rich lady to get drunk and marry me at one of those drive-thru alters.
sadmadmen ยท 1 points ยท Posted at 23:27:09 on June 22, 2016 ยท (Permalink)
Step one, cut a hole in the box
[deleted] ยท 1 points ยท Posted at 23:28:06 on June 22, 2016 ยท (Permalink)
There is also the possibility that if I randomly bounced a tennis ball on my keyboard for an indeterminate amount of time I could type out the exact steps you need to take.
DJSamDiamond ยท 1 points ยท Posted at 23:28:17 on June 22, 2016 ยท (Permalink)
Ask some of the guys in /r/sportsbook ... They don't know either.
[deleted] ยท 1 points ยท Posted at 23:28:21 on June 22, 2016 ยท (Permalink)
What if those actions are the perfect bank heist?
washheightsboy3 ยท 1 points ยท Posted at 23:29:56 on June 22, 2016 ยท (Permalink)
Step 1: steal underpants Step 2: Step 3: make profit.
[deleted] ยท 1 points ยท Posted at 23:31:50 on June 22, 2016 ยท (Permalink)
Actually you do know what they are you just choose not to do them. Read The Richest Man in Babylon.
Mac_User_ ยท 1 points ยท Posted at 23:34:42 on June 22, 2016 ยท (Permalink)
Pick the right letter numbers.
[deleted] ยท 1 points ยท Posted at 23:40:11 on June 22, 2016 ยท (Permalink)
Buy lottery ticket. Win
Francis_XVII ยท 1 points ยท Posted at 23:40:23 on June 22, 2016 ยท (Permalink)
Minor nit but I think you mean a finite set of actions
[deleted] ยท 1 points ยท Posted at 23:42:11 on June 22, 2016 ยท (Permalink)
This is motivating me
MoonSpellsPink ยท 1 points ยท Posted at 23:42:20 on June 22, 2016 ยท (Permalink)
It's like a jigsaw puzzle where every piece is the same and you must complete it upside-down. Only when it's done will you be able to look back and see where you went wrong.
mjmax ยท 1 points ยท Posted at 23:42:29 on June 22, 2016 ยท (Permalink)
The universe in non-deterministic, so not necessarily.
LuciferandSonsPLLC ยท 1 points ยท Posted at 23:43:22 on June 22, 2016 ยท (Permalink)
This is not necessarily true.
gristly_adams ยท 1 points ยท Posted at 23:45:48 on June 22, 2016 ยท (Permalink)
Most of them would also result with you being in jail in one of the days shortly thereafter, but, you know.
CALAMITYFOX ยท 1 points ยท Posted at 23:46:09 on June 22, 2016 ยท (Permalink)
Not you i_like_yoghurt, you make terrible decisions and life hates you
paulatreides0 ยท 1 points ยท Posted at 23:46:16 on June 22, 2016 ยท (Permalink)
It's simple. We kill the batman. And then steal his fortune.
long-shots ยท 1 points ยท Posted at 23:46:58 on June 22, 2016 ยท (Permalink)
What does it mean to say "there exists a finite set of actions..."?
How do the actions exist in any way except merely as theoretical propositions?
[deleted] ยท 1 points ยท Posted at 23:48:50 on June 22, 2016 ยท (Permalink)
Most of those sets of finite actions involve robbing a millionaire.
PonyCharade ยท 1 points ยท Posted at 23:49:06 on June 22, 2016 ยท (Permalink)
1.Rob a bank. 2.get away with it.
FurryWolves ยท 1 points ยท Posted at 23:49:25 on June 22, 2016 ยท (Permalink)
Yep, ask your dad for a small loan, and he'll give you a million dollars.
[deleted] ยท 1 points ยท Posted at 23:50:43 on June 22, 2016 ยท (Permalink)
Live to be one million years old.
no___justno ยท 1 points ยท Posted at 23:50:56 on June 22, 2016 ยท (Permalink)
Step 1: Browse reddit.
Dean7 ยท 1 points ยท Posted at 23:50:56 on June 22, 2016 ยท (Permalink)
Those actions are documented in the Library of Babel. (It's a procedually-generated library with every possible combination of words.) If you find the right book, let me know.
[deleted] ยท 1 points ยท Posted at 23:51:10 on June 22, 2016 ยท (Permalink)
oh also, you'd be surprised how much saving a little bit of money and not spending it turns into an interest accruing monster.
blackchinesecowboy ยท 1 points ยท Posted at 23:51:27 on June 22, 2016 ยท (Permalink)
So, if you knew that there are a finite number of ways to be a millionaire in one day shouldn't you know what they are in the first place?
WhoMe_ImNobody ยท 1 points ยท Posted at 23:53:47 on June 22, 2016 ยท (Permalink)
Limitless?
[deleted] ยท 1 points ยท Posted at 23:56:46 on June 22, 2016 ยท (Permalink)
Take 2 dollars. Rub them for luck. Say "1 Powerball, Please". Then wait. Try again next week.
EmptyBowls ยท 1 points ยท Posted at 23:59:41 on June 22, 2016 ยท (Permalink)
Sounds to me like you want the path to victory power from Worm (a power that allows the user to be given a step by step plan to accomplish damn near anything she wants). Just ask how to legally make a few million dollars without any harm coming to yourself and bam, off you go.
Bigbadsuthy ยท 1 points ยท Posted at 00:02:11 on June 23, 2016 ยท (Permalink)
Comment 1000
illuzion987 ยท 1 points ยท Posted at 00:04:01 on June 23, 2016 ยท (Permalink)
Rob a bank with a drone... https://youtu.be/mUDQe8vtrLM
RadSpaceWizard ยท 1 points ยท Posted at 00:07:39 on June 23, 2016 ยท (Permalink)
You mean a finite set of actions?
Uejji ยท 1 points ยท Posted at 00:10:22 on June 23, 2016 ยท (Permalink)
As a mathematician, I cannot help you find them, though I can prove that they must exist.
zamarronelchingon ยท 1 points ยท Posted at 00:12:37 on June 23, 2016 ยท (Permalink)
OP is a millionaire low key and motivating us peasants
morebanjo ยท 1 points ยท Posted at 00:14:44 on June 23, 2016 ยท (Permalink)
True, they exist in the sense that you could conceive of them, if only you knew what they were. Not knowing them is only a result of the desired outcome being uncertain.
Bryboskie ยท 1 points ยท Posted at 00:18:16 on June 23, 2016 ยท (Permalink)
You know, that's oddly motivating.
DocPeanutButter ยท 1 points ยท Posted at 00:18:16 on June 23, 2016 ยท (Permalink)
Rob a bank
Thisisnow1984 ยท 1 points ยท Posted at 00:19:09 on June 23, 2016 ยท (Permalink)
Punch your boss in the face and post it to reddit
Metal_Charizard ยท 1 points ยท Posted at 00:21:37 on June 23, 2016 ยท (Permalink)
/r/wallstreetbets
flurbius ยท 1 points ยท Posted at 00:24:52 on June 23, 2016 ยท (Permalink)
Fly to Vietnam: withdraw 1,000,000 from an ATM .... Game Over.
[deleted] ยท 1 points ยท Posted at 00:25:04 on June 23, 2016 ยท (Permalink)
What you say is not true, OP. Becoming "rich", or should I say materially prosperous, isn't really possible in one day. Unless you're born into a wealthy family, then what I"m about to say might hurt your ears. HARD WORK is the only way. That's right. Hard classic, mother-fucking, work. Most Americans don't wanna hear that to be "successful" takes hard work. But that is the truth!
Strings_to_be_pulled ยท 1 points ยท Posted at 00:25:28 on June 23, 2016 ยท (Permalink)
The worst part is that there exists an infinite number of finite paths to becoming rich, and you can't find any of them.
Thermodynamicist ยท 1 points ยท Posted at 00:25:29 on June 23, 2016 ยท (Permalink)
There actually exists an infinite set of actions which would make you a millionaire in a day.
I suspect that the illegality of those actions would be approximately inversely proportional to some power of their number, provided that your definition is tied to a reasonably stable currency (e.g. USD). Otherwise, just pick a weak number and enjoy your zeros...
[deleted] ยท 1 points ยท Posted at 00:28:11 on June 23, 2016 ยท (Permalink)
Step one: be Bill Murray in Groundhog Day
HexavalentChromium ยท 1 points ยท Posted at 00:29:26 on June 23, 2016 ยท (Permalink)
I think this is the most thought provoking thing that I have read/pondered in quite some time.
FrozenNexus ยท 1 points ยท Posted at 00:29:59 on June 23, 2016 ยท (Permalink)
Just gotta pick the right 6 numbers...
frinxor ยท 1 points ยท Posted at 00:30:41 on June 23, 2016 ยท (Permalink)
There exists an infinite number of sets of actions, that if performed in the correct order, would make you a millionaire (or billionaire)
Atheist_Simon_Haddad ยท 1 points ยท Posted at 00:36:08 on June 23, 2016 ยท (Permalink)
Take three US Dollars and convert them to Zimbabwean Dollars.
leonboss1218 ยท 1 points ยท Posted at 00:36:53 on June 23, 2016 ยท (Permalink)
GalaxyBread ยท 1 points ยท Posted at 01:15:47 on June 23, 2016 ยท (Permalink)
No, you use a bomb to get someone else to rob the bank for you.
sirius4778 ยท 1 points ยท Posted at 00:38:03 on June 23, 2016 ยท (Permalink)
This is my favorite shower thought ever.
gangstarapMAIDmeDoit ยท 1 points ยท Posted at 00:40:46 on June 23, 2016 ยท (Permalink)
well i'm here to let you know what those are. But you have to come into my office, my lawyers said it's too risky for me to tell you over the radio. So don't waste time, come here and give me all your money....Oh shit, i mean learn how to become a millionaire TODAY!
JUMPIN4 ยท 1 points ยท Posted at 00:40:53 on June 23, 2016 ยท (Permalink)
Think of what everyone wants or needs then make it and make millions: entrepreneur. Have an amazing day
AppleDrops ยท 1 points ยท Posted at 00:43:29 on June 23, 2016 ยท (Permalink)
and it might be different on different days. But there might also be a set that works every day.
Jaxx_On ยท 1 points ยท Posted at 00:44:24 on June 23, 2016 ยท (Permalink)
Step 1: Cut a hole in the box.
[deleted] ยท 2 points ยท Posted at 00:47:45 on June 23, 2016 ยท (Permalink)
2: Put your junk in that box.
SeeingTheRed ยท 1 points ยท Posted at 00:50:55 on June 23, 2016 ยท (Permalink)
[deleted] ยท 1 points ยท Posted at 00:45:15 on June 23, 2016 ยท (Permalink)
https://i.imgur.com/8ucv5hR.gifv
ShitFacedSteve ยท 1 points ยท Posted at 00:47:08 on June 23, 2016 ยท (Permalink)
I imagine most of them are illegal but there's probably a few legal ones too.
Hexxman007 ยท 1 points ยท Posted at 00:48:40 on June 23, 2016 ยท (Permalink)
totally disagree with the premise, if you started with zero dollars, the only action i can ever theorize on would be to work for cash somehow and then take that cash and buy a winning lottery ticket, that action would be it, but buying a winning ticket is not a finite action. This predisposes the use of crime such as robbing a bank etc.
[deleted] ยท 1 points ยท Posted at 00:50:19 on June 23, 2016 ยท (Permalink)
Where do I get this game? You make decisions over a day (real time) and if you choose correctly you become a millionaire if not the game ends and begins anew tomorrow....starring Bill Murray.
Bradford_ ยท 1 points ยท Posted at 00:50:41 on June 23, 2016 ยท (Permalink)
This sounds like an ad for a new casino.
[deleted] ยท 1 points ยท Posted at 00:59:05 on June 23, 2016 ยท (Permalink)
I wish I could be as optimistic as you OP
Sk8tr_Boi ยท 1 points ยท Posted at 01:02:17 on June 23, 2016 ยท (Permalink)
georgebatski ยท 1 points ยท Posted at 01:03:38 on June 23, 2016 ยท (Permalink)
You have to read the The Law of Success by Napoleon Hill. It will be the closest you get in terms of step by step actions to get rich.
[deleted] ยท 1 points ยท Posted at 01:04:05 on June 23, 2016 ยท (Permalink)
This is that 1.5% difference NDT was talking about.
metnem ยท 1 points ยท Posted at 01:06:24 on June 23, 2016 ยท (Permalink)
Get hit by a major corporations car/truck or a state vehicle.
Sure, the pain is horrible, but in a few short years, you'll be a millionaire.
There are different variations to the equation above and the potential is limitless!
Tom-stache ยท 1 points ยท Posted at 01:07:52 on June 23, 2016 ยท (Permalink)
Imho, the easiest way to become a millionaire is to be born one. I learned in college 10 years ago that in the US, 95% of people die in the same socio-economic class they were born in. With austerity on the rise that statistic may have increased. But aside from that, it's mostly dumb luck with a little bit of who you know and maybe some hard work, maybe.
[deleted] ยท 1 points ยท Posted at 01:08:29 on June 23, 2016 ยท (Permalink)
That's gonna drive me crazy...
LSeww ยท 1 points ยท Posted at 01:08:39 on June 23, 2016 ยท (Permalink)
Finite set, not finite actions.
Wobblehippie5555 ยท 1 points ยท Posted at 01:09:02 on June 23, 2016 ยท (Permalink)
Step 1 - Ski Mask Step 2 - Toy submachine gun spray painted black Step 3 - Bank
Yeah you get the picture......
Just_B_Free ยท 1 points ยท Posted at 01:09:35 on June 23, 2016 ยท (Permalink)
Step one: Acquire 1 million dollars
midnighthearts ยท 1 points ยท Posted at 01:10:09 on June 23, 2016 ยท (Permalink)
Rob a bank
Echo47m ยท 1 points ยท Posted at 01:10:17 on June 23, 2016 ยท (Permalink)
Equally depressing, as you sit wherever you currently are, reading this comment, remember: Everything you have ever done in your entire life.. has brought you to this moment.
0100110101101010 ยท 1 points ยท Posted at 01:10:49 on June 23, 2016 ยท (Permalink)
And those exact actions are written down somewhere in the library of Babel, personalised to you by name.
mayor-of-whoreisland ยท 1 points ยท Posted at 01:12:16 on June 23, 2016 ยท (Permalink)
If you figure it out, let me know...
IWantSteamKeys ยท 1 points ยท Posted at 01:12:24 on June 23, 2016 ยท (Permalink)
Alternativily, there is a combination of 0s and 1s that create a sex tape of Emma Watson and Jennifer Lawrence. But we don't know them
Spyu ยท 1 points ยท Posted at 01:12:36 on June 23, 2016 ยท (Permalink)
RocketRetro ยท 1 points ยท Posted at 01:12:46 on June 23, 2016 ยท (Permalink)
Sounds like a mathematical computer science problem, my friend.
[deleted] ยท 1 points ยท Posted at 01:14:59 on June 23, 2016 ยท (Permalink)
Rob a bank. Become millionaire. Go to jail.
I mean, it's not exactly a happy ending, but at least during step 2 you'll be happy.
HaPPYDOS ยท 1 points ยท Posted at 01:17:32 on June 23, 2016 ยท (Permalink)
In other words:
???
???
???
Profit
Joorkax ยท 1 points ยท Posted at 01:18:01 on June 23, 2016 ยท (Permalink)
I'd guess a vast majority of those ways are illegal and would grant you serious jailtime
uhclem ยท 1 points ยท Posted at 01:18:12 on June 23, 2016 ยท (Permalink)
Pro Tip: Probably doesnโt start with spending time on Reddit
katsulli8 ยท 1 points ยท Posted at 01:18:14 on June 23, 2016 ยท (Permalink)
Ever hear about million dollar homepage?
RookStein ยท 1 points ยท Posted at 01:20:32 on June 23, 2016 ยท (Permalink)
The directions would just be to a 7 eleven somewhere that has a winning lottery ticket.
[deleted] ยท 1 points ยท Posted at 01:21:51 on June 23, 2016 ยท (Permalink)
I don't even know step 1. Be born into a rich family?
Gazzzah ยท 1 points ยท Posted at 01:23:08 on June 23, 2016 ยท (Permalink)
I don't imagine they'd be all that legal though
SwiebelKuchen ยท 1 points ยท Posted at 01:23:16 on June 23, 2016 ยท (Permalink)
Give 4 20 minute speeches *
proverbs324 ยท 1 points ยท Posted at 01:24:40 on June 23, 2016 ยท (Permalink)
But then you would suffer from affluenza ... is that a risk you're willing to take?
jenhbrooklyn ยท 1 points ยท Posted at 01:25:54 on June 23, 2016 ยท (Permalink)
Be poor Post about it on Reddit ? Profit!
KroneckerDeltaSucks ยท 1 points ยท Posted at 01:27:57 on June 23, 2016 ยท (Permalink)
Ordering of that set is important, too
blobbybag ยท 1 points ยท Posted at 01:27:58 on June 23, 2016 ยท (Permalink)
Bot necessarily true. It may not be in the set of possibilities.
Catfishbuck ยท 1 points ยท Posted at 02:01:20 on June 23, 2016 ยท (Permalink)
Yes, you're forgetting casinos and I guess drug running but i wouldn't recommend them tbh
trt_trt ยท 1 points ยท Posted at 01:35:12 on June 23, 2016 ยท (Permalink)
It probably doesn't start with Reddit in the morning.
[deleted] ยท 1 points ยท Posted at 01:37:18 on June 23, 2016 ยท (Permalink)
Just one action: Buy a winning lottery ticket.
gurglegut ยท 1 points ยท Posted at 01:37:55 on June 23, 2016 ยท (Permalink)
You could also just be happier.
Defavlt ยท 1 points ยท Posted at 01:40:19 on June 23, 2016 ยท (Permalink)
Ever heard of the library of Babel? It's got an algorithm that can generate all possible permutations of lower-case letters (A-Z), space, period and comma. I can't remember exactly how many characters per permutation, but I believe it's a crazy amount.
Also, here's the page with this exact comment: https://libraryofbabel.info/bookmark.cgi?my_comment
[deleted] ยท 1 points ยท Posted at 01:41:44 on June 23, 2016 ยท (Permalink)
Looks like you'll have to do it slower by acquiring knowledge and/or skills which are valuable to other people.
jpike258 ยท 1 points ยท Posted at 01:42:26 on June 23, 2016 ยท (Permalink)
Solution: Walk to bank. Rob bank
Freakwinsea ยท 1 points ยท Posted at 01:43:46 on June 23, 2016 ยท (Permalink)
You don't know what the legal ones are.
dangil ยท 1 points ยท Posted at 01:44:35 on June 23, 2016 ยท (Permalink)
Money is a measure of improbability
lkjkjljkl ยท 1 points ยท Posted at 01:44:40 on June 23, 2016 ยท (Permalink)
nice. memorizing this for when time travel is invented.
LatitudeSurfer ยท 1 points ยท Posted at 01:47:06 on June 23, 2016 ยท (Permalink)
I wish that i agreed with you but wouldnt there be a hard limit to what you could archieve within yoir lives. Would it be that whatever u do, you simply couldnt be a millionaire? Just raising questions.
Catfishbuck ยท 1 points ยท Posted at 01:58:59 on June 23, 2016 ยท (Permalink)
I'm going to say no unless you're living in poverty this is in the states of course, the only problem is that there are quite a few people in poverty
carlitor ยท 1 points ยท Posted at 01:48:45 on June 23, 2016 ยท (Permalink)
That's essentially a weird way of describing the American Dream. A very American shower thought.
throwitupwatchitfall ยท 1 points ยท Posted at 01:51:58 on June 23, 2016 ยท (Permalink)
A million in a day? Maybe if you're a hot girl and you do a lot of depraved acts to some perverted billionaire.
[deleted] ยท 1 points ยท Posted at 01:53:03 on June 23, 2016 ยท (Permalink)
Cognitive dissonance is the plague of the human condition. You know exactly what you need to do - study ahead of time, ask that girl out, network for that job - but you don't do it. Immediate gratification (porn, video games, TV shows, sleeping) is a drug.
Catfishbuck ยท 2 points ยท Posted at 01:57:36 on June 23, 2016 ยท (Permalink)
And then you do real drugs and then sit on the couch more lol
Attila_22 ยท 1 points ยท Posted at 01:53:27 on June 23, 2016 ยท (Permalink)
The only action you need is to buy the right lottery ticket.
alpha_centauri3 ยท 1 points ยท Posted at 01:54:28 on June 23, 2016 ยท (Permalink)
Wow...I like this one. Crazy to think about.
[deleted] ยท 1 points ยท Posted at 01:55:42 on June 23, 2016 ยท (Permalink)
Try buy gun. Drive to bank. Point gun towards bank teller. Ask for $1 million. Tell me how that goes
RockstarMonkey ยท 1 points ยท Posted at 01:57:19 on June 23, 2016 ยท (Permalink)
There's a movie about this.
TDOG951 ยท 1 points ยท Posted at 01:58:21 on June 23, 2016 ยท (Permalink)
beginning thoughts of a bankrobber
"EUREKA! its all so simple!"
TheGrovestar ยท 1 points ยท Posted at 02:05:30 on June 23, 2016 ยท (Permalink)
What is this
Cronoadvan ยท 1 points ยท Posted at 02:05:37 on June 23, 2016 ยท (Permalink)
You should follow the Trump example: Be born into a family of multi generational swindlers.
[deleted] ยท 1 points ยท Posted at 02:05:52 on June 23, 2016 ยท (Permalink)
On just about any given day there are stocks with options, and those stocks spiking or crashing double-digit percentages. Buying puts or calls on the underlying could make you a millionaire on one trade with $10,000 at risk... if only you knew which stock was going to do that. It's often some drug company that either gets approval or doesn't. Total crap shoot unless you're doing something illegal.
xaladin ยท 1 points ยท Posted at 02:11:44 on June 23, 2016 ยท (Permalink)
Yep, and I need some kind of drug like in Limitless or Lucy that shows me the path.
CTU ยท 1 points ยท Posted at 02:12:41 on June 23, 2016 ยท (Permalink)
Buy a winning lottery ticket for one :P
stkflndeosgdog ยท 1 points ยท Posted at 02:15:10 on June 23, 2016 ยท (Permalink)
And yet somehow my shower thoughts never get upvoted....
IamJuma ยท 1 points ยท Posted at 02:21:49 on June 23, 2016 ยท (Permalink)
Love it so simple so true ๐๐
pomarf ยท 1 points ยท Posted at 02:22:50 on June 23, 2016 ยท (Permalink)
Step 1: Find someone with 1 million dollars.
Step 2: Steal that 1 million dollars.
Two actions, that's all it takes.
_afox_ ยท 1 points ยท Posted at 02:22:55 on June 23, 2016 ยท (Permalink)
Step 1. Rob a bank.
Step 2. ?
Step 3. Millionaire.
ChipsHandon12 ยท 1 points ยท Posted at 02:23:44 on June 23, 2016 ยท (Permalink)
take all your money and put it on black. then on red. then black again. etc
zachalicious ยท 1 points ยท Posted at 02:27:55 on June 23, 2016 ยท (Permalink)
Just step in front of a Rolls Royce. Especially if you just saw the driver leave a bar.
[deleted] ยท 1 points ยท Posted at 02:29:46 on June 23, 2016 ยท (Permalink)
Rob a bank. Now you know.
almostagolfer ยท 1 points ยท Posted at 02:40:03 on June 23, 2016 ยท (Permalink)
Banks have surprisingly little cash on hand. Certainly not a million dollars. Probably not even $20,000 at most branches.
[deleted] ยท 1 points ยท Posted at 04:34:13 on June 23, 2016 ยท (Permalink)
*Rob a casino? Or a vault? Or maybe the mint? All that cash must be somewhere.
almostagolfer ยท 1 points ยท Posted at 04:57:13 on June 23, 2016 ยท (Permalink)
Nope. Too many people using plastic. All of the cash is under the mattresses of immigrants.
[deleted] ยท 1 points ยท Posted at 06:10:02 on June 23, 2016 ยท (Permalink)
*Rob some immigrants
almostagolfer ยท 1 points ยท Posted at 16:06:56 on June 24, 2016 ยท (Permalink)
But we don't know where they are. Our government can't even find them.
[deleted] ยท 1 points ยท Posted at 02:38:02 on June 23, 2016 ยท (Permalink)
Rich people trade today on tomorrows information...
elfroggo69 ยท 1 points ยท Posted at 02:38:55 on June 23, 2016 ยท (Permalink)
Move to Zimbabwe.
azure17 ยท 1 points ยท Posted at 02:43:17 on June 23, 2016 ยท (Permalink)
Even if there exists a finite set of steps, it could be entirely possible that the steps could not be done within the span of a single day.
Wrightsguineapig ยท 1 points ยท Posted at 02:46:20 on June 23, 2016 ยท (Permalink)
Steal a million dollars.
ryan49321 ยท 1 points ยท Posted at 02:51:47 on June 23, 2016 ยท (Permalink)
Buy Lottery ticket, win lottery, then collect
olegreggg ยท 1 points ยท Posted at 02:55:26 on June 23, 2016 ยท (Permalink)
Get out there and just DO IT!!!
bigdoghogfrog ยท 1 points ยท Posted at 02:55:53 on June 23, 2016 ยท (Permalink)
I'm guessing the first step is to get off Reddit. Good luck with that
Basquests ยท 1 points ยท Posted at 02:58:06 on June 23, 2016 ยท (Permalink)
There also exists many sets of finite actions that, if performed in the correct order, would ensure the death of you and your family today.
Lifes all about probabilities.
SuperEvan200 ยท 1 points ยท Posted at 03:09:08 on June 23, 2016 ยท (Permalink)
like buying bitcoin before 2013.
dczx ยท 1 points ยท Posted at 03:12:06 on June 23, 2016 ยท (Permalink)
Zelazny talks about a realm invoked by "walking the pattern" It is the key to the very fabric of existence as well as what defines the royal family who is intimately tied to it.
Bud-Chieftain ยท 1 points ยท Posted at 03:13:56 on June 23, 2016 ยท (Permalink)
Algorithms man...
murkle8832 ยท 1 points ยท Posted at 03:15:47 on June 23, 2016 ยท (Permalink)
Those actions might also be things you wouldn't be proud of. You might even be ashamed of them. Being rich is not worth living a life of regret.
FrogMasta27 ยท 1 points ยท Posted at 03:34:22 on June 23, 2016 ยท (Permalink)
Sure, but in the current society most of them are vile and any decent person would want no part of them.
terrancemac ยท 1 points ยท Posted at 03:34:49 on June 23, 2016 ยท (Permalink)
Rob a bank
LanceAvion ยท 1 points ยท Posted at 03:41:10 on June 23, 2016 ยท (Permalink)
That's easy OP, write the six digits needed to fill out a Mega Millions/Powerball ticket.
Arqideus ยท 1 points ยท Posted at 03:48:43 on June 23, 2016 ยท (Permalink)
Not necessarily.
"There exists a set of finite actions that, if I performed them in the correct order, would allow me to fly (without machinery) in a day." Maybe some other universe has a different set of rules to allow it to happen given the constraints, but in this universe, flying by myself wouldn't be possible.
The same goes for your set of constraints. It might be possible in this universe (I'm not a time/space/spacetime/universe lord/master/guru/whatever), but very unlikely nor can you say with a certainty that it is possible.
InertBaller ยท 1 points ยท Posted at 03:51:26 on June 23, 2016 ยท (Permalink)
I often think this way in terms of words and keeping my boyfriend around.
Either way, not very healthy.
MrNudeGuy ยท 1 points ยท Posted at 03:54:02 on June 23, 2016 ยท (Permalink)
If only you could piece together the right combination of letters to communicate the actions to be a millionaire
preduxz ยท 1 points ยท Posted at 04:01:08 on June 23, 2016 ยท (Permalink)
Step 1. Rob a bank Step 2. Repeat
AnyGoodNamesLeft ยท 1 points ยท Posted at 04:04:57 on June 23, 2016 ยท (Permalink)
Most of those scenarios would probably leave you broke in a week though.
saldulks ยท 1 points ยท Posted at 04:07:29 on June 23, 2016 ยท (Permalink)
yup, that is correct - I am trying them all out every day - I am on my 10585th iteration.
bigyellowjoint ยท 1 points ยท Posted at 04:08:36 on June 23, 2016 ยท (Permalink)
Step 1: Walk into busy street
Step 2: Get hit by city bus.
You may have to repeat these steps once or twice, but you'd get there pretty quick.
ScribebyTrade ยท 1 points ยท Posted at 04:22:44 on June 23, 2016 ยท (Permalink)
A b a b select start
[deleted] ยท 1 points ยท Posted at 04:25:48 on June 23, 2016 ยท (Permalink)
You could perform some bash commands that would zero day hack into a big crypto exchange?
LightHouseMaster ยท 1 points ยท Posted at 04:28:13 on June 23, 2016 ยท (Permalink)
Do those actions involve automatic weapons, a ski mask, a fast car and a dancing circus chimp?
[deleted] ยท 1 points ยท Posted at 04:28:19 on June 23, 2016 ยท (Permalink)
Buy a lottery ticket. Win. Collect.
phantomdc4 ยท 1 points ยท Posted at 04:34:09 on June 23, 2016 ยท (Permalink)
How does a shit post like this have soo many upvotes?
Programmed_strand ยท 1 points ยท Posted at 04:36:02 on June 23, 2016 ยท (Permalink)
Not only your actions, the actions of countless other individuals would also impact your outcomes... Individual probabilities multiplied and hence overall outcome probability reduced
someoneinsignificant ยท 1 points ยท Posted at 04:49:26 on June 23, 2016 ยท (Permalink)
shakeene ยท 1 points ยท Posted at 04:49:44 on June 23, 2016 ยท (Permalink)
sigh. done with today, thank goodness there's only 11 mins left of it
bacitoto-san ยท 1 points ยท Posted at 04:53:35 on June 23, 2016 ยท (Permalink)
Step 1: Get to the front page
Step 2:Share karma with /u/bacitoto-san
Turdulator ยท 1 points ยท Posted at 04:54:51 on June 23, 2016 ยท (Permalink)
I know all of the steps: 1. Go to store 2. Pick up lottery ticket 3. Pick the correct numbers 4. Pay for lottery ticket
commanderlestat ยท 1 points ยท Posted at 04:56:49 on June 23, 2016 ยท (Permalink)
Try pressing the following buttons in the correct order Up -down -B B B then press and hold the left shoulder button!
spoilingattack ยท 1 points ยท Posted at 05:01:29 on June 23, 2016 ยท (Permalink)
Step 1: Rob armored car Step 2: Go to St. Kitts and Nevis, quickly. Step 3: Spend wisely.
boganisu2 ยท 1 points ยท Posted at 05:02:12 on June 23, 2016 ยท (Permalink)
Robbing a millionaire?
shnrrrr ยท 1 points ยท Posted at 05:05:56 on June 23, 2016 ยท (Permalink)
This is when you need future Biff to come back and tell you.
rulejunior ยท 1 points ยท Posted at 05:28:32 on June 23, 2016 ยท (Permalink)
The actions you are looking for are as follows:
Up, up, down, down, left, right, left, right, b, a
Bsmoove88 ยท 1 points ยท Posted at 06:21:14 on June 23, 2016 ยท (Permalink)
Select start... you are welcome
DontClickMeThere ยท 1 points ยท Posted at 05:32:53 on June 23, 2016 ยท (Permalink)
Just 6 steps needed and finite.
By placing 6 dots on this powerball ticket.... profit! Simple right? =)
theembodimentofsleep ยท 1 points ยท Posted at 05:33:07 on June 23, 2016 ยท (Permalink)
And I could tell you how with a down payment of $999,999.99!
typingmythoughts ยท 1 points ยท Posted at 05:39:44 on June 23, 2016 ยท (Permalink)
/r/getmotivated
[deleted] ยท 1 points ยท Posted at 05:44:23 on June 23, 2016 ยท (Permalink)
Step 1. Steal underpants.
Step 2. ???
Step 3. Profit!
aciakatura ยท 1 points ยท Posted at 05:50:45 on June 23, 2016 ยท (Permalink)
Buy shares. Which company is going to skyrocket I don't know.
SeventeenCoins ยท 1 points ยท Posted at 05:55:54 on June 23, 2016 ยท (Permalink)
Jesus christ these suck recently
matheod ยท 1 points ยท Posted at 05:58:44 on June 23, 2016 ยท (Permalink)
Tell that to the born death baby !
Treedanglingonasloth ยท 1 points ยท Posted at 06:02:07 on June 23, 2016 ยท (Permalink)
pdxchris ยท 1 points ยท Posted at 06:07:21 on June 23, 2016 ยท (Permalink)
Similarly, I always see people much less intelligent than myself making a lot more money than I do. I have always wondered what the secret to being over paid is.
lxlqlxl ยท 1 points ยท Posted at 07:18:03 on June 23, 2016 ยท (Permalink)
There are a few possible reasons... Who you were born to, like winning the genetic lottery, and or financial lottery. Your family ties and everything that goes along with it. It can also be by who you know, and who you blow. The rest pretty much boils down to luck in other ways, like what situations and circumstances you find yourself in at different points of your life. What opportunities you take, what you pass up, etc.
Seeing as we cannot with absolute certainty predict the future, you could come to two opportunities, the first being the clear better choice as it offers the best results as you see them, but that could easily fall through and the second option could eventually pay off a hell of a lot more than the first.
[deleted] ยท 1 points ยท Posted at 06:12:10 on June 23, 2016 ยท (Permalink)
On a darker note, there also exist a set of finite actions that, if performed properly, could indirectly kill you in the future, whether it be a matter of days or decades.
[deleted] ยท 1 points ยท Posted at 06:13:57 on June 23, 2016 ยท (Permalink)
Step 1: Steal underpants. Step 2: ??? Step 3: Profit.
It really is just that simple.
notapersonplacething ยท 1 points ยท Posted at 06:35:26 on June 23, 2016 ยท (Permalink)
10, 9, 8, 7, 6, 5, quarters, 3, 2
madpenguin ยท 1 points ยท Posted at 06:36:46 on June 23, 2016 ยท (Permalink)
Yes, you do. Now go get the gun.
BirdParent ยท 1 points ยท Posted at 06:40:41 on June 23, 2016 ยท (Permalink)
...or what repercussions exist in the following days.
frogcloner ยท 1 points ยท Posted at 06:44:58 on June 23, 2016 ยท (Permalink)
SkatingOnThinIce ยท 1 points ยท Posted at 06:51:43 on June 23, 2016 ยท (Permalink)
Steps: 1. Get a lottery ticket 2. Pick right numbers 3. Wait 4. Millionaire.
Now you know the steps.
usethisdamnit ยท 1 points ยท Posted at 06:54:26 on June 23, 2016 ยท (Permalink)
Bitcoin
AlexAndertheAble ยท 1 points ยท Posted at 07:03:13 on June 23, 2016 ยท (Permalink)
For the curious, here's the answer: http://2013hoaxblog.s3.amazonaws.com/hilton_poor.jpg
Dr_Doctor_Doc ยท 1 points ยท Posted at 07:03:19 on June 23, 2016 ยท (Permalink)
If you successfully chose and parlayed every bet for every race at the Kentucky derby you could effectively with close to half a billion dollars.
EnderWill ยท 1 points ยท Posted at 07:03:21 on June 23, 2016 ยท (Permalink)
What if you could also short the biggest loser of the day? Would that work out better?
Korrasch ยท 1 points ยท Posted at 07:03:50 on June 23, 2016 ยท (Permalink)
1.) Rob bank.
2.) ?????
3.) Millionaire
Fig1024 ยท 1 points ยท Posted at 07:10:59 on June 23, 2016 ยท (Permalink)
and vast majority of them are illegal
[deleted] ยท 1 points ยท Posted at 07:16:17 on June 23, 2016 ยท (Permalink)
Get a gun. Rob a bank.
TheProdigis ยท 1 points ยท Posted at 07:17:18 on June 23, 2016 ยท (Permalink)
Step 1: ???
Step 2: ???
Step 3: Profit.
kisordog ยท 1 points ยท Posted at 07:22:20 on June 23, 2016 ยท (Permalink)
Smithburg01 ยท 1 points ยท Posted at 07:23:56 on June 23, 2016 ยท (Permalink)
Find Millionaire
Kill Millionaire
Skin Millionaire
Wear Millionaire's skin
Pretend to be Millionaire
Get Millionaire's money
thickrickthunder ยท 1 points ยท Posted at 07:28:13 on June 23, 2016 ยท (Permalink)
RemindMe! 2 hours
Poppy_Tears ยท 1 points ยท Posted at 07:31:47 on June 23, 2016 ยท (Permalink)
Eji1700 ยท 1 points ยท Posted at 07:33:40 on June 23, 2016 ยท (Permalink)
Actually I think it's somewhat interesting that it's possible, depending on your position, that there isn't a way to become a millionaire in a single day simply due to how the movement of money and most other options has significant enforced delays.
Although I suppose if you're anywhere where gambling is legal something like 20 correct bets on a roulette wheel should do it.
suchamazewow ยท 1 points ยท Posted at 07:34:41 on June 23, 2016 ยท (Permalink)
well not in a day but if you have 50 years r/personalfinance likes to think so too
sh41 ยท 1 points ยท Posted at 07:35:07 on June 23, 2016 ยท (Permalink)
There are many such sets, but most of them would involve you gaining the money at the expense of someone else losing it (e.g., steal, win a lottery or gambling, stock market, etc.).
I'm more interested in sets where you actually create value of that amount, in a day. It's probably still possible (e.g., maybe building some technology from far future), but much harder.
kajeagentspi ยท 1 points ยท Posted at 07:42:16 on June 23, 2016 ยท (Permalink)
You just need to open your hidden console and type hesoyam
Gwinjey ยท 1 points ยท Posted at 07:47:59 on June 23, 2016 ยท (Permalink)
Suppose there an infinite number of such finite sets of actions.
kksgandhi ยท 1 points ยท Posted at 07:54:48 on June 23, 2016 ยท (Permalink)
Contessa is that you?
imPaprik ยท 1 points ยท Posted at 07:54:51 on June 23, 2016 ยท (Permalink)
The most realistic of which are probably:
But that's a pretty temporary million right there.
Stolzieren__ ยท 1 points ยท Posted at 07:59:22 on June 23, 2016 ยท (Permalink)
Step one: cut a hole in the box
markbelarde ยท 1 points ยท Posted at 08:01:57 on June 23, 2016 ยท (Permalink)
401k bro
all4reddit ยท 1 points ยท Posted at 08:06:46 on June 23, 2016 ยท (Permalink)
There exists a set of finite actions that, if I performed them in the correct order, would make me a dead in a day. I just don't know what they are.
Much easier to figure out this one!
Harleyquincey ยท 3 points ยท Posted at 10:27:37 on June 23, 2016 ยท (Permalink)
continues swallowing bleach
What do you mean?
geekonamotorcycle ยท 1 points ยท Posted at 08:16:24 on June 23, 2016 ยท (Permalink)
Step 1 be born into a wealthy family.
SavageAF89 ยท 1 points ยท Posted at 08:21:12 on June 23, 2016 ยท (Permalink)
Phase 1... Steal underpants Phase 2... ... Phase 3... Profit!!
Enjoy_it ยท 1 points ยท Posted at 09:11:51 on June 23, 2016 ยท (Permalink)
Learn Forex. Can make you a millionaire or completely broke.
ubern00by ยท 1 points ยท Posted at 10:25:44 on June 23, 2016 ยท (Permalink)
All in on red
zepedrodosxutos ยท 1 points ยท Posted at 10:33:54 on June 23, 2016 ยท (Permalink)
maybe this is the first one
kfman18 ยท 1 points ยท Posted at 10:43:09 on June 23, 2016 ยท (Permalink)
Rob a bank it's simple
redditcrip ยท 1 points ยท Posted at 10:47:18 on June 23, 2016 ยท (Permalink)
*billionaire
crackpotmenot ยท 1 points ยท Posted at 11:38:42 on June 23, 2016 ยท (Permalink)
I do know the proper sequence of actions. Send me money for the answer.
[deleted] ยท 1 points ยท Posted at 11:43:38 on June 23, 2016 ยท (Permalink)
In about 90 seconds, I can make a random series of taps on my phone that would either order a pizza, or have me put in a federal prison.
codythecoder ยท 1 points ยท Posted at 12:11:37 on June 23, 2016 ยท (Permalink)
Hard mode: you have to do it without gambling.
Forbizzle ยท 1 points ยท Posted at 12:15:18 on June 23, 2016 ยท (Permalink)*
1) Get a job
2) Pay off Debt
3) Invest in simple funds (index funds will do) or a house
4) Wait
The truth is, you'll be a millionaire before you retire. The shame is inflation has brought that title down the point that anybody that owns a house in a major city these days is a millionaire. Also you'll need that money to live the rest of your life off of.
greatslyfer ยท 1 points ยท Posted at 12:20:33 on June 23, 2016 ยท (Permalink)
Except that not everyone has an available path to becoming a millionaire since different positions mean different ending positions.
duckshoe2 ยท 1 points ยท Posted at 13:19:34 on June 23, 2016 ยท (Permalink)
Put every dime you can beg, steal or borrow on a "short" position in a volatile currency. If you're right, you become George Soros. If you're wrong, well....
eth_throw ยท 1 points ยท Posted at 13:24:16 on June 23, 2016 ยท (Permalink)
There is some interesting theory on this.
i.e. Along the lines of "If you can afford to lose 999 days out of 1000, you will be a multi, multi-squillionaire."
Eventually, there will be another 'black-swan' type event, absolutely. Like the 2008 financial collapse, etc etc. The problem is, when?
The markets can stay 'irrational', longer than you can stay solvent.
duckshoe2 ยท 1 points ยท Posted at 13:54:03 on June 23, 2016 ยท (Permalink)
Hah! I like that better than the maybe-Morgan, maybe-Rockefeller line ("what will stocks do?" "Fluctuate, my boy...")
eth_throw ยท 1 points ยท Posted at 14:13:01 on June 23, 2016 ยท (Permalink)
John Maynard Keynes
"Markets can remain irrational longer than you can remain solvent."
duckshoe2 ยท 1 points ยท Posted at 14:46:36 on June 23, 2016 ยท (Permalink)
Well, even if it wasn't your coinage you're still a wit for knowing it.
IDownvotecomicbooks ยท 1 points ยท Posted at 14:24:52 on June 23, 2016 ยท (Permalink)
Easy, just suck 100 million dicks
hwc ยท 1 points ยท Posted at 14:40:09 on June 23, 2016 ยท (Permalink)
Step 1 is to write down the private keys that correspond to the richest bitcoin addresses.
Baturinsky ยท 1 points ยท Posted at 14:57:23 on June 23, 2016 ยท (Permalink)
There is also probably a set of actions that you can in a day do to ensure the extinction of humanity.
Cofmatic ยท 1 points ยท Posted at 15:59:44 on June 23, 2016 ยท (Permalink)
Phase 1- collect underpants Phase 2- ? Phase 3- profit
tiny-alchemist ยท 1 points ยท Posted at 19:46:37 on June 23, 2016 ยท (Permalink)
We're on to you Piper Chapman.
jacobslighthouse ยท 1 points ยท Posted at 16:18:54 on June 23, 2016 ยท (Permalink)
The only way you can become a millionaire is if you cheat and swindle money from other people. Welcome to Capitalism.
catfroman ยท 1 points ยท Posted at 17:18:26 on June 23, 2016 ยท (Permalink)
Capitalism is about providing value and a competitive edge to your customers to gain loyalty. Swindlers never last very long.
jacobslighthouse ยท 1 points ยท Posted at 04:02:07 on June 24, 2016 ยท (Permalink)
Sure it is, you keep drinking that koolaid. Capitalism was a sham since day one.
vx3tZ ยท 1 points ยท Posted at 16:18:59 on June 23, 2016 ยท (Permalink)
sell your family member organs
SuckADickDumbShits ยท 1 points ยท Posted at 22:35:19 on June 23, 2016 ยท (Permalink)
Assuming these actions are written down in a Word file and all the information you need is written in a single sentence (about 15-25 words); then your potential million dollar payday is hidden in a document of 14.8 KB. Now 14.8 KB is 118400 bits. Bits can be either a 1 or a 0. Using this information, we can easily see that all of the possible bit outcomes are contained within 2118400. So our single outcome would be 1/(2118400) or very roughly 1.12x10-35642. So ultimately you have a 1.12x10-35640% chance of seeing the key to success.
derindel ยท 1 points ยท Posted at 23:25:48 on June 23, 2016 ยท (Permalink)
It's easy. Just win the lottery. I don't know why more people don't do this.
superufo ยท 1 points ยท Posted at 02:20:40 on June 24, 2016 ยท (Permalink)
There is an infinite number of these finite action sets! :)
Cool_Cat_J ยท 1 points ยท Posted at 03:34:14 on June 25, 2016 ยท (Permalink)
Yeah this is true. I feel I enjoy buying and selling making a steady but fast profit rather then waiting. Many ways to play the game.
haydiddy ยท 1 points ยท Posted at 09:56:20 on June 29, 2016 ยท (Permalink)
A literal example of this would be the lottery.
[deleted] ยท 2 points ยท Posted at 22:34:28 on June 22, 2016 ยท (Permalink)
[deleted]
Subhazard ยท 1 points ยท Posted at 02:00:44 on June 23, 2016 ยท (Permalink)
Well it aint that
H8-Bit ยท 1 points ยท Posted at 02:49:19 on June 23, 2016 ยท (Permalink)
I'm almost tempted gild you, just to be a cunt.
Almost.
Rhazior ยท 1 points ยท Posted at 21:47:34 on June 22, 2016 ยท (Permalink)
Up, up, down, down, left, right, left, right, B, A, Select, Start.
triloknight ยท 1 points ยท Posted at 22:57:24 on June 22, 2016 ยท (Permalink)
select and start aren't part of the code.
PenguinsAttackAtDawn ยท 1 points ยท Posted at 23:16:48 on June 22, 2016 ยท (Permalink)
Aaaaaand bacon
omar-badreldin ยท 1 points ยท Posted at 22:31:43 on June 22, 2016 ยท (Permalink)
Or maybe there just isn't.
tling ยท 1 points ยท Posted at 23:01:09 on June 22, 2016 ยท (Permalink)
There probably is, though, if is American and near a computer. Be thankful for your opportunities! For many people in this world, there is no way. People in countries without a lottery. People without the skills to rob a bank. People in a nursing home or prison.
omar-badreldin ยท 1 points ยท Posted at 23:52:52 on June 22, 2016 ยท (Permalink)
Actually, I'm not in america. I'm in a third world country.
tling ยท 1 points ยท Posted at 01:29:36 on June 23, 2016 ยท (Permalink)
Do you think there's a way for you to take a million dollars in a day, starting from where you are now, Groundhog-day style?
SasparillaTango ยท 1 points ยท Posted at 22:47:18 on June 22, 2016 ยท (Permalink)
There are a finite set of actions that could get me laid, and I'll never get them right again.
TiePoh ยท 1 points ยท Posted at 23:26:33 on June 22, 2016 ยท (Permalink)
This is not how infinite possibilities work.
bbennett36 ยท 1 points ยท Posted at 23:41:25 on June 22, 2016 ยท (Permalink)
It's called get off of reddit and create a business
befellen ยท 1 points ยท Posted at 02:03:47 on June 23, 2016 ยท (Permalink)
Yes, get off reddit. Start a business? I'm not so sure about that.
bbennett36 ยท 1 points ยท Posted at 02:47:36 on June 23, 2016 ยท (Permalink)
Ok be broke and work a 9-5 the rest of your life :)
befellen ยท 1 points ยท Posted at 07:36:47 on June 23, 2016 ยท (Permalink)
It's great to start a business. However, it's not a fix-all solution nor should it be. Most businesses fail. For those who are cut out for it, it can turn out, but even for those who are cut out for it, they certainly don't all become millionaires.
I work/worked for at least seven people who have started their own businesses, none of them became millionaires or even became wealthy. They don't regret it because they love their work but it's not a sure-fire way to get wealthy.
bbennett36 ยท 1 points ยท Posted at 10:12:43 on June 23, 2016 ยท (Permalink)
If you want to become a millionaire that's your best bet. You won't become a millionaire working for somebody anytime soon. Maybe if you save for 40 years but who wants to wait until they're old until they get rich?
befellen ยท 1 points ยท Posted at 20:00:46 on June 24, 2016 ยท (Permalink)
Go ask ten random business owners and see if they agree.
bbennett36 ยท 1 points ยท Posted at 20:35:23 on June 24, 2016 ยท (Permalink)
I am a business owner lol
befellen ยท 1 points ยท Posted at 20:56:49 on June 24, 2016 ยท (Permalink)
Right, but are you a millionaire? lol
bbennett36 ยท 1 points ยท Posted at 21:24:20 on June 24, 2016 ยท (Permalink)
I'm only 22 so not yet my man. I will be soon though :)
befellen ยท 1 points ยท Posted at 21:35:35 on June 24, 2016 ยท (Permalink)
Therein lies the rub.
PostyMcPostface ยท 1 points ยท Posted at 00:49:23 on June 23, 2016 ยท (Permalink)
The same thing can be said for getting laid.
stevema1991 ยท 1 points ยท Posted at 00:58:24 on June 23, 2016 ยท (Permalink)
so keep this a secret, but this is the set of actions to unlock what ever you want:
up, up, down, down, left, right, left, right, B, A
spockspeare ยท 1 points ยท Posted at 01:26:40 on June 23, 2016 ยท (Permalink)
99.99999% of the possibilities are criminal. The other 0.00001% are literally random.
xiutehcuhtli ยท 1 points ยท Posted at 02:39:04 on June 23, 2016 ยท (Permalink)
Step 1) Find angry wife in the Hamptons
Step 2) Murder anger causing husband
Step 3) ?????
Step 4) Million
rviveros ยท 1 points ยท Posted at 03:56:09 on June 23, 2016 ยท (Permalink)
Reminds of another shower thought. A 1080p screen has 2,073,600 pixels. There is a finite combination and sequence of pixels lighting up that can show you your entire future, whether 5 minutes from now or 30 years, still a finite combination.
catfroman ยท 1 points ยท Posted at 17:38:18 on June 23, 2016 ยท (Permalink)
Hell, you can get a low-res fortune-telling with a lot less pixels.
Justmy2cUK ยท 1 points ยท Posted at 06:14:23 on June 23, 2016 ยท (Permalink)
Working hard and working for yourself dramatically increases the probability you will make millions. Almost no one wins the lottery, the stock market is a form of gambling. Bet on yourself and work your arse off and by the time you are 40 you will have your millions or you will have realised that money is not that important to you. good luck.
eth_throw ยท 1 points ยท Posted at 13:19:57 on June 23, 2016 ยท (Permalink)*
Well, this hacker did it in a day, just last Friday.
http://etherscan.io/address/0x304a554a310c7e546dfe434669c62820b7d83490
3,641,694.24 units of Ether, currently worth $46m USD. At the time, it was $60m, but the price fell, ironically, because of the hack.
Here are the steps: http://hackingdistributed.com/2016/06/18/analysis-of-the-dao-exploit/
In fact, the hack is still vulnerable. You could actually do it today yourself.
Problem is, Mr Hacker wont get the money 'cause developers.
Poor Mr Hacker.
Still, he made a fortune shorting ETH right before the hack, as can be seen here: https://www.coingecko.com/en/price_charts/ethereum/usd/14_days
Which he will keep.
Good work, Mr Hacker.
;-)
And yes, those steps are already right there, in the library of babel: https://libraryofbabel.info/bookmark.cgi?zeuxkiv85
Cometzz ยท -1 points ยท Posted at 02:11:45 on June 23, 2016 ยท (Permalink)
Ooh! I know what the actions are!
If you're in America, you can easily get a gun because of our shitty gun control laws, so get one of those. Then get a ski mask and gloves and go to your local bank. You just walk in the bank with the ski mask and the gloves on, carrying the gun. Then, you ask for all the money they have and they'll give it to you!
lifehax
DankyTheChristmasPoo ยท 1 points ยท Posted at 02:28:37 on June 23, 2016 ยท (Permalink)
Look at you dragging gun control into this, very subtle.
TheEgyptianNinja ยท 1 points ยท Posted at 02:34:41 on June 23, 2016 ยท (Permalink)
Tht wasnt subtle at all
Cometzz ยท 1 points ยท Posted at 05:26:54 on June 23, 2016 ยท (Permalink)
He was being sarcastic I think...
TheEgyptianNinja ยท 1 points ยท Posted at 06:30:41 on June 23, 2016 ยท (Permalink)
So was i
Cometzz ยท 1 points ยท Posted at 05:27:50 on June 23, 2016 ยท (Permalink)
To be honest I hate when people do shit like this, especially on Reddit. So after this comment I would generally delete my post except I still like the general idea.
Dick-Punch-Man ยท 0 points ยท Posted at 22:26:16 on June 22, 2016 ยท (Permalink)
BUying a lottery ticket, it being your lucky day.
panchojulio ยท 0 points ยท Posted at 02:35:22 on June 23, 2016 ยท (Permalink)
No there isn't. Free will is an illusion, either you will or you won't based on events set in motion at the beginning of existence.
-aurelius ยท 1 points ยท Posted at 02:58:33 on June 23, 2016 ยท (Permalink)
Going to use this next time I get into an argument with an objectivist.
panchojulio ยท 2 points ยท Posted at 03:06:05 on June 23, 2016 ยท (Permalink)
Just point out how they consider there to be a meaning of life, and how that's ridiculous.
[deleted] ยท 0 points ยท Posted at 02:39:29 on June 23, 2016 ยท (Permalink)
[deleted] ยท 0 points ยท Posted at 02:48:45 on June 23, 2016 ยท (Permalink)
Step One: Go to college
Step Two: Go to med school
Step Three: Become a doctor
Step Four: Work your way to a million dollars+
Roughly four steps, but who's got the time/energy for that shit?
[deleted] ยท 2 points ยท Posted at 03:39:07 on June 23, 2016 ยท (Permalink)
[deleted]
[deleted] ยท 1 points ยท Posted at 04:44:41 on June 23, 2016 ยท (Permalink)
With enough luck or brains sure. But that is one of the "simplest" ways.
Oznog99 ยท 0 points ยท Posted at 02:51:52 on June 23, 2016 ยท (Permalink)*
8:47AM: 13272
10:12AM: take the square of your age, count down to the nearest prime, then add the remainer you get when you divide the number of days since August 12th, 1998 by 17. Figure out which direction is Kent, Washington, call that 0 deg, and take the number you have and use that as deg from 0. Walk in that direction.
1:13PM: the first person you see wearing green, if your nearest living relative is female. If male, go with blue. This person will be critical. Good luck.
2:43PM: Don't go for it. It's a trap.
5:02PM: search reddit for your middle name. Do whatever the 3rd link might suggest.
Quantumstinger ยท 0 points ยท Posted at 03:00:11 on June 23, 2016 ยท (Permalink)
Yes there are. But they involve a bank, a mask, and a gun or a really big intimidating knife.
Yokies ยท 0 points ยท Posted at 03:02:41 on June 23, 2016 ยท (Permalink)
This is actually true. Not just a millionaire, possibly a multimillionaire.
1) Bought all the winning numbers of the lottery
2) Traded every possible highly leveraged trade on derivatives in said one day, with all trades being on the right side.
3) Profit!
penguin_panda ยท 0 points ยท Posted at 03:04:27 on June 23, 2016 ยท (Permalink)
There are only four steps
Step 1: Buy a lottery ticket Step 2: Wait for the result Step 3: If you win, end. Step 4: If you don't get a Job and go to Step 1 and repeat
anthonywg420 ยท 0 points ยท Posted at 03:08:38 on June 23, 2016 ยท (Permalink)
And some people who are already millionaires make millions every day and think nothing of it
Megssister ยท 0 points ยท Posted at 03:12:02 on June 23, 2016 ยท (Permalink)
Step 1: Steal the underpants. Step 2: ... Step 3: Money!
klemon ยท 0 points ยท Posted at 03:14:44 on June 23, 2016 ยท (Permalink)
1) Find someone with asset of $10,000,000.
2) Take $9,000,000 out of his pocket.
3) Voila a millionaire.
thatisbadtouch ยท 0 points ยท Posted at 03:50:16 on June 23, 2016 ยท (Permalink)
1: steal underpants 2: ??? 3: profit!
oby1mynobies ยท 0 points ยท Posted at 03:52:11 on June 23, 2016 ยท (Permalink)
Buy lotto ticket
Win 1000000$
Kraz_I ยท 0 points ยท Posted at 03:53:05 on June 23, 2016 ยท (Permalink)
OP, I'm wondering if you study[ied] math or logic in university because you're talking in terms of sets.
Your thought reminds me of Rayo's number, which is the lowest integer greater than the highest number expressible in a googol symbols in the language of set theory. The problem is, there is no way to compute this number.
Likewise, it is possibly impossible to compute the steps required to make a million dollars or more in a day.
Hobbs512 ยท 0 points ยท Posted at 03:56:16 on June 23, 2016 ยท (Permalink)
Step one: Choose the correct lotto number
done
Hobbs512 ยท 0 points ยท Posted at 03:56:19 on June 23, 2016 ยท (Permalink)
Step one: Choose the correct lotto number
done
Nobartholem ยท 0 points ยท Posted at 03:58:58 on June 23, 2016 ยท (Permalink)
Step 1. Walk into bank
Step 2. Rob it for $1 million
Step 3. Profit...
wait you already profited in step two. Nvm there are only two stepsErnst99 ยท 0 points ยท Posted at 04:02:36 on June 23, 2016 ยท (Permalink)
Step 1: Reddit post
Step 2:
Step 3: collect 1 million dollars
I already did 2/3 of it for you and expect compensation.
youlikeupvotebrah ยท 0 points ยท Posted at 04:09:52 on June 23, 2016 ยท (Permalink)
This line of thinking is actually kind of dangerous. "There exists a set of finite actions that, if I performed them in the correct order, would stop my father from committing suicide."
[deleted] ยท 0 points ยท Posted at 04:19:50 on June 23, 2016 ยท (Permalink)
Depending on how you define an action it may not be finite.
PansOnFire ยท 0 points ยท Posted at 04:21:18 on June 23, 2016 ยท (Permalink)
Step 1. ?
Step 2. ?
Step 3. ?
...
Step N. Profit
[deleted] ยท 0 points ยท Posted at 06:13:39 on June 23, 2016 ยท (Permalink)
There might even be an infinite number of unique sets of finite actions that could be done in a specific order that would make you a millionaire. An infinite set of sets.
_TheConsumer_ ยท 0 points ยท Posted at 07:38:43 on June 23, 2016 ยท (Permalink)
Look on the bright side, OP. There's also a perfect combination of actions that will get you killed. You haven't figured that out either.
reddiblue ยท 1 points ยท Posted at 07:48:45 on June 23, 2016 ยท (Permalink)
What? Are you so dumb to figure out the combination of actions to get yourself killed?
I know so many combinations I have to avoid them daily.
[deleted] ยท 0 points ยท Posted at 13:27:47 on June 23, 2016 ยท (Permalink)
[removed]
eth_throw ยท 0 points ยท Posted at 13:40:05 on June 23, 2016 ยท (Permalink)
Not really dude.
See my comment just prior to yours.
Of course there a million ways to make mill+ in a day.
OP just doesn't know the steps.
Unreal_Banana ยท -7 points ยท Posted at 21:39:46 on June 22, 2016 ยท (Permalink)
There doesn't exist a set of finite actions that, if i typed them in the correct order, would get me gold in a day.
Scobothehobo ยท 4 points ยท Posted at 21:42:11 on June 22, 2016 ยท (Permalink)
Welp, you tried.
AshleyTheCatgirl ยท 1 points ยท Posted at 22:23:39 on June 22, 2016 ยท (Permalink)
Well, what he wrote is correct.
[deleted] ยท -1 points ยท Posted at 22:06:49 on June 22, 2016 ยท (Permalink)
What no. Why would you think this
midnight_artist ยท -1 points ยท Posted at 22:08:10 on June 22, 2016 ยท (Permalink)
Same could be said about every word ever, just takes the correct combination to break my goldenless virginity. Well, might as well get started. Give me gold. Give me gold please. Something something gold. I love, goooollld. The names gold, reddit gold. That's all I got for now...
Vespaeelio ยท -1 points ยท Posted at 01:01:21 on June 23, 2016 ยท (Permalink)
When you wake up say out loud "Up, Up, Down, Down, Left, Right, Left, Right, B, A, START!"
744EvergreenTerrace ยท -1 points ยท Posted at 01:32:38 on June 23, 2016 ยท (Permalink)
So you're a loser
Kiumbra ยท -2 points ยท Posted at 03:56:35 on June 23, 2016 ยท (Permalink)
Easy: up up down down left right left right B A
Duisjfuds ยท 1 points ยท Posted at 06:17:38 on June 23, 2016 ยท (Permalink)
Way too original.