I published a sociology paper on this in college that may be of interest! (2000)
The social organization of audio piracy on the Internet (Media, Culture, and Society)
"In this article, we describe and analyze the emerging audio piracy (MP3) subculture on the Internet. As is evident to even the most naïve observer of the contemporary landscape, the explosion of Internet-based communication is radically redefining the nature of social relationships in modern societies, if not creating altogether novel forms of social interaction (Lyotard, 1991; Stone, 1996).
Yet sociologists have yet to take the Internet seriously as a site of ethnographic investigation. Where sociological observation concerning the Internet exists at all, it is through vague generalizations and unqualified assertions about what these new virtual forms of communication portend for “society” (Kellner, 1995), offering little in the way of concrete social research.
We attempt to advance the sociological study of “virtual communities” by embarking on an extremely focused study of one particular Internet subculture that is literally revolutionizing the production and consumption of popular music: audio pirates."
I'm an HP-12C guy since working on a trading desk and have 2 of the OG bronze colored ones and 2 of the HP-12C Platinum that are faster and silvery. But since I've been re-learning math with Math Academy I'm drawn to pick this puppy up. Should I be looking at an HP equivalent, though, since I'm an RPN convert?
Fellow Greenwich native here....though you're a bit older than me. My dad works with a number of hedge funds particularly those in the NYC area and the Miami area as a recruiter. Mind if I pass him your CV?
An agricultural company hedging the price of soybeans is precisely hedging, not speculation. The insider information they have is their supply/demand/pricing picture. That's different than the colloquial definition of insider information which I've always taken to tie to event occurrence (or not).
I also definitely recommend reading https://nostalgebraist.tumblr.com/post/785766737747574784/th... which is where I learned about this and has a lot more in-depth treatment about AI model "personality" and how it's influenced by training, context, post-training, etc.
I'm surprised when people are surprised that Google's interview process is obnoxious. That's pretty well established by this point, both by Google employees and others.
There's literally quite a few people in here, including Googlers, that can't believe Google asks these questions.
(I don't necessarily believe the interview went down as reported, but the questions and the interviewer using a sheet with approved answers definitely are genuine)
"It is intuitively obvious that an open access hedge fund will generate more intelligence than a closed system built on a pre-internet, pre-cryptocurrency, pre-AI organizational design."
Really? Because the folks with the magic black box aren't capable of funding an Interactive Brokers account to keep 100% of their upside and 100% of their IP?
(Also: risk management and order handling are harder problems than signal generation.)
Isn't that the magic of OSS? Linux::Windows, matplotlib::mathematica, android::iPhone, etc. In each case, the free variety quickly catches up to the proprietary version, and in doing so, cuts into the profitability of the parent. Furthermore, this often breaks down monopolies, as they must innovate or die.
Matplotlib covers a tiny spec of a footnote of Mathematica's functionality. SageMath (a composition of Numpy, Scipy, Sympy, matplotlib, R, etc.) is a more appropriate analogy.
While some of the examples are more apt, iPhone/iOS actually integrates a good deal of open source software itself i.e. Darwin, WebKit, LibDispatch, Core Foundation, Swift, etc. Further the openness of Android has been called into question by many over the years. Android isn't just AOSP anymore than iOS is just Darwin. I imagine a degree of the innovation provided by OSS has helped Apple keep profit margins as high as they have.
