{"id":3697,"date":"2013-09-14T11:05:42","date_gmt":"2013-09-14T18:05:42","guid":{"rendered":"http:\/\/www.meehawl.com\/Blogfiles\/?p=3697"},"modified":"2013-09-14T11:35:25","modified_gmt":"2013-09-14T18:35:25","slug":"this-is-what-a-singularity-looks-like","status":"publish","type":"post","link":"https:\/\/www.meehawl.com\/Blogfiles\/2013\/09\/14\/11\/05\/this-is-what-a-singularity-looks-like\/","title":{"rendered":"This Is What A Singularity Looks Like"},"content":{"rendered":"

Too fast<\/a>, too furious<\/a>. The people operating these weapons of mass financial destruction are engineering intentional market instabilities by destabilising exchange operations through basically dDOS<\/a> financial attacks and are simply rent seeking<\/a> (by camping<\/a> in locations close to the exchanges by light travel time) and add nothing to the marketplace in terms of providing liquidity or counter-party risk distribution. This is why we need to spray a minute quantity of a globalised fractional transaction tax, ala “Tobin Tax<\/a>“, to control these roaches:<\/p>\n

Analyzing millisecond-scale data for the world’s largest and most powerful techno-social system, the global financial market, we uncover an abrupt transition to a new all-machine phase characterized by large numbers of subsecond extreme events. The proliferation of these subsecond events shows an intriguing correlation with the onset of the system-wide financial collapse in 2008. Our findings are consistent with an emerging ecology of competitive machines featuring \u2018crowds\u2019 of predatory algorithms … [This figure] demonstrates a coupling between extreme market behaviours below the human response time and slower global instabilities above it, and shows how machine and human worlds can become entwined across timescales from milliseconds to months<\/a><\/p><\/blockquote>\n

\"(A)<\/p>\n","protected":false},"excerpt":{"rendered":"

Too fast, too furious. The people operating these weapons of mass financial destruction are engineering intentional market instabilities by destabilising exchange operations through basically dDOS financial attacks and are simply rent seeking (by camping...<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[74],"tags":[1379,1300,1301,1451,1302],"class_list":["post-3697","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economics","tag-hft","tag-high-frequency-trading","tag-singularity","tag-tobin-tax"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t