Post B0ciKXKXlOE2dymAb2 by icedquinn@blob.cat
 (DIR) More posts by icedquinn@blob.cat
 (DIR) Post #B0cRODqWRsdo9UuCWG by icedquinn@blob.cat
       2025-11-25T23:18:56.835504Z
       
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       > efficient market hypothesis: that the market is pointless because a plurality of people have already exploited it to equilibriumoh so not only is it gambling but its a special form of self-reinforcing cancer. great. :blobcatgoogly:
       
 (DIR) Post #B0cfuo5gctXrBhQj8S by malin@dice.camp
       2025-11-26T01:58:01Z
       
       1 likes, 0 repeats
       
       @icedquinn not quite how the books put it :PBut yea, something like 'Max. Entropy'.
       
 (DIR) Post #B0cfupWJJOR5cYtVGy by icedquinn@blob.cat
       2025-11-26T02:01:39.955788Z
       
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       @malin The Quants does put it kind of like that but not as succinctly.one of the algorithmic trader-turn-professor teaches brownian motion and EMH. then says because of EMH no superior prediction is possible and therefore everyone should put away their computers and do something genuinely valuable.to which one of the other quants notes the problem that the market is only efficient because it has a fleet of "piranhas" already trying to do this.so, the market is efficient but only as the result of having reached maximal exploitation by a squad of goons serving the purposeless existence of pressing the market to maximal exploitation.:blobcatgoogly:
       
 (DIR) Post #B0cg8uEmZO8WJ0PKee by icedquinn@blob.cat
       2025-11-26T02:04:14.202000Z
       
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       @malin by self reinforcing i mean the class of jobs that only exist because they exist. i think graeber called these "goons." i knew about them before that, and made people upset by noting things like soldiers, lawyers, and wall street traders, are basically useless except for the fact someone else has more of them than you.
       
 (DIR) Post #B0ciD6Hlut5ejsvwm0 by malin@dice.camp
       2025-11-26T02:23:10Z
       
       1 likes, 0 repeats
       
       @icedquinn I picture that as the outer layer. The rational core's still inside. There's a place where someone say 'I can make better batteries' and others bet on those batteries being better, then maybe give money up-front for development.Then there's the meta betting layers outside.Then fuckery layer, with shorts and various other tricks we're not yet aware of.Maybe it's time to return to hanging for usury.
       
 (DIR) Post #B0ciKXKXlOE2dymAb2 by icedquinn@blob.cat
       2025-11-26T02:28:45.909592Z
       
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       @malin > usuryperhaps, although trading and arbitrage were never proscribed. the entire financial security complex can continue to exist without leverage (= banker for "taking out a loan to play poker")
       
 (DIR) Post #B0ciacB7VS5UJT2DpI by VaxxSabbath@detroitriotcity.com
       2025-11-26T02:31:41.849363Z
       
       1 likes, 0 repeats
       
       @malin @icedquinnMaybe it’s time to return to hanging for usurywhoa!  let’s, uh, cool it there with the antisemitism mmmkay?