Post
Topic
Board Altcoin Discussion
Re: Miner's Official Coin LAUNCH - NUGGETS (NUGs)
by
Vlad2Vlad
on 29/07/2013, 20:09:43 UTC
I'm not sure how any of that relates to my post, but that last sentence is full of errors. The financial industry pays extremely well for good programmers as far as I've heard. And financial institutions pretty much entirely rely on computers these days, so to say they "do ZERO actual money making for the banks" seems to show a huge lack of understanding. (If that were true, why would banks even hire programmers?)

Quote from: frobley on Today at 09:48:43 AM


Incorrect, programmers can be bought from India for /10th the price and or course they'll pay Americsn programmers their $70K, that's not big money.  An MBA grad starts at $250K, plus bonuses, this is a fact.


And no, it's not the programmers that make the big money as far as coding - it's the PhD physicists and mathematicians who then fell the programmers what models and programs to build and these are called black boxes which do high frequency trading which do in fact are responsive for a huge % of the trading activity and they make lots if money, but the bulk of the money, the big money is still made by traders, economists, heads if hedge finds, etc because a black box can't predict the future I'd see a good buy it simply trades in milliseconds based on a preprogrammed trend or news and it simply beats the human reaction time.

I wasn't talking about this, and even this, you don't need to get to be a trader or economist, but I was referring to the fact the infrastructure computers, software, hardware, and inflows and outflows of Nasdaq matters none to a trader, absolutely zero.

To make money you have to understand money not the way the printing press works.  That's absurd.  You guys are calling me a fool cause I have no idea how Bitcoin's printing press works.  I say who gives an F.  Can I change it?  Does it matter? No.  No.  So why waste effort end memory space on useless info when I know I'll pick up the idea of it eventually.