Re: Australia hilarity

Eliezer S. Yudkowsky (
Wed, 30 Jun 1999 20:16:08 -0500 wrote:
> What, day trading isn't enough on-line gambiling?

Oh, yes, and did I mention that letting people just bet, outright, on which way a stock will go, without actually having to buy anything and with no brokerage commission, would probably go a long way towards stabilizing the stock market? Which, if you ask me, has major volatility problems stemming from people out to make a fast buck. Remove the people who aren't actually investors, and the market will probably get a lot better.

Even major institutions sometimes buy futures or stocks as a hedge, instead of as an investment. In a horse-race-like scenario, you could probably get much better odds on hedges.

           Eliezer S. Yudkowsky
Running on BeOS           Typing in Dvorak          Programming with Patterns
Voting for Libertarians   Heading for Singularity   There Is A Better Way