• 2 Posts
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Joined 2 years ago
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Cake day: August 24th, 2023

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  • Dlr is canada and takes 3 days.

    And even a +1 day is a long time. And then there’s weekends and holidays. So you could do something on Thursday, Fridays a holiday, so then it’s Monday is the +1 and you are settled and complete on Tuesday morning.

    A lot can happen between a Thursday morning trade and Tuesday morning, and a lot can happen in a regular +1 day. The markets don’t really care about non business days and shit happening.

    Same day within minutes settlement would be huge.


  • It would reduce the settlement time from multiple days to likely minutes.

    When you trade a stock today, it’s not actually complete for 2 or 3 business days as it has to go through the settlement process. Generally, it doesn’t cause problems for retail traders as exchanges act like its completed, but even for us it can introduce real issues sometimes and delay you from making a trade.

    For example, in Canada, the cheapest way we can convert CAD<–>USD is through a process called Norbits Gambit.

    You buy DLR.TO (CAD) or DLR.U.TO (USD) and then your have them journal your shares from one to the other for free, or a small fee like $10. You don’t pay an exchange rate fee, however, because the trade hasn’t actually settled when you buy the shares for 3 days, they can’t journal them. So for 3 business days you’re exposed to any fluctuation in the exchange rate. Generally that’s cheaper than what a bank will charge you and it’s the risk you take. It’s also a 1 way risk, I can’t recall if it’s USD -> CAD or CAD -> USD, but one of them is locked in, and the other is exposed. (Edit: It’s DLR.U.TO that exposes you. Holding either is like holding USD, so when you buy DLR.TO you already bought the USD value in CAD)

    At WealthSimple, when you sell some shares, you can’t actually transfer the money to your bank account on the same day. The balance isn’t available to transfer.

    I’m sure it can cause more problems for professional traders and institutional stuff, and even other ways it impacts us that I don’t know about.




  • I don’t think patents themselves are inherently bad, but the way things have turned is atrocious.

    There’s merit to inventing something that could be easily reproduced once seen and getting a little protection to get to sell it before a big corpo just duplicates it and undersell you to death.

    But there are so many crazy patents out there, and especially on very broad ideas in the software world that is absolutely batshit insane.

    Software patents probably shouldn’t exist unless they are super fucking specific and only for that exact implementationand method , but maybe not even then.




  • You still need to enable sharing for this to happen, but if you do, then they can probably do anything.

    Otherwise they probably need a court order to violate their policy and would be open to lawsuits if it was discovered they were looking at video feeds with the setting disabled.

    EDIT: Example below (note the fine is pathetic)

    https://www.cbsnews.com/news/siri-civil-lawsuit-settlement-apple-iphone-eavesdropping/

    Apple has agreed to pay $95 million to settle a civil lawsuit accusing the privacy-minded company of deploying its virtual assistant Siri to eavesdrop on people using its iPhone and other trendy devices.

    The proposed settlement filed Tuesday in an Oakland, California, federal court would resolve a 5-year-old lawsuit revolving around allegations that Apple surreptitiously activated Siri to record conversations through iPhones and other devices equipped with the virtual assistant for more than a decade.

    The alleged recordings occurred even when people didn’t seek to activate the virtual assistant with the trigger words, “Hey, Siri.” Some of the recorded conversations were then shared with advertisers in an attempt to sell their products to consumers more likely to be interested in the goods and services, the lawsuit asserted.

    Edit: Further edit - I swear to god, that my partner would get advertisements for things we spoke out loud about, really odd things as well that we would NEVER have searched for. Maybe it was this.