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jbeyer

22 karma · joined April 2, 2010

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jbeyer··on 4-hour battery storage is cheaper to install than gas turbines all across globe
NO, the projections are separate from the statement that batteries are NOW cheaper than peakers in most geographies. They'll be even cheaper if those projections pan out.
jbeyer··on I hate you Microsoft
I purchased a "perpetual" license for Office 2019 for Mac some years ago. In the last few months, a key certificate expired, and completely bricked the software.

MSFT is well aware of the issue, but has decided that they are no longer supporting Office 2019, despite the "perpetual" license.

This is clearly planned obsolescence and false advertising. A state AG should investigate.

jbeyer··on David Sacks: OpenAI and Anthropic Don't Need Regulations to Pace Frontier Models
> just double down on prosecuting crimes.

That quote comes from someone that has never tried to get law enforcement to pursue a case. Local or state police are completely unequipped to respond. And FBI is unlikely to get involved unless damage is high six figures. We had an incident where we had a ton of evidence pointing to a past employee. It would have been an incredibly easy case for the FBI. They didn't have the resources to handle it. And this was a case that was gift-wrapped with a bow for them. Imagine a case where we didn't have evidence, or an idea of who it was ....

jbeyer··on Robinhood Gets Almost Half Its Revenue from Bargain with High-Speed Traders
What you say about them "winning" the trade is not accurate. If it were happening on an exchange, as in each of your three examples, the trade would show as being on that exchange, and I wouldn't know who the counterparty was. If the exchange is "Timber Hill", then IB chose to route the order there, which is internalization.
jbeyer··on Robinhood Gets Almost Half Its Revenue from Bargain with High-Speed Traders
Quite regularly, I see that my orders are filled at Timber Hill, when there are other participants offering at the same price. We may be quibbling over the definition of "internalization", but that is internalization.
jbeyer··on Robinhood Gets Almost Half Its Revenue from Bargain with High-Speed Traders
Yea....Timber Hill is owned by Thomas Petterffy, founder of Interactive Brokers, and handles much of the options order flow from IB users. So...IB may not be making money off those trades, but the founder is still profiting from them. Don't get me wrong, as someone who has followed market structure for years, I don't think that IB is doing anything worse than anyone else, but they aren't innocent in this regard.