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I had an idea once for connecting an old 8-bit computer to the modern web by connecting to a text-based web browser running on another device using the terminal. Maybe one day when I find more time.

You can get some of the way there with an Amiga.

I have a Framework laptop. It was expensive for the specs, but I really appreciate the philosophy of openness. I have replaced both the keyboard and battery, which was easy and painless. At least for Dell, I don't think Framework's target market is a fit for acquisition like Alienware's was. Although, Dell is big enough that they could probably build a competing brand themselves. It would be great for consumers if they did.

I am pretty sure that my previous attempts at a Linux desktop have failed because I would tweak my setup by installing packages and updates until I broke it and needed to reinstall. But I want my machine to be indestructible and "just work". Waiting day(s) to diagnose and fix an issue just isn't worth it. I have been contemplating a switch to Linux again. This time, I will embrace a LTS distribution and virtualization so that my tinkering doesn't break things. I always want a safe level to fall back to. Also, I would enthusiastically pay for a support subscription. I know they are out there. Which companies/organizations have the most positive impact in the open source community?

Not a popular opinion, but RedHat (now IBM) funds an enormous amount of critical open source. They pay people to contribute to hundreds of upstream projects. And RHEL is 100% focused on stability. Sounds like a good match for your priorities / goals.

There is no meaningful support subscription for end users, only enterprise. If you want to donate pick specific small projects you like.

I don’t understand how someone breaks a system but look into immutable options like Fedora Silverblue.


It has been a few years, but for example breaking the display, bluetooth, power states/sleep, or wifi. Or subtly messing up dependencies of various other packages that I was trying. I just don't want the overhead of system administration. These days I mostly use VMs or WSL. But I am thinking that I want my host OS to be Linux.

Immutable saves you from packaging issues but configuration always has to happen to some degree. To help there maybe use file system snapshots (btrfs) to rollback changes.

From what I remember, trying to fix configuration was mostly to recover from whatever broken state package/distro updates caused. Thanks for the Silverblue suggestion. In recent years, I enjoyed using Pop!_OS, at least on VMs.

The dial tone was prior to dialing. Upon connection, there was an audible sound from the modem handshake. Through some google searches, I came across this recording: https://m.youtube.com/watch?v=abapFJN6glo


It would not surprise me at all if the sequencing step was done via FPGA processing many network inputs at line rate with a shared monotonic clock. This would give it some amount of parallelism.


good point, sequencing is very minimal, therefore some parallelism is feasible that way, but the pipeline is not that deep, at least ideally. Of course if people are chasing nano-seconds, it may make sense.


Which policies contributed to income inequality?


In general he was not a fan of regulating banks, although he walked back some of his beliefs after 2008. Although iirc he still supports combining investment and commercial banks. Various shenanigans involving privatization of Russian industry. Pushing for tax cuts at the expense of infrastructure spending. He didn't like that the US capped exec pay at banks that received bailouts (banks that gave him millions in speaking fees, which seems a lil bit sketch)


God I forgot about shock therapy! The Russian oligarchs owe their fortunes to Mr. Summers.


All of them lol. Summers pushed aggressively for the free trade agreements (including allowing China into the WTO) that, in practice, shuttered American manufacturing, he pushed for cuts to capital gains tax, he lobbied aggressively against regulating derivatives and in favor of repealing glass-stegall, both of which directly led to the 2008 crisis, and then after the crisis he caused, he architected a recovery package that prioritized bailing out banks (but not enough to dig the economy out of recession quickly). He's one of the most damaging American figures of all time, he basically got us Trump if you ask me.


For certain jobs, I've done development for Linux while also having a Windows box for other things. Opening Linux GUI apps remotely on my Windows desktop is nice and allows me to consolidate my displays. This is an edge case, for sure. How well does Wayland support this?


AFAIK it's more or less still being worked on. Since Wayland has no support in the core protocol, it's an add-on which needs the compositor to forward input and output streams and then something to compress the video and forward it (+input events) further over the network. I can't say that I got it to work so far, though screen sharing in MS Teams(!) running in MS Edge for Linux does work and uses much of the same functionality. That is with KDE and kwin-wayland.


Anything not in the core protocol might as well not exist. It is literally, by design, impossible to write a fully featured desktop using the core protocols by themselves.


Here is a dumb question. In an OS with user-space drivers, can't many existing drivers be wrapped and repurposed? Does this shorten the path to mainstreaming more new OSes?


Is it really true that ICE has been stable? Cars seem to have been getting many innovations, especially with power, torque, and reliability. We probably don't hear much about it because it is low profile stuff and a mature product.


> and reliability.

The newest vehicle reliability advances are _less_ reliability via:

- cylinder deactivation

- ubiquitous turbos

- gasoline direction injection

- more computers

- generally higher cost of repairs (eg: if a car from 2023 needed a headlight it would cost much more than a car from 1998 needing a headlight, and even if they both had the same failure rate the reliability of the new car would be worse from cost alone)


This is well informed and correct. Understand this if you buy a new ICE vehicle: the drive train is uneconomic to repair out of warranty: do not imagine you'll keep it long term or hand it off to a kid or whatever.


Costs drop like a rock once vehicles get old enough that they can't be financed, which means dealers won't sell them, which means they won't be bundled with 3rd party warranties and service plans, which means that the owner will be the one paying and there's actual pressure to control costs (because the owner has no party down the line to pass costs onto).

For example, for the longest time Nissan CVTs were "nonrebuildable, send it back and buy a reman" now any idiot can rebuild one for under a grand in parts.

4L60 and E4OD rebuilds were also $$$ for a long time now they're dirt cheap too.


I wouldn't cite the 4L60E in this argument. It's an ancient design, as Wikipedia puts it, "The 4L60E is the electronically commanded evolution of the Turbo-Hydramatic 700R4, originally produced in 1982." The 700R4 is a THM350 from 1969 with an additional overdrive gear.

I'm not writing about 50+ year old platforms, around which a huge market of suppliers and technicians has evolved. The ICE transmissions GM sells today are vastly more complex, with zero design commonality with the classic stuff, and enjoy none of the benefit of long adoption that make the classic stuff cost effective. Further, and this is the important part, because the lifecycle of everything ICE is much shorter now, measured in years as opposed to decades, they never will.

So ten years from now, when your circa 2020 10L60 dies, there won't be a transmission shop in every town that's equipped and stocked to deal with it cheaply. The cost will be greater than the value of the vehicle. And that's my point: these vehicles are not going to be economic to operate out of warranty.


>It's an ancient design

My ass.

You can trace all these designs back forever. It's more "inspired by" than actual incremental revision in most cases. There is just about nothing but some vague shapes that look similar and maybe some bolt lengths that are common between a 4L60 and the TH350 era stuff.

>Further, and this is the important part, because the lifecycle of everything ICE is much shorter now, measured in years as opposed to decades, they never will.

The average car on the road is lasting longer as the years go on. People said the same things when fuel injection came out.

>So ten years from now, when your circa 2020 10L60 dies, there won't be a transmission shop in every town that's equipped and stocked to deal with it cheaply. The cost will be greater than the value of the vehicle.

I'll take that bet. Modern transmissions are stupidly easy to rebuild from a skills point of view because they replace all sorts of mechanical adjustment with "hurr hurr we just PWM the solenoid to make it go BRRT and if the BRRT is too rough the computer algorithm will turn it down". Yeah there's more components, but those are easi.


> do not imagine you'll keep it long term or hand it off to a kid or whatever.

i don't agree, my friend has been driving the same Toyota LandCruiser for 20 years. I will have no problems handing my 2016 4runner down to my kid who turns 16 this December. The 4runner will last another 10 years easy.


> Toyota LandCruiser for 20 years

Respectfully I specifically wrote "new." 20 year old SUVs predate the issues of new vehicles.

> my 2016 4runner

Even a 2016 vehicle predates what I'm pointing out. A 2016 4runner likely has a 270hp naturally aspirated V6 with modest power and a relatively basic 5 speed auto transmission. A 2025 4runner is a turbo charged 4 cylinder making nearly 2hp/cu in. and an 8 speed transmission. The former is much simpler and thus economic to maintain and repair compared to the latter.

ICE vehicle drivetrains have changed radically in only the last few years. They're almost universally using forced induction, integrated into unserviceable castings, to attain far higher volumetric efficiency, equivalent to high performance engines of not long ago. Gone are the 4-5 speed transmissions and transaxles: 8-10+ speed is the norm, and the complexity follows here as well. They are absolutely intolerant of neglect and abuse. Repairs are complex and likely to fail: manufacturers have taken to replacing major assemblies in leu of attempting repairs as they would have in the past. Part of that is due to the unserviceable nature of these components. Another part is the lack of dealer talent to deal with their own products. Another part is that the manufacturing lifecycle of major assemblies is now extremely short: only a couple years, whereas 10+ years was normal for common platforms as recently as the the 2010s.

What this means is: when these new products are no longer supported by manufacturers, who will drop their supply obligations rapidly as they legally can due to short lifecycles, parts will be fabulously expensive and difficult to obtain and the skills and tools necessary to repair them will be rarified and also expensive. Post-warranty ICE vehicles will be uneconomic, full stop.


also:

- tons of sensors with limited lifespans

- more complicated transmissions with more gears

- auto start/stop

Pretty much all of these reliability reducers are manufacturers trying to eek a little more MPGs by throwing lots of complicated technology at the problem, which introduces a lot more failure points.

Headlights and taillights on my current vehicle are supposedly around $1500 each, mostly due to a bunch of sophisticated sensors being built in.

Back in the 80s headlights were standardized (in the US at least) - you either had rectangular or circular. They were available at every auto parts store. Now they're a special order item from the dealer.


Oh, and new "high" oil and fuild change intervals. They'll get you through warranty, but your car won't make it to 150k or 200k.


New synthetic oils are very durable. They actually do last a long time.

There are oil tests that confirm this. Also, 10,000+ mile oil changes are not new, and there are tons of used vehicles on the market, running around with long oil change intervals, and high mileage.


Not even mentioning that you cannot change the headlight by yourself.


But you can't change a headlight bulb if they're a sealed unit, because those don't have bulbs, but with basic tools, you can certainly change a headlight.

But also, if you have a vehicle with a sealed headlight, you're probably not having to change it every other winter.


Actually ICE has improved significantly in the last 20 years, even though progress was held back by emission and safety regulations. In the year 2000 a sports car would have around 200/250hp while these days any sports car that wants to boast power has around 500hp or more.

Perhaps you're not into cars much but if you compare top cars on track days etc. you will know there have definitely been huge changes. Though during the last 20 years repairability and reliability also took a hit.


>500hp or more

But are they fun? My main experience of powerful cars is you hit the speed limit or a traffic jam within about 10 seconds.

I have more fun on my 1/3 hp ebike than my 200 hp car which suffers from the above.


The must fun I've ever had while driving was with the family '99 Honda Civic. Zero power. Zero torque. But, man, it was like driving a go kart in the streets. I'd zip through mountain passes with the engine revving to hell but in reality I'd only be barely going the speed limit.

I did the same mountain pass in my Subaru recently and didn't even notice I was going 20mph over the speed limit. The engine was silent and still responsive.


>I did the same mountain pass in my Subaru recently and didn't even notice I was going 20mph over the speed limit. The engine was silent

How about the transmission lol


>200/250hp while these days any sports car that wants to boast power has around 500hp or more.

And it'll only weigh 4,500 lbs.


> held back by emission and safety regulations

How so? Are those not improvements?


Those are improvements overall for the environment and safety of course. However as usually improvement in one area is not necessary an improvement in another area. I was referring to "sport" performance of a car or ICE engine then the emission regulation held back the power output and performance of the drive train and the safety regulations added a lot of weight and size to the cars therefore hurting handling.


>Are those not improvements?

Said no pedestrian hidden behind my A-pillar (just kidding I still drive a 1980s minivan, one of the poor people ones, not the hipster one, don't get your hopes up).


I'm not sure they've improved that much. Comparing my 1990 miata/mx5 with modern cars I prefer not having electronic screens and bleeping things all over the place. The only thing I'd chose to modernise is engine efficiency which is maybe a bit better now.


Is there anything interesting or novel about this exchange, other than its headquarters are located in Texas? From what I can tell, the primary data centers will be in New Jersey like all the others.


Yes, from https://www.txse.com/solutions:

  TXSE's goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public.
The alignment part translates IMO to avoiding political / social science policy issues like avoiding affirmative action listing requirements like the Nasdaq Board Diversity Rules that was just recently repealed: https://corpgov.law.harvard.edu/2025/01/12/fifth-circuit-vac....

So it is as one might imagine, the formation was probably for similar reasons why owners are moving their company registration out of Delaware.


In a structurally-biased environment, the loss of policies that counteract that bias does not allow companies to "avoid" politics and social science; it allows them to take the side in favor of the structurally-biased status quo. Just so we're clear about what that is.



The recent story involving Elon's compensation package has also put into question how seriously Delaware upholds business contracts.


I'm sorry but what?

Delaware law exclusively protects the interests of the board of directors. It allows for a unique provision - the hilariously misnamed "Shareholders Rights Plan" that enable a board of directors to issue shares as they please, in order to make sure every attempt at takeover isn't against the interests of the directors.

The only check on the power of the board in a Delaware corporation is the Delaware court of chancellery.


The irony is that the Levine article the parent provided argues that DE did the exact opposite of shareholder wishes!

> it is weird that Tesla’s management and board of directors and (a large majority of) shareholders all agreed that Musk should get paid $55.8 billion for creating $600 billion of shareholder value, and he did do that, and he got paid that, and a judge overruled that decision and ordered him to give back the money. I can see why Musk — and Tesla’s board, and its shareholders — would find that objectionable! They’re trying to run a company here.


[flagged]


EU member states have more sovereignty than US states by a big margin. There isnt even a federal tax in EU.


President is sending national guard troops from Texas to other states........and this guy says this lol.

EU countries definitely have more sovereignty than US states. I really don't know how people can be this confidently wrong.


The "real reason" people "freaked out" about Trump dismantling agencies is that he was and has been ignoring the law by fiat and not executing the law as is his constitutionally defined role. It would be one thing to veto a refunding of the DoEd, to approve a dismantling of the DoEd; it's another to unilaterally dismantle institutions that have been enacted into law by Congress. The DoEd is no more unconstitutional than the DoD or any other cabinet-level institution.

I think it's fair to have a hard discussion about the effectiveness of or need for the DoEd, but the way to do that is in Congress, not by fiat by the president. The way the Trump administration has approached it IMHO is grossly unconstitutional and a violation of the separation of powers. The only semi-reasonable rationale I can think of is that Congress is implicitly approving of or voting on the president's actions by not impeaching him, but that seems like an unreasonably high bar, equates lack of action with active approval, and it also infringes on the power of the Congress that enacted the law.

As someone else here on HN noted recently: what is the point of anything pertaining to congressional vote procedures, veto authority, overrides, and so forth if the president ignores, and is allowed to ignore, the laws that are passed anyway?


> mental shackles of subordination to psychological abusers and manipulators that are constantly pushing the idea that state's rights are subsumed to federal rights

Wow. The inter-state commerce clause is a real thing and it does give the federal government broad lattitude to regulate "commerce" across state lines. Commerce seems to entail the flow of both goods and services. We are in this situation because people at the state level decided, democratically, that some decisions should be made federally so as to avoid a huge patchwork of differing laws. To put it bluntly, I don't want to have to carefully review and compare Oregon state law with say Texas state law before I undertake any travel lest I accidentally commit a felony in Texas by doing something that isn't against the law in Oregon, and that's a really good reason to try to limit the differences between the two. If you don't, you'll necessarily chill travel and commerce across state lines because those differences will present a huge barrier to entry and create a big suck on peoples' time and attention.

> These United States, and after the Civil War the de fact illegitimate federal government called itself The United States

This is getting into Soverign Citizen type reasoning.


> This is getting into Sovereign Citizen type reasoning

Getting? The dog whistle is a bullhorn.


Wow, a lot of words to say you wish you owned slaves. Usually, these types of arguments were cloaked by going after FDR.


Run by Blackrock & Citadel, instigated in part to circumvent DEI protections, in a State that can’t keep their power grid stable, promising less regulations for the people running it and listing their companies on it.

Simply put, this is Republicans pushing for “Y'all Street". Target one will be earnings reports, but the eventual push will be to not be overseen by the SEC in some important capacity.


> will be to not be overseen by the SEC in some important capacity.

How would a securities exchange avoid being regulated by the securities and exchange commission?


> How would a securities exchange avoid being regulated by the securities and exchange commission?

By having a Governor who's friendly with the President?

The President has a good amount of sway over the SEC. https://www.usatoday.com/story/money/legal/2025/03/03/sec-dr...



Relevancy to the question raised above, aside, that's a bad article headline as it doesn't match the contents.

SEC Chair says they are going to hunt crooks more aggressively, but won't leverage dawn raids as much to chase technical violations.


> SEC set to see hundreds leave through buyout, retirement offers https://www.politico.com/news/2025/03/21/sec-buyouts-retirem...

> US SEC buyouts hit legal, investment divisions hardest, data shows https://www.reuters.com/business/world-at-work/secs-legal-in...

> SEC Formally Withdraws Fourteen Rule Proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-...

The actions generally do not seem to match the words, and seem to point to a general trend of deregulation and lack of oversight (as the administration has said they would do, and especially in the crypto space has essentially stopped prosecuting crimes)


Going up-thread, here's the original claim under contention:

>> will be to not be overseen by the SEC in some important capacity.

Your articles don't dispute this.

As for whether oversight will be "weaker" and more de-regulated, maybe.

1. There's a headcount reduction. At worst, there's a quote that some really experienced watchdogs are out the door. Hard to tell until we get outcomes.

2. As for withdrawal of proposals, look closer.

> Although most observers doubted that the current Commission would adopt these proposals

Which makes it sound like the proposals were just withdrawn for later submittal and new discussion. Footnote #1 goes into how this isn't really unprecedented, citing similar withdrawals (or resets) under the Biden admin.


Sure, I am just saying the comment about "hunting crooks more aggressively" seems to run counter to their anti-regulation stance, and their active lack of hunting crooks.


> in part to circumvent DEI protections

Those were struck down 11 months ago, though?

> eventual push will be to not be overseen by the SEC

But no crimes will be committed, because they're trustworthy businessmen


> DEI protections

Forgive my ignorance, but what does that mean in this context?


I don't think the NYSE had any DEI requirements, but the NASDAQ created a rule where boards needed some minority representation in order to be listed. That rule was challenged and overturned in court though.

> On August 6, 2021, the SEC approved Nasdaq’s proposed diversity rule for companies listed on its exchange. The rule required Nasdaq-listed companies to (1) publicly disclose board-level demographic data annually and (2) have, or explain why they do not have, a certain number of diverse directors on their boards. Companies with more than five board members were required to have two members from an underrepresented group, including one female and one person who self-identifies as Black, Hispanic, Asian, Native American, Alaskan Native, Native Hawaiian, Pacific Islander, biracial, or LGBTQ+.

https://ogletree.com/insights-resources/blog-posts/fifth-cir...


Sounds illegal, no wonder the courts tossed it.


This is off topic but I wanted to make sure that you see https://news.ycombinator.com/item?id=45522422 since the thread is a day old at this point.


This is tinfoil hat conspiracy thinking.


Right. Just like all the autocratic Project 2025 plans, defunding healthcare to give tax breaks to billionaires, sending US military to police US cities, and all the other current actions were " tinfoil hat conspiracy thinking".

There is a party actively committed to implementing autocracy as fast as it can. To willfully ignore that and attempt to deflect from it as you are doing is wrong.

Moreover, if you don't think an autocracy will hurt YOU because you are in some protected group, you are wrong — it might not hurt you first, but it will hurt everyone, including you.


Moved on from the fascist rhetoric I see.


Right, from a 24-day old account making only right wing political comments, a comment that addresses exactly zero of the points made by the initial post.

And regarding ignoring fascism/authoritarianism, you need only look at the difference between fascist and democratic societies

In democratic societies, the three branches of govt are independent, and the branches of civil society, press, academy, religion, business, industry, finance, entertainment, sport, and non-profits are ALL independent.

In autocratic societies, the power of the government is abused to corrupt or coerce all three branches of govt and all segments of civil society to serve the will of the executive.

EVERY single move by the person occupying the President's chair and his party as been to reduce or undermine the independence of the other government branches and all segments of civil society. The party who claims to be about "free enterprise" and "free speech" is seizing ownership of corporations, directly interfering in individual hiring decisions, and even making govt threats to get COMEDIANS fired. Seizing ownership of corporations, even partially, is more typical of Communist governments than democracies.

See if you can find a single substantive exception since 20-Jan-2025 where this administration increased freedom of expression or freedom of economic action, especially when such expressions or actions were unfavorable to it.


Lecturing people on basic US civics doesn't really prove anything.

Lifting prohibitions on nuclear power and nuclear research would qualify I think. That took me about 5 seconds to come up with.

Your side is losing, so you attack, attack, attack. But all you are doing is driving reasonable people away. Your hyperbolic rhetoric is literally getting people killed. And you lie about the victims to justify that violence.

There is some truth for you...


>>Lifting prohibitions on nuclear power and nuclear research

The first thing coming up when I search that phrase is literally everyone but the current administration doing so: 1) World Bank, 2) Denmark, 3) Illinois Gov Pritzger (Dem), 4,5,6,+) Asian Bank. So, perhaps the administration has also reduced regulations in this area, but this is not an economic freedom that reduces concentration of power, particularly as this administration requires a vig to play in every area it can.

As to the rest of the allegations, they are vague, broad-brush, hyperbolic and entirely devoid of any actual examples. No truth at all, or only the kind of "truth" found on Truth Social.

But you do follow well Goebbels' instruction to accuse the enemy of that which you are guilty


Besides being stupid he also completely lacks the balls and manhood to own up to being demolished. Completely expected from this type.

I will be keeping a record of this username as a known liar and coward for any time I encounter it again.


Consider a broader range of news sources in your daily diet.


Speculation (no pun intended), but …

CEO OF Robinhood has been talking about offering crypto as a vector for acquiring shares for private companies:

https://www.sec.gov/about/crypto-task-force/written-submissi...

This admin and this new exchange would probably allow all kinds of nonsense to be publicly traded compared to other exchanges.

We’ve got three more years to go and this exchange, or anything new that happens in Texas is absolutely going to be tied with deregulatory ambitions.


You mean that ceo that hawks scam coins as fraudulent ways to invest in OpenAI.


OpenAI will be the largest IPO in quite some time, so I totally see why RH is trying to profit off of additional derivatives on this thing. Volume will be off the charts.


There will be no IPO, there is no need.


Seems especially suspicious with the 401k executive order, like a nice avenue to get unaware people invested in digital Beanie Babies.


Hopefully they will provide cheap market data like IEX did in its beginning.


Yeah, this is more competition on the scene. We should welcome competition.


Yes, but it’s also another NMS venue that everyone needs to connect to, so there’s a cost as well.


Is there a similar source you're aware of, cheap with a clean API? Hated to lose IEX.


Depends what you are looking for. Is it real time quotes?

IEX data is now free after 15minutes instead of 15milliseconds.

One option is the Databento US Equities Mini for 200 USD per month. If I understand it correctly it is some sort of weighted average between multiple exchanges.


I've been happy with Databento as a low-friction way to get market data. I liked it so much, I ported their structs and APIs to Golang. [1]

Their EQUS Mini dataset is a great way to dip the toe if you want live data without licensing restrictions. Databento's article talks exactly about how it is sourced, but it is not that it is averaged but anonymized, specifically because of the complexities of upstream exchange licensing. [2]

You don't have to pay $200 per month for that -- that's for all-you-can-eat. You can experiment with pay as you go.

You can use my dbn-go tools to help you... here's the cost to get all the 1-day candlesticks for all the US Equity Symbols for 1-year... which you could use to make all sorts of charts and redistribute them freely (the trickiest part honestly):

  $ dbn-go-hist cost --dataset EQUS.SUMMARY -t 2024-07-01 -e 2025-07-01 -s ohlcv-1d ALL_SYMBOLS
  EQUS.SUMMARY  ohlcv-1d   $ 4.380178  156772672 bytes  2799512 records

  $ dbn-go-hist cost --dataset XNAS.ITCH -t 2024-07-01 -e 2025-07-01 -s ohlcv-1d ALL_SYMBOLS
  XNAS.ITCH  ohlcv-1d   $ 3.784698  135459632 bytes  2418922 records
So $4.38 for all that data or $3.78 for just the NASDAQ exchange (not sure of redistribution of that one).

I hang out on their Slack. Today there was a deep discussion about optimizing C++ SPSC queues, although it is usually isn't too technical like that. They are pretty transparent about how they implement things.

[1] https://github.com/NimbleMarkets/dbn-go

[2] https://databento.com/blog/databento-us-equities-mini-now-av...


Ah so no timing arbitrage in finding a place in Tennessee where data arrives from both places milliseconds apart and you can explore minor differences in pricing


People online like to yak about the woke nonsense.

Reality is there are tax and regulatory advantages. The courts are setup in a way that is favorable to business. They read a very strict interpretation of contracts which is good in some scenarios.

Texas politics is a train wreck, but their bureaucracy is pretty good for a business - things like permitting and other regulatory processes are faster. They also will firehouse you with incentives.


> Reality is there are tax and regulatory advantages. The courts are setup in a way that is favorable to business. They read a very strict interpretation of contracts which is good in some scenarios.

> Texas politics is a train wreck, but their bureaucracy is pretty good for a business - things like permitting and other regulatory processes are faster. They also will firehouse you with incentives.

None of that is really relevant to a stock exchange though. Being on the Texas stock exchange doesn't mean you are subject to Texas laws and regulations just like being on the New York Stock Exchange doesn't subject you to New York laws and regulations.


You are correct, mea culpa.


I imagine as businesses move away from NY and SF, they want their stock exchange to move with them, and for similar reasons.


As far as I'm aware, all of the major exchanges in the US are in NY or in Chicago, and even then, Chicago is mostly just futures exchanges for commodities and not stock exchanges. So unless you're headquartered in NYC (which most companies listed on NYSE/NASDAQ are not), you're already not working with a stock exchange in the same area as you, and failing to collocate the stock exchange isn't really a detriment. (Interestingly, even historically, when stock exchanges were more plentiful in the country, there just doesn't seem to have been much demand for a stock exchange on the west coast at all.)

The main reason to move away from the NYSE or NASDAQ is if you don't like the rules those stock exchanges have.


Scams. The answer you are looking for is scams and fraud


And yet, it’ll be inevitably be seen as the Dollar Store stock exchange.

“Well, we IPOed!”

“Congratulations!”

“…in Texas.”

“Do you need to use me as a reference?”


I bet there will be tons of pressure for OpenAI to IPO on this Texas exchange.


“We’ll consider it, but we consider this important and want to be taken seriously.”


Why would businesses want to move away from the 4th largest economy in the world to less successful states?


40% lower labor costs, 60% political posturing.


I’m sure all their infrastructure and probably the majority of their employees will be in the NYC metro area.


Theres a lot of reasons people will list (cultural, cost of living, quality of life) but the real answer is

1. Texas is a corrupt state and you can bribe your way in to power

2. No income tax


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