this post was submitted on 11 Jul 2023
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Amateur Radio
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It's about being able to watch transactions on, say the west coast, then buy or sell in NYSE before those transactions can traverse the Internet across the continent and change the price. It would be very simple "buy now" commands, used to essentially cheat less resource rich traders. They have used dedicated fiber lines try to do the same thing, but this would be quicker sometimes. There's absolutely no public value to it, but money to be extracted.
Kind of points out the lie of a "fair market." They like to hold that with the same information, everyone can make informed decisions. That claim breaks down when you're getting the information before your competitors.
How would this be any different from the horse racing/sporting event betting scams organized crime ran in the early 20th century? It's only faster. Where mobsters where relying on telecast delays and fixed games, these organizations are hoping to rely on RF transmissions and insider trading.
How long until the bitcoin grifters try to take HF spectrum? They're already trying on VHF/UHF and some are using frequencies which hand the potential to interfere with emergency services, etc.
I'm against this shit, in case anyone was wondering.