this post was submitted on 14 May 2024
132 points (94.0% liked)

Technology

59440 readers
3638 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] tal 28 points 6 months ago (1 children)

In a potential future conflict, high-value GPS satellites risk being hit or interfered with. If this happens, the loss of GPS could have severe consequences for communication, navigation, and banking systems in the United States.

Banking?

[–] Willy@sh.itjust.works 25 points 6 months ago (2 children)

accurate timekeeping? that's all I can think of for trading at least.

[–] scrion@lemmy.world 16 points 6 months ago (2 children)
[–] Valmond@lemmy.world 17 points 6 months ago (2 children)

High frequency trading going down?

Oh noo.

Anyways...

[–] scrion@lemmy.world 6 points 6 months ago
[–] GamingChairModel@lemmy.world 6 points 6 months ago

The worry isn't that HFT stops working. It's that it causes a failure state that brings down the legitimate parts of the financial sector.

Like how we're not worried about AI pilots malfunctioning and being grounded, the same way we'd worry about AI pilots malfunctioning and bombing humans.

[–] RecursiveParadox@lemmy.world 3 points 6 months ago

And the SWIFT System.

[–] HubertManne@kbin.social 7 points 6 months ago

I worked in a place where the machine room had a network time device that connected to an attena getting gps reading to give time to all the other hosts. Im pretty sure any ntp server a host has configured is only a hop or two away from a device like this.