Random afternoon musings
You know, the existance of secondary markets for this type of insurance has a striking analogy to the market for credit default swaps. Beyond all the other problems, there is a certain ponzi-esque-ness to it all. When too many companies actually defaulted, the CDS market went kaput fast. and for life insurance, we all do eventually die.
And I still don't get this. Story of local folks stealing money from slots machines. OK, but isn't the real story that somehow local slots machines can be hacked? Something I have to believe the industry has all but gotten rid of.. if not then those folks in Las Vegas must be losing money left and right. The quote is:
I just think the real story is that such a "specific set of keystrokes" even exists. I really thought hacking slots machines had to be just about obsolete.. at least not without a lot of sophisticated help. How much money and efforts goes into programming and monitoring slots machines? I'm just missing something here.