For the Win - Cory Doctorow (best pdf ebook reader .txt) 📗

is a doubter. The bank's selling very long bets against these bonds on great terms. They're one-year coupons and they pay off big if the bonds don't crash. So now there's some uncertainty in the pool and some people are flipping, betting that the Prince knows something they don't, buying his paper and selling their bonds. We've gone one better: we've got a floating pool of hedged-off packages that balance out the Prince's bets and these bonds, so no matter what happens, you're in the green. We buy or sell every day based on the rates on each. It's --"
"Risk free?"
"Virtually risk free. Absolutely."
Connor's mouth was dry. There was something going on here, something big. His mind was at war with itself. Finance was a game, the biggest game, and the rules were set by the players, not by a designer. Sometimes the rules went crazy and you got a little pocket of insanity, where a small bet could give you unimaginable wins. He knew how this worked. Of course he did. Hadn't he been chasing gold farmers up and down nine worlds, trying to find their own little high-return pockets and turn them inside out? At the same time, there was just no such thing as a free lunch. Something that looked too good to be true probably was too good to be true. All that and all the other sayings he'd grown up with, all that commonsense that his simple parents had gifted him with, them with their small-town house and no mortgage and sensible retirement funds that would have them clipping coupons and going to two-for-one sales for the rest of their lives.
"Twenty grand," he blurted. It was a lot, but he could handle it. He'd made more than that on his investments in the past 90 days. He could make it up in the next 90 days if --
"Twenty? Are you kidding? Connor, look, this is the kind of thing comes along once in a lifetime! I came to you first, buddy, so you could get in big. Shit, buddy, I'll sell you twenty grand's worth of these things, but I tell you what --"
It made him feel small, even though he knew it was supposed to make him feel small. It was like there were two Connors, a cool, rational one and an emotional one, bitterly fighting over control of his body. Rational won, though it was a hard-fought thing.
"Twenty's all I've got in cash right now," he lied, emotional Connor winning this small concession. "If I could afford more --"
"Oh!" Ira said, and Connor could hear the toothy smile in his voice. "Connor, pal, I don't do this very often, and I'd appreciate it if you'd keep this to yourself, but how about if I promise you that your normal trades for today will pick up an extra, uh, make it 20 more, for a total of 40 thousand. Would you want to plow that profit into these puppies?"
Connor's mouth went dry. He knew how this worked, but he'd long ago given up on being a part of it. It was the oldest broker-scam in the world: every day, brokers made a number of "off-book" trades, buying stocks and bonds and derivatives on the hunch that they'd go up. Being "off-book" meant that these trades weren't assigned to any particular client's account; the money to buy them came out of the general account for the brokerage house.
At the end of the day, some -- maybe all -- of those trades would have come out ahead. Some -- maybe all -- would have come out behind. And that's when the magic began. By back-dating the books, the broker could assign the shitty trades to shitty customers, cheapskates, or big, locked-in, slow-moving customers, like loosely-managed estates for long-dead people whose wealth was held in trust. The gains could be written to the broker's best customers, like some billionaire that the broker was hoping to do more business with. In this way, every broker got a certain amount of discretion every day in choosing who would make money and who would lose it. It was just a larger version of the barista at the coffee shop slipping her regulars a large instead of a medium every now and again, without charging for the upgrade. The partners who ran the brokerages knew that this was going on, and so did many of the customers. It was impossible to prove that you'd lost money or gained money this way -- unless your broker told you at 9:15 on a Tuesday morning that your account would have an extra $20,000 in it by 5PM.
Ira had just taken a big risk in telling Connor what he was going to do for him. Now that he had this admission, he could, theoretically, have Ira arrested for securities fraud. That is, until and unless he gave Ira the go-ahead, at which point they'd both be guilty, in on it together.
And there rational and emotional Connor wrestled, on the knife-edge between wealth and conspiracy and pointless, gainless honesty. They tumbled onto the conspiracy side. After all, Connor and the broker bent the rules every time Connor ordered a trade on one of Coca Cola Games's futures. This was just the same thing, only moreso.
"Do it," he said. "Thanks, Ira."
Ira's breath whooshed out over the phone, and Connor realized that the broker had been holding his breath and waiting on his reply, waiting to find out if he'd gone too far. The salesman really wanted to sell him this package.
Later, in Command Central, Connor watched his feeds and thought about it, and something felt...hinky. Why had Ira been so eager? Because Connor was such a great customer and Ira thought if he made Connor a ton of money, Connor would give it back to him to continue investing, making more and more money for him, and more and more commissions for the broker?
And now that his antennae were up, he started to see all kinds of ghosts in his feeds, little hints of gold and elite items changing hands in funny ways, valued too high or not high enough, all out of whack with the actual value in-game. Of course, who knew what the in-game value of anything could really be? Say the game-runners decided to make the Zombie Mecha gatling guns fire depleted uranium ammo, starting six months from now. The easy calculation had gatling guns shooting up in value in six months, because it would make it possible for the Mechas to wade through giant hordes of zombies without being overpowered. But what if that made the game too easy, and lots of players left? Once your buddies went over to Anthills and Hives and started team-playing huge, warring hive-intelligences, would you want to hang around Zombie Mecha, alone and forlorn, firing your gatling gun at the zombies? Would the zombies stop being fun objectives and start being mere collections of growling pixels?
It took the subtle fingerspitzengefuhl of a fortune-teller to really predict what would happen to the game when you nerfed or buffed one character class or weapon or monster. Every change like this was watched closely by game-runners for weeks, around the clock, and they'd tweak the characteristics of the change from minute to minute, trying to get the game into balance.
The feeds told the story. Out there in gameland, there was a hell of a lot of activity, trades back and forth, and it worried him. He started to ask the other game-runners if they noticed anything out of the ordinary but then something else leapt out of his feeds: there! Gold-farmers!
He'd been looking for them everywhere, and finding them. Gold farming had a number of signatures that you could spot with the right feed. Any time someone logged in from a mysterious Asian IP address, walked to the nearest trading post, stripped off every scrap of armor and bling and sold it, then took all the resulting cash and the entire contents of her guild bank and turned it over to some level one noob on a free trial account that had only started an hour before, who, in turn, turned the money over to a series of several hundred more noobs who quickly scattered and deposited it in their own guild banks, well, that was a sure bet you'd found some gold farmer who was hacking accounts. Hell, half the time you could tell who the farmers were just by looking at the names they gave their guilds: real players either went for the heroic ("Savage Thunder") or the ironic ("The Nerf Herders") or the eponymous ("Jim's Raiders") but they rarely went by "asdfasdfasdfasdfasdfasdfasdfasdf2329" or, God help him, 707A55DF0D7E15BBB9FB3BE16562F22C026A882E40164C7B149B15DE7137ED1A.
But as soon as he tweaked his feeds to catch them, the farmers figured out how to dodge them. The guilds got good names, the hacked players started behaving more plausibly -- having half-assed dialogue with the toons they were buffing with all their goods -- and the gangs that converged on any accidental motherlode in the game did a lot of realistic milling about and chatting in broken English. Increasingly, the players were logging in with prepaid cards diverted from the US over American proxies, making them indistinguishable from the lucrative American kid trade, who were apt to start playing by buying some prepaid cards along with their Cokes and gum at the convenience store. Those kids had the attention spans of gnats, and if you knocked them offline after mistaking them for a gold farmer, they left and went straight to a competing world and never again showed up in your game or on your balance sheet.
It was amazing how fast information spread among these creeps. Well, not amazing. After all, information spread among normal players faster than you'd believe too -- it was great, you hardly had to lift a finger or spend a penny on marketing when you released some new elite items or unveiled a new world. They players would talk it up for you, spreading the word at the speed of gossip. And the same jungle telegraph ran through the farmers' underground, he could see it at work.
And there were more of them, a little guild of twenty, all grinding and grinding the same campaign. They were fresh characters, created two days before, and they'd been created by players who knew what they were doing -- it was just the perfect balance between rezzers and tanks and casters, a good mix of AOE and melee weapons. They'd levelled damned fast -- he pulled up some forensics on some of the toons, felt his fingerspitzengefuhl tingle as the game guttered like a flame in a breeze. He'd installed the forensics packages over the howls of protest from the admin team who'd shown him chart after chart about what running the kind of history he wanted to see would do to server performance. He'd gotten his forensics, but only after promising to use them sparingly.
And there it was: the players had levelled each other by going into a PvP -- Player versus Player -- tournament area and repeatedly killing one another. As soon as one of them dinged up a level, he would stand undefended and let the other player kill him quickly. The game gave megapoints for killing a higher level player. Once player two dinged, they switched places, and laddered, one after the other, up to heights that normal players would take forever to attain.
The campaign they were running was simple: scrounging a mix of earth-fairy wings and certain mushroom caps, giving them over to a potion-master who would pay them in gold. It wasn't anything special and it was a little below their levels, but