The Death of the Algorithm
Today I came across this piece in the Washington Post , and it kind of surprised me. I'd been seeing all this stuff about how great Bitcoin is and will be and let's all jump on the digital currency bandwagon and all our economic lives will be perfectly delightful all the time. Now some have come to see the reality of its lethal inadequacies. The problem is that the author of the piece is still an entrenched World inhabitant, believing if we just got at the algorithm, or, really, I should say The Algorithm , then all our economic lives will be perfectly delightful all the time. Erghck. Not surprised mind you. It is typical folly, I understand. I have nothing against any kind of currency, digital or otherwise -- these are just convenient tools to help with financial affairs. It's all good. The problem is that people are deaf, dumb, and blind to the real issue. Oh, when I tell you what it is you'll say "Yeah yeah, I know that." When I tell you the solu...