The idea of employing such a game to guarantee validity in a trustless environment is nothing short of groundbreaking. It is an amazing accomplishment, and I am impressed by it more each time I think about it. However, it does have some drawbacks, which, I think, will ultimately lead to its demise. Read More ›
Artificial intelligence often fails at crucial points. It must then be supplemented by human intelligence. Many software systems that look to their users like pure advanced artificial intelligence hide a lot of human effort behind a technological mask. Read More ›
Do exchange-traded funds (ETFs)' algorithms make personally gathering information obsolete?
August 13, 2018
Algorithmic strategies can only be as good as the information that goes into them. Ignoring how the information is created causes us to misunderstand the dynamics of value creation. Algorithms can leverage information, they can’t create it. Read More ›
Bitcoin solves a lot of tough problems in very ingenious ways. Unfortunately, however, those benefits don’t tend to translate well for end users, who are not nearly as ingenious as the people developing the system. Read More ›