The Energy/Environment Algorithm
- Jul 7, 2018 10:25 pm GMT
Webster defines an algorithm as a step-by-step procedure for solving a problem or accomplishing some end, especially by a computer.
Increasingly the global economy, which is the production, distribution, or trade, and consumption of goods and services is being governed by these programs which as Kevin Slavin points out in his excellent TED talk are shaping our world. They establish stock prices but not satisfied with speculating on tangible assets, the latest craze is to make the algorithm itself a proof of work that purportedly has intrinsic value.
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