sari

Spotting live players is made difficult by the live players themselves. Live players frequently conceal themselves to avoid opposition from other live players or to reduce the likelihood of attacks. By concealing themselves, they delay other people’s responses to them. For example, Amazon branded itself as a book-selling company long after it stopp

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Those simulations – played out over thousands of iterations, millions of transactions, and billions of dollars – tell us that greed can be good, that speculation can serve a purpose, that memes have value, and that people are willing to spend money to be part of something bigger than themselves (particularly if there’s the potential for a return).

Uncertainty is an acid, corrosive to authority. Once the monopoly on information is lost, so too is our trust. Every presidential statement, every CIA assessment, every investigative report by a great newspaper, suddenly acquired an arbitrary aspect, and seemed grounded in moral predilection rather than intellectual rigor. When proof for and agains... See more

Even though it isn’t necessarily true, people equate having choices with having control.