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kleinbl00 · 2198 days ago · link · · parent · post: Barclay's is now modeling Bitcoin like a disease.
That's an algorithm being applied to do algorithmic work. Economists live in fear of algebra.
user-inactivated · 2198 days ago · link ·
It's an algorithm for correcting errors introduced by transmitting data through a noisy medium to translate from one language to another. The analogy is straightforward, but it's still an analogy. I have no idea whether bitcoin adoption is enough like the spread of disease to make modeling it that way useful, but the meme of memes refusing to die makes it look at least a little plausible, or at least not #nottheonion-ridiculous.