The answer is …not yet!
I love and hate machines.
It’s probably why I love and hate Venture Capitalists.
We need machines and venture capitalists as both are catalysts for growth.
No doubt some venture capitalist and firms have insane track records. I follow them as closely as possible. The miracle of the social web. Unlike the machines that the great angels and venture capitalist’s use, the great investors are in it for more than nickels, dimes and points.
Everything about machines until a few years back was about shaving pennies.
Wall Street has been fascinated with high frequency trading and the machines that make it possible. The financial industry has probably been the least respectful of the machines and benefitted the most. The banks used money, influence and machines to get their noses up as close to the pipe as possible. Now the pipe is all the way in their greasy pie holes and back out their asses. Times infinity. Good for them. They have forced the smart ones to think out further. While the machines fought for fractions of a penny every second trading Netflix, it rallied 400 points. The machines should have been hoarding…be grateful they were not.
Bitcoin may just be the poster child for the new age of machines, markets, finance AND hoarding. Time will tell.
The markets will change again soon because the machines are getting smarter and people…are just people. If you don’t believe me and or want to bet against me, you can probably short some $GOOG. Either way…take the time and read this fascinating article on Ray Kurzweil.
Thanks Niv for watching my long videos and culling some insights that got me thinking about this topic a little more.