Welcome to the Singularity: Algobots beyond human understanding.

Link. Salmon: “… high-frequency algobots, operates on a level which is simply beyond intuition. Pattern-detecting algos detect patterns that the human mind can’t see, and they learn from them, and they trade on them, and some of them work, and some of them don’t, and no one really has a clue why.”

In Stross terms, this is Finance 2.0. As DeLong used to say, the Singularity is in our past.

We are on one hell of a ride.

Weibo proves Twitter’s 140 is not enough.

Link. Weibo with 280 is far more successful than Twitter.

“Twitter limits each tweet to 140 characters (no matter Chinese or western). Weibo’s limit is 140 Chinese characters or 280 western characters. Since Chinese carries more info in each character, Weibo users can express so much more in 140.”