13 May '13, 10am

Bitcoin network speed 8 times faster than top 500 supercomputers combined | KurzweilAI

I think not really a brain simulation, but a network of peers joined in a profound expression of a well-known theory of market value. The computation itself is a trivial one; it is in no way similar to a neural network. Seems to me its value is that it is a peer group effort open to anyone that wishes to join that is intended to overcome the demonstrably deficient central banking system that has been in a slow but probably unstoppable collapse since 1971 – a collapse that many careful thinkers had identified decades before as a likely outcome of the establishment of the US Federal Reserve System in 1913. The human minds in operation here are not simulated in the network, but actively cooperating as peers in establishing value by market interchange to the best of their abilities. It is not widely understood that the value of a dollar – or a bitcoin – is established by each ...

Full article: http://www.kurzweilai.net/bitcoin-network-speed-8-times-f...

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