Post
Topic
Board Economics
Re: Machines and money
by
tee-rex
on 07/03/2015, 07:46:47 UTC
Human greed is limitless, human desires are insatiable, but just human envy alone would waste any machine in less than no time.
I guess it comes down to who can be greediest, man or machine?

Hmm... I'd rather ask who can be deadliest, but greediest? I'm trying to fancy a Terminator in which the terminate function is changed to that of greed. An army of greedy Terminators running on banks and attacking the New York Stock Exchange. This surely beats me!
They wouldn't need to be terminators. They could be holding companies. How would the authorities punish a program? Using decentralized record keeping they could be audited, but they couldn't be stopped or punished. Machine greed is limitless.

Okay, you have me, but how these holding companies ruled by greedy terminators programs are much different from or better than ordinary trading bots? Are the latter less greedy somehow?