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interfluidity » Why is finance so complex?

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  • Dec 26, 2011
Steve Randy Waldman
@interfluidity
(Author)
www.interfluidity.com
Read on www.interfluidity.com
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Lisa Pollack at FT Alphaville mulls a question: “Why are we so good at creating complexity in finance?” The answer she comes up with is the “Flynn Effect“, basically the idea that t... Show More

Lisa Pollack at FT Alphaville mulls a question: “Why are we so good at creating complexity in finance?” The answer she comes up with is the “Flynn Effect“, basically the idea that there is an uptrend in human intelligence. Finance, in this view, gets more complex over time because financiers get smart enough to make it so.

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Eric Wall @ercwl · Dec 24, 2021
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Spot on! And brilliant piece by @interfluidity. You mention that bitcoin leverages part of this, I agree. Sometimes my only fear is that bitcoin doesn’t sufficiently leverage all of it—the magic and the lie, the sugar pill and the placebo.
Joe Weisenthal @TheStalwart · Dec 23, 2021
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Somehow I forgot in this whole @OlympusDAO (3, 3) discussion, this incredible @interfluidity post from 2011, where he talked about how all of finance was essentially built to get society into that corner of the payoff matrix
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