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Bitcoin 2.0 Shortens the Life Span of Companies

Sander Duivestein
March 09, 2015

One thought on “Bitcoin 2.0 Shortens the Life Span of Companies

  1. Interesting. My head hurts! But your recommendation to experiment with this reminds me of the parable in the beginning of the book by Nick Bostrom: Super-intelligence, paths, dangers, strategies. Quoted below in its entirety. Looks like the flock already returned with the owlet.
    The Unfinished Fable of the Sparrows
    It was the nest-building season, but after days of long hard work, the sparrows sat in the evening
    glow, relaxing and chirping away.
    “We are all so small and weak. Imagine how easy life would be if we had an owl who could help
    us build our nests!”
    “Yes!” said another. “And we could use it to look after our elderly and our young.”
    “It could give us advice and keep an eye out for the neighborhood cat,” added a third.
    Then Pastus, the elder-bird, spoke: “Let us send out scouts in all directions and try to find an
    abandoned owlet somewhere, or maybe an egg. A crow chick might also do, or a baby weasel. This
    could be the best thing that ever happened to us, at least since the opening of the Pavilion of Unlimited
    Grain in yonder backyard.”
    The flock was exhilarated, and sparrows everywhere started chirping at the top of their lungs.
    Only Scronkfmkle, a one-eyed sparrow with a fretful temperament, was unconvinced of the
    wisdom of the endeavor. Quoth he: “This will surely be our undoing. Should we not give some
    thought to the art of owl-domestication and owl-taming first, before we bring such a creature into our
    Replied Pastus: “Taming an owl sounds like an exceedingly difficult thing to do. It will be difficult
    enough to find an owl egg. So let us start there. After we have succeeded in raising an owl, then we
    can think about taking on this other challenge.”
    “There is a flaw in that plan!” squeaked Scronkfinkle; but his protests were in vain as the flock had
    already lifted off to start implementing the directives set out by Pastus.
    Just two or three sparrows remained behind. Together they began to try to work out how owls
    might be tamed or domesticated. They soon realized that Pastus had been right: this was an
    exceedingly difficult challenge, especially in the absence of an actual owl to practice on.
    Nevertheless they pressed on as best they could, constantly fearing that the flock might return with an
    owl egg before a solution to the control problem had been found.
    It is not known how the story ends, but the author dedicates this book to Scronkfinkle and his

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