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The bad news is that massive, computerised, blink-of-an-eye trading could produce instabilities, like those which led to the flash crash last year.I don't know that those concerns bother me that much.
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Two generations of racers have learned how to turn computerised engine controls and massive amounts of boost into stupefying performance.
We computerised.
Now, it's all computerised.
It has become privatised and computerised.
Some voter lists have been computerised for the first time.
Computerised sales tracking (the Epos system) was installed.
It's a John Deere, all computerised: precision farming.
Now, in an age of radar and computerised navigation systems, working lighthouses are an endangered species.
In that sense algorithms are the secret sauce of a computerised world.
Wall Street was open 10-3 then because it wasn't computerised – can you imagine?
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