5 ms·
From the 2010 article: > The current financial system is slow, and tedious, and old, and in many ways actually broken or flawed. But one thing we know is that
by CallMeJim 5y ago
From the 2010 article:
> The current financial system is slow, and tedious, and old, and in many ways actually broken or flawed. But one thing we know is that it's resilient. One single mathematical error will not send the whole thing into a tailspin. With bitcoin, it will.
9 months later, this article was released, titled "The mathematical equation that caused the banks to crash".
https://www.theguardian.com/science/2012/feb/12/black-scholes-equation-credit-crunch https://www.theguardian.com/science/2012/feb/12/black-schole...
Lol!