network

“The very first sentence of Satoshi’s original paper reads as follows: ‘A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.’ It looks as if, on the contrary, those very same financial institutions are going to use this new technology to keep themselves right where they are: in the middle of every possible transaction network, extracting all the rent they can.” – LRB · John Lanchester · When Bitcoin Grows Up: What is Money?

“Mason Porter, professor of nonlinear and complex systems at the University of Oxford, said: “We know that there is empirical evidence for some cognitive limit – how many digits people can memorise from phone numbers, or how many moving objects.”

Now, he added: “Cities and their transportation networks have grown to the point where they have reached a level of complexity that is beyond human processing capability to navigate around them.”” – Transport maps in big cities baffle human brain, says study