warrenellis + money + net   2

Robots take over
"Recently, the global financial market experienced a series of computer glitches that abruptly brought operations to a halt. One reason for these "flash freezes" may be the sudden emergence of mobs of ultrafast robots, which trade on the global markets and operate at speeds beyond human capability, thus overwhelming the system. The appearance of this "ultrafast machine ecology" is documented in a new study published on September 11 in Nature Scientific Reports."
money  net  robots  algo 
september 2013 by warrenellis
How Daytrotter Creates Scarcity in a Digital World | Evolver.fm
"This is the Daytrotter model, essentially. Active since 2006, the site records bands “live, in a studio, with no overdubs, auto tune or remixing,” and fans can listen to the sessions in real time (upcoming sessions) or later, using the archives. Daytrotter — not the band, or their record label — owns these sound recordings. So far, it has over 2,000 sessions you won’t find on iTunes, Amazon, Spotify, Rdio, or any other commercial service, other than DayTrotter. Users can subscribe after a seven day free trial. The cost: $2 per month, after a seven day trial. Daytrotter switched to this model last year, making more sessions available as it added the subscription requirement."
music  net  money 
march 2013 by warrenellis

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