Algocracy uses algorithms to inform societal decisions, while Blockchain is a transparent, decentralized ledger system. People often confuse cryptocurrencies with the underlying Blockchain technology, even though they serve different purposes.
Comparing the challenges of Algocracy to the volatility of cryptocurrencies is like assessing the potential of online commerce based on early internet connectivity issues.
Biases in Algocracy are the result of poor design. With meticulous design and continuous oversight, the potential of Algocracy can be fully realized.
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Algocracy uses algorithms to inform societal decisions, while Blockchain is a transparent, decentralized ledger system. People often confuse cryptocurrencies with the underlying Blockchain technology, even though they serve different purposes.
Comparing the challenges of Algocracy to the volatility of cryptocurrencies is like assessing the potential of online commerce based on early internet connectivity issues.
Biases in Algocracy are the result of poor design. With meticulous design and continuous oversight, the potential of Algocracy can be fully realized.