Bitcoin cryptonomicon novelist

Neal Stephenson: Neal Town Stephenson is an American writer and game designer known for his works of speculative fiction. In addition to several science- fiction novels and pieces of short fiction, Stephenson has written nonfiction articles for bitcoin cryptonomicon novelist such as the technology magazine Wired.

Cyberpunk came into full flower as a literary subgenre by the late 1980s, gaining prominence largely via the writings of Pat Cadigan, William Gibson, Rudy Rucker, Lewis Shiner, John Shirley, Neal Stephenson, and Bruce Sterling. Neal Stephenson Snow Crash They upload staggering quantities of useless information to the database, on the offchance that some ofit will eventually be useful. Once a person has all the things they need to live, everything else is entertainment. This page was last modified on 31 March 2018. Neal Stephenson is among my all-time favorite authors. Many dozens of hours of my youth were spent lost in the pages of a Neal Stephenson book, and yet I do not consider these hours “lost” in any way.

Though Stephenson is best known for visionary science fiction, he is equally skilled as an ethnographer of geeks. Yet like his one-time protagonist Isaac Newton, Stephenson has always had a few curious obsessions unrelated to the main body of his work. Prominent among these is his interest in the phenomenon of money, which plays some kind of role in nearly every Stephenson yarn. Despite his general perspicacity, I’m afraid that Stephenson is as much of a mystic when it comes to monetary economics as Newton was when it came to alchemy. For example, take his 1995 story, “The Great Simoleon Caper”, in which he presages the development of a Bitcoin-like alternative currency.

I graduated college with a thousand bucks in savings. Leinenkugels than it did a year ago. Remember, unexpected inflation hurts savers, but expected inflation doesn’t. The government’s never going to get its act together on the budget,” Joe says. People will put their money elsewhere. This is a theory called the “fiscal theory of the price level”, and in Stephenson’s defense it has been advanced by a number of prominent economists, including recent Nobel winner Chris Sims. In later writings, Stephenson wrestles with the age-old question of what exactly it is that gives money value.

Gold, he learned, was considered to be a reliable store of value because extracting it from the ground required a certain amount of effort that tended to remain stable over time. When new, easy-to-mine gold deposits were found, or new mining technologies developed, the value of gold tended to fall. As you can see, from 1980 through 2000, gold’s value fell in dollar terms. If you were a 50-year-old living in 1980, and you bought gold under the impression that it was a “reliable store of value”, then by the time you were forced to retire, you would have lost around half of your investment. Yet no major gold deposits or advances in mining techniques occurred between 1981 and 1982, when gold’s price crashed precipitously. Money is a really weird thing, it turns out.