mathwashing

The act of using mathematical models, statistical analyses and data-centric approaches that are used to justify bullshit policies and terrible strategies. Mathwashing can occur in any stage of the analysis — it can be using the wrong kind of data, using the wrong kind of model, or even making the wrong kind of conclusions from the results provided. Whatever the cause, the results are the same — it uses the sanctity and the so-called objectivity of “math”, “data”, and “science” to justify policies and strategies with destructive, tragic and far-ranging effects.

Telling me that John McAfee said that Bitcoin's mathematics make financial bubbles impossible is mathwashing, George — the mathematical guarantees that the blockchain algorithm only guarantee that the whole damn thing works as a tamper-evident repository of data, not that fraud and asset bubbles are fundamentally impossible. Now, get your head out of your ass, and tell me how much of our life savings did you invest in the damn thing.

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