Technorati

‘The clash is between what you might call the technorati and the literati,’ wrote Bob Thompson in The Washington Post shortly after Updike's speech. ‘The technorati are thrilled at the way computers and the Internet are revolutionizing the world of books. The literati fear that, amid the revolutionary fervor, crucial institutions and core values will be guillotined.’

The Winklevosses say this week’s tumult is just growing pains for a digital currency that they believe will become a sort of gold for the technorati.