This shows nothing but one's ability to code-up a math formula. The blog post goes into much detail about how to solve the problem using matrices and memoization.
I wasn't trying to one-up anyone. I thought it was interesting, so I figured others might find it interesting too. In particular, it was surprising to find that there's a closed-form solution for the Fibonacci sequence. Sorry.
Thanks. I like the way they introduce what a proof is in chapter 1, I feel like they have a good, subtle sense of humor. I don't have a mathematical background so it might be a tough read for me, but it seems like a great resource.
Was the purpose of this post to help people prepare for interviews? Does code always have to show off one's ability? This code inspired me to learn about Binet's formula and for that reason I think it was valuable.
Wolfram alpha verifies this is correct for Fib 50,000: http://www.wolframalpha.com/input/?i=Fib+50000