The funny thing is that the concept is completely in agreement with John Searle's theory of Social Reality. The theory says that we create the reality by collectively believing in it. For example, paper or any other kind of money has value only because we all believe that it has value. In football, a team gets 6 points for a touchdown because everybody, including the opposing team, agrees that the touchdown is worth exactly 6 points.
I think schroedingbug works somewhat differently, though. Once it's noticed, people try to fix it and, due to a multitude side effects, the whole system promptly falls apart.
tags: construction, philosophy, computers, network, background, artifact, problem