The article seems to be a a lot of hyperbole without much substance. The code itself is simple. CHR$(205.5 + RND(1)) becomes CHR$(205) or CHR$(206) depending on the random number. 205 generates a \ , and 206 generates a /.
10 PRINT MID$("/\",1.5+RND(1),1);:GOTO 10 Run it on another old-school computer, like an Apple II, and you won’t get the same transfixing result, for details that have to do with the Commodore 64’s character set, called PETSCII.
main() { while (1) printf("%c", rand()%2 ? '/' : '\\'); }
Edit: Golfed my original snippet down, then put back original after mmphosis's identical translation.