Sebastian_Hagen comments on Superintelligence 5: Forms of Superintelligence - Less Wrong Discussion
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I think that statement is misleading, here. To solve a real-world problem on a TM, you do need to figure out an algorithm that solves your problem. If a Dark Lord showed up and handed me a (let's say ridiculously fast compared to any computer realizable on what looks like our physics) UTM - and I then gave that UTM to a monkey - the monkey may have a fairly good idea of what it'd want (unlimited bananas! unlimited high-desirability sex partners!), but it wouldn't have any idea of how to use the UTM to get it.
If I tried to use that UTM myself, my chances would probably be better - I can think of some interesting and fairly safe uses to put a powerful computer to - but it still wouldn't easily allow me to change everything I'd want changed in this world, or even give me an easy way to come up with a really good strategy to doing so. In the end, my mental limits on how to decide on algorithms to deal with specific real-world issues would still be very relevant.