Bitcoin Conquers Probability Energy – Bitcoin Magazine

Bitcoin Conquers Probability Energy – Bitcoin Magazine
Bitcoin Conquers Probability Energy – Bitcoin Magazine

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transferring to the finance corps.

Imagine, if you will, a seller of goods that only worked under certain weather conditions. A car that only drives when it’s sunny. A heater that only works when it’s windy. Would you ever buy them? I don’t think you would. Because it is illogical. Why would you want something that worked on probabilistic weather conditions?

Sure they are predictable to a certain extent, but have you ever noticed how much the forecast can change from hour to hour? It’s a whole mathematical concept that was discovered when a meteorologist rounded a number in his weather prediction model. The result; a completely different prediction. Chaos theory was born.

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