Bitcoin Forum

Economy => Goods => Topic started by: Littleshop on February 07, 2014, 01:08:51 AM



Title: [wts] Bitcoin Black Swan theory Polo shirt
Post by: Littleshop on February 07, 2014, 01:08:51 AM
We now have 19 different styles of shirts!  Most are less then $18, but this one is a little more pricy at $29.99 as it is an embroidered polo.  We will have $16 t shirts as well in a week or so. 

Always payable in BTC, low 99 cent US shipping.  We ship worldwide at actual cost.

http://cryptoanarchy.com/store/index.php?route=product/product&product_id=162

http://cryptoanarchy.com/store/image/cache/data/blackswanpolo-500x500.jpg

http://cryptoanarchy.com/store/image/cache/data/blackswanclose-500x500.jpg




Title: Re: [wts] Bitcoin Black Swan theory Polo shirt
Post by: Wendigo on February 13, 2014, 08:09:50 PM
Is that a secret society or what?


Title: Re: [wts] Bitcoin Black Swan theory Polo shirt
Post by: Littleshop on February 13, 2014, 09:18:58 PM
So what's this black swan business all about ?


Basically a black swan event is the evolution (or creation if you prefer) of something so unexpected, so outside of the norm that it as a disproportional impact in on things.  Black swan events are hard to predict and cause major change. 

From Wikipedia:
The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.

The theory was developed by Nassim Nicholas Taleb to explain:

    The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology
    The non-computability of the probability of the consequential rare events using scientific methods (owing to the very nature of small probabilities)
    The psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs

Unlike the earlier philosophical "black swan problem," the "black swan theory" refers only to unexpected events of large magnitude and consequence and their dominant role in history. Such events, considered extreme outliers, collectively play vastly larger roles than regular occurrences.[1] More technically, in the scientific monograph Lectures on Probability and Risk in the Real World: Fat Tails (Volume 1), Taleb mathematically defines the black swan problem as "stemming from the use of degenerate metaprobability".[2]


Title: Re: [wts] Bitcoin Black Swan theory Polo shirt
Post by: Littleshop on February 13, 2014, 09:20:53 PM
That logo is absolutely hideous.  I like the black polo with just the bitcoin on it.

I have those in my store as well, and they have been big sellers.