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3221  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 04:58:10 PM
Phew.  *wipes brow*  Good for me, it was my badly-thought out flip on the Monty Hall Problem Cheesy
edit:^^^

Doesn't the Monty Hall problem involve Monty Hall? (Meaning that the actions Monty Hall does take are influenced by your choice, if you have chosen the car first hand he has two goats to choose from but if you choose a goat first he has only one goat to reveal)

I'm fairly certain this is a different problem, and I am almost certain there is a name for it already....

Yes and no -- yes it's a different problem, hence "badly thought out flip."  What's the name?

Well there is the TWO envelopes problem, according to wikipedia there is no consensus about it - and this seems to be a variant of it, you evil bastard Wink

I swear i'm back from searching for Monty Hall variations & finding esoterica Cheesy  Give me a pointer!

Did you also read the http://en.wikipedia.org/wiki/Two_envelopes_problem ?
3222  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 04:48:49 PM
Phew.  *wipes brow*  Good for me, it was my badly-thought out flip on the Monty Hall Problem Cheesy
edit:^^^

Doesn't the Monty Hall problem involve Monty Hall? (Meaning that the actions Monty Hall does take are influenced by your choice, if you have chosen the car first hand he has two goats to choose from but if you choose a goat first he has only one goat to reveal)

I'm fairly certain this is a different problem, and I am almost certain there is a name for it already....

Yes and no -- yes it's a different problem, hence "badly thought out flip."  What's the name?

Well there is the TWO envelopes problem, according to wikipedia there is no consensus about it - and this seems to be a variant of it, you evil bastard Wink
3223  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 04:40:26 PM
Phew.  *wipes brow*  Good for me, it was my badly-thought out flip on the Monty Hall Problem Cheesy
edit:^^^

Doesn't the Monty Hall problem involve Monty Hall? (Meaning that the actions Monty Hall does take are influenced by your choice, if you have chosen the car first hand he has two goats to choose from but if you choose a goat first he has only one goat to reveal)

I'm fairly certain this is a different problem, and I am almost certain there is a name for it already....
3224  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 04:29:08 PM
Just wanting to say in case of the $100 envelope which you can swap for a $200 or $50 one - statistically you should swap since the average amount would be $125. If they however contain $50 and $150 it becomes statistically irrelevant.

And if you're offered a choice to swap again?  Swap/not swap -- same deal as above?

That depends which envelope you got and if you can swap in for the remaining envelopes, if they are just the three envelopes and you aren't allowed to look you shouldn't swap.

No, you can't look & no, the envelopes will contain double/half of your envelope. At what point do you get out?

Well, in this case it's best to swap again over and over. I'm too lazy for a proof though.

Does something like M = (2N+0.5N)/2 suffice?
On second thought, since there should be as many times doubling as halfing  the average end result should stay the same.
3225  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 04:21:52 PM
Just wanting to say in case of the $100 envelope which you can swap for a $200 or $50 one - statistically you should swap since the average amount would be $125. If they however contain $50 and $150 it becomes statistically irrelevant.

And if you're offered a choice to swap again?  Swap/not swap -- same deal as above?

That depends which envelope you got and if you can swap in for the remaining envelopes, if they are just the three envelopes and you aren't allowed to look you shouldn't swap a second time.

Bitcoin investing are best described as a gamblers fallacy, limitless gains and losses.
3226  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 04:12:49 PM
Just wanting to say in case of the $100 envelope which you can swap for a $200 or $50 one - statistically you should swap since the average amount would be $125. If they however contain $50 and $150 it becomes statistically irrelevant.
3227  Economy / Securities / Re: Live updating ASICMINER USD Value on: May 20, 2013, 08:02:49 AM
Never be a better reason to stay out of this market than this!
3228  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 20, 2013, 06:08:22 AM


Oh wow no change within an hour, or is this a bug?
3229  Bitcoin / Hardware / Re: stuff heard at bitcoin2013 on: May 20, 2013, 06:05:18 AM
*Equipment is somewhat optional, but highly recommended - especially for fine pitch components.

Uhhh I'd rather say it is somewhat mandatory for anything but prototypes. The amount of labor required stands in no relation to the cost - even in china and even with a high profit margin.
3230  Bitcoin / Hardware / Re: BFL Forced "On Hold For Refund" for all my Single SC orders on: May 20, 2013, 01:14:19 AM
What it does is chills the customer base, the attempt is to stifle dissent.
Customers will fear similar retribution if they voice their displeasure.

This is called Gestapo tactics. Look to Germany to see how well that worked out for them in 1945.

This thread has been godwinned!
3231  Economy / Speculation / Re: Would it make sense for Paypal to emulate Webmoney? on: May 20, 2013, 12:50:06 AM
I had never heard of Webmoney, but it was described on here as the PayPal of Russia. I don't yet fully understand Webmoney's system and how Bitcoin plays into it, but would it make business sense for Paypal to do something similar, aside from doing just to stay relevant in the future? If so, is it unreasonable to think they would?

Bitcoin is a competitor to Paypal.

No, its not, their potential competitors would be bitpay & co.

Yep, I agree. Bitpay and all other similar new startup's are the "new" Paypal. These new guys don't have the burden of keeping an old horse running, and can go in any direction they want. Meanwhile Paypal can't just drop their existing system at a moment's notice to pursue Bitcoin.

You guys have to stop thinking within the 'if you aren't for us you are against us" paradigm. Paypal wouldn't have to stop their existing business model or financial system to use Bitcoin.
Neither is it necessary for Bitcoin to replace Government issued fiat money.
3232  Economy / Speculation / Re: Would it make sense for Paypal to emulate Webmoney? on: May 20, 2013, 12:41:46 AM
I had never heard of Webmoney, but it was described on here as the PayPal of Russia. I don't yet fully understand Webmoney's system and how Bitcoin plays into it, but would it make business sense for Paypal to do something similar, aside from doing just to stay relevant in the future? If so, is it unreasonable to think they would?

Bitcoin is a competitor to Paypal.

No, its not, their potential competitors would be bitpay & co.

If you think Bitcoin and Paypal are not competitors....I don't know what to say.  Just wow!

Is that supposed to be an argument?
3233  Bitcoin / Hardware / Re: stuff heard at bitcoin2013 on: May 20, 2013, 12:18:37 AM
If gen2 avalon comes before BFL ships they're toast.
3234  Economy / Speculation / Re: Would it make sense for Paypal to emulate Webmoney? on: May 20, 2013, 12:09:48 AM
I had never heard of Webmoney, but it was described on here as the PayPal of Russia. I don't yet fully understand Webmoney's system and how Bitcoin plays into it, but would it make business sense for Paypal to do something similar, aside from doing just to stay relevant in the future? If so, is it unreasonable to think they would?

Bitcoin is a competitor to Paypal.

No, its not, their potential competitors would be bitpay & co.
3235  Economy / Securities / Re: It really is always a good time to be buying some bitcoin. on: May 19, 2013, 08:53:05 PM
Oh well, my "free" XRP is worth BTC8.7 or about $1k, which is quite ridiculous.

I will not buy any XRP from you. So in my perspective your XRP are worth nothing. But maybe you will found buyer.(if they are for free, you can only win ... but somebody will lose)

In a sense with speculating somebody always looses.
They aren't really for sale, just wanting to mention they make a pretty damn good BTC hedge. I realize Ripple is under a lot of criticism, but how I see it so was LTC and that is doing pretty well.

I sold my free XRP for BTC1 and still think that was a lot. Offering BTC8.7 is borderline moronic. Future value of XRP should be very low indeed as it offers no upside over fiat currency.

Well that's what they trade for Bitstamp IOUs. The idiots trying to snatch some via PM cheap and sell them there are quite annoying BTW.
3236  Economy / Securities / Re: It really is always a good time to be buying some bitcoin. on: May 19, 2013, 08:38:58 PM
By that logic I should buy Feathercoin.

Not how I see it, Feathercoin doesn't represent something novel.

Oh well, my "free" XRP is worth BTC8.7 or about $1k, which is quite ridiculous.

ya someone pmed me offering me 4BTC for my freebe

i forgot the username & password  Cheesy


That reminds me, I should look if I still have it...
3237  Economy / Securities / Re: It really is always a good time to be buying some bitcoin. on: May 19, 2013, 08:20:47 PM
Oh well, my "free" XRP is worth BTC8.7 or about $1k, which is quite ridiculous.

I will not buy any XRP from you. So in my perspective your XRP are worth nothing. But maybe you will found buyer.(if they are for free, you can only win ... but somebody will lose)

In a sense with speculating somebody always looses.
They aren't really for sale, just wanting to mention they make a pretty damn good BTC hedge. I realize Ripple is under a lot of criticism, but how I see it so was LTC and that is doing pretty well.
3238  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 19, 2013, 07:16:32 PM
Bruce Wagner experience ...

Max Kaiser
3239  Economy / Securities / Re: It really is always a good time to be buying some bitcoin. on: May 19, 2013, 06:46:47 PM
Oh well, my "free" XRP is worth BTC8.7 or about $1k, which is quite ridiculous.
3240  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 18, 2013, 10:40:25 PM

Bitcoin is p2p (protocol does not log your IP). If satoshidice says "we are blocking US IP" then if you understand what is p2p you will realize "it is impossible" but if you do not understand what is p2p and Bitcoin then you can "think" they did it :-)

... and YES they did it :-)

Well, since this is mainly about not being dragged in court it is well enough within a reasonable effort.
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