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> Your analysis is wrong. Startups and crypto investments can be seen as bets and a 10x increase in favor of you is a lot. So you think a 1000% increase in lik
by dsacco 9y ago
> Your analysis is wrong. Startups and crypto investments can be seen as bets and a 10x increase in favor of you is a lot.
So you think a 1000% increase in likelihood to win the lottery is meaningful?
I’m not saying a 1000% increase is insignificant relatively speaking. I’m saying that in the absolute context, it can be essentially meaningless. Which circles back to my point: you should add an absolute context to your numbers instead of just saying you know more cryptocurrency millionaires than startup millionaires.
- wslh 9y agoDepending the game you are playing 10x is a lot. > you should add an absolute context to your numbers instead of just saying you know more cryptocurrency millionaires than startup millionaires. My intention is not writing a paper here in HN but showing an observation that impacts the life of people around me because like it or not they can spend the rest of their life doing whatever they want at an scale I have not seen in my lifetime in an underdeveloped country like Argentina. Beyond all your calculations it is something singular to note and that is why I mentioned it here.