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I think those are great examples of the Pareto Principle [1]. It says 80% of the results come from 20% of the causes. Your examples could be generalized to an e

I think those are great examples of the Pareto Principle [1]. It says 80% of the results come from 20% of the causes. Your examples could be generalized to an extension principle: 30% of the consequences come from 15% of the causes, and 50% come from a separate 5% of the causes. [1] https://en.wikipedia.org/wiki/Pareto_principle https://en.wikipedia.org/wiki/Pareto_principle

ly3xqhl8g9 4y ago
They are applying Sturgeon's law [1] ("ninety-percent of everything is crud"), not Pareto, common misconception. Pareto would be that 80% of all crypto transactions are done by 20% of all the cryptocurrencies (given 10,953 active cryptos, that would be 2,190), which also doesn't stand since ~99% of all crypto transactions are done by the top 10 cryptos (BTC, ETH, etc.), textbook oligopoly [2]. [1] https://en.wikipedia.org/wiki/Sturgeon%27s_law https://en.wikipedia.org/wiki/Sturgeon%27s_law [2] https://coinmarketcap.com/charts https://coinmarketcap.com/charts https://www.statista.com/statistics/1269302/crypto-market-share https://www.statista.com/statistics/1269302/crypto-market-sh...