We’re Probably Wrong About the Universe & Cryptocurrencies Too

We’re Probably Wrong About the Universe & Cryptocurrencies Too

Patrick Tan 27/08/2020 7
We’re Probably Wrong About the Universe & Cryptocurrencies Too

Probability theory is a convenient oversimplification of the randomness of our universe, just as most cryptocurrency trading algorithms represent an oversimplification of the markets.

Snapshots of A Bigger Picture

Which brings us to probability theory.

Cloudy With A Chance Of Meatballs

And for the most part, our observations sit well with what our simulations predict, but every so often, we get find phenomena that had very low probability of occurring — what statisticians refer to as “thin tails.”

More Observations More Ambiguity

While the odds of getting 100 tails or 100 heads in a 100-flip coin toss are comically low, the odds of getting 60 heads or 60 tails in that same 100-flip coin toss is a more realistic 5.7%.

It’s Mathematical

The mathematics that underpins something as seemingly simple as a coin toss can also be applied to many areas of science, from biology to particle physics, cosmology to astronomy and yes, even to cryptocurrency trading.

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  • Josh Gibson

    Wise words Patrick

  • Chris Whittle

    Keep up the great work! Crypto all the way !

  • Sam O'Connor

    Amazing read!

  • Hasan Mohammad

    Absolutely mind boggling!

  • Eric Beaumont

    Incredible viewpoint on the universe and cryptocurrencies.

  • Andrew Sleight

    Great article

  • Charlotte Adams

    Excellent post

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Patrick Tan

Crypto Expert

Patrick is an innovative entrepreneur and a lawyer passionate about cryptocurrencies and the business world. He is the CEO of Novum Global Technologies, a cryptocurrency quantitative trading firm. He understands the business concerns of founders and business people helping them to utilise the legal framework to structure their companies to take advantage of emerging technologies such as the blockchain in order to reach greater heights. His passion for travel, marketing and brand building has led him across careers and continents. He read law at the National University of Singapore and graduated with Honors in the Upper Division and joined one of Singapore’s top law firms, Allen & Gledhill where he was called to the Singapore Bar as an Advocate & Solicitor in 2005. He created Purer Skin, a skincare and inner beauty company which melds the traditional wisdom of ancient Asian ingredients such as Bird's Nest with modern technology. In 2010, his partner and himself successfully raised $589,000 from the National Research Foundation of Singapore under the Prime Minister’s Office. He has played a key role in the growth of Purer Skin from 11 retail points in Singapore to over 755 retail points in Singapore and 2 overseas in less than a year. He taught himself graphic design, coding, website design and video editing to create the Purer Skin brand and finished his training at a leading Digital Media Company. 

 

   

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