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Topic: How many bitcoins do you hold? (Read 3247 times)

legendary
Activity: 1904
Merit: 1002
April 18, 2012, 10:15:40 PM
#31
The point was that mean values can be misleading for certain cases.

That we can agree on... simple examples are usually better than complex ones though.
hero member
Activity: 672
Merit: 500
April 18, 2012, 09:17:12 PM
#30
And yes, I'm claiming 1% of the population has at least a little of their leg cut off.  1% being legless is probably a stretch, but I know a lot of people who have lost at least a toe.

Here is some data for Eritrea, a country known for having a lot of legs blown off by landmines: http://folk.uib.no/mfakh/LM/amputees.html
Percentage of population with leg amputation: 0.045%. Feel free to double that figure if you think toe amputations count as missing legs. Double it again if you think Eritrea is an optimistic representation of the world. It still doesn't make 1%.

So unless the rest of the world is doing way worse than Eritrea, or there is a vast population of secret tripods, then it is completely correct to say that 99% of the people in the world have above average number of legs. The point was that mean values can be misleading for certain cases.
legendary
Activity: 1904
Merit: 1002
April 18, 2012, 08:43:27 PM
#29
And yes, I'm claiming 1% of the population has at least a little of their leg cut off.  1% being legless is probably a stretch, but I know a lot of people who have lost at least a toe.
legendary
Activity: 1904
Merit: 1002
April 18, 2012, 08:41:13 PM
#28
over 99% of humans have an above average number of legs

False

ORLY? Take a ballpark guess of what the average number of legs per person is for the entire population of Earth? If you add up all of the legs that everyone has and divide it by the total number of people, what do you think that number might be?

Now what do you think the one percentile is for number of legs? What is the cut off for being in the lowest 1% of the population in regards to number of legs? If you arranged the world population in a line based on how many legs they had, from most to least, how many legs would the guy who is 99% of the way down the line have?

Is the one percentile higher or lower than the average?


Average number of legs per person... ballpark 1.99998 (some have more, some have less, but probably more with missing/partial legs than people with extra legs)

I would say that having both legs off at the hip would put you in the 1%.

Legless Joe has less legs than the average.

Now let's look at your statement:
over 99% of humans have an above average number of legs
You're saying everyone before Joe has more than 1.99998 legs, which is not true because there are people with 1 leg, people with 1.5 legs (off at the knee), etc.

Also, I gave you the benefit of the doubt by assuming there are more legless/partial legs than extra legs.  Without that, your statement is just patently false.
hero member
Activity: 672
Merit: 500
April 18, 2012, 03:03:02 PM
#27
over 99% of humans have an above average number of legs

False

ORLY? Take a ballpark guess of what the average number of legs per person is for the entire population of Earth? If you add up all of the legs that everyone has and divide it by the total number of people, what do you think that number might be?

Now what do you think the one percentile is for number of legs? What is the cut off for being in the lowest 1% of the population in regards to number of legs? If you arranged the world population in a line based on how many legs they had, from most to least, how many legs would the guy who is 99% of the way down the line have?

Is the one percentile higher or lower than the average?
legendary
Activity: 1904
Merit: 1002
April 18, 2012, 02:46:00 PM
#26
over 99% of humans have an above average number of legs

False
hero member
Activity: 672
Merit: 500
April 18, 2012, 12:41:47 PM
#25
over 99% of humans have an above average number of legs
member
Activity: 84
Merit: 10
April 18, 2012, 11:38:00 AM
#24
Reminds me of president Eisenhower, who flew into a rage when his advisors told him that roughly half of the US population was of below average intelligence :-) Guess which half he was on?
That's pretty funny, I'd never heard that before Grin

Say what you will about Eisenhower, at least he wasn't an effete and decadent little pussy like just about every Republican who treats us to his/her mouth farting noises these days. McCain gets a pass in my book but the spine he had 40 years ago turned to jelly somewhere along the way.

I don't think there is anyone who regards Eisenhower's parting comments on the "Military-Industrial Complex" as anything other than precise and prescient. It certainly helps explain the mindset of worthless and evil fucks like the Project For A New American Century, the mindset that says all we have to do is to regularly kick some ass to have our way. Recall, these are the exact individuals who brought us war on phony pretenses in Iraq, and anyone who tells me we wouldn't have been better off cutting their throats from ear to ear can't do simple math.

Section IV below for the exact quote:
http://www.h-net.org/~hst306/documents/indust.html
legendary
Activity: 1106
Merit: 1001
April 18, 2012, 09:17:01 AM
#23
Reminds me of president Eisenhower, who flew into a rage when his advisors told him that roughly half of the US population was of below average intelligence :-) Guess which half he was on?
member
Activity: 84
Merit: 10
April 18, 2012, 09:09:04 AM
#22
Mathematically illiterate poll
what does 500< means? 500 is less than....what?

Sit down! F

There are a lot of foreign language speakers here, if you really have that much trouble figuring out what he means you should probably just give up now.
+1

FWIW, my reference position is to be short in the same amount as I am holding, hedged and more or less flat with respect to price changes. I'm just a teensy bit on the short side now, leaving me with plenty of dry powder in margin at Bitcoinica.
R-
full member
Activity: 238
Merit: 100
Pasta
April 18, 2012, 08:55:28 AM
#21
I have 21 million.


Not  Embarrassed


legendary
Activity: 1652
Merit: 1128
April 18, 2012, 07:25:08 AM
#20
Mathematically illiterate poll
what does 500< means? 500 is less than....what?

Sit down! F

There are a lot of foreign language speakers here, if you really have that much trouble figuring out what he means you should probably just give up now.
newbie
Activity: 54
Merit: 0
April 18, 2012, 07:21:55 AM
#19
Mathematically illiterate poll
what does 500< means? 500 is less than....what?

Sit down! F
legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
April 18, 2012, 05:35:45 AM
#18
looking at this poll wants me to increase my bitcoin holding

Actually this poll makes me a bit worried, since it hints towards an average BTC holding of roughly 1500 per person. Since there are only about 9 million BTC in existence, the Bitcoin (holding) community would be only 6000 people worldwide! That doesn't seem very much to build an economy on. Yes I know that this reasoning is statistically unsound, but I remember such polls in earlier days that had far lower average values.

Of course this poll is probably about as unrepresentative as it is manipulated, but still...

Now go sell all your coins so I can buy them up cheap!
legendary
Activity: 4542
Merit: 3393
Vile Vixen and Miss Bitcointalk 2021-2023
April 18, 2012, 05:03:16 AM
#17
If you ask university professors whether they are in the top 50% of their field, 94% of them say they are.

That's because people who are in the bottom 50% of their field aren't employed as university professors. Or at least I hope they aren't...
legendary
Activity: 1260
Merit: 1000
Drunk Posts
April 18, 2012, 01:48:21 AM
#16
forget 1000, forge 10000 i want tem all1
hero member
Activity: 714
Merit: 500
April 18, 2012, 01:36:53 AM
#15
At the begining, i was thinking 100.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
April 18, 2012, 01:30:12 AM
#14
18% of voters are the 1%. Seems legit. 

If you ask university professors whether they are in the top 50% of their field, 94% of them say they are.

That might be right, I'd say about 90% of mine we're top 50%.
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
April 18, 2012, 01:18:36 AM
#13
18% of voters are the 1%. Seems legit. 

If you ask university professors whether they are in the top 50% of their field, 94% of them say they are.
hero member
Activity: 486
Merit: 500
April 17, 2012, 02:18:46 PM
#12
I plan on having over 5000 before the reward gets cut in half, I have one computer mining with 4 video cards, but I just see that its cheaper to just to buy the bitcoin at these levels.
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