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BTC = Black Swan. The theory was developed by Nassim Nicholas Taleb to explain: 1. The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology 2. The non-computability of the probability of the consequential rare events using scientific methods (owing to the very nature of small probabilities) 3. The psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs.
Is this the same as "six-sigma" (meaning extremely improbable event that has great impact because its extreme improbability)?
They use "six sigma" also in manufacturing as error level. If a probability of every erroneous task is 6-sigma, the final product is quite unlikely to be defective no matter how complex it is (automobile, etc.)
My IQ is 2.9-sigma, so it is very high (Mensa level is 2.0), but in itself it is meaningless because there are 100-thousands of as intelligent people around.
I saw you mention the sigma thing yesterday and looked it up but still don't really understand it. Basically, a simple definition of a Black Swan is something that comes along (e.g. internet) that most people just don't see coming. It is hard to predict to most. But once it gets a foothold most people look at it and say "Yeah, that was easy to see coming" - as it just makes so much sense - like the internet and like what Bitcoin can and is. I chopped that definition up, but think you get the point.
Regarding a high IQ, not to knock it, but we worship it in the West because it can help to make one a lot of money. But in the grand scheme of things, I would say something more in the direction of emotional intelligence, is more a sign of intelligence. Intelligence should involve many facets, - smarts, compassion, etc. Things that prolong the species and help us to better get along. As it is, IQ tests are self serving to a capitalistic mentality. I'm not knocking you, I love reading your posts, but I'm just saying... To measure a Human Being based on an IQ test, well it's sort of the antithesis of how one should be measured...
