RE: BitConnect Ponzi Eats up 7% of Mined Bitcoin Daily! Part 7
Sorry you have been under the weather, thanks for your thoughts. Yeah, your points of BitConnect having an incentive to appear more successful are well reasoned. We are all guessing with hunches here. Interestingly, enough if you average a bunch of good guesses it is statistically becomes quite accurate. (I took a specialized cave search and rescue class once where a search commander needed to deploy people quickly with very limited information. They found the best way to make a decision was to brief about 4-6 people who knew the situation and have them independently guess the probabilities. Then take that result and average them. This was very accurate. The context of this would be we have someone lost in the cave the cave splits into three parts, which part do we search first, second and third. What is the likelihood they are lost in each part. While more people did improve the accuracy of the numbers, after you had about 4-6 people analyzing the situation each additional guess offered only a minor improvement. In a situation where timely action was important, this method offered a good concrete decision making framework. )