Rough math: Probability of Bitcoin imploding = P(B) = x Prob of altcoin A imploding = P(A) = x + (1 - x) * P(A imploding by itself) = y Prob of derivative token T built on A imploding = P(T) = y + (1 - y) * P(T imploding by itself) Most P(A) close to 100% & P(T) even more so.
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Relationship between P(T) & P(A) is self-evident: a thing cannot exist if the thing that hosts it ceases to exist.
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Relationship between P(A) & P(B) is based on the realization that Bitcoin is a once-in-a-millennium innovation that cannot be easily out-innovated. If Bitcoin goes down, everything else goes down with it.
8:57 PM - 12 May 2018
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