RE: Schnorr Signatures - Explained in 90 Seconds
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Schnorr Signatures - Explained in 90 Seconds - Excellent, just as I like it - no waffle.
Yesterday, in response to my comment that I put precious metals as my preferred investment, your reply was :
Metals are Lindy!
What does Lindy mean?
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https://en.wikipedia.org/wiki/Lindy_Effect
Lindy effect
The Lindy effect is a theory that the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy. Where the Lindy effect applies, mortality rate decreases with time. In contrast, living creatures and mechanical things follow a bathtub curve where, after "childhood", the mortality rate increases with time. Because life expectancy is probabilistically derived, a thing may become extinct before its "expected" survival.
A clarification that applies to everyone, thanks... ☺
Thank you for explaining the Lindy effect - most kind!
Some sobering thoughts:
In contrast, living creatures and mechanical things follow a bathtub curve where, after "childhood", the mortality rate increases with time. Because life expectancy is probabilistic derived, a thing may become extinct before its "expected" survival.
Hey Agrostis. I see that Sames has already provided a link to the Lindy Effect. Essentially, the longer something has been around, the greater likelihood that it will continue to do so in the future, since it has already demonstrated "staying power". Since metals have been used as a store of value for thousands of years, there's a good chance that it will continue to serve as a reliable store of value in the future as well.
Yes, Sames did. And thank you for your explanation.