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As a logical person at the casino. you want to put your money on the machine with the maximum expected return. This is the origin of the multi-armed bandit problem. We will cover the two most basic concept here: Beta distribution and Thompson sampling.

Beta Distribution

Use Beta Distribution and Thompson Sampling to Beat The Multi-armed Bandit at the Casino

In order to understand the solutions to the problem of centralisation of decentralised technology (which blockchain and built on it –Bitcoin is), let us first explain some basic concepts.

Centralisation of mining and some project's approach to that

[Note: This work was written and self-published in manuscript form on <a href="http://pllel.com" target="_blank">pllel.com</a> in summer 2018 with <a href="http://www.pllel.com/industries/wp-content/uploads/180810-forkonomy-v3.pdf" target="_blank">last revision 10th August</a>. Figures come from tweets, original manuscript and presentation slides from <a href="https://www.youtube.com/watch?v=d_7f16_29Mc" target="_blank">ETC Summit Forkonomy talk</a> in September 2018. <a href="https://hackernoon.com/forkonomy-revisited-where-are-they-now-73fbfbec6b4d" target="_blank">A follow-up commentary was just published</a>. TLDRs in video and tweet form, scroll down for the full text.]

Towards an Analytical Discipline of Forkonomy (Summer 2018)

Even if trends don’t last forever, it’s hard to resist selling yesterday’s technology at today’s prices. Don’t believe me? A <a href="https://www.shinola.com/mens/bicycles/the-detroit-arrow.html" target="_blank">single-speed bike</a> sells for $1,000 and vinyl records just saw their <a href="https://www.billboard.com/articles/columns/chart-beat/8085951/us-vinyl-album-sales-nielsen-music-record-high-2017" target="_blank">12th year of consecutive growth</a>.

Selling to Hipsters is Good Business

The day after I came home from the hospital, I quickly realized that all the housework I had been doing until the day before I delivered was suddenly impossible. I could barely walk let alone stay awake!

As a new mom — I take all the help I can get!

Many of us have heard a business rival say “It’s not personal, it’s just business”. However, is it possible to separate Steve Jobs the person from Steve Jobs the CEO of Apple. It was tried once under John Sculley. The rest is history. This article discusses why business has always been personal and why it is almost impossible to get rid of the founders’ DNA from the mission of the company. The beginnings of every business were mostly idiosyncratic.

Products of Idiosyncrasies

I frequently get asked “So, how’d you get into <a href="https://hackernoon.com/tagged/software-development" target="_blank">Software Development</a>?” To this, my response is a smile with “Want the quick and dirty version or the full story?”

My Climb Into Software Development

Last week I had the pleasure of sitting down with <a href="https://medium.com/@charbel" data-anchor-type="2" data-user-id="3535cd907c2e" data-action-value="3535cd907c2e" data-action="show-user-card" data-action-type="hover" target="_blank">Charbel Semaan</a> to be interviewed for his podcast <a href="http://madeinpublic.com/" target="_blank">Made in Public</a>.

What to do when you feel caught between spending time on creative pursuits versus managing projects

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Since n.d.

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