Busting Bitcoin Myths: The Lindy Effect

Written by FrederikBussler | Published 2019/09/22
Tech Story Tags: bitcoin | lindy-effect | correlation-and-causation | bitcoin-maximalism | google-trends | statistical-fallacy | latest-tech-stories | life-expectancy-of-bitcoin | web-monetization

TLDR According to the widely-cited "Lindy Effect" Wikipedia page, the future life expectancy of a technology or an idea is proportional to its current age. This is a non-scientific and statistically-invalid claim, which is often used by Bitcoin maximalists to back their claim that Bitcoin is more valid because it's been around for longer. Ultimately, the Lindy Effect is useless in predicting the validity of cryptocurrencies for a number of reasons. It's like saying global warming is a myth because you're cold, here, right now.via the TL;DR App
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Written by FrederikBussler | Published author and writer.
Published by HackerNoon on 2019/09/22
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