Replying to Avatar Chris Liss

Coin flip is 50/50, but it will never land half heads or half tails. It will be 100 one and zero the other And yet still it’s 50/50.
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fiatjaf 11mo ago

Is it? I don't think coinflip is always 50/50, it will depend on the coin, the tosser, the wind, many other variables.

And yet it makes sense to say it's 50/50 because you can an unlimited number of coinflips with variables that change so much it ends up being 50/50 in the long run, or so we hope.

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Chris Liss 11mo ago

that's true, and probability is a fiction in that sense, and if we knew every variable, we would know how it would land with certainty, but I’m happy to do coin flips with you if you give me 60 sats for every heads, and I give you 40 sats for every tails, given we don’t know all the variables.