Re:DeFi bug accidentally gives $90M to users
by TomSwirly on Friday October 01, 2021 @12:35PM
(#28720566)
This is a wrong use of the term.
Black swans are rare but actually exist.
Re:DeFi bug accidentally gives $90M to users
by wizzwizz4 on Friday October 01, 2021 @01:35PM
(#28721328)
It's actually a correct use of the term. A “black swan” is something that is believed not to be possible – or, in retrospect, something that was believed impossible but happened anyway.
The term predates the discovery of black swans;
> However, in 1697, Dutch explorers led by Willem de Vlamingh became the first Europeans to see black swans, in Western Australia.[9] The term subsequently metamorphosed to connote the idea that a perceived impossibility might later be disproven. Taleb notes that in the 19th century, John Stuart Mill used the black swan logical fallacy as a new term to identify falsification.[10]
If it happens, it's not a black swan event.