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A comment on Mt. Gox Resigns Bitcoin Foundation Board Seat. Parent comment

Re:Mt. Gox Resigns Bitcoin Foundation Board Seat by bmelton on Monday February 24, 2014 @11:59AM (#7291808)
At the end of each day, yes, luck is a big factor. At the end of a career, statistical probabilities remain supreme, and you'll find that the hand you're supposed to play 60% of the time will win about 60% of the time.

You're not wrong to be critical of the OP for gambling with his lunch money, but at the same time, it's wrong to conflate statistics with luck. If "the way he plays" is "by the numbers", then luck really isn't a factor. Sure, it may bear on any given hand, but in a long enough game, luck is all but eliminated as being relevant.

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Re:Mt. Gox Resigns Bitcoin Foundation Board Seat by avalaunch on Monday February 24, 2014 @01:37PM (#7292529)
I agree entirely with everything other than the lunch money comment. Having 1k was no better to me than having 0 - in either case, I wouldn't have enough to pay my bills - so I wasn't really risking anything significant. Really, I only stood to benefit by taking the risk. If I had enough time I would have rebuilt my bankroll slowly but I simply didn't have enough time.
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Re:Mt. Gox Resigns Bitcoin Foundation Board Seat by bmelton on Monday February 24, 2014 @10:16PM (#7295143)
Just for the record, that's exactly what I assumed.

I didn't say 'lunch money' as to imply something necessary. Rather, it was intended as something trivial.

Either way, kudos on the hot streak.

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