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Math/probability challenge Math/probability challenge

08-14-2018 , 04:29 AM
Collect all your pennies, dimes and nickels (but not quarters) and use it to buy dogecoin, litecoin and etherium today lol. Its better than other uses (or non uses of it) of it probably. (i used to have around $80 in coins some time ago). Its better to have twenties in your wallet than stupid coins. One only needs $2 in quarters and the rest are pests in your wallet lol.

So start a fund in your home that all coins received as change go into cryptocurrency funding. If it goes to zero so be it. But it can still skyrocket after current crash is over in 1-2 years that the hype will come back. Because they have done it before!


The only problem with the idea is that it costs more time to convert coins to $, its bs opportunity loss to spend your time better. The only way to do it is to use it when you are at walmart and using the automated paying machine/cashier, use the coins to pay instead (keep them in the car) and give yourself back $1-2 from the rest of the wallet that then is processed to crypto later. You could force yourself to "invest" lol in crypto with your change and can add up to $50-100 per year. Better than bs jars.

Last edited by masque de Z; 08-14-2018 at 04:39 AM.
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08-14-2018 , 08:08 AM
Yeah, I like to dump coins into the Walmart automated checkout as well. I don’t know how much they can hold, but I have poured in at least ten bucks of small coins, no problem.

They should give a discount for checking out your own stuff. They did a trial of the digital carts and pay with the Walmart app and just walk out the store. That was not pleasant.
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08-17-2018 , 12:05 PM
Just a follow up that some may enjoy, especially old coin collectors: [the nickel was minted in 1913]

rare-nickel-sold-for-4-5-million-in-philadelphia/
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08-17-2018 , 03:48 PM
Quote:
Originally Posted by Zeno



The antagonist of our story is presented above. Robert was on a good track in thinking on acquiring the needed parameters for a better calculation/estimation. The unknown factors, and Bayesian mysteries are these:

1) Roughly four months ago a large coin collection was purloined from a local residence (I knew the people). It contain many old pennies including old Indian Head Pennies (IHP). IHPs are very distinctive, wheat back pennies (WBP) are not. I guarantee that at least one 1919s WBP was in that coin collection.

2) The criminal was/is an idiot but cognizant enough to not spend an IHP but ignorant or lazy when it came to WBP's or other coins that were not obviously worth a lot (like silver dollars). He is also a drug addict.


3) The area is rural with a settled population of say 2,000 people. The local small town has about 15 business but I frequent only 3 regularly: the main grocery store, the hardware store, and the bar. Almost assuredly I received that coin at one of those locations.


With these added titbits of information and using critical thinking skills and reasonable assumptions and parameters, I know a better and more actuate estimation of the probability of my receiving the said coin can be calculated. I know Masque could do it!
It honors you you have a parallel centimeter scale. One thing or another appears bigger that way.
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08-18-2018 , 03:09 AM
Quote:
Originally Posted by Zeno
Just a follow up that some may enjoy, especially old coin collectors: [the nickel was minted in 1913]

rare-nickel-sold-for-4-5-million-in-philadelphia/
Thats remarkable price and wondering what the true story behind these 5 is. My father and i used to collect coins long ago and he kept with the habit. I didnt lol.
One can only wonder how many coins exist out there in the US in random places the past 250 years even 500 years that were forgotten. Their price probably is dictated by condition and rarity of collection not necessarily so much by how old it is. In principle nothing prevents someone that has long roots in US to have had coins from 5 generations ago. And there should be thousands that go back 2-3 centuries no?
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