Well, the problem I see is summarized on this quote: "There are three kinds of lies: lies, damned lies, and statistics"
Numbers are typically "massaged" by journalists and politicians. Hopefully, this is one of the things blockchain will eliminate, all the uncertainty and corruption when reporting numbers. The jobs report and CPI by government agencies are glaring examples of these massages. That's why it makes me wonder how they got to these outrageous figures. regards
Not only are some numbers massaged, many are outright lies to begin with. Nothing but fairy tales measuring nothing relevant. Take the unemployment number...
Less people working but the number goes down because people exceed their benefits and fall off the back end.
@cryptoeagle you brought a great fact here. All the misinformation media creates affects crypto too. Same as the stupid words from jamie dimons, that brought loses to several people, specially new adopters I believe. upvoted. @gold84
@cryptoeagle not sure how they got to that number but it is extremly high. Hope it gets better on the next improvements. Upvoted your comment. @gold84
Well, the problem I see is summarized on this quote: "There are three kinds of lies: lies, damned lies, and statistics"
Numbers are typically "massaged" by journalists and politicians. Hopefully, this is one of the things blockchain will eliminate, all the uncertainty and corruption when reporting numbers. The jobs report and CPI by government agencies are glaring examples of these massages. That's why it makes me wonder how they got to these outrageous figures. regards
Not only are some numbers massaged, many are outright lies to begin with. Nothing but fairy tales measuring nothing relevant. Take the unemployment number...
Less people working but the number goes down because people exceed their benefits and fall off the back end.
@cryptoeagle you brought a great fact here. All the misinformation media creates affects crypto too. Same as the stupid words from jamie dimons, that brought loses to several people, specially new adopters I believe. upvoted. @gold84