Saturday, June 24, 2017
Self-extinguishing stupidity
This has to be the most complexly stupid idea in history.
Headline: 'Quantum gambling' could make betting fairer for all involved
A team of researchers in China and Bristol has developed a way for two parties to play a gambling game fairly, without the need for any third party to step in, using quantum mechanics. The authors think this area of ‘quantum gambling’ could one day be used in casinos. "The fairness of our protocol does not rely on the integrity of any participant, but relies on the assumption that both parties are rational and would like to choose a strategy to maximise their own gains," Xiaoqi Zhou, co-author of the paper, told WIRED.1. Game theory is nonsense. 2. Quantum quackery is nonsense. 3. Game theory * Quantum quackery = nonsense * nonsense. 4. Gambling is a profitable business because it's unfair. A "fair" form of betting will not be implemented by any actual bookies or casinos. 5. Bettors don't want "fair" gambling either. The thrill of gambling comes from beating the house because you KNOW the house has the advantage. If there's no advantage, there's no sense of revenge. 6. And that's the good news. Most stupid ideas are implemented with bombs and bullets by governments, because governments are fueled by psychotically stupid ideas. This stupid idea depends on sane and moral businessmen (ie non-governmental Mafias) to implement it, so it won't happen. Thanks, Ralph.
Labels: Emersonian justice
¶ 9:02 AM
