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Topic
Board Speculation
Merits 4 from 4 users

Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
vapourminer
on 19/04/2025, 11:05:31 UTC
⭐ Merited by d_eddie (1) ,AlcoHoDL (1) ,xhomerx10 (1) ,Hueristic (1)

Something that always keeps coming back to me is the phrase "There ain't no such thing as a free lunch".

Exactly. And it's not just a smart-sounding phrase—it was proven mathematically in 1995 by Wolpert & Macready. I remember referring to their paper when I was doing research back in the late 90s.

[Santa Fe Institute] William Macready, David Wolpert — No Free Lunch Theorems for Search

The full paper in PDF format can be found in the above link.

i was introduced to that phrase as TANSTAAFL in The Moon is a Harsh Mistress by Robert Heinlein.

awesome read if you have yet.