Sublime

state surveillance, social credit systems, law subservient to the state, and centrally planned economic activity—will be embedded into the future of money, diminishing the vibrancy and health of the global economy, individual liberty, and human advancement.

While the equation might appear formidable, it can be further simplified to edge/odds, which is intuitive in operation. If the Kelly bettor is offered an even-money bet with no edge—for example, a coin flip where the bettor can double, or lose, whatever money is wagered—the optimal bet is zero. The Kelly Criterion won’t allow a bettor to take an ev