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Selfish Mining Fallacy - Part 5 - Bayesian Mathematics
A very first introduction to Bayesian Probability
Definition Bayesian probability is an interpretation of the concept of probability, in which, instead of frequency or propensity of some phenomenon, probability is interpreted as reasonable expectation representing a state of knowledge or as quantification of a personal belief.
https://en.wikipedia.org/wiki/Bayesian_probability
A full course on Bayesian for those whom are interested in subject
An example of Bayesian:
Urn I contains 2 white and 2 black balls and Urn II contains 3 white and 2 black balls. An Urn is chosen at random, and a ball is randomly selected from that Urn. Find the probability that the ball chosen is white.
General format of Bayesian problem
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