Etherpunk Approves: Numerai / Numeraire (NMR) - A new kind of hedge fund built by a network of data scientists [Update: Take up a machine-learning course and have your fees subsidised. 5 more slots available!]

Been keeping an eye on this for a while now. It's a hedge fund that leverages on community participation and abstracted financial data. The way it works: it's designed to provide any enthusiast with access so they could begin to contribute their own machine-learning predictions, competing with other agents in the network while collectively improving the performance of the hedge fund. Data-science will become something that's fun and highly accessible in the near future, so I think this fits well into the ethos of the new distributed economy. The functioning platform over in https://numer.ai/ is also a good sign of its future possibilities.

They have quite a solid branding team too. I know some would say that substance is more important than style, but I'd say - why not both? I think this particular community / token / game could turn out to be wildly successful in the long-term. If anyone's interested, let's have a chat about building a kick-ass AI for Numerai data. Plenty of potential in this baby, especially if you consider incentivised intelligence markets in crypto-communities. Santiment (SAN) is another project to watch out for that nicely complements projects like this, but I'll leave that for another post.

The NMR token is already out on exchanges. If you're interested in taking up machine learning and staking up objectively provable intelligence, there's a pretty affordable course in Udemy: Machine Learning A-Z™: Hands-On Python & R In Data Science. In fact, I'm going to subsidise some of the course fees by sending you five (5) Steem Dollars if you purchase the course and show the receipt. Only for the first seven (7) people!

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_{Note: Although this is running on the Ethereum blockchain, I sure hope the devs would consider something like EOS in the near future as it'd allow high-frequency stuff. But at time of writing, operations on Numerai wouldn't require anything close to HF models as it isn't live predictions, but batched tournament slots. For more info: https://numer.ai/whitepaper.pdf. Not to be taken as financial advice.}