Re: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World!
How close was I late last year? This close: https://www.forbes.com/sites/laurashin/2017/02/21/this-is-the-worlds-first-cryptocurrency-issued-by-a-hedge-fund/#29c7042360b6
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While Craib wont reveal performance numbers or assets under management, USV was sufficiently impressed to lead a $6 million round this past fall. The company also received $1.5 million in seed funding, led by Howard Morgan, founder of the highly successful hedge fund Renaissance Technologies, in April.
From the desk of Numerai Revisited:
I actually read this article a day or two ago! It's a good read, but I'm not sure we're "there" yet. There's a lot more interesting smart contracts that will turn into "smart algorithms" or some-such until people are able to figure out how they work and trade against them. To me, it seems very very unlikely that someone creating a smart hedge fund will not eventually trade against it anonymously once people invest in it.
Be careful of shysters who claim to be working in your best interest. If someone cannot clearly explain how they make you money, then YOU are the way THEY make money. Until we have blockchain-based smart contracts, take stories like this with a HUGE grain of salt.
https://www.youtube.com/watch?v=AkLs9nVHv28&feature=youtu.be&t=168
With all due respect to Numerai [and Norman Packard], something doesn't smell right.
e.g. ...
: I love Kellogg cereal. Today, I will buy X amount of Kellogg shares knowing full well that within 48 hours its price is gonna rise thanks to the use of my "very special form of encryption thingy" blasting data to my special astute investors.
Fuck me in the ass! Like WTF, only 11.4% profit? Fuck Kellogg's! Today I'm going to buy X shares of World Wrestling Entertainment AND Premier Exhibitions, then tweak my "very special form of encryption thingy" just a tad prior to blasting the el pumpo to, again, my special astute investors. According to my calculations performed on my Casio calculator, I should have no prob recognizing no less than 18.1043% on the ROI meter.
"Numerai!"
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Edit 1 : What do you think about this one as well, Raize ?
https://medium.com/@Numerai/rogue-machine-intelligence-and-a-new-kind-of-hedge-fund-7b208deec5f0#.nl6an4ms0
https://medium.com/@Numerai/rogue-machine-intelligence-and-a-new-kind-of-hedge-fund-7b208deec5f0#.nl6an4ms0
I actually read this article a day or two ago! It's a good read, but I'm not sure we're "there" yet. There's a lot more interesting smart contracts that will turn into "smart algorithms" or some-such until people are able to figure out how they work and trade against them. To me, it seems very very unlikely that someone creating a smart hedge fund will not eventually trade against it anonymously once people invest in it.
Be careful of shysters who claim to be working in your best interest. If someone cannot clearly explain how they make you money, then YOU are the way THEY make money. Until we have blockchain-based smart contracts, take stories like this with a HUGE grain of salt.
https://www.youtube.com/watch?v=AkLs9nVHv28&feature=youtu.be&t=168
Quote
Normally, encryption kind of messes up data to such an extent that you loose all predictive structure after you encrypt something. But Numerai has a very special form of encryption that enables it to actually pass data to the crowd and that's the big innovation of Numerai.
With all due respect to Numerai [and Norman Packard], something doesn't smell right.
e.g. ...
: I love Kellogg cereal. Today, I will buy X amount of Kellogg shares knowing full well that within 48 hours its price is gonna rise thanks to the use of my "very special form of encryption thingy" blasting data to my special astute investors.
Fuck me in the ass! Like WTF, only 11.4% profit? Fuck Kellogg's! Today I'm going to buy X shares of World Wrestling Entertainment AND Premier Exhibitions, then tweak my "very special form of encryption thingy" just a tad prior to blasting the el pumpo to, again, my special astute investors. According to my calculations performed on my Casio calculator, I should have no prob recognizing no less than 18.1043% on the ROI meter.
"Numerai!"