Introducing Numeraire
Last year, Numerai proposed a new kind of hedge fund, which allows any data scientist to build machine learning models on our data, and submit predictions to control the capital in our hedge fund.
Today, we are releasing a new money abstraction for Numerai. It begins a new commerce with our data scientists based on long-term alignment not possible with regular money.
It is a new cryptocurrency called Numeraire, and it makes collaboration compatible with self-interest.
So it's a currency attached to data? or the actual processing of it? With things like google's machine learning library and IBM Watson's API among other developer tools being made for easily creating neuralnet based AI I'm not sure how it can compete, but it still sounds promising since the leaders of AI tend to buy up anything remotely useful and incorporate it into their own ecosystems, if that were to happen here it could have some high value shortly after.
Very good article. Nice to see I'm not the only one who thinks like this. It's surprising how much uneducated investors the crypto space has. You still see people invest in this shady and scammy coins. We do need more indept investment analysis. This is quite an interesting website I found: https://www.coincheckup.com For a complete crypto analysis on every single tradable crypto out there.