Numeraire Is Live

Back in February, I posted about Numeraire.

I wrote:

the Numerai team has now gone a step further and issued a crypto-token called Numeraire to incent these data scientists to work together to build the best models instead of just competing with each other

And roughy four months later, I am happy to write that the Numeraire token is live on the Ethereum blockchain.

You can read more about this here.

Well done Numerai team.

#crypto#machine learning#stocks

Comments (Archived):

  1. jason wright

    On the Ethereum blockchain?ERC20 seems to be on the turn from being a feature to being a ‘Numeraire’ a record breaker for being the longest name for a token….and how to pronounce it?is it a NUM or a NUMB?

    1. fredwilson

      how so?i think ERC20 is the killer app for ETH and is what is behind its spectacular rise in value this year to date

      1. jason wright

        – you live by the sword and you die by the sword. if bitcoin maximalists launch Trojan horse ERC20 ICOs and immediately convert the ETH to BTC what happens to the cap of each blockchain? it’s a great defensive strategy by the incumbent community. you have to admire the delightfully devious nature of it. it’s a killer response.thwack..

        1. JamesHRH

          Somebody has to want the Trojan Horse tokens, from outside. That’s hard to do.

          1. jason wright

            Observation suggests the opposite. Another day another bloated ICO outcome.Some of the ICOs we’ve seen are elaborate scams, and some are elaborate bitcoin stings, and there will be more.At some future date i expect a coordinated ETH dump. if i were a bitcoin billionaire this is how i would respond to ERC20. it’s war by other means. that’s the species we seem to be at scale. we will go extinct.

      2. JamesHRH

        ERC20 looking like the killer app for blockchains, period.Could Fred E be wrong about the need for OX? What if everyone just tokens up on ERC20 and trade across ETH rather than a market of multi-blockchain tokens?

      3. mplsvbhvr

        Yup – if Ethereum is the new internet, ERC20 is “.com” – we’ll see a boom, a bust, and then we’ll be left with a completely new set of FANGs which will lead the way for the next 20 years.Obviously companies before the ERC20 boom will still be around and major players (just like major corporations which existed before 2008), but I think we’re looking at the greatest wealth creation tool of our generation. ERC20 is the game changer.

  2. William Mougayar

    The best thing I like about the Numeraire token is that you can’t buy it on the outside market or speculate on it. It is only owned by those professional data scientists who are participating in the hedge fund models. It must be earned by them for doing real work.I’d like to see more token models operated that way, where market speculation is not even in the cards. The token has a valuable utility, and serves as a proxy for rewarding success.

    1. awaldstein

      Perfect thought well articulated.

    2. JamesHRH

      Horses for courses. Good fit here though.

    3. mplsvbhvr

      Spot on…But I still wish I could buy some haha

      1. Evan Van Ness

        You can buy some, but you have to do some work to find it and you’ll pay a premium.

        1. mplsvbhvr

          Good to know – thanks for the heads up Evan.

          1. mplsvbhvr


        2. jason wright

          Where’s price discovery?

    4. LE

      where market speculation is not even in the cardsHowever ‘sex sells’. It’s the market speculation that is creating headlines, interest and (edit: main stream) attention in this sector.

      1. William Mougayar

        For so long.

  3. CJ

    The founder did an interview with Jason on This Week in Startups, it was a good episode and insightful about the company.

  4. creative group

    William Mougayar:We concur in part. Who controls and benefits from the Hedgefund the Data Scientists are predicting and working on?Captain Obvious not so obvious question.

  5. creative group

    CONTRIBUTORS:OFF TOPIC ALERT!Time Magazine Cover….Robert Mueller The Lie Detector https://uploads.disquscdn.c

  6. Ronnie Rendel

    I’m so excited and jealous ( in a good way). The AVC community has been following the development of decentralized networks, and AVC has been leading the way. We get front row seats for what looks like me an entirely new Internet paradigm (aka 1998).