Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency

While many companies like to use buzzwords like crypto, blockchain, AI and encryption, Numerai actually combines all these technologies in a novel way. Founder Richard Craib discusses how his hedge fund started off crowdsourcing good financial models from data scientists to optimize its trading strategies in global equities. He then explains how it airdropped a token, the Numeraire, to those data scientists, giving them the option to stake some Numeraire for models they were especially confident in, and how staked models have higher returns. He also describes Numerai's new Erasure protocol, which helps build a marketplace for predictions for sellers who could profit more from selling their predictions than trading on them, and for buyers who can now use the signal of staking to filter between good and bad data. We dive into the protocol's "griefing" process, in which buyers can punish sellers, as well as the thorny issue of whether selling predictions based on proprietary information could constitute insider