{"id":2297,"date":"2017-07-12T16:15:52","date_gmt":"2017-07-12T16:15:52","guid":{"rendered":"http:\/\/thebitcoinpodcast.com\/?p=2297"},"modified":"2017-07-12T16:18:29","modified_gmt":"2017-07-12T16:18:29","slug":"ter68","status":"publish","type":"post","link":"https:\/\/thebitcoinpodcast.com\/ter68\/","title":{"rendered":"The Ether Review #68\u200a\u2014\u200aNumerai, The Last Hedge Fund"},"content":{"rendered":"<p><iframe loading=\"lazy\" style=\"border: none;\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/5530737\/height\/90\/width\/640\/theme\/custom\/autonext\/no\/thumbnail\/yes\/autoplay\/no\/preload\/no\/no_addthis\/no\/direction\/backward\/render-playlist\/no\/custom-color\/87A93A\/\" width=\"640\" height=\"90\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p id=\"51f8\" class=\"graf graf--p graf-after--figure\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/twitter.com\/xanderai\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/twitter.com\/xanderai\">Xander Dunn<\/a>\u00a0and\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/twitter.com\/richardcraib\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/twitter.com\/richardcraib\">Richard Craib<\/a>\u00a0discuss\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/numer.ai\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/numer.ai\">Numerai<\/a>, a new kind of hedge fund built by a network of data scientists.<\/p>\n<p id=\"0a18\" class=\"graf graf--p graf-after--p\">The Numerai platform crowdsources machine learning by releasing encrypted data sets to data scientists, incentivising them to develop machine learning algorithms to analyse the data. Scientists then bid their predictions to the hedge fund by staking funds, and are paid returns in Numeraire, the platform\u2019s native cryptocurrency, for correct predictions.<\/p>\n<p id=\"265c\" class=\"graf graf--p graf-after--p\">By abstracting its financial data to be only machine-readable, Numerai ensures that human biases and overfitting are overcome, and that short-term and long-term returns are equally weighted.<\/p>\n<p id=\"c178\" class=\"graf graf--p graf-after--p\">With the ultimate goal of \u201cowning all of the money in the world\u201d, the Numerai hedge fund has high hopes for the future.<\/p>\n<p id=\"9660\" class=\"graf graf--p graf-after--p graf--trailing\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/numer.ai\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/numer.ai\">numer.ai<\/a><br \/>\n<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/twitter.com\/xanderai\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/twitter.com\/xanderai\">twitter.com\/xanderai<\/a><br \/>\n<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/twitter.com\/richardcraib\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/twitter.com\/richardcraib\">twitter.com\/richardcraib<\/a><br \/>\n<a class=\"markup--anchor markup--p-anchor\" title=\"https:\/\/itunes.apple.com\/\/podcast\/the-ether-review\/id899090462?mt=2\" href=\"https:\/\/exit.sc\/?url=https%3A%2F%2Fitunes.apple.com%2F%2Fpodcast%2Fthe-ether-review%2Fid899090462%3Fmt%3D2\" target=\"_blank\" rel=\"nofollow noopener\" data-href=\"https:\/\/exit.sc\/?url=https%3A%2F%2Fitunes.apple.com%2F%2Fpodcast%2Fthe-ether-review%2Fid899090462%3Fmt%3D2\">itunes.apple.com\/\/podcast\/the-eth\u2026id899090462?mt=2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Xander Dunn\u00a0and\u00a0Richard Craib\u00a0discuss\u00a0Numerai, a new kind of hedge fund built by a network of data scientists. The Numerai platform crowdsources machine learning by releasing encrypted data sets to data scientists, incentivising them to develop machine learning algorithms to analyse the data. Scientists then bid their predictions to the hedge fund by staking funds, and are [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","unlock_protocol_post_locks":"","publish_to_discourse":"","publish_post_category":"","wpdc_auto_publish_overridden":"","wpdc_topic_tags":"","wpdc_pin_topic":"","wpdc_pin_until":"","discourse_post_id":"","discourse_permalink":"","wpdc_publishing_response":"","wpdc_publishing_error":"","footnotes":""},"categories":[1],"tags":[63,23,10,64,62],"_links":{"self":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/2297"}],"collection":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/comments?post=2297"}],"version-history":[{"count":2,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/2297\/revisions"}],"predecessor-version":[{"id":2301,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/2297\/revisions\/2301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/media\/2300"}],"wp:attachment":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/media?parent=2297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/categories?post=2297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/tags?post=2297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}