Yes...I remember a few years ago, with one of the algorithm testing sites, a group basically just submitted 20-30 pseudo-random predictions. One of them ended up winning, but it wasn't like the team actually had a useful algorithm, they were just playing the system because betting was free.
Re:AI Hedge Fund Goes Live on Ethereum
by isubkhankulov on Wednesday June 21, 2017 @06:13PM
(#14608419)
why not stake with bitcoin or ether?
Because they can't mint and award it to users. NMR is only earned by performing well.
Re:AI Hedge Fund Goes Live on Ethereum
by isubkhankulov on Thursday June 22, 2017 @05:46PM
(#14615601)
theyre listing it on poloniex FYI
Do you have another way data scientists can give estimates of their model's ability to do better than chance and be held accountable for that estimate? Additional prize pool based on giving good reliability estimates seems like an excellent way to do it.
The tokens are not the value of the numerai fund itself. They are merely a tool for the staking process.