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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: derekz on June 25, 2017, 08:28:55 AM



Title: [ NMR ] Numeraire - What do you think about?
Post by: derekz on June 25, 2017, 08:28:55 AM
Words like "hedge fund" "social" and "artificial intelligence" like them very much, but I want understand if I'm an investor or chicken  ;D

New star or pump>dump>end tomorrow ?


https://coinmarketcap.com/assets/numeraire/


https://numer.ai/


https://www.wired.com/2017/02/ai-hedge-fund-created-new-currency-make-wall-street-work-like-open-source/


https://www.youtube.com/watch?v=Q6qvucC7zv0



Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Metros on June 25, 2017, 12:29:06 PM
This one is going to boost fast, tons of data scientists competing each other inside Numeraire. that's insane lol.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: derekz on June 25, 2017, 02:10:42 PM

https://www.wired.com/2017/02/ai-hedge-fund-created-new-currency-make-wall-street-work-like-open-source/


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: goose20 on June 25, 2017, 02:19:37 PM
Numeraire (NMR)

I've looked into this one because i have some knowledge and experience of machine learning, data mining, and AI etc.

1. The recent distribution of NMR was to previous participants of their online tournments at the rate of 1$:4NMR (25 cents earned in a tournament got you 1 NMR).
2. Future distributions will be based on future tournament results.
3. The weekly winner of a tournment gets $1,000 and now also got 4000 NMR.
4. At current NMR prices on Bittrex, 4000 NMR is ~$0.5M
5. Compare point 4 and point 3 above and tell yourself whether NMR is currently over-priced.

* I think people who were recently distributed the 1,200,000 NMR and people who will be earning them going forward will be falling over themselves to sell while the prices are this ridicoulsly high. The golden period will be very short.

6. The purpose of NMR is to use them to stake your entry predictions in the weekly tournament.
7. If you think you will do well, you stake. If you do well, you get your original NMR back plus you now get a few more $$$'s. If you don't do well, you lose your NMR and they get burned forever.

Who in their right mind (and data scientists are pretty smart) are going to risk something say worth $150 to possibly gain $1 more when you could easily lose that $150 (NMR) = no one.
Therfore, the whole purpose of NMR will not work at current prices.

It is a P&D at the moment. A project that was paying out $250,000 - $300,000 a year is now miracously paying out $300million+ a year just because they released an ETH based token. Damn good time to be a data scientisit and a very bad time to be a NMR investor.

Just my opinion. I can mine millions of data points and turn it into information, but i can not predict the madness of people.
:)






Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: statdude on June 25, 2017, 04:51:23 PM
Numeraire (NMR)

I've looked into this one because i have some knowledge and experience of machine learning, data mining, and AI etc.

1. The recent distribution of NMR was to previous participants of their online tournments at the rate of 1$:4NMR (25 cents earned in a tournament got you 1 NMR).
2. Future distributions will be based on future tournament results.
3. The weekly winner of a tournment gets $1,000 and now also got 4000 NMR.
4. At current NMR prices on Bittrex, 4000 NMR is ~$0.5M
5. Compare point 4 and point 3 above and tell yourself whether NMR is currently over-priced.

* I think people who were recently distributed the 1,200,000 NMR and people who will be earning them going forward will be falling over themselves to sell while the prices are this ridicoulsly high. The golden period will be very short.

6. The purpose of NMR is to use them to stake your entry predictions in the weekly tournament.
7. If you think you will do well, you stake. If you do well, you get your original NMR back plus you now get a few more $$$'s. If you don't do well, you lose your NMR and they get burned forever.

Who in their right mind (and data scientists are pretty smart) are going to risk something say worth $150 to possibly gain $1 more when you could easily lose that $150 (NMR) = no one.
Therfore, the whole purpose of NMR will not work at current prices.

It is a P&D at the moment. A project that was paying out $250,000 - $300,000 a year is now miracously paying out $300million+ a year just because they released an ETH based token. Damn good time to be a data scientisit and a very bad time to be a NMR investor.

Just my opinion. I can mine millions of data points and turn it into information, but i can not predict the madness of people.
:)



shocking pump and dump. agreed.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: clardalan on June 25, 2017, 05:18:36 PM
the concept is intriguing.

how is winner selected?
Not sure I follow ths point 7 and its conclusion. You bet in NMR and you win in NMR? So, why are you talking about 150=>1?
That only applies if price drops to 1/150th. Which can only happen 1 time (if at all).

Any other week, nmr=nmr. So I cannot understand your logic.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: jacafbiz on June 25, 2017, 05:37:57 PM
I have read the Numeraire whitepaper, but I don't think this project need a token, sound concept but is like someone talking your Gold and given you Brass. All this token creation market will soon burst


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: goose20 on June 25, 2017, 06:03:14 PM
the concept is intriguing.

how is winner selected?
Not sure I follow ths point 7 and its conclusion. You bet in NMR and you win in NMR? So, why are you talking about 150=>1?
That only applies if price drops to 1/150th. Which can only happen 1 time (if at all).

Any other week, nmr=nmr. So I cannot understand your logic.

No. You stake NMR but can only win extra $$. The weekly stake pool is $1000. You do not get extra NMR if you win, just a share of the $1000. If you 'lose' then bye bye your NMR.

Its like betting a gold coin to win a dime. It's only worth it if that gold coin is worth a dime or less. Not if the gold coin is worth $100.

There has been 1200000 NMR issued recently, just so it can be staked in weekly tournaments worth $1000. Hmmmm, cant say there is much value in NMR.

All my own opinion of course. Doesn't mean the price of NMR wont bounce all over the place.




Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: clardalan on June 25, 2017, 06:26:39 PM
I do not understand what you say. READ the whitepaper. I am quoting for you:

" After the initial distribution, the smart contract will mint a fixed number of Numeraire each week until the maximum is reached. By performing well in Numeraiís machine learning competition, data scientists will earn Numeraire on an ongoing basis. When data scientists are confident of the predictions they have made, they send Numeraire to the Numeraire Ethereum smart contract. The receiving contract will hold the data scientistsí Numeraire for some holding period t,with t suffciently large to judge performance on new data. After t has passed, Numerai will send a message to the contract with information on which data scientistsí predictions performed well on new data. Those data scientists whose predictions performed well earn dollars based on the auction mechanism, and their Numeraire are returned. Those data scientists whose predictions did not perform well on newdata risk having their Numeraire destroyed.
"

Clearly, participants get their Numeria back + Dollars, when they win the competition. your argument is wrong.

I am not even an ICO participant. Just trying to figure how big I should enter Nmr... Please help with facts not misconceptions.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: goose20 on June 25, 2017, 10:38:06 PM
I do not understand what you say. READ the whitepaper. I am quoting for you:

" After the initial distribution, the smart contract will mint a fixed number of Numeraire each week until the maximum is reached. By performing well in Numeraiís machine learning competition, data scientists will earn Numeraire on an ongoing basis. When data scientists are confident of the predictions they have made, they send Numeraire to the Numeraire Ethereum smart contract. The receiving contract will hold the data scientistsí Numeraire for some holding period t,with t suffciently large to judge performance on new data. After t has passed, Numerai will send a message to the contract with information on which data scientistsí predictions performed well on new data. Those data scientists whose predictions performed well earn dollars based on the auction mechanism, and their Numeraire are returned. Those data scientists whose predictions did not perform well on newdata risk having their Numeraire destroyed.
"

Clearly, participants get their Numeria back + Dollars, when they win the competition. your argument is wrong.

I am not even an ICO participant. Just trying to figure how big I should enter Nmr... Please help with facts not misconceptions.

Haha, now you just trolling.

Re-read what i said "7. If you think you will do well, you stake. If you do well, you get your original NMR back plus you now get a few more $$$'s. If you don't do well, you lose your NMR and they get burned forever."

Wow, you staked 200 NMR and 'won'. You get your initial 200 NMR back and your extra $10 winnings. Best bet ever, risking to lose $20,000 to win $10.
-> Go all in mate, this one is pocket aces. Haha.

.
.
Sarcasm folks. Really think about this one.

I have every reason to hype, but i am telling it as it is because its truly insane.

I currently have 3 entries in the top 100 of this weeks numerai tournament. So i will be earning some NMR, just a matter of how many. Plus payout is 4 weeks after tournament so i have to wait.

I will even sell, for 50%, of current NMR value an entry of the expected winnings. That is how confident i am that price will fall later. I.e. i miss out on 50% value to get deal locked in now, any taker can easily double except for what the price will be 4 weeks from now.

Seriously anyone out there pm me, and we'll do a deal through a top escrow (blazed or OgNasty etc). The best +EV deal going. For example, position # 50 in the tournament pays out $3.15 + 12.61 NMR. I would sell an entry that will get you this position for 0.3btc. Example only. But my honest opinion is the price will drop and not hold, that's what logic says, but rarely is anything in crypto logical.

Good luck all.
:)



Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: galaxiekyl on June 26, 2017, 11:44:36 AM
buy nmr now scientist are always in error..popular discovery was a accident..they will lost their nmr and this coin will cost 0.1 soon  ;)


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: frg7alien on June 26, 2017, 07:54:39 PM
Doesn't seem like there's any benefit to regular investors, seeing as the algorithm which produces profits for hedgefunds have no ties to the NMR token

A shame really, adios NMR


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: wawaTwice on June 26, 2017, 09:22:03 PM
To sum up, if I understood well:

- In Finance there are always losers and gainers. We cannot gain altogether (we are not in a world full of lollipops and candies)
- Machine learning (ML and the sub-field of Deep Learning are very hyped right now) and more and more people use data/bots/machine learning to trades
- Numerai want to create the best model to predict the stocks
- So they will give Numerai coins to all data scientists that participate to Numerai challenges to improve the accuracy of stock predictions.
- Hence, all data scientists are encouraged to work all together to improve the accuracy of the stock predictions and earn rewards (Numerai coins).

All, in all, the idea is good, because It encourages data scientists to work all together to earn Numerai coins and improve stock predictions. Moreover
deep learning is overhyped right now so this project can easily pump (well it pumps hard and dump hard)

The remaining question is: we improve the accuracy of stocks prediction and so what? If everybody has access to the algorithm, everybody will anticipate
the stock price and it won't improve the situation overall. The thing is that of course, they won't share the best model they have found. It's like giving money
to top data scientists in the world to find the best model to predict stocks. The datascientists are quite happy as they earned something, but the real winner in
the story is the hedge fund... ofc


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: clardalan on July 01, 2017, 08:24:12 PM
I do not understand what you say. READ the whitepaper. I am quoting for you:

" After the initial distribution, the smart contract will mint a fixed number of Numeraire each week until the maximum is reached. By performing well in Numeraiís machine learning competition, data scientists will earn Numeraire on an ongoing basis. When data scientists are confident of the predictions they have made, they send Numeraire to the Numeraire Ethereum smart contract. The receiving contract will hold the data scientistsí Numeraire for some holding period t,with t suffciently large to judge performance on new data. After t has passed, Numerai will send a message to the contract with information on which data scientistsí predictions performed well on new data. Those data scientists whose predictions performed well earn dollars based on the auction mechanism, and their Numeraire are returned. Those data scientists whose predictions did not perform well on newdata risk having their Numeraire destroyed.
"

Clearly, participants get their Numeria back + Dollars, when they win the competition. your argument is wrong.

I am not even an ICO participant. Just trying to figure how big I should enter Nmr... Please help with facts not misconceptions.

Haha, now you just trolling.

Re-read what i said "7. If you think you will do well, you stake. If you do well, you get your original NMR back plus you now get a few more $$$'s. If you don't do well, you lose your NMR and they get burned forever."

Wow, you staked 200 NMR and 'won'. You get your initial 200 NMR back and your extra $10 winnings. Best bet ever, risking to lose $20,000 to win $10.
-> Go all in mate, this one is pocket aces. Haha.

.
.
Sarcasm folks. Really think about this one.

I have every reason to hype, but i am telling it as it is because its truly insane.

I currently have 3 entries in the top 100 of this weeks numerai tournament. So i will be earning some NMR, just a matter of how many. Plus payout is 4 weeks after tournament so i have to wait.

I will even sell, for 50%, of current NMR value an entry of the expected winnings. That is how confident i am that price will fall later. I.e. i miss out on 50% value to get deal locked in now, any taker can easily double except for what the price will be 4 weeks from now.

Seriously anyone out there pm me, and we'll do a deal through a top escrow (blazed or OgNasty etc). The best +EV deal going. For example, position # 50 in the tournament pays out $3.15 + 12.61 NMR. I would sell an entry that will get you this position for 0.3btc. Example only. But my honest opinion is the price will drop and not hold, that's what logic says, but rarely is anything in crypto logical.

Good luck all.
:)



thanks and sorry for misreading your post earlier :)


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: cordlesslake on July 03, 2017, 12:58:30 AM
Post by Numerai founder Richard Craib: https://forum.numer.ai/t/the-new-numerai-economy/347

Changing NMR payout with a 90% reduction.

"
Just over a week ago, Numerai was paying out $14,700 per month to our data scientists. A few days ago, this number reached $9.8 million per month because of secondary market trading activity in our new crypto token Numeraire.
.
.
.

Changes
* Reduce NMR payouts ~90% to NMR 1510 per week
* Increase staking payouts 3x to USD 3000 per week

These changes will apply immediately to the current Numerai tournament, and all unresolved tournaments as well including all stakes."



:( for NMR
so it will be better to stake NMR? that is huge


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: clardalan on July 06, 2017, 05:52:00 PM
|Anyone knows how many NMR are destroyed per week vs how many created?


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Zabivelli on July 17, 2017, 02:08:43 AM
Guys

There is no official thread page of NMR on bitcointalk or what??? ;D


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: coingrow on August 09, 2017, 06:59:38 PM
Numeraire is one coin i found to be at bottom. With active development and great community (being in there slack).  As per TA just now signaled some breakout. Its @1/4th of its ATH.  So FOMO can come easily to this,if a whale catch it.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: CryptoAnimal on August 09, 2017, 07:53:09 PM
Indeed, sub 30$ for this coin is a STEAL!


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: fedmahnkassad on August 13, 2017, 08:26:44 PM
I got on board recently as well. First time I noticed it was when Julian Yap tweeted about it being a very interesting project. He's usually very spot on, so I went and read more about the project. I believe it's going to get pretty big in the next few months.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Melissa95 on August 15, 2017, 01:42:32 AM
Holding NMR has an obvious benefit (to both data scientists and traders/investors):
Data scientists have a stronger incentive to hold it as it represents a pay-out from the success of the Numer.ai fund i.e. given that the data scientists presume the fund will be profitable, then the cashing out NMR has a severe opportunity cost: forgone future returns. Analogous to receiving shares in a company you work for as a year-end bonus: yes you can cash them out now for money, but if you believe the company will grow then it's optimal to hold onto the shares. Early sellers may simply misunderstand the economic incentive model. If one assumes that the collective insight of 12000 data scientists can be successful Ė then the logical decision would be to hold NMR.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: SwedishGirl on August 18, 2017, 09:27:37 PM
Is there an official thread for this? Very interesting project and I recently bought some before the latest small pump but really unsure where to get latest news for this project.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Boxxl on August 28, 2017, 02:28:41 PM
I liked Numerai but they have a new competitor.
Price is lower. We will see  :)



https://pbs.twimg.com/media/DHhbztSXcAICR6o?format=jpg&name=large


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Bytem3 on November 29, 2017, 04:24:28 PM
All those of you who though it was a good idea to buy few days back, you were right :P Numeraire (https://coincodex.com/crypto/numeraire/) just got pumped for 90% :)

https://i.gyazo.com/df841221b95e5b31c5bbbfa5ef04bea1.png (https://coincodex.com/crypto/numeraire/)


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: BitScreener on November 29, 2017, 06:42:37 PM
Numeraire price alert on web, working with Chrome, Firefox and Safari.

https://bitscreener.com/coins/numeraire/price_alert


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: HichemFetoui on November 29, 2017, 09:58:04 PM
very low supply is it pos or pow  ??? ???


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: NickCrypto on December 01, 2017, 04:38:59 AM
Great Chart Gallery of Numeraire on BitScreener: https://bitscreener.com/coins/numeraire/chart_gallery
https://i.imgur.com/63VCPpC.png


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Tomohisa on December 01, 2017, 08:14:44 AM
I think it good with the current price, maybe down a bit more because of BTC but still a good coin.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: illnino on December 01, 2017, 06:52:50 PM
I have read something about this altcoin. The Numerai project creates a hedge fund in which network effects and artificial intelligence technologies are designed to fundamentally change the way assets are managed. Suppose their alt will be stable and even has all the chances to go up.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: justgonnalook on December 01, 2017, 10:14:22 PM
If you are a smart, successful, skilled data scientist why would you use your skills here instead of getting hired by a company. On the other hand, if you are a young, inexperienced but smart person you might be able to show your chops here and elevate yourself. Especially folks in developing countries.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: lesnik_utsa on January 21, 2018, 02:28:24 PM
If you are a smart, successful, skilled data scientist why would you use your skills here instead of getting hired by a company. On the other hand, if you are a young, inexperienced but smart person you might be able to show your chops here and elevate yourself. Especially folks in developing countries.
long coin on the bottom is the project not interesting? why so quiet?


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: MrSunshine on January 22, 2018, 12:51:38 AM
If you are a smart, successful, skilled data scientist why would you use your skills here instead of getting hired by a company. On the other hand, if you are a young, inexperienced but smart person you might be able to show your chops here and elevate yourself. Especially folks in developing countries.
long coin on the bottom is the project not interesting? why so quiet?

It is flying under the rador. This is not a hyped coin and will gain value as it proves it's worth.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Lakeluke_again on January 23, 2018, 08:41:07 AM
Any know if there is a telegram group for NMR? or a group which also focuses on NMR?


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: MrSunshine on January 23, 2018, 11:30:14 AM
Any know if there is a telegram group for NMR? or a group which also focuses on NMR?

Not that I know of. There are a couple reddit forums; they are not to active, but more active than here.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: rainbow169 on January 24, 2018, 11:57:45 PM
The best way to follow Numerai project is to join the community here

https://community.numer.ai/channel/announcements

Where all the announcements and discussions are happening. Unlike a lot of Token Telegram groups, the community forum is more for Data Scientists to discuss ideas and staking strategy rather than for discussing general trading news.

The other way is to follow founder Richard Craib's twitter account or Numerai's twitter account, most of the announcements are there.

Numerai is one of the exciting projects that combining blockchain and AI. In the current tournament format, if the AI model does prove successful, Numerai might take on more assets to manage and reward pool might increase as well, in which case the NMR price is expected to increase too.



Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: konigilya on February 12, 2018, 01:07:49 PM
Doesn't seem alive here at bitcointalk. Interesting price increases.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: merc1969 on March 23, 2018, 10:34:06 AM
I stumbled upon this old thread ..and was interested to know if the above posters were still holding on to their NMRs. ( Now that 1 NMR=$14 today )

By the way - Here's an update on the NMR front -
Numer.ai is giving away $1 million in airdrops ( but only for those who have a kaggle account - a data science platform by google.)
i.e 5NMR right away + 1 NMR per week. ( If you are above 'novice' (on kaggle) and have a numer.ai account ) and can put your profile url to that of your numer.ai url.

Link here : https://numer.ai/airdrops

Confession: I still hold considerable amounts of NMR . ( After many ups and downs and value erosion.)


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: MrSunshine on March 23, 2018, 12:33:41 PM
I stumbled upon this old thread ..and was interested to know if the above posters were still holding on to their NMRs. ( Now that 1 NMR=$14 today )

By the way - Here's an update on the NMR front -
Numer.ai is giving away $1 million in airdrops ( but only for those who have a kaggle account - a data science platform by google.)
i.e 5NMR right away + 1 NMR per week. ( If you are above 'novice' (on kaggle) and have a numer.ai account ) and can put your profile url to that of your numer.ai url.

Link here : https://numer.ai/airdrops

Confession: I still hold considerable amounts of NMR . ( After many ups and downs and value erosion.)

No I dumped all my NMR for AGI recently, which appears to have a much better vision that will reward investors in the long term.


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: cointopper on June 05, 2018, 10:48:17 AM
Hello Numeraire believers,

Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies.

It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful interface of Numeraire at: https://cointopper.com/coin/numeraire

Constructive criticisms are always welcome at CoinTopper (https://cointopper.com/).  Thank you!!


Title: Re: [ NMR ] Numeraire - What do you think about?
Post by: Quarkico on August 16, 2018, 04:11:24 AM
They are bunch of analysts who want to make stock trading and basically whole Wallstreet being transparent so that we could all together work out the solution for perfect investment and strategies based on many investors that will from now on do it transparently with all the data being available for scientists and economists to looks at. It's a brave hope but there is no way for it to succeed. Too much of an thought of utopian society of people working together for higher profits and scientific and analytical developments.