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Showing posts with label MNR. Show all posts
Showing posts with label MNR. Show all posts

June 30, 2017

MNR (revise)

So no one has been able to answer about NMR, what gives the tokens value? All I get are circular answer 'they have value because they have value'. Why are people afraid to just admit it makes no sense?
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>>2663774 (OP)
why is applesauce called applesauce if it's not a sauce?
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>>2663774 (OP)
>https://numer.ai/whitepaper.pdf
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read the white paper tard
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>>2663774 (OP)

it some meme gambling shit for "data scientist" only
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>>2663813
>>2663855
doesn't answer it. the coupons are worthless if they aren't tied to the success of the fund.
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This shit is going to be dumped ?
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>>2663917
lol what chart are you looking at
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The only one there is , you dumbass.
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>>2663917
Or hedged every time BTC falls.

>>2663774 (OP)
>Scientist writes AI algorithm for Numerai Hedge Fund
>In order to use algorithm for Numerai hedge fund he must possess Numeraire token. 
>If AI algorithm is success he is payed (currently) in BTC and NMR. (Soon to be mostly NMR and ETH in September)
>Token is deflationary and becomes more scarce with each failed algorithm as it is destroyed when they use it to test their algorithm. 
>The value comes because as the hedge fund is successful (which they appear to be) it drives the price of the desirability of the token for the scientists to own. 

I dunno that's what I got from reading the white paper and watching some youtube videos. I'm probably off on some points. Basically if you make a thing that predicts the markets then you are rewarded with more tokens if your prediction was a success so you can write more algorithms to make more money.

So yeah pretty fucking circular. Scientists got a fucking boat load of this stuff prelaunch...if they were wise they just cashed out and said- fuck it cool free money.
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it is a very unorthodox coin, give it time to test market changes. Being tied to both BTC and ETH is a trader's luxury, its value has potential to grow if coins are destroyed.
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Bought in at 185
Stop dipping
Reeeeeeeeeeeeeeeeeeee
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>>2664533
Wil take some days to moon imho
Everyone is on the ans train again. Once that crashes they will go for the nmr train