Decentralization has sparked more conversation and opinions than we can track. As people become more aware of the cracks in the current financial system, solutions to the ways through and over those existing barriers become more appealing. Richard Craib is the founder of the crowdsourced quant hedge fund, Numerai, which is using sophisticated machine learning to create models that essentially predict how the stock market moves. During this conversation with Tom, Richard is sharing how crypto is breaking the barriers of the old financial system that was meant to protect people, while effectively keeping everyone out. This is another resource that can be really useful in seeing the bitcoin revolution, blockchain and cryptocurrency in another light, especially through the lens of finance.[Original air date: 10-28-21].SHOW NOTES:0:00 | Introduction Richard Craib0:55 | Financial System Barrier7:29 | Blocking Innovation13:07 | Navigating 2 Money Systems18:13 | Crowd Validation & Volume24:42 | Machine Learning Models31:44 | Hedge Funds and Stocks39:08 | What Happened With Gamestop44:26 | Decentralized Capitalism51:12 | Unstoppable Technology1:00:38 | Bank Regulation Traps1:08:01 | Staking Benefit for Internet1:15:46 | Being a Quant Trader1:22:08 | Math Language in Crypto1:31:21 | Thinking from 1st Principles1:34:55 | Entrepreneurship AdviceFollow Richard Craib:Website: https://numer.ai/Fund: https://numerai.fund/LinkedIn: https://www.linkedin.com/in/richardcraib/Twitter: https://twitter.com/richardcraibCHECK OUT OUR SPONSORSNavage: Get a cleaning kit as a FREE gift with your order, but only by going to http://www.navage.com/IMPACT Oracle: Take a free test drive of OCI at http://oracle.com/THEORY Shopify: Sign up for a $1/month trial period at http://www.shopify.com/impact ZBiotics: Head to http://www.zbiotics.com/impact   and use the code IMPACT at checkout for 15% off.Range Rover: Explore the Range Rover Sport at http://www.landroverusa.com/Betterhelp: This episode is sponsored by BetterHelp. Give online therapy a try at https://betterhelp.com/impacttheory and get 10% off your first month.FOLLOW TOM:Instagram: https://www.instagram.com/tombilyeu/Tik Tok: https://www.tiktok.com/@tombilyeu?lang=enTwitter: https://twitter.com/tombilyeuYouTube: https://www.youtube.com/@TomBilyeuWhat's up, everybody? It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you.LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory Learn more about your ad choices. Visit megaphone.fm/adchoices