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. SHOW NOTES: 0:00 | Introduction Richard Craib 0:55 | Financial System Barrier 7:29 | Blocking Innovation 13:07 | Navigating 2 Money Systems 18:13 | Crowd Validation & Volume 24:42 | Machine Learning Models 31:44 | Hedge Funds and Stocks 39:08 | What Happened With Gamestop 44:26 | Decentralized Capitalism 51:12 | Unstoppable Technology 1:00:38 | Bank Regulation Traps 1:08:01 | Staking Benefit for Internet 1:15:46 | Being a Quant Trader 1:22:08 | Math Language in Crypto 1:31:21 | Thinking from 1st Principles 1:34:55 | Entrepreneurship Advice Check out our sponsors: Better Help: Get 10% off your first month at https://betterhelp.com/impacttheory SmileBrilliant: Go to smilebrilliant.com and use coupon code IMPACT LMNT: Go to drinkLMNT.com/Impact to try their brand NEW flavor - Watermelon Salt. Thryve: Get 50% off your at-home gut health test at trythryve.com/impact Athletic Greens: Go to athleticgreens.com/impact and receive a FREE 1 year supply of Vitamin D AND 5 free travel packs with your first purchase! Follow Richard Craib: Website: https://numer.ai/ Fund: https://numerai.fund/ LinkedIn: https://www.linkedin.com/in/richardcraib/ Twitter: https://twitter.com/richardcraib Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.  This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes  Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices