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
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Follow Richard Craib:
Website: https://numer.ai/
Fund: https://numerai.fund/
LinkedIn: https://www.linkedin.com/in/richardcraib/
Twitter: https://twitter.com/richardcraib
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