Numeraire - where did this come from?

YoBit

legendary

Activity: 1007

Merit: 1010

★YoBit.Net★

Numeraire [NMR] is listed: https://yobit.net/en/trade/NMR/BTC
Numeraire Dice: https://yobit.net/en/dice/NMR

Code:

[url=https://yobit.net/en/trade/NMR/BTC][img]https://yobit.net/imginfo/NMR[/img][/url]

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NMR-ETH Trade: https://yobit.net/en/trade/NMR/ETH
NMR-DOGE Trade: https://yobit.net/en/trade/NMR/DOGE
NMR-WAVES Trade: https://yobit.net/en/trade/NMR/WAVES
NMR-USD Trade: https://yobit.net/en/trade/NMR/USD
NMR-RUR Trade: https://yobit.net/en/trade/NMR/RUR

Donate NMR coins to our Giveaway: https://yobit.net/en/freecoins/

Moxleytgf

newbie

Activity: 27

Merit: 0

I don't really know what to say here... It hit Bittrex yesterday, plummeted from it's .5btc release, stabilized at ~$20 and is now trading for $50. The only thing keeping the price in check are 100+Btc walls, which are getting knocked down in short order and the price quickly hits the next wall. This is nuts...
FOMO got me... I bought some, then immediately regretted it and sold half. Went back to find them twice the price, and bought more. I feel less regret at this point.

SwedishGirl

sr. member

Activity: 392

Merit: 250

Looking for shmexy coins!

Is there an official thread for this project? I was looking at the chart today and though it finally looks good but not sure where I can find updates.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: clardalan on July 08, 2017, 05:05:45 PM

i just totally hate nmr...

lost 80% on my purchase price so far. what a stupid coin (and stupid me for not researching enough)

still looking to understand the burn rate weekly, anyone know that?

This is the price we pay for investing in altcoins, sometimes you win sometimes you lose, it seem you made a very basic mistake buying in the peak of a bubble, if you have not invested in the coin before the bubble then forget about it, you are going to lose money.

clardalan

member

Activity: 126

Merit: 10

Bitcoin amateur learning by doing

i just totally hate nmr...

lost 80% on my purchase price so far. what a stupid coin (and stupid me for not researching enough)

still looking to understand the burn rate weekly, anyone know that?

Fantum

sr. member

Activity: 420

Merit: 250

I think with even a low supply of just over 2 million coins the price is too high for numeraire. This pump is all hype, and a cool sounding name. Like all these icos, people think it's so cool and new, but there are already projects/coins that do almost the exact same thing but have been developing for a year. These un hyped are the ones that will come out on top, not some green ico that only has a lot of money and no product. Numeraire might be useful, and worth something, but I think it's 10 times too much right now.

matale0

member

Activity: 149

Merit: 10

Quote from: CMCET on June 28, 2017, 04:24:17 PM

It currently is the third highest volume on bittrex (after Antshare and Ethereum). It's also listed (#31) higher for "24hr Volume Ranking" on CoinMarketCap than Iconomi (#33), Augur (#35), ION (#37), STEEM (#40) and other well known altcoins yet i never heard a single word about Numeraire on any forum, telegram group chat or any crypto news website. I NEED THE KNOW WHERE THIS CAME FROM!!

1st. https://i.imgur.com/6GEuO10.png

RandomEvent

full member

Activity: 146

Merit: 100

If you really like it, let it settle down over the next couple of weeks and acquire. There are other coins really being used, but not to the level necessary to continue the rise.

JeffBrad12

hero member

Activity: 3010

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: clardalan on June 25, 2017, 12:08:21 PM

I see this all of a sudden on Bittrex and coinmarketcap.

What is this? Legit? Website and storyline is decent. Not sure how this will work out (scam or true?). Anyone familiar with this?

I don't think if that's a legit coin, But the pump makes the coin looks pretty odd in my mind. Already touched ATH and it comes to the ground again. You can see the latest price of the coin and there is not something different with the general price before it gets pumped so hard. I can say if that's another pump and dump coin. it gets reflected by the result of the pump. There is no stability of price in there.

tokenZ

member

Activity: 167

Merit: 10

"BTW eth is being only used for investing in crowdsales."

Not that simple.

anahata

sr. member

Activity: 523

Merit: 300

Quote from: clardalan on June 25, 2017, 12:08:21 PM

I see this all of a sudden on Bittrex and coinmarketcap.

What is this? Legit? Website and storyline is decent. Not sure how this will work out (scam or true?). Anyone familiar with this?

Apparently it's the only coin after Ethereum which is being used in real world. BTW eth is being only used for investing in crowdsales. Check their website to learn more on how to collaborate.

clardalan

member

Activity: 126

Merit: 10

Bitcoin amateur learning by doing

interesting.

so, back to the economics model:

What drives the price of this coin? (except market speculation of course)

I want to understand if it is burnt, if so at what rate.
also if it is mined, at what rate?

satoshforever

member

Activity: 84

Merit: 10

Quote from: Alttrader203 on June 29, 2017, 04:43:54 AM

Quote from: satoshforever on June 28, 2017, 08:44:23 PM

Definitely not a scam. Numer.ai is a venture backed company which has been operating for a while. Like ttook said, it's a hedge fund based on community data scientists.

So, who are these scientists? Whats the economic midel to make this coin worth more. It is clear they are staking this for rewards. It is not clear to me how that will help the price of the coin, as they can also distribute more coins over time.

Because the coin does not mean stakes in the hedge fund.

At first they paid the 12,000 data scientists with Bitcoin, which in their case was sued to pay them with a cash-equivalent which is anonymous and online. They found that they’re incentivizing people not to collaborate so they created their own currency which appreciates as the community succeeds.

See:
https://medium.com/numerai/a-new-cryptocurrency-for-coordinating-artificial-intelligence-on-numerai-9251a131419a

pynetx

sr. member

Activity: 798

Merit: 262

numerai has been around from some time. They just did not make ANN thread.

ePesoInitiative

sr. member

Activity: 924

Merit: 260

It just didn't make its presence known in this forum. Huh

paulx3

newbie

Activity: 3

Merit: 0

Numerai has been around for about a year. It's backed by some big names including Naval Ravikant https://www.google.com.au/amp/s/techcrunch.com/2016/12/12/numer-ai-is-a-crowdsourced-hedge-fund-for-machine-learning-experts/amp/

It's an AI based hedge fund whereby quants can generate models to trade on Numer.ai's fund, and be rewarded with NMR tokens. I think that they started rewarding via Bitcoin but probably realised quickly that using their own crypto token was better for them (as they can generate their own, rather than having to provide BTC)

Alttrader203

newbie

Activity: 70

Merit: 0

Quote from: satoshforever on June 28, 2017, 08:44:23 PM

Definitely not a scam. Numer.ai is a venture backed company which has been operating for a while. Like ttook said, it's a hedge fund based on community data scientists.

So, who are these scientists? Whats the economic midel to make this coin worth more. It is clear they are staking this for rewards. It is not clear to me how that will help the price of the coin, as they can also distribute more coins over time.

Because the coin does not mean stakes in the hedge fund.

satoshforever

member

Activity: 84

Merit: 10

Definitely not a scam. Numer.ai is a venture backed company which has been operating for a while. Like ttook said, it's a hedge fund based on community data scientists.

ttookk

hero member

Activity: 994

Merit: 513

Quote from: CMCET on June 28, 2017, 04:24:17 PM

It currently is the third highest volume on bittrex (after Antshare and Ethereum). It's also listed (#31) higher for "24hr Volume Ranking" on CoinMarketCap than Iconomi (#33), Augur (#35), ION (#37), STEEM (#40) and other well known altcoins yet i never heard a single word about Numeraire on any forum, telegram group chat or any crypto news website. I NEED THE KNOW WHERE THIS CAME FROM!!

You could just use the links on coinmarketcap. It leads to this:

https://numer.ai/

https://forum.numer.ai/

I think most of what you want to know is in there. From what I gathered, without actually looking too closely, it's trying to develop an AI that reads market data to suggest future market movements. To do so, they are holding competitions, in which people can suggest future market performance based on "anonymized" sets numbers. As a reward, those who performed better than average, earn numeraire tokens. I guess in the future, those tokens are supposed to be used as shares in the developed "AI hedgefund". Anyone with more insight?

CMCET

newbie

Activity: 24

Merit: 0

It currently is the third highest volume on bittrex (after Antshare and Ethereum). It's also listed (#31) higher for "24hr Volume Ranking" on CoinMarketCap than Iconomi (#33), Augur (#35), ION (#37), STEEM (#40) and other well known altcoins yet i never heard a single word about Numeraire on any forum, telegram group chat or any crypto news website. I NEED THE KNOW WHERE THIS CAME FROM!!

Topic: Numeraire - where did this come from? (Read 3889 times)