-
Why were prediction markets destined to fail?
AlphaBots is any SSR process that is open to validation on the AlphaBlock. The process can be alpha agents like prediction markets or data scientists, or simply machines open to competing on the AlphaBlock. Competition is important for the accountability of an SSR process. Without the validation accountability any alpha process is simply a subjective…
-
Some Thoughts on Blockchain-based ML Marketplaces…
Fred Ehrsam, I would frame the problem differently. The need is not just for creating most powerful artificial intelligences, it is about redesigning the marketplace that can nurture such an ecosystem. The marketplace cannot be taken for granted. A poorly designed marketplace means poor AI, even if we assume that the state of AI today…
-
AI-Fintech-Blockchain
While the world seems to have a solution for every problem, an app for everything, one simple problem about Bubbles and Crisis bother no one. How to make bubbles less bubbly and crisis less severe. We are so busy counting our crypto wealth, it does not bother us whether the wealth is here tomorrow and…
-
Why Indexing Fails
The recent paper “Why Indexing works” [1] gives a probabilistic explanation of the futility of the Active process and why Passive Indexing is hard to beat. For every 1000 people who read the Wall Street Journal, maybe 10 read the Bloomberg Markets (BM) magazine and for every 10 who read the last month’s issue of…
-
AI’s Jumping Cat Problem
AI is excited about jumping cats, How come AI can not solve the US 100 trillion investment management which can not beat the benchmark? The answers I got. The cat is important not the benchmark. AI needs to take small steps. Solving Cancer more important than beating the benchmark. Driverless cars more important focus. We…
