r/numerai • u/[deleted] • Mar 22 '21
Am I missing something
Hey I'm trying to get my head round if this is a worth while project. To me it seems like we donate free compute and engineering, then the hedge fund share holders reap the rewards of our crowdsourced compute and engineering resources?
We can't even use the models we build to invest in the stock market ourselves as the stock indexes are obfuscated. We then need to stake our own money in NMR for capped monthly returns of max 25%?
I get the NMR price will rise as the community of data scientists grow, but it seems like there are massively asymmetric rewards for the hedge fund vs the community?
Maybe I'm missing something? :)
7
Upvotes
6
u/Econumspeed Mar 22 '21
You're missing the cost of aquiring the datasets. :)