@intotheblock created such AI based prediction tool few years back I guess. It has provided accurate predictions for long time
Trent McConaghy:
The @intotheblock "Price Predictions" tool is pretty neat. The GUI is beautiful. And, deep learning FTW 💪
You can view Predictoor as a "next-gen" version of that tool, a decentralized version that crowd-sources predictions (vs coming from one centralized place).
Crowd-sourcing with accuracy incentives has potential to do much better than any centralized approach. It doesn't rely on the ideas of a single team; instead it makes the opportunity to predict open to anyone in the world. A perpetual data-science competition. The incentives mean that only the best will stick around. This will get reflected in the prediction feeds' accuracies. That's the theory; whether this will be true in practice remains to be seen:)
And of course being decentralized means one doesn't need to rely on a centralized actor running centralized services. Useful for anyone coming to rely on prediction feeds.
Predictoor's ambition is broader as well - to extend beyond crypto into energy, weather, agriculture and more. It's easier to expand scope of decentralized feeds, because you don't need to spin up a new team to focus on each new vertical. One step at a time though!
On twitter:
hitesh.eth:
@intotheblock created such AI based prediction tool few years back I guess. It has provided accurate predictions for long time
Trent McConaghy:
The @intotheblock "Price Predictions" tool is pretty neat. The GUI is beautiful. And, deep learning FTW 💪
You can view Predictoor as a "next-gen" version of that tool, a decentralized version that crowd-sources predictions (vs coming from one centralized place).
Crowd-sourcing with accuracy incentives has potential to do much better than any centralized approach. It doesn't rely on the ideas of a single team; instead it makes the opportunity to predict open to anyone in the world. A perpetual data-science competition. The incentives mean that only the best will stick around. This will get reflected in the prediction feeds' accuracies. That's the theory; whether this will be true in practice remains to be seen:)
And of course being decentralized means one doesn't need to rely on a centralized actor running centralized services. Useful for anyone coming to rely on prediction feeds.
Predictoor's ambition is broader as well - to extend beyond crypto into energy, weather, agriculture and more. It's easier to expand scope of decentralized feeds, because you don't need to spin up a new team to focus on each new vertical. One step at a time though!