People Powered Investment - First look at Pynk.io Price Prediction Tool (Beta)
People Powered Investment
First look at Pynk.io Price Prediction Tool (Beta)
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Hunter's comment
Pynk is the world's first People Powered Investment platform. We listen to the Wisdom of our Crowd, overlay Rose (our proprietary A.I.) and combine with our in-house expert analysis to help make short and long term investment decisions that deliver market beating returns.
And because our crowd members earn a share - Pynk is the first investment community that is built by the people, for the people.
With our new Beta you can:
• Earn Pynk Wisdom Points (WPs), as you make daily price predictions on digital and traditional financial assets (Bitcoin, Gold, Nasdaq etc).
• Become a super predictor over time, by sharing technical and fundamental analysis with other Crowd members and through the Pynk e-learning academy
• Earn a share of PYNK security tokens, by earning WPs today you will earn a share of PYNK’s asset backed security tokens
LAUNCH DATE MID - MAY 2019.
PLEASE TELL US WHAT YOU THINK OF OUR BETA PRODUCT?
https://pynk.io
https://twitter.com/pynk_io
https://medium.com/pynk
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Yay @joannewong!! thanks and have a good one!!
Well this is something interesting :)
Prediction market is a huge thing no doubt about that. This can work like a self fulfilling prophecy :) If you gather enough people it can compound. The incentive with the point system is a great thing.
Glad you like the idea @dalzphoto. Not only that, but we're doing this the right way - Pynk people first. We welcome diversity and are fighting financial discrimination.Check us out at our site, Twitter, FB, medium and hope you want to get involved and earn Wisdom Points for your share of Pynk Security tokens. cheers M
Giving incentives and valuing each people, Pynk is innovative. I'm looking forward to the upcoming months and years bwith Pynk.
Great to have you on the journey with us @oxyjh, and welcome your input and co-creation at every stage. Checkout our medium.com/pynk page for more project info btw.
The human brain is by far the best predicter. Because we have so many variables in predicting the future we can't use any model for a good prediction. Even simple chess problems are already very difficult to predict because of the enormous amount of data. So i like the pynks idea of using the brains of all people together. The brain can not tell exactly what a variable will be, but it can very easily tell in what direction the variable will go. I am very curious how the results will be!
Nice point @jacg34. You might like this article for further reading: https://theconversation.com/a-simple-reward-system-could-make-crowds-a-whole-lot-wiser-76763. Not only are we using people's collective brain power with our Ai, but we are in effect using Peoples data to drive a return for Pynksters all over the world. We think that's a better model than the top 1% using People's data to drive a return for the elite only. Also, our proof of concept fund is performing very well, double digit growth in a matter of months - and the bigger the crowd the more our machine learning learns. M
Earn Pynk Wisdom Points is now easier because you can do it from anywhere you are.
Predicting the price of Bitcoin also requires luck, some knowledge and that knowledge you acquire in the Pynk community.
It is wonderful.
thanks @cryptosaldia. And just to point out you still earn WPs even if you are not accurate with your predictions
I loved meeting the platform and you give us opportunities to win cryptids by making "divinations", and that's the maximum!
This is a nice project as people will get rewarded for prediction. Even now there are people who predict but they dont know about this project so by introducing this project to them will be a good thing for pynk as well for those who like or do predict #priceprediction
Pynk is a powerful platform to make wise and smarter business investment. A three combo analytic system
crowd + experts + AI to make smarter investment decision.
Power Power Investment this is wonderful initiative.
I like the idea of collaboration and working together so that everyone profits. One thing I worry about is group think and self-fulfilling prophecies, people just jumping on the bandwagon and swaying momentum based on rumors rather than fundamentals.
Overall this looks like a great idea though
Hi @jasonshick - great comment. As you may have seen from our site at https://pynk.io we use Wisdom of Crowds methodology (WoC). For this to work we need predictions made on an independent basis, otherwise the data suffers from heard mentality and skews the results. If haven't heard of WoC before - see my answer on Quora here: https://www.quora.com/What-is-the-wisdom-of-the-crowd. We're using WoC + our machine learning to drive market beating returns for our crowd. Hope you get involved with Pynk cheers M
Involving a large number of people to make predictions is a great idea. However it would be useful to ensure that everyone has a little knowledge about bitcoin and finance in general or at least ensure that they follow some trainings to avoid people benefiting from the system and predicting number that have no sense at all.
thanks for comment @julferret. We couldn't agree more, that's why with the launch of our beta mid-May we are including e-learning content, educating our Pynksters how to make price predictions. And the beta is heavily gamified with stats and figures helping Pynksters to understand how well they are doing, we are helping our crowd become better investors. In the longer term, financial education is a central tenet of what we are doing. Check out our site at https://pynk.io and blog at https://medium.com/pynk for more info. We're building financial inclusion for everyone cheers