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Will a super-brain built by humans surpass the potential of artificial intelligence and why it’s more important than Jackson Hole?
Supply has returned to the cryptocurrency market, with investors focusing their attention on Federal Reserve chairman, Jerome Powell's remarks at a forum in Jackson Hole on Friday, August 26. Magellan fund manager, billionaire Peter Lynch was right when he said that macroeconomic circumstances are impossible to predict just like the Fed's rate hikes, which Alan Greenspan himself had trouble predicting. If Greenspan had a problem with it why do investors still listen to the forecasts of economists who bet among themselves on what the Fed will do? If monetary policy in the medium and short term is unpredictable one should not base investment decisions on it.
What is swarm intelligence?
The CryptoSwarm project is the first Unanimous AI attempt to implement the possibilities offered by swarm intelligence in the analysis of cryptocurrency price fluctuations. Is it a new way of analyzing the cryptocurrency market emerging before our eyes?
The concept of swarm intelligence takes its origin from nature and the animal world. It is used, among others, by bees, which have to come to a consensus when looking for the optimal place to make a nest. Meanwhile, humanity seems to have forgotten the power and potential of human minds, blindly seeing potential only in artificial intelligence, algorithmization and machine learning. Fascinatingly, scientific and statistical research confirms the probability advantage gained by participants in 'swarms' in prediction markets, financial markets, betting markets or... predicted future price of cryptocurrencies:
Clients of Unanimous AI include financial companies like Deloitte, sports teams like the Miami Heat, the US Department of Defense, USAF, US Navy and Boeing. As a project developers we will create NFT tokens that will entitle holders to take part in cyclical swarms, receive complete market reports on the predicted behavior of the cryptocurrency market, and enable them to generate profits if the participating analyst's predictions prove more accurate than the other participants in the survey.
Participants in Unanimous AI-organized swarms have managed, among other things, to predict this year's Oscars with 90% success rate, beating the results of top movie analysts. In the past, the Unanimous has regularly been involved in various events that require predicting the future. Unanimous has predicted, among other things, the rising role of Donald Trump, the US presidential election and many other events, about which you can find plenty of material on the internet f.e. here:
Founded in 2014 by visionary, inventor, VR pioneer and Stanford University professor Louis Rosenberg, the US-based Unanimous AI company is creating the Swarm AI platform, which allows groups of experts to virtually connect and study their predictions of the future during a real-time survey to which they respond. Rosenberg’s biography and achievements can inspire fascination and awe in all fans of new technologies. Rosenberg himself has also become famous for his literary works, creating such works as 'Upgrade', 'Arrival Mind'. Louis Rosenberg has more than 300 patents granted in the US, and in the 1990s he founded the haptics and VR technology-focused Immersion Corp, which debuted on NASDAQ in 1999 and still is there. But great boom for the 3D and VR shifted when internet entered the markets during dot-com bubble. Then, VR technology needed approximately 15 years to come back strongly when Facebook (now Meta Platforms) acquired Oculus. Now VR boom is coming with Metaverse and maybe with … Swarm technology also.
How does it work?
Working together to answer a question, analysts create a decentralized superintelligence that aggregates all the knowledge of all the group's participants. Thanks to artificial intelligence, the platform enables deep analysis of the behavior of participants in a real-time 'swarm' that results in reaching a group consensus. The chosen consensus usually turns out to be the correct answer to the question. Swarm may have the potential to democratize decision-making among societies and decentralized DAOs. Unanimous AI CEO, Louis Rosenberg is a regular contributor to Twitter, where he addresses abstract topics related to the Metaverse and changes resulting from humanity's dangerously rapid technological development. You can also entered our YouTube channel here:
Why might it work?
What is a market if not a reflection of investors' state of mind and perception of the price prospects of particular assets? Following this, prices are in essence what people perceive an asset to be, what they accept and what changes as perceptions of a particular group of actives or product change. Following this, the creation of an analytical platform in which dozens or hundreds of analysts make real-time responses while observing the movements of the other participants in the study seems to make significant sense in the context of forecasting future price behavior and fluctuations. In the end prices are like mirror of investors fear, greed, expectations and imaginations. The Swarm AI technology has been evidenced by academic papers available online, including "Human Swarming" Amplifies Accuracy and ROI when Forecasting Financial Markets" by Luis Rosenberg, Hans Schumann, Greg Wilcox and Nicolo Pescetelli
In the flow of daily information noise, it's hard to focus on what's really important, and in the bigger picture, the daily changes in Bitcoin's price lose their meaning, also the Fed and even geopolitics. The above article is not a form of investment recommendation or promotion of the CryptoSwarm AI project, it is only intended to draw attention to a fascinating technology and the creators of a platform that helps connect people into a 'super brain' which can be described as the ‘hive mind’.
Sci-Fi experiences in next decade?
The experiences that virtual and augmented reality may soon offer are entering the realm of Sci-Fi, and the material prepared by Louis Rosenberg always stands out from the general, wide press. The dangers posed by artificial intelligence, transhumanism and the pitfalls of the dystopian reality 'Metaverse' described in Neal Stephenson's work ‘Snow crash’. Rosenberg’s articles are must-read for fans of abstract thinking. Sci-Fi future has never been so close to us.