An Unstoppable Predictions Marketplace — Introducing Erasure

Richard Craib
Oct 4, 2018 · 13 min read
Fred Ehrsam, co-founder of Coinbase and Richard Craib, founder of Numerai introduce Erasure.

Information Is Trapped

Imagine you have done research on Apple’s hardware manufacturing. After investigating for some time, you know that iPhone sales in China will exceed all expectations, and you think that Apple is about to skyrocket. But today, the best thing you can do with this information is to buy Apple stock.

Asymmetric Information And Market Collapse

You’re a hedge fund manager. You get an email that says, “over the last two years I have predicted Google’s daily stock price with 70% accuracy, and I’m willing to sell you my next prediction for $10,000”. You calculate that this next prediction, if its right, can make your fund an expected $1 million in one month. Do you buy the prediction?

The Erasure Protocol

Numerai and Erasure

Erasure uses no speculative technology; it is something that can work today. In fact, Numerai has been using a special case of the Erasure protocol for over a year.

Predictions uploaded to Numerai vs Erasure: both are just csv’s backed by cryptocurrency stakes.
NMR, already the number one staking token on Ethereum

Right now, NMR is the token for Numerai. With Erasure, NMR becomes the token for the entire hedge fund industry.


For NMR holders, Erasure is a whole new use case for NMR in a bigger, braver, decentralized future. For the hedge fund industry, Erasure is an unstoppable decentralized data marketplace to buy high quality, trustable new data feeds.

Join Us

We are looking for people who understand that the highest leverage way to make a difference in the world is to work on the invisible things — the systems behind the system. We have some open job positions for people who see that finance is the system behind it all, and that rebooting finance will have a huge impact on every other industry as well. If you’re interested in helping to build Erasure email


A new kind of hedge fund built by a network of data scientists.

Thanks to Natasha-Jade, Ben Brimacombe, and Anson Chu.

Richard Craib

Written by

Founder of Numerai



A new kind of hedge fund built by a network of data scientists.