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Is Algowave a Scam? Up To 80% Accuracy In Real Time Thanks To MIT Technology

Following a successful pilot between Algowave and Endor(EDR)

Which generated cryptocurrency coin predictions at a reported success rate of over 80% by utilizing the Social Physics theory invented in MIT, the companies have decided to enter a 24-month collaboration.

This article or app is not financial advice. The app, for examples, predicts that certain coins in the next 1–2 weeks, will go up or down in volume by 25%. Reportedly, this is one of the abilities shown to have over 80% correct rate. If you’re wondering why the company doesn’t use this information only for themselves: there are likely still other factors at play in creating a well-performing fund. The above data, however, may prove very useful.

Endor’s team is quite impressive: 

https://endor.com/team

It’s headed by MIT prof Alex Pentland, who’s a leader in MIT’s Social Physics research

Prof Pentland’s notable background:

  • Member of the U.S. National Academy of Engineering
  • Leader at the World Economic Forum
  • Director of the MIT Media Lab Entrepreneurship Program
  • Winner of the DARPA Network Challenge
  • A founding member of advisory boards for Google, AT&T, Nissan, and the UN Secretary-General
  • His most recent books are “Social Physics”, and “Honest Signals”

Its advisors include cryptographer Stuart Haber https://www.linkedin.com/in/stuart-haber/

Haber is said to have invented the “first blockchain” in 1995, 13 years before Bitcoin (and was even cited by Satoshi himself):

https://motherboard.vice.com/en_us/article/j5nzx4/what-was-the-first-blockchain

Prof Alexander Liptop, a fellow at MIT, is a partner at Numerai, has headed quantitative departments in Bank of America and Merill Lynch: https://www.linkedin.com/in/alexander-lipton-aa2256bb/. He’s published in Scientific American.

What might Liptop’s market value be, given his background and accomplishments? We’ve heard estimates in millions of dollars in salary alone, nevermind bonuses. What kinds of projects would these kinds of MIT professors and fellows, leaders of industry, be willing to take part in, given their esteemed reputations? Do you think they’d likely put themselves on the line only if they believe in the technology and team, in a project that might be groundbreaking?

Social Physics is reminiscent of Isaac Asimov’s Psycho-History, in “The Foundation Series”. It’s an algorithmic science to predict the future given history, big data, and deep learning, that would make Hari Seldon proud.

The app is available on Android & IOS

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