Developer of the Phi algorithm that runs BE forecasts. He describes himself as an entrepreneur with a passion for understanding complex systems. Principal of Kenton-Dau LLC since 2011 providing commodity forecasting services to industry. Before this he was CEO of the predictive analytics firm VortexDNA. In 2000 he founded one of the leading environmental reporting companies in the UK which was recently sold to S&P Indices. Prior to this his UK based consultancy firm, Human Technology LLC, provided change management solutions to clients including IBM, Nestlé and Xerox.
Nathan Berg is Associate Professor of economics at University of Otago and Conjoint Professor at University of Newcastle. Berg publishes in the fields of behavioral economics, financial economics, psychology and economics, and public policy, appearing in Journal of Economic Behavior and Organization, Psychological Review, Social Choice and Welfare and Contemporary Economic Policy. Berg was a Fulbright Scholar in 2003 and Visiting Research Scientist at the Max Planck Institute-Berlin in the 2000s. He was a Visiting Foreign Scholar at University of Osaka in 2008 and 2009, and University of Tokyo in 2016 and 2018. His research has been cited in Financial Times, Business Week, Canada’s National Post, The Village Voice, The Advocate, Science News, Slate and the Atlantic Monthly. He was awarded a Ph.D. (with honors) in economics and MA (with honors) in mathematics from University of Kansas in 2001.
With the Phi algorithm we could have started a traditional hedge fund buying and selling assets and taking a fee from the returns. We choose not to do this because it would expose our clients to the risks of the fiat financial system – a system we believe is not looking too healthy.
We would have needed to interact with brokers and financial institutions. We would have needed to buy Bitcoin futures, a financial derivative. We and our clients would have been heavily regulated – regulations that we have seen can rapidly change, not always in the best interests of investors. The same regulations would have prevented many people from participating in the returns generated by the token.
Instead we decided to take a road less travelled to see if investors like you can trade a token at a Target Price.
Tether, the crypto-currency that is pegged to the US dollar has already demonstrated that belief-based assets can track a specified price.
Every day the more than $80 trillion dollars of broad money (Including coins, banknotes, money market accounts, saving, checking and term deposits) circulates the world – each cent of value existing only because people believe it does.
Are the current risks of the fiat financial system the wake-up call we need to realise that we, as people, create our world from what we believe? We, like you, want to discover what we are truly capable of.