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.
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.