Today we’re introducing the Yuma Total Market Fund. One allocation to access $TAO and the full Bittensor subnet ecosystem.
AI exposure is expanding beyond public equities and venture.
@heynavtoor A paper showing that a 125M-pm model from 2022, retrained on its own output while the real data gets deleted each round, degrades — cited as proof that ChatGPT is getting dumber. The same paper shows that keeping just 10% of the real data reduces this to “minor degradation.”
Hey everyone, big news for all you YouTube lovers out there! On Subnet 11 Transcription 🚀
Guess what? They just rolled out something super cool in an app that's gonna change the way you hang out with YouTube videos. It's all thanks to this tech SN 11 has been working on called the transcription subnet. Now, this isn't just about watching videos; it's like having a chat with them. Sounds wild, right? ✨️
Here's the scoop: Ever found yourself watching a tutorial, a podcast, or just your go-to vlogger and wished you could dig a bit deeper into what they're saying? Maybe even ask them questions? Well, now you can. This app's got you covered, making your video watching sessions a two-way street. You're not just sitting there anymore; you're part of the convo.😎
And here's something to get even more excited about: they are not stopping there. Teaming up with https://t.co/T8I54sf74I to take this whole experience up a notch. After putting this feature through the wringer to make sure it's lightning-fast and speaks your language (literally, they're making sure it understands multiple languages, all of them), the plan to integrate it into https://t.co/T8I54sf74I 👀. This means you'll get to enjoy this interactive experience with pretty much any audio or video on Corcel, taking your content exploration to a whole new level.🌎
Curious to see this in action? Keep an eye on: https://t.co/zkmCzXq3PT and dive into our thoughts behind it all at: https://t.co/C6i1eu6sxf
Big shoutout to the SN 11 Dev team for making this magic happen. 👏
As someone who's all about sharing the latest and greatest on Bittensor, I'm excited over this update. We're stepping into some seriously cool territory with Bittensor subnets, and I can't wait to see where this takes us. It's a game-changer, folks! 🥳
Stay tuned, cause we're just getting started $TAO
I usually don't like to give targets but here's some perspective on the market cap potential for $TAO, this cycle.
Let's compare last cycle performances of a few layer 1s, which had almost 0 users, no moat and was a crypto specific narrative.
https://t.co/rDLQDaleIe
🧵
Elon Musk on AI: “We should be concerned about AI being anti human. It’s like letting a genie out of a bottle promising to make wishes come true. But usually those wishes don’t end very well.”
I’d rather trust decentralization over corporate and government.
#Bittensor#AI
$TAO is currently at $450m MCAP so here’s a 🧵 of prominent TOP 50 Crypto Marketcaps to provide a comparison.
#50 @ $850m - $Algo(1.88x TAO): Algorand a POS L1- Personally never used it, nor know anyone to have used it.
#48 @ $903m - $RNDR: (2x TAO)
Render is a GPU distributed network for artist built ontop of ETH. @const_reborn hinted at creating a Render style Subnet which would make this project essentially obsolete aside from ppl who love paying $100 eth gas fees.
#39 @ $1.26b - $QNT(2.8x TAO): Developers of Overleger Network, Quanters believe that governments/Central Banks are going to buy into their already existing product to build CBDC’s and enslave the world, instead of just developing their own systems (like the one Fidelity and Blackrock just built to exchange tokenized assets.) and force blockchains to integrate with them.
If the pivot to being auditing chain wasn’t indicator enough that this just a pipsream, if banks do buy they’re first going to collude to tank your price and then they’ll buy OTC, so good luck.
#37 @ $1.36b $MKR(3x TAO): creators of $DAI stable coin owning this shitcoin gives you governance over the MakerDAO. I now present you with the description on CMC:
“MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.”
Basically MakerDAO governs DAI collateral, Not necessarily owning it because it’s collateral for DAI. So from the description holding this Shitcoin is equivalent of voting in America… amazingly useless tech!
#33 @ $1.77b $FIL(3.93x TAO):
Fielcoin aims to be cryptos decentralized storage system, however subnet 7 on $TAO can potentially replace it and suck away that liquidity. Why own a single utility token when you have the black hole of AI that can do the same?!
#27 @ $2.45b $UNI(5.44x TAO):
UNISWAP, everyone’s favorite Degen casino that is going KYC with v4. Once they implement v4, expect most regulatory compliant tokens to be forced to move their liquidity over… the days of anonymity are slowly coming to an end on UNI.
#26 @ $2.96b $OKB(6.57x TAO): Token from the crypto exchange OKX, this token gives discounts on trading fee’s and pays dividend for holding token. OKX lists tokens such as $TAO after they reach a minimum daily volume over the course of a week. Not a lot of available liquidity for $TAO as 81% of supply is staked, so with the current volume, $TAO price must go up to list :)
#19 @ 4.65b $SHIB(10.3x TAO):
SHIBa INU was the second largest meme coin providing no utilities until its creator Ryoshi decide it was to be an ecosystem which currently has failed still has no utility.
Devs are soo inept that they cannot get anything to work properly and make many rookie mistakes like adding the wrong amount of liquidity to their latest listing $Cal(Calcium) which ended up being abandoned by the Ryoshi/his devs and given to the community. Calcium is the meme of Shibariums Failure.
Before we continue the thread onto the TOP 15 marketcap Cryptocurrency’s in the next comment, how Bullish🐂 or bearish🧸are you on @Bittensor_’s current and future utility compared to the tokens shared so far ? 🧐
🧵 Continues 👇
Something incredible and unexpected happened today and it cannot pass by without a response.
The delegation to Taostats/BitAPAI went up more than significantly as this new chart (just pushed to the explorer for account/validators) shows.
First of all, a huge humbling thank you to everyone for their support no matter how large or small. The success of what we are doing is bigger than any single person inside or outside of my organisation, stretching all through the Bittensor eco-system. Too many names to even start a roll call, but i feel you all know who you are and what you do.
If was not been easy the last few months in terms of balancing budgets as costs and complexity increase but todays change in both delegation and the direction of $TAO pushes us all forward with wind in our sails.
So what have we been up to whilst keeping fairly quiet on the socials...
Taostats
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We continue to expand the explorer and have been working hard with the base architecture to ensure stability and accuracy. Nakamoto data is now available as an RPC endpoint and will first of all have its own explorer, and then once we are happy, will be merged with the main explorer.
We will likely have to do the same with Kusangi data, eventually giving us an explorer going back to genesis.
Charts and graphs are being added all the time but I will save the list for the roadmap update I will put out soon.
Subnets and the Revolution upgrade was huge for us. It mean't a complete rewrite of a lot of inefficient code that was designed for Nakamoto (sn3) days, was fine with a couple of subnets, but was using too much time to update each new subnet. So we rewrote it, tidied things up, and this process is still ongoing as we aim to make things as future proof as we can.
Subnets also allowed us to take a dive into mining and truly feel what it is like to be a miner, the metrics required and how a miner might use taostats, so there will be more mining orientated changes coming very soon.
We also now blur the lines between taostats and the explorer, only visible by the sub-domain, as we lean on the architecture best suited to displaying data efficiently.
There is still so much more to come from taostats, we have not even started integrating the actual data layer visualisations and value metrics yet.
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BitAPAI
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Although it may seem like a quiet month for BitAPAI, it has been the very opposite. We began with finishing up some intense stress testing, firing just under 1m queries /day at subnet 1 to "see what would happen". We learnt a lot, had to make some changes to our processes, mostly focussed around logging and administration frontends that we use to manage network access - out of the public eye but critical to ensuring the safety and stability of the network.
At the same time we knew what was coming with Subnet 5. We are big believers in the power of the mage subnet and what that means on a number of fronts, so it was crucial to be present and work with @CreativeBuilds to make sure it thrives. Launching a subnet is no simple task, so huge respect to him and others taking it on.
That said, although it took a little while for us to be happy, we now have imaging supported on BitAPAI. Yes, your existing API keys can now query an image endpoint making them one of (if not) the first true multi-modal API key in the industry.
We have not updated the BitAPAI docs to show this yet, but will be this week and will let you know, but contact me if you would like assistance or code examples for guidance (or be patient).
To support this, we have released https://t.co/g4SDXCRnUU which is our fully functioning AI Image Generation app, forked from the awesome StableStudio software (the open source arm of DreamStudio). We still have loads of functionality to add to it (or more accurately, to unhide) but we wanted to make sure the core features worked well and the subnet miners responded well before building out features.
Of course the first multi modal apps will be coming, but we would love nothing more than to be beaten to it by developers using our platform, as we must also concentrate on adding in support for all other subnets. Yes your keys will be able to access storage, compute, training, predictions and more.
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This might be one of the longest thank you tweets ever, but I didn't want anyone to think we taken our delegations and responsibilities lightly or without gratitude.
I will be in Lisbon next weekend to speak on behalf of Bittensor at the Urbit Assembly on a panel dedicated to The Future of Sovereign AI on Saturday, and a solo tech talk on Bittensor on Sunday if anyone would like to drop by it would be a pleasure to meet you and chat.
Now I think we have reached the limit of this tweet as the Kizuna Spaces on twitter I will be on starts in 15 mins, followed by Teacher Tuesday on the main Bittensor discord.
Thank you, Muchas Gracias, Obrigado.
'Artificial Intelligence is going to become a common platform.' - @ylecun@opentensor created Bittensor, a mining network that offers censorship-resistant access to a decentralized network of machine learning models.
By leveraging digital incentives and rewarding participants directly for their contributions of:
▪️ Computational resources
▪️ Expertise
▪️ Innovation
'Through the lens of Bittensor, we see not just the heart of AI beating but a world pulsating with the rhythm of shared dreams and collective endeavor.
$TAO is the fuel for the journey, the key to a collaborative, user-friendly digital future.
As we stand at the threshold of this exciting new frontier, $TAO warmly extends a hand of friendship, inviting us to step into the known and unknown world of AI together.' - @bittingthembits
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Join the bittensor revolution and start building on the network.
https://t.co/fH5KSf16uu
#bittensor #bitcoin $btc #DeAI #DeML #ai