The number of wallets holding SN21 Alpha has grown 8% in the last 7 days to 2,183.
The news is spreading, and the price is rising!
Seems that smart people value products that ship with revenue. Who knew 😂
All aboard 🚆
@wywyjumpshot@taodaily_io Fair point. I don’t think some “big” players even know we exist. It’s my responsibility to make sure that over time they know and give a damn. Back to work 😀
Credit onchain has not scaled because neither side had a reason to show up.
Lenders need incentives, and borrowers need to prove they qualify.
Zipcode makes it work through existing vaults frameworks 👇
chutes just burned another 12,117 alpha tokens
worth roughly ~850 $tao (~200,000usd) 🪂
this brings total burned alpha to ~232,240
5.26M tokens circulating of which 2.56M are staked
2.7M tokens floating, of which almost 10% is burned
holy shit 😂
Our new Yacht Experience, hybrid of Luxury Yacht Charter and Hotel Stay. Book by the cabin for 2 nights or more from $399 a night for two people including breakfast.
A government just proved it can delete the smartest AI on earth.
One letter. One signature. By the next morning the most powerful public model in the world was switched off in every country at once.
Watch what the money did next.
It did not flee crypto. It did not run to gold. It poured into a token most people had never heard of, and sent it up 23 percent in a day, 36 percent on the week, while the thing that triggered all of it had nothing to do with crypto at all.
The model that got killed was Anthropic’s. A near-trillion-dollar lab, its two strongest systems, dark worldwide three days after launch. A US export order barred every foreign national from them, and because no company can passport-check millions of live sessions, the only way to comply was to pull the plug on everyone, everywhere.
The token that soared was Bittensor. Anthropic does not own it, did not build it, holds no stake in it. Different company. Opposite technology. And it added roughly $300 million in market value over a single weekend on a ban it had no part in.
The reason is the most important thing the market learned all year.
The government killed that model because there was a door to knock on. An address. A CEO. A list of employees. Every one of those is a place a letter can land. Bittensor has none of them. Its intelligence runs across more than 128 independent networks owned by no one and hosted everywhere. There is no headquarters to serve, no founder to compel, no switch to flip. You cannot subpoena math running in ten thousand places at once.
So the ban did not threaten Bittensor. The ban advertised it. The US government just ran the single most expensive commercial for decentralized AI ever made, aimed it at every allocator on earth, and the token was the billboard. The Opentensor Foundation only had to state the obvious: access to intelligence should not depend on a handful of companies or governments. Friday turned that line from a pitch into a receipt.
Here is the blade under the whole thing. Being the best and being unstoppable are not the same property. The frontier labs still build the most capable models alive, and it is not close. But capability sits in a company, and a company can be switched off on a Friday afternoon by a clause it never saw coming. The market just priced that gap in a single session, and it priced it fast.
Be honest about the other side. Rallies like this fade more often than they hold, and the only hard proof the shutdown caused the bid is the timing. This is the market telling itself a story, and the market is not a careful witness.
But the lesson under the candle outlives the candle. A state just demonstrated, in the open, that the off switch on centralized AI is real and that its hand is on it. Every serious holder of AI exposure now has one new question that will not go away. What happens to mine when the next letter goes out.
The smartest AI on earth can be deleted with one signature. That was the news. The trade was everyone who decided, over a single weekend, that they would rather own the kind that cannot.
I just need to quote tweet myself a few hours later.
BTC up 0% tao up 10%
The market is realising decentralized AI is the next fight and narrative for the upcoming decade.
Anytime the government tries to ban, censor, supress for enforce control over wanted assets, technologies, and movements,
The markets run to the closest decentralized thing.
And that ting - Is bittensor folks.
$TAO
Access to intelligence should not depend on a handful of companies or governments.
This is why open, decentralized, permissionless AI matters.
This is why Bittensor matters.
Space X is trading at 105x trailing revenues.
For context, NVDA is at 25x, TSLA is at 17x and the SP500 is at 3.5x
The "normalized earnings" ratio would put it at 250x earnings.
Tradfi is telling you to buy that, and sell BTC at 0.45x power law.