Some notes from the Bittensor event this morning:
- For many ETH OGs entering the ecosystem, Bittensor’s incentive mechanism - which encourages the design of ecosystems centered around a decentralized objective function - has sparked the same excitement they once felt when smart contracts first emerged
- The innovation and the new ideas being explored feels very intellectually stimulating - just like when DeFi first started, but the potential for AI to penetrate the greater market is far beyond that of DeFi
- The introduction of EVMs are great for DeFi and shitcoins, but more importantly subnet operators will unlock an additional layer of orchestration to enable them to push their ideas further - this is something subnets will need to think about
- dTAO’s principle makes perfect sense but there is definitely some finetuning required to make this work
- Quality of subnets have gone up massively since 9 months ago, where people previously were mostly treating this as a hobby, today most of these subnets are professional teams with relevant backgrounds working on the toughest problems in their respective domains
- The latest batch of subnets coming online have been able to design elegant ‘asymmetric validation’ mechanisms as compared to previously where things were hacked together after launching on mainnet
- What felt like a dream of closing the gap with closed source AI feels very possible today - some subnet miners are starting to outperform state of the art models
- Given how fast and deep the teams are getting into these vast directions, it’s hard for validators to fully understand the impact and potential of the subnets and understandably so - there aren’t penalties or incentives for alignment when it comes to weight assignment, and before dTAO or some solution arrives we’ll need a workaround for it that would involve transparency between validators and subnet operators
- Bittensor’s Discord is the perfect place for anyone with ADHD
- So many people are unaware about what is going on in Bittensor today
- There needs to be some way to incentivise a new group of builders to build applications on top of these amazing subnet-generated digital commodities
Introducing $stTAO — Reward bearing $TAO LST boosting accessibility and liquidity for Bittensor!
Earn yield on your TAO by staking your wTAO at https://t.co/Q5wSEX0U7y.
To ensure the safety of our users’ assets, we will safeguard the launch with a deposit cap of 2,500 TAO.
To all our friends and partners,
祝大家兔年幸福安康, 兔年财源滚滚来!
(May your year of the Rabbit be full of happiness and health as well as unlimited wealth and good luck!)
1/ The past week has been a tumultuous one for everyone in the industry. To all our portcos, partners and friends, we understand how painful and discouraging it is right now and we feel with you.
When you sometimes take the time to craft honest yet tactful feedbacks to founders on their startup pitch, yet their ego can't take it and give you the blue tick 🤷♂️