bobby beans

trader

[bobby beans @flickyobean]

@LeadpoetAI Poet

[bobby beans @flickyobean]

@DrocksAlex2 @const_reborn we all dream of a openly produced competitor to the big ai labs like anthropic, but seeing this type of shit makes me think, if tao is successful it will just be a different type of tyranny

[bobby beans @flickyobean]

@DrocksAlex2 i stopped reading updates since 455. i bet etao is slop. const sucking the toes of algod on x was insane too.

i feel your pain. issue is, i think many are exhausted too and are selling. but the tao chart is compressing instead of dumping..

[bobby beans @flickyobean]

X is brainrot the same as insta reels, short form content is the modern day cigarette. The edge is not 'out there' on the same information superhighway everyone is addicted to.

Silence everything and give yourself permission to find it on your own

[bobby beans @flickyobean]

@btchydra187 @dotkrueger Can i have the court docs please. cant dm you

[badenglishtea @badenglishtea]

Bittensor is frustrating in a lot of ways. Arguably, the early participants have always benefited more than their contribution to the value of $tao. The emission has always flowed one direction, to dollars. Even the discussions of revenue, never outpaced the emission. Somehow weight copying is still an issue. First mover was squandered and a lot of value was wasted. When the top three subnets are subsidized gpus .. lol I get it. I hope governance eventually has a role.

But, with that said, Bittensor has a evolving core. Decentralized and uncensored AI has unlimited demand. I think if you view tao simply as an emission money game, it makes more sense.

I don't know. I love to speculate.and I love big vision. Sometimes logic aside, go long, lol? Valuation is not the present, it is the horizon.

[bobby beans @flickyobean]

its true that higher price = better miners = quality work, so the owners should want to nurture their subnet price. But all startup north star is exit via acquisition, and that can only be done in scale thru equity.

Also what commands higher price isnt even alpha buybacks anyway. Its just marketing, telling the crypto gambler retards what they want to hear. Presetige, partnerships, announcements of announcements, etc. Im sorry but this is what the dtao market actually responds to. Do anything you can to get in top 32 slots, then the network will carry you

[bobby beans @flickyobean]

@emquibilan gotta stay true to the hairline

[bobby beans @flickyobean]

https://t.co/lvmtrud4IB

[bobby beans @flickyobean]

@JMEimagine Grok imagine 2 did a really good job haha

[bobby beans @flickyobean]

@sneworoverteel @sebyrubino No, resi got kicked in the balls by chain policy

Right when 46 price is low, emissions changed from taoflow to basically 'high price = high emission'. Now 46 is perpetually stuck unless drastic changes are made (which seby did)

Not just 46, basically half of dtao is screwed

[bobby beans @flickyobean]

Adapt or die philosophy is taken to extremes where months of miner work is wasted as owners need to pivot the subnet objective to survive (eg 66, 46, many more)

Retards say "tough luck!", while wondering why $TAO price is suppressed. Miners sell to USD to recover costs. #Bittensor is subsidizing a bunch of work to be done only to throw it all out too fast

The policy situation is like a nation trying to build a strong military by randomly throwing frags into their own platoons to keep the strong survivors, while you, the taxpayer funds the development of new soldiers.

You wonder why your currency (TAO) becomes weaker

[SEBY (gpu/acc) @sebyrubino]

Bittensor changed... so we changed with it.

Bittensor no longer funds non-productive work which we fully agree with.

The outcome is that I can focus solely on revenue which gives the Network what it needs and our Stakers the most upside. Stay tuned!

🧠⚡️ @instantsubnet

[bobby beans @flickyobean]

@sebyrubino for seby haters:

What seby did shows strength. The startup is your baby. its VERY difficult to kill it & pivot, esp when its not your fault. Resi had a good future, but was sentenced to death by chain policy

This pain can only be understood if you have built startup before

[bobby beans @flickyobean]

@sebyrubino I hold no fault to you, what you did is correct, as this is what the game rules reward

I'm being critical of the game itself here

[bobby beans @flickyobean]

@meaculpitt Above all it is negligence of OTF. The incentive design is all around price, yet they dont look through the lens of the price makers, ie traders, investors, anyone holding alpha

instead doing pet projects of revamping sn66, etc. where is the focus?

[bobby beans @flickyobean]

The reason why dereg feels unfair is because #bittensor policy is poorly optimized and I will state exactly why and how to fix it

First, note that PRICE is the current most important factor in both ends of policy:

- The best (and most deserving of tao emission) is determined by highest price
- The worst (and deserving of dereg) is by lowest price

Price is determined by traders and investors, therefore they must be respected

Extractive subnets can choose to exploit either sides of this policy:

Everyone focuses on the top side extraction; Scams that try their best to attract investors to command high price, then rugpull

But the most successful extraction is the bottom side; where you coast for long as you can and avoid dereg

You do this by not giving reasons for active traders/investors to believe in you or hold your token, by barely keeping a pulse, and not closing the door to 'being legit'. Eventually, the liquidity pool becomes thin and tokens held by forgotten wallets that dont panic sell cause they are inactive.

Do you notice how deregged subnets typically have a huge sell off a few days before? Its cause active holders are there.

This is why ironically the 'working teams' seem to be unfairly deregged when anemic subnets like satori, Natix streetvision and others keep living. There are no active traders holding these tokens, so no one panics to sell when the price gets low. This is how anemic subnets exists as low price pests - the price is always low but not low enough to dereg.

You think now: But, eventually anemic subnets must reach lowest price, if there is no buy pressure and owner is selling?

In a perfect world, yes, as the alpha emissions are extracted by selling, so it should go to 0

Reality is either: 1) the pool becomes so thin that orchestrating pumps to revive it is easy and so the owner does this to replenish the pool with hopeful investors; 2) The panic sell cascade from subnets of 'working teams' outpace everything else

Don't get me wrong, @Old_Samster is correct here that dereg'd subnets deserve it. Months ago I did a 1hr marketing feedback session lead by a motivated babelbit holder who had the goal to give marketing suggestions to the team. I dont even own babelbit, i just did it voluntarily. I dont see any of suggestions were implemented until the final hour when its too late.

How to fix it?

First, if OTF is going to use price as primary factor in policy, you MUST respect the traders and investors that determine the price.

Radically changing policy with no notice is a big F YOU to traders and puts them off, as @SiamKidd states in the article "..dtao is basically uninvestable currently". This is not whining. Traders are using their own capital to determine which subnets are productive, dtao relies on them.

Second, and directly a suggestion to improving bottom side policy, is to also use volume as a component in dereg calculation, alongside price.

If the volume is consistently low, it means no one cares about the project, which probably means its not doing anything worthwhile.

Try sorting subnets by price, then by volume and do a gut check on which is better to use (or combine)

Crypto exchanges regularly prune off low volume projects, dtao should do the same instead of just kicking off the lowest price.

[Sami Kassab @Old_Samster]

@0xSunRun @MarkCreaser exaclty. not even trying to be a dick here, but i have yet to come across a subnet that's gotten deregisted that i've thought hasn't deserved it.

if you get deregisted, you've failed. bittensor is a market-based ecosystem. The market has chosen not to let you continue