Lex Tensor

Law and τ

[Tyler DurdΞth @tylerdurdeth]

The biggest benefit of this shakeout is that people are finally realising that 99% of crypto is literally worthless. Capital will get reallocated to the few tokens that are actually creating value, and the repricing will be violent when sentiment flips.

$TAO

[Lex Tensor @Lex_Tensor]

@AlgodTrading I think you’ll see something for this soon from @chutes_ai

[Lex Tensor @Lex_Tensor]

Sometimes he does and sometimes he doesn't. I appreciate @AlgodTrading but he's in the latter bucket in this particular case for me (personally I would have been fine to keep the status quo on this point but I definitely see the rationale for the change, and it makes good sense).

It's great to see that people care about Bittensor and $TAO and that we discuss these things though, as you typically do gain some perspective that you otherwise would have missed.

[Lex Tensor @Lex_Tensor]

@JesusMartinez Just use Chutes instead of Venice

[Lex Tensor @Lex_Tensor]

Nah man, this one was a gift at the right time for me and I just kept diving further into the eco since then. Remember that there's a lot more of us that aren't (or weren't) that active or as loud as the critics - I'm probably not the only one that's in a similar spot but you typically only see the people yelling.

[Lex Tensor @Lex_Tensor]

@MaxScore @tm0klc @webuildscore Something about CTOs like him speaking about their work - just genuine passion for it and not the classic business pitch with use of big buzzwords. Big fan of your guys' work

[Lex Tensor @Lex_Tensor]

@econoar If you're in either pivot to $TAO and subnets

[Lex Tensor @Lex_Tensor]

It's arguably better for TAO holders and holders of other alpha that this TAO doesn't leak out with a failed project but rather is redirected to other parts of the ecosystem that are doing well and where capital is actually flowing (i.e. reduces subsidy of failure)

Sucks for those getting a haircut (assuming they didn't sell before a dereg) but not a case of theft or socialism imo

[Lex Tensor @Lex_Tensor]

It's the protocol spending its 'own' TAO to prop up a subnet's price and the chain more or less just takes that prop back and recycles it into emissions where there's value (rather than reward a dying subnet and its holders). There's no theft or anything being stolen I'd say.

Fair to dislike the process and that there's now a (larger) haircut in the dereg payouts, but a potential positive is that there's less incentive to farm a dying subnet - sometimes better to just let it go to dereg quicker and have that TAO flow where it's more useful.

[Lex Tensor @Lex_Tensor]

I am officially taopilled and I can't stop thinking about it - Bittensor is bar none the most interesting project happening in crypto.

[Tyler DurdΞth @tylerdurdeth]

I am officially taopilled and I can't stop thinking about it - Bittensor is bar none the most interesting project happening in crypto.

[Lex Tensor @Lex_Tensor]

@DrocksAlex2 @OpenAI @TroyQuasar thoughts?

[Lex Tensor @Lex_Tensor]

@Cointelegraph Breaking: A break from the break

[Lex Tensor @Lex_Tensor]

And if you care about DeFi in the US, maybe don't push policy about Hyperliquid when we're this close to get the win on actual DeFi

[Jake Chervinsky @jchervinsky]

If you care about crypto in the USA, this new org is one to follow and support.

@defenddevspac is led by @glzavatone, one of the unsung heroes of DeFi policy in DC. It’s the first and only PAC focused exclusively on protecting developers.

A much needed effort. Thank you Gavin!

[Lex Tensor @Lex_Tensor]

@CadeONeill Not really, I think that most just don't understand it yet or that the memecoin era ruined their ability to spend more than 2 minutes reading into a project

[Lex Tensor @Lex_Tensor]

@webuildscore @tm0klc @proofoftalk Chad. Always fun to see a CTO speak to the public about the work - could tell he's genuinely interested in what they are creating

[Lex Tensor @Lex_Tensor]

@TroyQuasar The market is the market friend. I'd just focus on shipping and the rest will be sorted on a longer term basis. No need to talk about "investors" in the context of subnets - people always read more into stuff like that

[Lex Tensor @Lex_Tensor]

@markjeffrey @const_reborn @proofoftalk Job well done ser

[Lex Tensor @Lex_Tensor]

@const_reborn @AlgodTrading @IOTA_SN9 @chutes_ai @jon_durbin wen

[Lex Tensor @Lex_Tensor]

Agreed. Also remarkable to see the number of people attending the Bittensor talks compared to the rest of the conference -- run Bittensor track on mainstage only next year @proofoftalk?

[RVCrypto @RvCrypto]

I’m 100% more bullish on $TAO than I was going into Proof of Talk.

My biggest takeaway:

The ecosystem is no longer focused on proving it can build great products.

That stage is largely behind us.

The focus has shifted to product market fit and landing paying customers.

It the next step and exactly where we need to be.