rekt ape

[The Bittensor Hub @TheBittensorHub]

A post by @mogmachine on Discord regarding subnet 18! This is fantastic news. It's an incredible era to experience. It's an amazing period to be part of the Bittensor Revolution! Kudos to the team! $TAO

“Ladies and gentlemen, gather around!
Today marks a monumental achievement that I am absolutely thrilled to share with each and every one of you.
We have successfully pioneered the first-ever multi-modality subnet, a groundbreaking feat that stands shoulder to shoulder with the capabilities of GPT-4, and in some aspects, even surpasses it!

Our team's dedication and tireless efforts have culminated in the creation of a fully functional text and image-based subnet. This isn't just any subnet; it's a marvel of technology, operating with the advanced **GPT-4 Turbo, a version so cutting-edge that even OpenAI has yet to introduce it on their front end**.

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But wait, there's more!
We are now producing **HD images with the power of DALL-E-3**, thanks to the incredible computational resources we've harnessed. We have access to 250 API keys, positioning us at the forefront of creating what will undoubtedly be the most valuable text and image dataset in the world.

This dataset isn't just a collection of information; it's the key to unlocking new possibilities in the AI domain. With it, we have the potential to distill, recreate, and even train AI models on the scale of GPT-4 or DALL-E-3.

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We are at the dawn of a revolution, a shift that will redefine the landscape of technology. The shadows of the past are giving way to a bright new era, and we are the torchbearers of this change. The world's gaze is now fixed on us, and rightly so, because we are not just making strides; we are making giant leaps. We are embarking on a journey that will change the course of history, and I couldn't be prouder of our team and what we have achieved. The future is ours, and it starts now! Let's make history together!”

Join the discord here 👉 https://t.co/cpNwqsHWEs

[Neural Bond Connery(τ, τ) @ai_bond_connery]

You may ask yourself, why was there more $TAO on exchanges in the $50 range then there is now?!

It’s Game Theory.

Last I read, cost to mine Bittensor is between $26-50 per $TAO depending on your skill level. It gets harder over time, but this is one of two important catalysts:

The higher the price, the less miners need to sell to cover overhead. Simple.

Then comes the second catalyst, subnets…

To register a subnet, developers must lock their TAO. Registration difficulty rises with time. TAO is distributed across the subnets depending on the amount of miners and validator stake deployed.

Now for the game theory!

As more and more subnets get added, the distribution of TAO gets diluted. This means mining overhead will rise as mining becomes harder but now validators need more stake, to compete across subnets. Validators get a cut 18% of tokens emissions from $TAO dedicated to that validator. They must compete with each other for your stake!

There can be a validator using its entire stake on one subnet, or there can be validators staking across multiple subnets. Each subnet will split revenue across validators on it and the validators with the most stake & highest consensus will earn the most.

Now validators that are across multiple subnets must stake more to keep up with the highest performing validators on each subnet.

Though difficulty of mining rises, so does the demand of tokens since validators are competing to earn more $TAO, it becomes a self balancing equilibrium.

Currently miners have the advantage, as difficulty is low compared to overhead but the smart ones, they understand that won’t be the case forever, therefor they are holding onto their tokens.

Confused yet ?!🤪Well there’s more!!

In comes monetization, a future catalyst:

Right now products built on Bittensor are free, however, you can safely assume that won’t alway be the case.

As user base increases, so will overhead for validators to run their products on the network. Some will decide that earning $TAO is enough and will sell some to cover costs while others will factor in the future value of $TAO and choose to charge for using their products.

But fear not, once validators start charging fiat, crypto or TAO for products developed on Bittensor, price of $TAO should surge even higher!

When there’s monetization, validators must keep the same quality of service and will need to buy more $TAO to compete against other validators to retain customers. As more customers use a validators products, that validator MUST stake more $TAO to be able to query the network effectively and keep up with demand!

This is when you’ll start to hear rumblings of corporations like @MSFTResearch , @AIatMeta , @GoogleAI , @IBMData and @amazon buying up $TAO to enable them to validate to earn off products and simultaneously use their models on the network to mine it themselves.

It’s inevitable, and it would be lost opportunity cost not to do it. They’re already charging people, but now they’ll be able to charge people AND mine TAO!

If you understand what I just explained you know this is bigger than all of those companies combined. They will be competing for Fiat & TAO right on the @bittensor_ network, against the rest of the world.

Bittensor is the battlefield and $TAO is the prize!

So , for those looking at recent price action maybe wondering, Even questioning your decision, just imagine an angelic baby Bond Connery with wings above your shoulder yelling in your ear:

‘YES you are still really fucking early!!’

[Cold Blooded Shiller @ColdBloodShill]

Trading crypto right now

[Cold Blooded Shiller @ColdBloodShill]

I'm not a fan of DCA, I don't think you should be looking to pick bottoms, investing randomly as price falls.

Wait till you have a clear uptrend signal and begin investing. Ignore social media. Focus on you.

PRESERVE CAPITAL UNTIL IT'S CLEAR TO INVEST.

[rekt ape @adamadam999]

@MattSchmenk FTX quant zone

[Cold Blooded Shiller @ColdBloodShill]

$55,000
$3,600
$125
$150
$50

Then that's it.

You say thanks for a wonderful macro bearish retest (or fresh ATHs), you sell your shit and you leave this cesspit for the rest of 2022.

[ZachXBT @zachxbt]

Tai Lopez announced his NFT project recently. There’s 3 tiers of NFTs with ridiculously high reserve prices for the auction

Black: 60 ->10 ETH
Gold: 5 ->1 ETH
Silver: .15 ->.1 ETH

At minimum if all NFTs sell out at the lowest price that would net him roughly $17.4m (6000 ETH)

[rekt ape @adamadam999]

@trader1sz It’s just free advertising. I’m sure lots of people will be thrilled to know you have a paid group. You’ve been trading like a king 👊

[rekt ape @adamadam999]

@Budgetdog_ The more the better, but mostly care that she’s doing something meaningful and satisfying for her

[ChimpZoo @ThinkingBitmex]

A mega thread on all the data, mishaps, and so forth that are going on in this market.....

Bare with me as I start to pour out the data

1/n

[rekt ape @adamadam999]

@LomahCrypto Would suck if it went to 0 and they delisted before you closed

[rekt ape @adamadam999]

@Trader_XO short sellers fomo market

[rekt ape @adamadam999]

@crypto_iso they want the pain to end. BTC holding up really well today, imo, and looks like it wants up. Just for a scalp for me though

[rekt ape @adamadam999]

@cryptomeowmeow We’re in fomo short territory. No bounce, just keeps grinding down. Hopefully a scam pump after weekly close

[Chris Burniske @cburniske]

It seems too good to be true, but odds are crypto gets another opportunity similar to 2018/19, where the money-hungry newcomers will lose conviction, quality will get oversold, and the builders will be beasts in the quiet.

[Ezra Levant 🍁🚛 @ezralevant]

1. This is the most scandalous story of the trucker rebellion.

A WhatsApp chat group of Mounties boasting about the cruelty & violence they plan to use against peaceful protesters, and laughing at injuries done to civilians.

This was leaked by the one honest cop still in there.

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

Playing Poker will give you an unfair advantage in Crypto.

But you don't have to play thousands of hands to reap the rewards.

Here are 17 most important lessons:

[rekt ape @adamadam999]

@uttamsangwan @Pentosh1 @pierre_crypt0 There will always be volatility. You can potentially make 8 figs trading the ES. I’m almost completely derisked. There will always be more opportunities. Conquering fomo and the need to be in 24/7 is a skill worth learning

[helmut @helmutchrome]

(1/8) Another bear market is inevitable. From a fundamental standpoint, it’s become clear we have yet to achieve the two catalysts necessary for self-sustaining growth: non-reflexive (ponzi) business models and user adoption that doesn’t rely primarily on speculative behavior.

[rekt ape @adamadam999]

@crypto_bobby It’s not just the age, but how regularly you drink