Batster

founder of @duelmastersgg, @smile_mem; building gaming platform Duelmasters - make bets on streamers in your favorite games; link below

[Batster @batster41]

The subnet makes progress, the market recognizes it, and the subnet receives more emissions than it would have if things had remained unchanged — all based on price action.

It’s a much stronger incentive to keep building and improving the product, especially when combined with the deregistration of toxic subnets (those occupying slots while doing nothing, burning emissions, etc.).

My theory is that you happen to own a couple of those subnets and you’re upset that the gravy train is coming to an end.

I might be wrong ofc, but it looks like it looks

[τao τemplar @TAOTemplar]

Bezos:

"As I watched the stock fall from $113 to $6, I was also watching all of our internal business metrics… Every single thing about the business was getting better and fast. So as the stock price was going the wrong way, everything inside the company was going the right way"

I feel like this is Bittensor rn. We've got more subnets than ever before that are brining in revenue, more subnets than ever before that are doing buyback+burns (directly injecting value into bittensor). We're seeing the theory become reality. We're seeing incentive mechanism landscape increase in quality. We're seeing conscientious miner burning. Now, we're seeing the dTAO market maturing to care less about trustmebro subnets. The dTAO market is shifting to care more about: "wen buyback+burn?".

And these improvements are coming faster and faster.

Sure there's a bunch of cracks that I talk about every now and then, but they aren't the same cracks as last year; last year's cracks have been solved.

I see no reason to suspect bittensor will slow down.

Bullish AF.

[Batster @batster41]

@AlgodTrading If subnet us useless and unreasonably burn all emission to miners - than yes. It makes me think that you own some of such subnets. Half of subnets trick consensus and burn all miners alpha not doing anything useful. They are cancer to Bittensor ecosystem

[Batster @batster41]

great detailed research on ethereum:0x40e3d1a4b2c47d9aa61261f5606136ef73e28042

[Kevin Simback 🍷 @KSimback]

https://t.co/un8n4Ri3Sq

[Batster @batster41]

@RunnerXBT Fking 10th of October

[Batster @batster41]

@chutes_ai how much you need to earn per trillion on average to be breakeven? considering miners' cost?

[Batster @batster41]

@zjbrenner @opensea Lmao you are too late to this party

[Batster @batster41]

@cerebras @ArtificialAnlys @Kimi_Moonshot Baseten - 400 t/s

[Batster @batster41]

+ morale for current subnet holders and future buyers. There should be a precedent showing that holders have a basic level of safety and freedom of choice if a subnet owner decides to exit, instead of everyone simply being forced to absorb the losses. In the long run, this would positively impact the valuation and trust in every subnet.

[Batster @batster41]

Also, it’s important to consider that SN3 is a mammoth. Reaching the natural point of deregistration will take a very long time, and a huge amount of value will be extracted during that process. Those TAO rewards will simply keep getting sold into the market, creating constant sell pressure and making life even harder for miners.

For example, Chutes is already struggling to support many models because, at current TAO prices, it’s simply not profitable enough for miners. They even have stricter than usual API limits because there isn’t enough hardware available — largely as a consequence of TAO price pressure.

These effects are much more far-reaching than they may seem at first glance.

[Batster @batster41]

@jamesrosst Liquidity problem

[Batster @batster41]

@quantscience_ tried it, piece of shit, even finetuned

[Batster @batster41]

@banteg Always using gemini for it, works perfectly in 99%

[Batster @batster41]

@chutes_ai @opentensor Might boost

[Batster @batster41]

@SuhailKakar Try cursor

[Batster @batster41]

@SolanaFloor @Polymarket Their own ofc

[Batster @batster41]

@DrocksAlex2 they need more revenue to afford more compute by paying miners. it would be wise to balance supply and demand by increasing prices until they find their sweet spot. if they have too much users and not enough compute then they definetely not in the position of balanced s/d

[Batster @batster41]

@DrocksAlex2 if youthink demand is too big why they wont increase price? even last increase is tiny in comparison to industry average prices