“AI agents need a veto.
Connecting an agent to apps, files, or wallet means handing them broad access and hoping they behave. Authentication proves identity. It doesn’t control behavior.
@vetoprotocol is building the authorization layer”
From @0xalwaysonchain@iman_blockrun
@fergalpha If you have ANY amount of money, think about contributing to the market driven solution to Bitcoin’s security crisis ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247.
@cryptoupdate_io @lukej_sgf @Justin_Bons The network fees securing a potential 100 trillion dollar asset will be astronomical. Would you be able to use bitcoin if fees were 25k usd per transaction? Bitcoin is already slow and cumbersome. It’s ridiculous to assume fees will be at parity with block subsidy.
@ODELLXYZ The only reason you’d accumulate bitcoin is because you trust the network security. Block subsidy halves every 4 years meaning price must double to offer the same miner incentive to achieve the same level of security. When has anything doubled ad infinitum? @NATGMI
@lukej_sgf @Justin_Bons Then explain the economics. Do you believe Bitcoin will double in value ad infinitum? Regardless if it is used as money or as digital gold, the incentive to secure the network (block subsidy) is exponentially decaying. A solution must present itself. NATGMI
@kevinbebee@Justin_Bons Bitcoin is profound because it harnesses thermodynamic properties. It captures stranded energy in exchange for value. The only reason anyone would use or hold bitcoin is because it is secure (many nodes across the globe verifying transactions). Miners are already aware of this.
@kevinbebee@Justin_Bons It’s basic math. The incentive to secure the network is cut in half every 4 years. If price does not double every 4 years to be at parity with diminishing block reward, miners are forced to make a grisly decision — turn off rigs or redirect them to profitable avenues.
@uncommongoods_ If you buy NAT through ordinals wallet, are you buying a btc native token or an erc20 style token via bridging pools? I know Trezor supports NAT as an erc20, but can you store NAT as a btc token on any cold wallet?
@btcrenaissance@JosephJacks_@grok 27 halvings to 52 trillion dollar bitcoin given it doubles every halving. We need a substrate of bitcoin to enable better miner rewards. They aren���t incentivized to secure the network. It’s a trillion dollar asset with a security budget below 1 billion usd. $DMT-NAT
@laser__eyes@DreadBong0 You will buy subnets on base not knowing the exchange holds tao do denominate the alpha token in TAO. All alpha is denominated in an inherently deflationary and scarce resource called TAO. We need it.
@TGevrek@visiontao Ask grok to model bittensors growth if it scales by reeds law. If you watch the video on dread bongos YouTube channel you can see how this figure is postulated. Reeds law: 2^n the value of a network of networks is measured by 2 to the exponent of all the networks im the network
@NalandaJay@visiontao Reeds law: 2^n. The value of a network of networks (subnetworks like bittensor’s subnets) is measured by 2 to the number of networks in the network. Bittensor is a decentralized economy that is evolving the way humans interact with equity markets. It’s useful work.