Proxia

Don't worry about it -_-

[Proxia @ROProxia]

@2xnmore Claude quality >>>>>>>> everything Bittensor has to offer.

[GIFTY (𝔦, 𝔦) @Amrit12005]

Covenant AI leaving kinda confirms something that's been in the background for a while.

People keep calling $TAO fully decentralized but when things get serious, there's still a small group that can step in and change outcomes.

That doesn't feel like real decentralization, You can't say permissionless and then step in when you don't like what's happening.

I'm not even taking sides here, builders should be free to do whatever they want. Build, leave, sell, go big that's the whole point of crypto.

But the system itself should not react differently just because the situation gets uncomfortable.

Rules should be rules. Not flexible depending on who's involved or how big it gets.

Still think $TAO has insane potential but only if they actually move towards real community control.

If governance becomes genuinely open and not controlled by a few hands, this can easily become one of the biggest networks in crypto.

If not, i it'll just slowly lose the people that matter

[Proxia @ROProxia]

@__0WhoKnows0__ One day

[Proxia @ROProxia]

@LLuciano_BTC This aged like fine wine!

[Grayscale @Grayscale]

Today we filed the initial S-1 for Grayscale Bittensor Trust (ticker: $GTAO) with the @SECGov

This milestone is the next step in converting $GTAO to an ETP, which would make it the first $TAO ETP in the U.S. and another first for Grayscale.

Read the S-1: https://t.co/A9hmXytO1F

[Proxia @ROProxia]

@AltcoinMillie @TAOTemplar Based on current consumer usage of AI, then centralized players are winning. They have most of the online traffic and even they are in an intense competition amongst each other. There is barely any room for decentralized options. Idk what would have to change for deAI to succeed.

[Proxia @ROProxia]

@AltcoinMillie @TAOTemplar But if you’re in the AI space, then you’re competing with big tech like Google whether you want to or not. Bittensor only succeeds if people use its subnets. And people aren’t using the subnets because they’re just not good and convenient enough. So what’s the competitive moat?

[Proxia @ROProxia]

What’s the investment thesis on $TAO. The project sounded appealing 2 years ago but is now lagging compared to centralized competitors.

[Proxia @ROProxia]

@Pritensor Why are you still posting so much about this project is my question? Seems like you don’t buy what Bittensor is selling.

[Michael D. White @here4impact]

preface: 99%+ of my net worth is tied up in the #bittensor ecosystem. I admire and actively support multiple subnet teams, and I am 100% allocated to subnets within the $TAO ecosystem (0% to root). I run a fund dedicated to subnet investment, so I quite obviously believe in the amazing potential the protocol possesses.

with that out of the way:

I met with the principals of a large ($5B+) multi-family office on Thursday. I passionately pitched them the Bittensor ecosystem. multiple subnets. they loved it. “send me more info. we move quickly.”

they are heavily invested in the tech start-up space. what better place to deploy capital than subnets? what space could be more a) interesting from an intellectual perspective and b) attractive from a risk/return standpoint?

I am close to rescinding that recommendation. since that meeting (in just the past 48 hours), the $dTAO mechanism is changing *yet again.* apparently taoflows (and associated chain buys) are benefiting the wrong subnets. let’s just say it: nobody wants sn8 to win. I witnessed the founder of the protocol jeet the entirety of his sn8 holdings yesterday, probably in an effort to stop chain buys. cool. your choice.

but that didn’t work. so let’s change the protocol, and give validators the power to choose which subnets get chain buys (arguably undermining the purpose of dynamic TAO).

the college football playoffs started this weekend, so here’s a metaphor. you’re a football coach (subnet owner). you recruit your team. you expend the right resources in the right places. you come up with the perfect plays based on the (publicly agreed upon and accepted) rules of the game.

everything works. your star QB has an amazing drive downfield and you end up in the red zone. you have a play just for this scenario. the O line executes. your WR gets in the perfect spot. the QB connects. TOUCHDOWN!!

not so fast. joke’s on you mf’er. the goalposts moved. some football OG’s have been monitoring the situation. the end zone isn’t there anymore. other end of the field papi.

would you ever play the game again? of course not. how do you build an organization if the rules are fluid? how do you recruit investment if things constantly shift and change?

uncertainty is the death knell for an investment class. I say this reluctantly because somebody has to: if #bittensor wants to be ready for institutional capital, it needs to make a decision. is it a decentralized protocol or not? let us know please.

there are certainly *subnets* that are crushing it and ready for institutional capital. they have game plans and they are executing. but they are succeeding in spite of, not because of, the constant changes to the dTAO protocol.

if Bittensor is going to be truly decentralized, it needs to decide now. otherwise we are just another extraction L1.

#bittensor $TAO $dTAO

[Barry Silbert @BarrySilbert]

Another milestone for the $TAO ecosystem:

Grayscale Bittensor Trust (Ticker: $GTAO) is now trading and available in your securities brokerage account

$GTAO is the first publicly quoted U.S. investment product offering exposure to $TAO, expanding investor access to decentralized AI

[Proxia @ROProxia]

@DamiDefi $TAO

[Grayscale @Grayscale]

“$TAO stands out because it mirrors #Bitcoin: capped supply, no VC round, no insider allocations—even the founders didn’t get tokens at launch.”

@BarrySilbert, CEO and Founder of @YumaGroup and @DCGco, spoke at @fundstrat’s webinar about what makes @opentensor's community and token model unique.

Explore more in the @fs_insight report via @Grayscale: https://t.co/ArFsakllgJ

[Proxia @ROProxia]

@NFTRonnie That's not bittensor though. That's just 1 subnet out of many.

[Proxia @ROProxia]

@nordin_eth $Tao needs to work on its website first before even thinking about mass adoptions. I want to go to https://t.co/XlSutDvWtS and use AI tools and I can't do that. That's like going to https://t.co/lB1BqHVSbl and not being able to use search. @opentensor fix this.

[Proxia @ROProxia]

Can you guys include links to purchase $TAO or links to useful subnets? Seriously, just make the website more useful. Imagine going to https://t.co/lB1BqHVSbl and not being able to use search. I want to be able to go to https://t.co/XlSutDvWtS and use AI tools. $BTC $ETH

[Proxia @ROProxia]

Can anyone @opentensor do something to improve the https://t.co/XlSutDvWtS website? It's seriously lacking compared to https://t.co/UR50IInnnI or https://t.co/IyxaS6UFVb. Can you guys include a few more useful tabs and links on the website? $TAO $ETH $BTC

[Proxia @ROProxia]

@buzzli8yr @JosephJacks_ This makes waaaay more sense

[Proxia @ROProxia]

@kanyewest Sir just drop your CA so we can pvp