tuta
@thecryptogus
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Cofounder @mentatminds Pushin'τ
Genesis block
Joined September 2017
We've been excited about Bittensor tokenomics at @mentatminds for a long time now Looking forward to the 1st $TAO halving, coming up around December 15th
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Tell me bitcoin had a few very bad weeks without telling me
$BAT Closed above 99MA on the weekly vs BTC for the first time in years.
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Historically, the moment people start writing manifestos about how all of crypto is a scam tends to be a great time to actually build stuff.
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If the $TAO halving makes you want to invest progressively into subnets, we got you covered
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What is Bittensor? A simple, non-technical explanation for anyone. 0:00 Intro 0:11 Global Competitions 1:40 Winners are paid 3:03 The rules 4:29 Bittensor's Principles 5:38 Bittensor is a Free Market 6:33 How Bittensor Wins
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Interesting research experiment I’m running on Gemini: startup sourcing, evaluation, and ranking Prompt: "Pull up a comprehensive list of decentralized AI labs. Create your own set of heuristics that ranks them based on technical proficiency. Explain the evaluation process."
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The best $TAO explanation: a protocol to create Kaggle-like competitions (subnets) on anything where participants (minets) get rewarded with cryptocurrency
@21redgrapes I'm also worried about complexity in Bittensor, but the good part is that despite how powerful it is, the concept itself is pretty straightforward a protocol to create Kaggle-like competition on anything where participants get rewarded with cryptocurrency
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@21redgrapes I'm also worried about complexity in Bittensor, but the good part is that despite how powerful it is, the concept itself is pretty straightforward a protocol to create Kaggle-like competition on anything where participants get rewarded with cryptocurrency
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At @mentatminds, we realized early on that breaking the barrier to subnet investing was key to the success of Bittensor, and have been working relentlessly towards that ever since Looking forward to the $TAO subnets floodgates opening
having been in the cosmos eco, the key lesson is identifying the barriers to ecosystem growth and relentlessly breaking them down. Bittensor has made subnet emissions more competitive. next big push is making subnet investing more competitive. https://t.co/9PjuyHZPZ7
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@Dikaios22 TAO staking yield comes from the alpha getting sold from subnets according to their root prop basically it is based entirely on the sum of subnet prices but the halving doesn't impact SoS directly
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it's basically just a way for the chain to say "hey subnets, you bette hurry to grow your liquidity with external buyers because the chain subsidy is not going to last forever" and to make $TAO more scarce at the same time
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no direct impact on prices no direct impact on TAO staking yield no direct impact on alpha staking yield no direct impact on miners incentives
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the halving will only reduce the quantity of TAO and alpha that are added to subnet pools every block another way to put it is that it will reduce the growth of subnet pools liquidity again: it won't reduce liquidity, but reduce THE GROWTH of liquidity
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I see a lot of confusions about the $TAO halving coming Dec. 14th (exact date TBD) The biggest misconceptions are that the halving will: - kill miners incentives - cut TAO staking yield by 50% - push subnet prices down Correct answer: none of the above
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I spent 100’s of hours writing research on tether for @Citi. @CryptoHayes missed a few key points. 1) 𝐓𝐡𝐞𝐢𝐫 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐬𝐬𝐞𝐭𝐬 =/ 𝐚𝐥𝐥 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 When tether generates $ they have a separate equity balance sheet which they don’t
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and people keep listening to the biased man https://t.co/5OeHKO6Pio
🔥ARTHUR HAYES WARNS $USDT COULD GO INSOLVENT Hayes says Tether is betting on Fed cuts, which would make their interest income drop, so they’re buying gold and Bitcoin to make up for it. But a ~30% crash in those holdings could make USDT “theoretically insolvent,” he warns.
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Happy to announce we are officially doing it RIGHT @mentatminds🫡 (obv joking, a lot more to do, keep the feedbacks coming)
"We're doing everything RIGHT" The problem is that the definition of doing everything right changes over time. We're not in 2017 anymore: what worked back then doesn't work today. Right now, doing things right in crypto means two things: 1. building unique apps used by real,
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Hayes hating on Tether as he gets drowned by the weight of his ENA bags wasn't on my bingo list funny to watch though see you below $0.20
The Tether folks are in the early innings of running a massive interest rate trade. How I read this audit is they think the Fed will cut rates which crushes their interest income. In response, they are buying gold and $BTC that should in theory moon as the price of money falls.
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