We are going to improve the http://TAO.app experience by a f | JosephJacks_ on Binance Square

Trending Articles

Bookmarked and Liked

--

We are going to improve the http://TAO.app experience by a factor of 1,000 in the coming days... Get ready.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

TAO

429.3

-7.45%

17

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@JosephJacks_

Explore More From Creator

"Today’s compute owners are highly capital inefficient (see Lambda Labs’ $500M debt facility, rumored 15% interest rate), and we believe Targon (Bittensor Subnet 4) can play an important role in reducing many of the inefficiencies that exist today." 🔥🔥🔥

--

In the same way that there are no “good” or “bad” open source projects … There is no such thing as “good” or “bad” incentive mechanisms (IM) on Bittensor. Subnet IMs are either effective or ineffective at continuously producing a given useful computational commodity. Correspondingly— The big fundamental difference between an IM and a conventional startup business model (BM) is that BMs require attachment to fiat as the representation of value capture (and focus on the input of work that is measured as the cost basis for a market to then price) — whereas value creation is never represented anywhere and always subjective. IMs, OTOH, focus only on measuring and rewarding the OUTPUT of a useful work, not its input. This allows for representing both value capture AND value creation in the currency of the subnet. This is nuanced and counterintuitive for most to understand. But it is extremely profound. And it will upgrade and transform all of capitalism. Slowly. Then all at once.

--

There is so such thing as “good” or “bad” incentive mechanisms (IM) on Bittensor. Subnet IMs are either effective or ineffective at continuously producing a given useful computational commodity. The big fundamental difference between an IM and a conventional startup business model (BM) is that BMs require attachment to fiat as the representation of value capture (and focus on the input of work that is measured as the cost basis for a market to then price) — whereas value creation is never represented anywhere and always subjective. IMs, OTOH, focus only on measuring and rewarding the OUTPUT of a useful work, not its input. This allows for representing both value capture AND value creation in the currency of the subnet. This is nuanced and counterintuitive for most to understand. But it is extremely profound. And it will upgrade and transform all of capitalism. Slowly. Then all at once.

--

When open source projects are asked “why do people contribute ?”, they almost always answer “they just do!”. Intrinsics. When Bittensor subnets are asked “how do miners solve your 🧩?”, … “no clue! but they do it better than we could have ever predicted!”. Extrinsics.

--

It’s called $TAO, @demishassabis. You are describing Bittensor. I am staking my entire reputation on Bittensor to solve this immense challenge for humanity — and I do not remotely consider myself a “crypto person”, fwiw.

--

Latest News

U.S. Treasury Secretary Suggests Possible Changes to Bank Regulations This Summer

--

Oracle Plans $40 Billion Nvidia Chip Purchase for OpenAI Data Center

--

Corporate Bitcoin Purchases Triple New Supply in 2025

--

AAVE V3 Achieves Record USDT Borrowing Total

--

U.S. Sovereign Wealth Fund Plans on Hold Amid Other Priorities

--

Trending Articles

XRP Price Forecast: What If Crypto Market Hits $40 Trillion and XRP Holds Its Ground?

Goodnight Fam😌❗ 💥😍Treat Crypto Trading Like a 9-to-5: Clo

Dayle Gargani BhzH

Participate in #ALPHA 2.0 check in daily to earn 15k #PE

They Want You to Buy High and Cry Later Don’t scroll past t

🔥 TRUMP CONFRONTS SOUTH AFRICAN PRESIDENT: A TENSE OVAL OFFICE EXCHANGE 🌟

Cookie Preferences

Cookie Preferences