I was just at a dinner with a number of very smart people in | dotkrueger on Binance Square

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I was just at a dinner with a number of very smart people including several in the crypto fund business. 
For some odd reason they didn’t have the majority of their net worth in Bitcoin. 
Some didn’t even own any. 
I am confused.

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I am super green on BitTensor, and don't fully understand the nuances of it all yet, but here are my observations so far. 1. At the end of the day, AI is the largest addressable market outside of Bitcoin. I find myself wanting to write a check to buy some of Anthropic at a 50 Billion valuation. So, the largest blockchain play on AI at 3 strikes me as objectively early. 2. BitTensor is a training ground for all kinds of AI experiments, some of which, like Chutes, are becoming serious products. Not exactly at the scale of Grok or Claude, but significant products. Some of these will buy back their coins, and distribute rewards back to their stakeholders a la BNB. The model makes sense to me. 3. Having said that, the chain has not done a great job of incentivizing these experiments so far and a number of early subnets seem to be looking for buyers / not happy. As an app store analogy, I would say most apps fail, but some hit it big. At some point an ETF that invests in subnets would capture that return. My friend @markjeffrey thinks the root emissions are also too high. It's a bit like the Fed -- high interest rates stop progress. 4. Again, I am early and not qualified to make judgment calls, but I do feel the UX of Tao is overly complex and nerdy. It's even more complex than meta mask, which is saying something. The world wants phantom and pump dot fun. The devs should do something about that. Full disclosure: I am involved now in

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I was just at a dinner with a number of very smart people including several in the crypto fund business. For some odd reason they didn’t have the majority of their net worth in Bitcoin. I am confused.

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19 Early Bird Tickets Left. We're adding an "Exhibitor Pass" for 4K (includes 2 passes, branding, and dedicated table. Perfect for your Bitcoin Custody Platform, Lending, Wallets, Treasury Company etc.. https://bitcoinalpha.org/products/exhibitor-pass-2-tickets-table?ls=exhibit25 @unchained @casahodl @fold_app @Sina_21st

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19 Early Bird Tickets Left. We're adding an "Exhibitor Pass" for 4K (includes 2 passes, branding, and dedicated table. Perfect for your Bitcoin Custody Platform, Lending, Wallets, Treasury Company etc.. @unchained @casahodl @fold_app @Sina_21st

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19 Early Bird Tickets Left. We're adding an "Exhibitor Pass" for 4K (includes 2 passes, branding, and dedicated table. Perfect for your Bitcoin Custody Platform, Lending, Wallets etc.. @unchained @casahodl @fold_app @Sina_21st

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