Favorite quote from @proofoftalk by @const_reborn yesterday: “Bitcoin marshaled more compute than all cloud providers and data centers combined (times 400+) … at 1,000 times less cost”
The profundity of permissionless, fair launch, decentralized incentives is immense.
Bittensor incentive mechanisms are open source neural network training algorithms / code for driving the production of continuously improving digital commodities.
Each Bittensor subnet defines an AI model (which is the IM protocol, miner code and validator code) … these models are abstract and can learn anything … through the power of permissionless, decentralized and extrinsically incentivized incentives.
ELI5 for the huge @taohash subnet 14 update we dropped today…
- We’re moving to share based evaluations instead of pure hash rate. - Adds support for high difficulty miners. This was a bottleneck which didn’t allow high powered machines to participate in the network. - Adds support for solo mining & other pools instead of only Braiins. This is a big one. - We added 2 proxy implementations, lightweight one for miners and batteries included for validators (although miners can also the full one with some tweaks). This open source proxy is probably the only one which is built with latest tech, previous open source implementations are very old (~10 years). - Dashboards are included to see real time stats along with full share accounting. - Adds the groundwork for miners to earn BTC as well, with inspiration from TIDES framework. This is the next step. - Also now we won’t depend on third-party services to help us evaluate miners; we can do it on our own and tweak it as we want moving forward.
You can train a Bittensor subnet model to learn and improve over any useful computation ... then drive its production through a pemissionless free-market mechanism -- incentivizing its continuous improvement.
You can train a Bittensor subnet model to learn and improve over any useful computation that can be precisely measured ... then drive its production through a pemissionless free-market mechanism -- incentivizing continuously improvement.
If TAO is to capitalism what BTC is to fiat currency, Bittensor overall will eventually be worth hundreds of trillions and Bitcoin will eventually be worth tens of trillions.
Bittensor's permissionless incentives are biblically awesome. Subnet 64: > 15 trillion tokens next month. That's Anthropic level... At HALF their current growth rate, it'll hit 50 trillion in 6 months, matching Microsoft. This a single subnet out of 100+.
Biggest Bittensor product announcement of the year landing tomorrow morning at 7AM PT. No tweets until then in honor of this moment. Pure fire coming... @taoapp_ 🔥🤖
More than $8 billion of venture capital has been invested in the bottom 60 of the top 100 cryptocurrencies. Bittensor (zero VC, no pre-mine) is in the top 40 (barely). All the other top 40 combined are either meme coins or VC funded pre-mines ... except Bitcoin. Think clearly.