bloomberg_seth
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The current choice for TAO holders is to go full risk-on by swapping into Alpha tokens or stay completely risk-off by staking to root.
Root stakers and TAO holders need something to do with their TAO that's lower risk than Alpha tokens and has higher upside than root APY.
Root stakers and TAO holders need something to do with their TAO that's lower risk than Alpha tokens and has higher upside than root APY.
One of the most useful things I've found to help newcomers to Bittensor work through its complexities is to have them just go look into the @404gen_ subnet run by Ben James @6329.
It's one of the most interesting (3D model creation using AI) and clearest examples of a well-functioning and powerful subnet.
404-GEN miners have to stay on top of frontier 3D model generation research. The highly competitive nature of mining on a subnet provides the right incentive structure to ensure these miners are quick to implement new models/techniques. This is a wildly different incentive model than a traditional company. Backend engineers won't lose their job if they get a bit complacent, are lax about keeping up with research, or take some weekends off. It's okay to be "good enough" in that world. As a miner, this attitude is what leads to you losing edge and ultimately getting booted out of a subnet.
If new research drops showing a better way to use AI to create 3D models, a miner will have it implemented on 404-GEN within a day or even hours. And if they don't, another miner will. The mining game is zero sum, eat or be eaten. It honestly sounds brutal to be a miner, but they are heavily compensated. Right now, $40K/day is up for grabs for miners, over $1M+ every month.
The products and applications Ben and his team build on top of the subnet reap the rewards of the collective intelligence of the miner set. It's a continuous, Darwinian-like cycle that enables them to leverage the very best tech within their products.
It's just such a fascinating way to structure a value chain and really push people to their max potential.
I've ranted enough, I'll put some links in the next tweet so you can go explore.
It's one of the most interesting (3D model creation using AI) and clearest examples of a well-functioning and powerful subnet.
404-GEN miners have to stay on top of frontier 3D model generation research. The highly competitive nature of mining on a subnet provides the right incentive structure to ensure these miners are quick to implement new models/techniques. This is a wildly different incentive model than a traditional company. Backend engineers won't lose their job if they get a bit complacent, are lax about keeping up with research, or take some weekends off. It's okay to be "good enough" in that world. As a miner, this attitude is what leads to you losing edge and ultimately getting booted out of a subnet.
If new research drops showing a better way to use AI to create 3D models, a miner will have it implemented on 404-GEN within a day or even hours. And if they don't, another miner will. The mining game is zero sum, eat or be eaten. It honestly sounds brutal to be a miner, but they are heavily compensated. Right now, $40K/day is up for grabs for miners, over $1M+ every month.
The products and applications Ben and his team build on top of the subnet reap the rewards of the collective intelligence of the miner set. It's a continuous, Darwinian-like cycle that enables them to leverage the very best tech within their products.
It's just such a fascinating way to structure a value chain and really push people to their max potential.
I've ranted enough, I'll put some links in the next tweet so you can go explore.
Need the ability to collateralize an onchain loan against a prompt I've engineered.
I've been waiting for Bittensor EVM DeFi activity/building to take off, feels like we've hit the inflection point now.
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