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bloomberg_seth
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I've been waiting for Bittensor EVM
DeFi
activity/building to take off, feels like we've hit the inflection point now.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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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.
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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.
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Need the ability to collateralize an onchain loan against a prompt I've engineered.
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