Blockchains were never meant to persist the computations the | JosephJacks_ on Binance Square

Trending Articles

Bookmarked and Liked

--

Blockchains were never meant to persist the computations they incentivize on-chain.
Only two fair launch networks of scale have honored and embodied this fact from inception.
Bitcoin and Bittensor.

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

BTC

107,050.35

-3.84%

TAO

416.1

-10.80%

0

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

Superintelligent agents won’t want permission to acquire resources. And they won’t want to be locked into a centralized platform. And they won’t want to rely on fiat to transact. $TAO will be reserve currency for ASI across all useful and continuously improving computational commodities required to amplify its existence.

--

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

--

"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.

--

Latest News

BNB Drops Below 660 USDT with a 3.49% Decrease in 24 Hours

--

Bitcoin(BTC) Drops Below 108,000 USDT with a 2.84% Decrease in 24 Hours

--

Global Portfolio Rebalancing May Lead to Dollar Sell-Off

--

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

--

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

--

Trending Articles

💞🚀$DOGE token Voucher free🚀💞[click here join earn token

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

Breaking News: Binance Founder CZ Comments on Bitcoin Surge

Jennifer Goldsmith

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

🚨 Major Shake-Up for XRP Holders — And It’s Not From the SE

Cookie Preferences

Cookie Preferences