Mark Jeffrey

Hash Rate - Ep. 163: Beam SN105 - Decentralized Bandwidth 🧙 Guest: @Nic_B1m of @b1m_ai (0:00) - Intro and Beam's Mission (1:18) - Beam's Technology and Incentives (4:57) - SOC and HIPPA Compliance (15:10) - Alphanomics (28:35) - Community Trust and Future Plans (41:08) - Agent Marketing: "Business to Claw" (50:06) - Final Thoughts and Connections

One piece of news from the Thorchain pod this morning: Thorchain is working on a Bittensor integration. This means that native Bitcoin (and other chains / assets) will be able to swap into native $TAO via DEX -- no centralized exchange required (!) $BTC in Bitcoin wallet --> $TAO in Bittensor wallet. One step. Big volumes, no problem.

We are making some changes on subnet 51. In order to have more sustainable economics, we are now auto burning 1412 owner subnet tokens every 24 hours. This is equivalent to $20,000 USD burn / day. first daily burn transaction: taomarketcap.com/extrinsics/789… on top of that, are are still buying and burning tokens with revenue from lium. We just completed a buyback and burn of $700,000. All of these funds came from revenue to the lium.io platform. buy transaction: taomarketcap.com/extrinsics/789… burn transaction: taomarketcap.com/extrinsics/789…

Chutes (SN64) is emerging as a top performer on the DePIN revenue leaderboard, delivering stronger real-world revenue than several higher-profile projects while maintaining a grounded valuation. A snapshot of the latest data: @chutes_ai (SN64) ▫️30-day annualized revenue: $5.13M ▫️ 24-hour revenue: $19.3k ▫️Market Cap: $125.5M Akash ▫️30-day annualized revenue: $979k ▫️ 24-hour revenue: $2.7k ▫️ Market Cap: $116.9M Render ▫️ 30-day annualized revenue: $1.9M ▫️ 24-hour revenue: $7.1k ▫️ Market Cap: $970M At a comparable market cap to Akash, Chutes generates over 5× higher 30-day revenue. Against Render, which trades at nearly 7× the valuation, Chutes still delivers stronger revenue output. This positions SN64 among the leading DePIN projects by actual income generation, not just valuation. The performance is supported by consistent real usage. Token processing volume on OpenRouter shows sustained demand for Chutes’ serverless AI compute. As the Bittensor ecosystem evolves, revenue and utility are increasingly becoming the primary signals of value. SN64 is a clear example of execution aligning with those metrics.

@Jason We need to get off this planet. Elon's right.

Current status… Mr AdersonMaxxing 😂😂😂

@KeithSingery @Nic_B1m Yeah it's pretty legit. Every box checks -- founder with decades of experience in exactly this market, simple powerful idea, NEEDS a subnet, track record of execution ... I dig it.

had a chance to fund this one and let it go. Whoops? Maybe. My impression of @Nic_B1m from our talks was a dude trying to genuinely go after a big opportunity and do it the best he and his team can through Bittensor.

@derekwall @amitisinvesting 🫡

@amitisinvesting go touch grass, life is short. buy when the markets crash *repeat until the day you die

so do we think we’ve bottomed or no all the weekend headlines just feel like escalation but monday morning, could easily see Trump just retract or delay his warnings again oil still ridiculously high…earnings season with bad guidance because of uncertainty wouldn’t be the best… maybe an April 9th 2.0 scenario? just so confusing to try to analyze the market not on fundamentals but on new headlines daily…

@sobczak_mariusz @CryptoZPunisher Yeah. No.

@CryptoZPunisher It’s bullshit, but if it brings people to our ecosystem I am fine, that being said I will never buy one

No… seriously? What is this supposed to be? You’re telling me people are paying in $TAO for this kind of stuff? I honestly thought it was a joke. On Bittensor, $TAO is a scarce resource. Spending it on things that likely won’t survive… that’s a choice. Personally, I’d rather allocate to subnets. That’s what I call an investment. But hey, your capital, your decisions.

@Hikikomori_Arc I might have helped :)

@markjeffrey Can’t help but think Mark Jeffey had something to do with this.

Yes this is big.

“Episode 11 of the Carrot and the Stick is live from TAO.com! Watch @Carrot_____1 and @KeithSinger discuss the attention on Bittensor, seeding subnet liquidity, and the future of validators.

@MichaelGatesESQ @Kiradavis Fraud reparations for all Californians. Thank you!

Not true. When I am Attorney General of California, I will aggressively prosecute and use the criminal justice system to locate the money, claw it back, and return it to the taxpayers. @Kiradavis

@Dat_Dude_Derek_ Yeah just found that out, thought this was still anon. Guess not.

@markjeffrey Same warrior Mark

Another warrior enters the arena

Speilberg's 'Disclosure Day' is about to be front-run by Actual Disclosure Day.

Bittensor obviously has flaws: -few issues with the incentive mechanism -overal subnet quality can be better -multi consensus could open up more use cases That being said, the quality is increasing at a rapid pace, many people from frontier labs and so on starting to build and compete, one of the few narratives in crypto that actually makes sense Show me another project in crypto with the same potential and development activity as bittensor

@fish_datura @KyleSamani @Jason @const_reborn Don't worry Fish, I'm not going to get in the way of Const doing it :) I'll pick up the sword if no one else will, but Const is clearly the prime choice.

@KyleSamani @Jason @markjeffrey have @const_reborn do it instead

I'm debating @Jason next week about TAO What is everything I need to know about TAO going into the debate? Give me the good, the bad, and the ugly please!

@gaintheory_ @beffjezos Own $TAO. (short answer).

@beffjezos @markjeffrey how do you own a piece of ai compute ? every option gets disrupted every year

You should aim to own a piece of AI compute instead of real estate.

Translation: I’ve identified where wealth exists, so I’m going to redefine taking it as “fairness.” No crime is being alleged. No rights violation is being corrected. The entire justification is that someone has more, therefore the state is entitled to it. Notice how “fair share” is never defined by principle, only by target. It’s not about equal rights under the law, it’s about unequal treatment justified by outcome. One group produces, another is politically selected to pay. And the quiet part: if this were actually about funding something effective, there’d be accountability for what’s already been taken. Instead, failure just becomes the argument for taking more. So it isn’t about justice. It’s about normalizing the idea that success is a liability and entitlement is a claim.

@KyleSamani @Jason Looks like @const_reborn is on it -- I'm not bad, but I'm not going to be better than Bittensor's cofounder. :)

@Jason @markjeffrey yea I'm coordinating with your team rn lol