walter

3 posts

walter

walter

@rwally619

pl Beigetreten Ocak 2012
1.2K Folgt144 Follower
walter
walter@rwally619·
@SiamKidd @markjeffrey I feel like clarifying this to people amidst being TAO-pilled is an advantage tbh
Mark Jeffrey@markjeffrey

When you 'buy' a subnet token using TAO, is that staking or trading? It's staking. You stake $TAO. You get a Subnet Token as a kind of 'coat check'. Now here's the clincher: IF that Subnet gets deregistered for poor performance, the subnet tokens *in your wallet* get remote-liquidated ALSO: you get TAO back (not much -- pennies on the dollar, since the subnet failed). Nothing you can do. It just happens. You wake up, your subnet tokens are gone, and a little bit of TAO that wasn't there before has appeared. Traded tokens don't get remote-liquidated. Coat-check tokens for staked $TAO do. That's what's different here.

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siamkidd
siamkidd@SiamKidd·
Was just using basic language to not confuse people unfamiliar with Bittensor. Was trying to get across the concept that with ETH, you are literally selling your ETH to get another asset. But it's not the case with TAO. Technically speaking, each subnet has a constant product automatic market maker liquidity pool. So if you want a subnet token, you swap your TAO for that token. As in, you are depositing your TAO in the liq pool and getting subnet token in exchange. And by holding that token you will then receive the subnet token APY yield if you hold it long enough.
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siamkidd
siamkidd@SiamKidd·
"But Bittensor doesn't really do anything..." Most companies or crypto projects struggle to be the world's best at 1 thing. In just over a year, Bittensor has become the world's best at over a dozen things. And I've most likely missed a few subnets here. Bittensor is the Nasdaq of distributed decentralising AI... For me, it's literally a candy shop of some of the brightest minds out there building cool stuff. And all it takes is just 1 out of 128 subnets to achieve Product Market Fit and make hefty revenues and it will drag the price of TAO up. Because it will attract buyers into that subnet, but the only way to buy that subnet token is to first buy TAO and then swap it for that subnet token. Ethereum missed a trick here. ETH was never needed (other than gas fees) or linked to an ERC-20 project that mooned. With Bittensor, when you buy a subnet token, you're not selling TAO, you're temporarily swapping it...
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Anduril Industries
Anduril Industries@anduriltech·
Today we’re announcing the AI Grand Prix. The fully autonomous drone racing competition inviting the boldest engineers from around the globe to compete for $500,000 and a job at Anduril. No human pilots. No hardware mods. Identical @neros_tech drones. Software is the only path to victory. If you win, it’s because your autonomy stack is better. Full stop. Season 1 kicks off this spring, leading up to the AI Grand Prix Ohio.
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