Max

@decodejar 100% miner emissions burn is the ONLY FAIR way pre-launch. Put @blockmachine_io whitepaper into Claude. Mine says it's a second hippius brewing. And they're about to launch. And @mogmachine will NOT rug. DYOR: x.com/blockmachine_i…

I had a good run on Covenant AI's extremely well-performing Bittensor subnets, in particular SN3 Templar, which even got the attention of Nvidia. However, this recent announcement furthers my ongoing scepticism that any subnet token should be held long term, and that they are akin to gambling on shitcoins. I've been quite clear about this in my posts. Your investment should be in the network overall, not on individual subnets that can succeed or fail. Since exiting all subnets a few weeks ago, I decided that I would no longer stake into subnets where on-chain metrics show 100% incentive burn or 0% emissions, and have been much more careful with where I allocate stake. I was fortunate to not re-enter anything from Covenant due to my decision around these metrics, and am currently only 20% in subnets overall. That said, there is likely some opportunity being created here for additional small percentage stakes in carefully chosen subnets. Regarding this statement from Covenant, there are questions in my mind about the motives for exiting in this manner, rugging all of their holders, although we can be sure there are more nuanced reasons and discussions taking place. We will just have to wait and see, but losing these high-profile subnets is definitely a significant blow to the ecosystem. I have always had some reservations around the governance structure of the Bittensor network, and I think the Triumvirate must eventually be phased out so that any developer can submit structural proposals without the foundation's blessing. However, I am optimistic that these are likely still just growing pains, and perhaps we need to see more events like this to force the foundation's hand, and help drive the network to a more decentralised place. Going back to my core point though, don't go all-in on subnets. They are businesses that may live or die, and by the time you find out what is happening, it will be too late. I will be eyeing the charts carefully for further opportunity off the back of this recent drama. Be careful with your $TAO.

@Osemka8 Templar had a lot of coverage in the news recently after they trained 72b model. Obviously, someone made an offer they can't refuse and the guy thought why build on bittensor, if i'm offered independence. An interesting case of separation, by the way...

[ $TAO ] To not keep this only for subscribers, as I'm sure lots are uneasy, I'll say that this structure now looks much better than it did before. We've missed the weekly demand zone with A wave and there was an abnormal sell volume like 2 days ago as the price was chopping in B wave. Now we've hit: - 200 EMA 4H - weekly demand - lower part of the channel ... in a perfect local ABC with some FUD on C leg. I remain of the opinion that one impulse is missing. To at least $440 is what I'd say atm. Also went for a long here. Let's see if TA > FUD

@dayerguy From now on: Mog's subnets only.

to the $tao community: chill. one subnet owner crashed out. we still got many other teams cooking. you know someone is going to pickup this subnet idea and make it better. wealth is created by buying when others are fearful.

@Old_Samster From now on - Mog's subnets ONLY. Fuck the rest.

Unfiltered, and while it could be a rumor, I'm laughing at the idea of someone rugging all their investors and thinking thy're going to be successful launching a competing network That's not even taking into account how long it takes to design a new network, bootstrapping liquidity, building community, getting listed on exchanges, and attracting miners. By then, we'll have a 1T model trained on bittensor

@markjeffrey From now on: ONLY Mog's subnets. The rest are pure casino.

Bittensor is a quite a LOT more than Subnet 3, and $TAO will carry on fine without it. It's unfortunate that the founder chose this path. There are 125 other subnets -- plus three new slots that just freed up.

@gavinzaentz @mogmachine @taostats @proofoftalk Sorry, "Louvre inspired":

@gavinzaentz @mogmachine @taostats @proofoftalk

Designing @taostats merch for @proofoftalk and I want it to not suck. No generic crypto hoodies. No "to the moon" nonsense. What's the best conference swag you've ever actually kept and worn? Not the free stuff you took... the stuff you chose to wear again. Genuinely want ideas. Building something for the Taostats/Bittensor community. $TAO

@her6616293 @mogmachine @taostats @proofoftalk @blockmachine_io

@muststopmax @mogmachine @taostats @proofoftalk @blockmachine_io put this on middle on the back and front left only a small “taostats .io” and we have a deal 😉🤝✌️

@mogmachine @taostats @proofoftalk @blockmachine_io Hoodies:

@mogmachine @taostats @proofoftalk Inspired by @blockmachine_io x.com/i/status/20295…

@Osemka8 Funding?

Lines the bulls and the bears have drawn to come to the same conclusion that the price is going to accept lower or much lower from here. But there's one big difference between these two situations. Anyone?

@TAOTemplar The question is whether @blockmachine_io is going to do better in terms of emissions. Miner earns 100 alpha → might sell it (sell pressure) Protocol simultaneously buys 100 alpha on market → puts in PSR (buy pressure) Net effect = zero. Sell is absorbed by the protocol's buy.

This is a correct way to think about miner emissions. Hippius being conscientious about miner emissions causes less sell-pressure. As more subnets do this, TAO becomes harder to get, more difficult to mine. Which is a good thing for TAO- attracting more talent.