RJ

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RJ

RJ

@BaznoCap

crypτo x AI research

Katılım Aralık 2020
2K Takip Edilen924 Takipçiler
RJ
RJ@BaznoCap·
@DAnconia_Crypto Important chart. Supply overhang being converted to new holder entries.
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EV3 Sal
EV3 Sal@DAnconia_Crypto·
polychain down to sub 200k TAO...
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RJ
RJ@BaznoCap·
You've totally dismantled the bull case for TAO by arguing: (1) subnets are not $20M+ businesses today. Invest based on what you see in the market today, not where the market is headed. (2) TAO emissions are ~same as BTC. This is the most studied token emission structure in crypto. Fade it.
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doc🃏
doc🃏@jkrdoc·
1/ Everyone’s talking Bittensor / $TAO. Almost nobody is modeling it correctly. Let’s strip it down to on-chain reality + cash flow math — not narratives. 👇
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kel.
kel.@kelxyz_·
100% of non-Tao native, non @AustinBarack liquid funds have allocated 0 to templar or even just tao source: they’re not shilling it publicly
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RJ
RJ@BaznoCap·
@jvb_xyz Ser this subnet's UNI v2 liquidity pool has $82M in it. The market cap is $123M. How much more liquidity : mcap can you want?
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RJ
RJ@BaznoCap·
The best part is that as the underlying protocol token, TAO is index exposure to a slew of decentralized AI narratives. Massive upside and still hedged across wherever AI might take us. Subnets specialize in decentralized training, compute marketplaces, agentic data streams, prediction modeling, drone software, and much more.
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Andy
Andy@andyyy·
These $TAO bulls are absolutely coming out of the woodwork and really putting on a narrative clinic. So far, I can't tell if I buy it yet but I'll tell you the two things I'm liking about it: 1. Its tough to get exposure to AI upside right now without a crazy connection, capital scale, or lucky opportunity. All the major company valuations have ballooned into the $10-100B+ range. There's no decentralized AI 'bet' right now. 2. The idea behind decentralized AI is meaningful and impactful. We don't want the world's intelligence in the hands of OpenAI, Anthropic, Elon, and a few others. It must be more distributed. It must be. Something to be said about fulfilling both these two things for investors at the same time with Bittensor.
The Rollup@therollupco

Rob Greer thinks Bittensor is a way better opportunity than expensive, corporate AI rounds. “I actually think that people are going to be buying the TAO is the Bitcoin of AI. That’s the narrative”

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RJ
RJ@BaznoCap·
@JesusMartinez some chop and flip-flopping as everyone digests there is a new king...and then another leg up for templar
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Jesus Martinez
Jesus Martinez@JesusMartinez·
Templar has flipped Chutes to become the largest subnet on Bittensor I just find it really hard to believe $100M is the peak here for subnets, considering we have AI projects worth $500M+ that don't do anything near what some subnets have already done
Jesus Martinez tweet media
Jesus Martinez@JesusMartinez

It should be abundantly obvious at this point that Templar will become the largest subnet on Bittensor If everyone holding TAO understood how staking worked this coin would already be at $1 billion

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RJ
RJ@BaznoCap·
The TAO rally will be extremely hated. Many are offsides. Gotta love it.
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RJ@BaznoCap·
The market says templar is 6% of all subnet value right now (= .081T templar token price / 1.36T sum of all subnet prices). That feels very mispriced on one or maybe both sides of the ratio. Blue chip subnets can go higher than you think, and they will. They will hold an outsized share of all subnet value. Short term traders play the in-and-out game on the subnet du jour, but when push comes to shove and TAO value goes up, they will sell out to protect their precious TAO. The subnet that will win 20%+ share is the one that drives new TAO inflows. Investors buying TAO only to access the precious subnet token.
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RJ
RJ@BaznoCap·
Do you understand the importance of Bittensor's enshrined DEX anon? Subnet tokens are only accessible through TAO. Templar had 34k TAO ($10M) of buy pressure this week that sent the chart parabolic. But any new outside capital had to go through TAO first because it's the only currency pairing for the subnet. The result is beautiful mirror image charts. This week the catalyst was templar's decentralized model training run. But there are 128 subnets all using Bittensor's protocol incentives to build across compute, model training, RL, and agents. Each subnet's breakthrough will send TAO reflexively higher.
RJ tweet mediaRJ tweet media
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RJ
RJ@BaznoCap·
This kind of virality will send sn3 to #1 rank with haste (.09) Probably worth it to push a stack of dTAO chips on and not overthink. Rare to get a subnet trade with real liquidity.
templar@tplr_ai

We just completed the largest decentralised LLM pre-training run in history: Covenant-72B. Permissionless, on Bittensor subnet 3. 72B parameters. ~1.1T tokens. Commodity internet. No centralized cluster. No whitelist. Anyone with GPUs could join or leave freely. 1/n

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