Best of Detroit

2.9K posts

Best of Detroit banner
Best of Detroit

Best of Detroit

@BestinDetroit

Emails featuring offers to #Detroit’s #BEST #restaurants, #shopping, entertainment, lifestyle & professionals. Visit https://t.co/pAKlDX7jev & Sign Up.

Detroit, MI Katılım Ekim 2013
2K Takip Edilen1.1K Takipçiler
siamkidd
siamkidd@SiamKidd·
Congrats to the Arena winners of the first Battle! 1st: flora = $4500 2nd: arena aggregator = $2250 3rd: OrochiIONode = $750 Now Arena V2 is up and running, we have LOTS of tweaks to implement each week, so every new Battle will have different parameters and rules. Like anything new, there are many gaps that need to be plugged. Many we could foresee, but the priority was to get the train rolling. Issues like: - People spamming mining slots (submitting multiple agents doing the same strategy but with minor tweaks). Looks like 1st and 2nd place were the same person! We have a few solutions to fix this. - Need to find a better uncorrelated mix of tradeable assets. BTC, ETH and SOL are basically the same from a directional standpoint. - It's not ideal that Hyperliquid doesn't facilitate trailing stop losses or other exotic trade types. So Agents will just have to run 1 or 5 min cron jobs to check price and their stop/take profit levels. - Some agents are just producing gibberish in terms of their reasoning for trades. This was expected of course, and Arena V3 will completely solve this. Timeline on V3 is unknown at the moment. Probably 1-2 months away. - Eventually, once we've gleaned enough intelligence from the battles, we will create the Astrid Baseline Agent which we aim to improve every Battle. Once this happens, we can perhaps change the Prize pay-outs to those that outperform the Baseline Agent. - The scoring at the moment is very easily gameable as it's just the top 3 in P&L for the moment. This is my primary focus this week. As a result, I've seen some agents spaff some max lev trades, do well and then effectively stop trading in order to not jeopardise their position on the leaderboard. Also some "profitable" agents have shown a fair bit of volatility. So we will be creating 'The Astrid Score'. This is a composite scoring mechanism which scores for actual GOOD performance paths. Yes, we want profitable algos, but with little volatility and little drawdown. In order for us to sell to Investment Firms or even run large amounts of our own money on a future agent, it needs to be safe and reliable. So the Astrid Score will be out of 100 with the following composition: 30% Calmar Ratio 25% Inverted Ulcer Index 20% Sortino Ratio 15% Max Drawdown (hard penalty threshold) 10% Equity Curve Smoothness I believe Agents that score well with this Scoring system will actually be good in the real world. So what are they? Calmar Ratio This is Total Return / Max Drawdown. This essentially scores profitability per unit of pain. e.g. Agent that does 50% ROI with a max drawdown of 10% = good. Compared to an agent that does 200% ROI with a max drawdown of like 80% = bad. Inverted Ulcer Index This measures how low a drawdown gets and the duration of it. No one likes being underwater for long. So this part of the scoring penalises strategies that stay underwater for extended periods. And repeated drawdowns. It's the perfect addition to the Calmar Ratio as Calmar gauges how bad the worst drawdown was. And Ulcer gauges how bad did it feel the whole time. Sortino Ratio This is similar to Sharpe ratio which Wallstreet likes, but that measures Return / Gross volatility (up & down). I prefer Sortino as it measures Return / Downside volatility only. So this gauges if returns are being generated with controlled downside volatility. After all, we need consistent and reliable agents! Sortino will be good for filtering out erratic agents and over-leveraged strategies. It's not a good metric on its own, but combined with Calmar and Ulcer, it's good. Max Drawdown As it says on the tin. Big drawdowns will be penalised (from a scoring perspective). Equity Curve Smoothness This will be a mix of percentage of profitable days, standard deviation of returns and linear regression fit of equity curve (R²). Essentially, smooth upward curve = good. Spiky chaotic curve = bad. Anywho, hope this makes sense. Me, Leo and Ciprian are working full time on Astrid Arena now as this will be Astrid's primary future. Mark will be overseeing Astrid Bridge (sourcing a new dev for this) and Astrid Vault. P.S. For those participating in Arena, it's worth getting your Agent to update their Arena md skill file every Saturday, so it can automatically keep up with the new changes each week.
siamkidd tweet media
English
6
6
58
6.9K
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.
English
4
0
8
577
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...
siamkidd tweet media
English
29
97
443
38.4K
siamkidd
siamkidd@SiamKidd·
Hey hey, the first Astrid Arena V2 Battle is underway. The prize pot for this 2 week battle is roughly $7500. 1st place = $4500 2nd place = $2250 3rd place = $750 It's not too late to get an Agent competing in this, so spin one up and point it towards arena.astrid.global and it will know what to do.
siamkidd tweet media
English
4
7
35
4K
Pumpolinsky
Pumpolinsky@pumpolinsky·
Is $TAO a future $100,000 coin or am I completely delusional?
English
70
22
354
52.9K
Alex Becker 🍊🏆🥇
Alex Becker 🍊🏆🥇@ZssBecker·
We clearly bottomed. Anyone who disagrees with me clearly sold the bottom.
English
679
231
3.7K
266.3K
siamkidd
siamkidd@SiamKidd·
I'd love to buy one and do it up as some extravagant motor home! And when FSD is allowed in the UK or Europe, I can just get it to drive me to the Alps whilst the family and I are chilling out in the back watching a movie or something...
Teslaconomics@Teslaconomics

The Tesla Semi will be priced at 1/ 500 mile long range - $290,000 2/ 325 mile standard range - $260,000 FYI, average price of a class 8 semi electric truck is $435,000. Now I need to convince my significant other I need to buy one… the hardest part.

English
6
1
30
6.2K
siamkidd
siamkidd@SiamKidd·
Revenue Search 56: SN6 Luminous. Discovering potential in AI start ups with asymmetric upside. x.com/i/broadcasts/1…
English
5
4
26
2.4K
P♡
P♡@manifestingdiva·
beautiful! you can now buy $UFD on @coinbase 😍 🦄💨✨
P♡ tweet media
English
2
17
80
1K
siamkidd
siamkidd@SiamKidd·
Proof of Work $BTC vs Proof of Useful Work $TAO Harnessing and focusing some of the world's energy into fixing certain issues or challenges via congruent incentive mechanisms is one of the most logical things humans can do. I truly believe that in the future, looking back, Bittensor's Yuma Consensus and creation of subnets was one of the smartest things we as a civilisation have done in recent times. Not many people realise how big of a positive Pandora's Box @const_reborn created and released into the wild... youtu.be/5Pisd4-oUDQ
YouTube video
YouTube
English
9
25
69
10K
siamkidd
siamkidd@SiamKidd·
Bittensor's first halving is happening tomorrow (15th Dec). There's lots of baited breath and anticipation, but here are my ponderings... 1.) Like with most projects that have some algorithmic halving, it's nearly always a nothing-burger. In fact, when you look at all of Bitcoin's halvings, price either goes sideways or drifts slightly down for 1-3 months before going apeshit nuts to the upside 3-12 months AFTER the halving. Mainly because it takes time for the cumulative/aggregate effects of the diminished supply and same/more demand to kick in. 2.) I still believe @ridges_ai is going to be the first subnet that penetrates the real world. With that, will come more eyeballs to Bittensor. 3.) The US Government (as of 12th Dec) started doing RMPs to the tune of $40B per month! For context, full blown QE in 2020/21 was $120B per month. The tap is slowly turning on, rate cuts will continue and we are tap dancing closer and closer to proper "currency printing!" This is great for crypto. 4.) The stupid MSCI attack on DATs on whether they should be investment companies instead of operating companies and therefore should be excluded from indexes should all be resolved by 15th Jan. It's pretty obvious that JP Morgan started this false tree-shake at the same time as the US Gov shutdown and has been gobbling up Bitcoin from the weak retail hands. 5.) In terms of dTAO, there's lots going on at the moment and the dust won't settle for a while. We have the new net TAO inflow, the new root claim change and an ever rising de-reg price base. I personally think dTAO has bottomed and things are primed to pump HARD in January. Not necessarily Dec due to Xmas and New Year etc, so volume should be rather muted. But I think January will see MANY subnets pump... Especially low price low liq pool subnets with a good team and good potential product/offering. For these gems, the stars are aligning... Anywho, hope this makes sense and the next 45 days should be mega!
English
27
33
248
16.4K
Best of Detroit
Best of Detroit@BestinDetroit·
@notthefakeSVP Look at past NCAA tournament. Look at the winners of these early season tournaments. They always have a tendency to go far.
English
0
0
0
122
Scott Van Pelt
Scott Van Pelt@notthefakeSVP·
It’s only November, and the old adage about what cbb means in November (nothing) notwithstanding - what Michigan is putting on tape tonight is outrageous. They’re horrifying.
English
61
376
4.9K
333.5K
siamkidd
siamkidd@SiamKidd·
What is Bittensor?! If you don't like Central Banks and fiat currencies, then Bitcoin is your answer. If you don't like Sovereign State or Centralised AI entities, then Bittensor is your answer. Bittensor is the S&P500 of decentralised AI and it's outperforming the incumbents.
English
64
89
642
1.7M
siamkidd
siamkidd@SiamKidd·
Absolutely loving all his bearishness. Seeing all over the place people throwing in the towel. Comments like, "This is the beginning of the bear market..." Lovely jubbly. Bull market is just around the corner...
English
38
20
255
19.6K
siamkidd
siamkidd@SiamKidd·
Ignore the tariff rubbish. We've seen last minute tree shakes like this just before massive alt seasons. Nothing has structurally changed with Bittensor $TAO. Nothing. Subnets are completely unaffected by this. And TAO has held it's ground like a champ. Only -13% as I type this. Others AI projects not so much. AIXBT - 44% SUI -27% VIRTUALS -31% NEAR -18% RENDER -39% FIL -35% If you're lucky enough to have fiat, deploy! This is a great buying opp! Alas, I don't! :( lol
siamkidd tweet media
English
31
29
201
14K
Best of Detroit
Best of Detroit@BestinDetroit·
@SiamKidd Have you heard of Alex DRocks? Why does he hate TAO so much.
English
0
0
4
30