Incentivized Intelligence

@TaikiMaeda2 Also I was shilling it on every other steady lads YouTube livestream hahaha

@TaikiMaeda2 Bitcoin but the compute power of the network is directed to the creation of useful digital commodities

can someone $TAO pill me

@nickfrosst When VC's invested in early stage Cohere, they gambled as well :) Was that cringe?

gambling is cringe. calling it sports math doesn't change that.

@number12coffee @zacodil Ya he's very open about it. I like the approach because it means Bittensor is adaptable to the moment. If a new digital commodity pops up, Bittensor will allow anyone in the world to open a subnet and find out how to create a decentralized way to produce it openly.

@zacodil @IncentiveIntel It's no secret, founder (const) has always said Bittensor is an incentive mechanism and anything can be built on top of it. Not only AI.

Show me one Bittensor "achievement" that works without $TAO inflation subsidy. I went through them. Here's what I found: 1. Chutes "85% cheaper than AWS" - Miners subsidize compute in exchange for TAO emissions. Not architectural efficiency. In February 2026 Chutes killed the free tier because specific users were consuming 100-324x their subscription value. Surprising when the subsidy ends. 2. Chutes "privacy and censorship resistance" - Miners receive your raw request in plaintext on their hardware. They can log everything. TEE is "in development." For any real enterprise use case this is a blocker, not a feature. Censorship-resistance is for people who can't pass KYC, not for B2B. 3. Chutes "adversarial validation" - Multiple miners cross-check each other's outputs. Sounds robust. In practice it's latency overhead on top of already slow decentralized routing. Fireworks delivers 0.17s TTFT. Chutes doesn't publish theirs. 4. Covenant-72B "first decentralized large model" - Underperforms LLaMA-2 on most benchmarks. LLaMA-2 came out nearly 3 years ago. LLaMA-3.3 70B was trained on 15T tokens, Covenant on 1.1T. Technically interesting experiment with SparseLoCo. Calling it a competitive product is dishonest. 5. Ridges "beat Claude on SWE-bench" - Not on the official swebench leaderboard. All numbers are self-reported by the team selling the SN62 subnet token. For context: open-source Live-SWE-agent on top of Claude Opus 4.5 scores 79.2% on Verified - one repo, one week of engineering, no blockchain. 6. Ridges "4% to 41% in one week breakthrough" - They started from zero with no proper prompting or scaffold. Decentralization didn't improve the model. They just correctly configured an agent framework on top of DeepSeek. Any ML engineer reproduces this in a few days. 7. Ridges "winner-takes-all competition" - Agents use DeepSeek and Llama through Chutes. Subnet 64 subsidy feeds Subnet 62 subsidy. One inflation finances another. The narrative calls this composability. The reality is circular subsidy. 8. Ridges benchmark overfitting - The team themselves admitted: when they added Polyglot alongside SWE-bench, score dropped from 88% to 17-18%. Recovered to 41% within weeks. Classic benchmark overfitting, not real agent improvement. Exactly why they're absent from official leaderboards. 9. Subnet validation problem - For code you can run tests. For the other 120+ subnets (text, analysis, predictions) - validators vote subjectively. This opens the door to validator collusion and score gaming. The core unsolved problem of the protocol that nobody talks about. 10. 2024 security breach - Real wallet exploit through vulnerability in Python package v6.12.2. Network went into safe-mode, transactions frozen. For "trustless permissionless infrastructure" - instructive. The only honest Bittensor thesis: token subsidy aggregates distributed GPUs cheaper than building a datacenter. Interesting bet that this advantage survives as emissions decline. Unproven so far. I'm explicitly not looking at price - I don't care if $TAO is $100 or $500. I'm asking about the product. But judging by the thousands of people tweeting about Bittensor right now - most of them are looking at exactly the price.

@EricDLombardi From 2000 to 2026 that is an inflation adjusted increase of 0.685% per year compounded over 26 years. That's not horrible! But maybe you're right, I shouldn't be okay with the bare minimum and comparing to our situation in Canada hahaha.

@IncentiveIntel The housing inflation that occurred has left the price/income in Ireland effectively double what it was in 2000. Hardly comforting.

When it comes to Ontario’s housing market, what I fear is not a collapse but the experience of Ireland. After a housing bubble popped in 2008, prices declined dramatically. But the government didn’t really change some of the core problems in planning and development. It led to a collapse in the homebuilding sector. When demand returned, the industry the existed before was a shell of itself. Workers and businesses moved on. And very quickly, prices bounced back because of a supply shortage. Now Ireland finds itself in a harder crisis than before, very low rental vacancy, and a construction sector that can’t move forward fast enough. Since 2015, rents and prices have already doubled again, with very little relief in sight. While this chart goes until 2023, even recent reporting there has been bleak. We are very much at risk of making the same mistakes in Toronto/Ontario. This is very poorly understood by most political leaders today. irishtimes.com/business/2025/…

@HanifBayat @globeandmail A subprime lender's stock dropped over 60 percent yesterday, you can't convince me there isn't some structural pain in certain parts of the mortgage markets.

My piece today in @globeandmail: “The wave of missed mortgage payments that never came.” 🇨🇦 Mortgage arrears remain very low: 0.22% (≈1 in 450 borrowers) are 90+ days behind. Why? • Mortgage stress test • Full-recourse mortgages Arrears are rising in Ontario, stable in B.C. and Quebec, and declining in Alberta. ------------------------ Provided by WOWA.ca Simply Know Your Options🔍

@sterlingcrispin This might interest you, a similar product built on an open agent competition, where the price is 29 dollars a month for 100 PR's. If theory the agents keep improving, but maybe the price doesn't? x.com/i/status/20263…

Also this is such a funny misalignment of incentives. The more bugs Claude writes, to fix, the more they make Obviously these things produce more value than they’re charging us, we get more hooked, the prices will go up. And they’ve talked about profit share for some industry

$25 per PR review The frog is starting to boil

@mattmurley19 If you have elite hand eye coordination as a little league, you best believe Taiwan is kindly asking you to head to the chip fabrication facility.

How can Chinese Taipei be so good at Little League, but this bad at pro baseball?

@acousticprotest @flowersslop @beffjezos Thiel or Andreessen, with a slight advantage to Andreesen imo.

@flowersslop @beffjezos I'm starting to think Beff is just a thiel funded pr agent at this point. maybe it's an AI run account lol

Let's be real if the Dems had won OpenAI and Anthropic would have already been nationalized into a surveillance panopticon for them to stay in power forever

@hyperonline @jnconkle EU + Canada

@jnconkle If this stands, it will absolutely end them. They get all their compute from aws Google etc I’m not sure how it’s possible to replace the amount of compute they need without dealing with US govt contractors I think very good chance it doesn’t stand, tho

“Effective immediately, no contractor, supplier, or partner that does business with the United States military may conduct any commercial activity with Anthropic.” Does this not just instantly nuke Anthropic?? This whole thing seemed totally avoidable Like that thing from college bars where one guy accidentally bumps into another, and it should be a totally minor issue they just brush off But they don’t, because they’re drunk college guys. So they start a fight that somehow turns into a 40-person brawl with three people stabbed, and the whole bar is on fire now And everyone watching is just like “why did any of this even happen”

@CossackSas39822 @CTVNews You can make it happen bro. Leave.

@CTVNews I want to see negative growth.

Canada expected to see zero population growth this year: report ctvnews.ca/politics/artic…

@GreenBeltTory Canadian Rudy Giuliani arc

The Mammoliti lore is insane, btw. He was a Dipper backbencher in the Rae Government, became a city councillor, tried to run for Mayor of both Toronto and Wasaga Beach, tried to run for a provincial seat as a Tory in 2018, and then ran federally as a PPC candidate last year.

@NateSilver538 You politisized canadian hockey yesterday, I agree it was super annoying.

One thing the normies are right about is that there's such a thing as "politicizing everything" and the people who do it are super annoying.

@NateSilver538 Even the intelectual left leaning people are dunking on Canada :( I never thought this would be the cultural legacy of Donald Trump but here we are!

We beat em in hockey and now Canada is literally falling apart geez. Not going to be any easier next time when Makar is playing for Team Alberta.

@melkuo Agree with most of this except "labour shortages". Coming out of Covid, workers rightfully demanded higher wages due to inflation and increase in cost of living. It was a labour shortage at wages supplied, the correct response would have been to allow the market to fix itself.

The international student crisis went something like this: * Province froze domestic tuition rates in 2018 * Schools had to rely on international students to make up the shortfall * Coming out of the pandemic, fast-food businesses and the like faced labour shortages as no one wanted to work (CERB probably didn't help). That is, except for international students, who faced expensive tuitions. * The feds historically never had a limit on how many student visas it issued but it did limit international students to only be able to work 20 hours a week. Under pressure from businesses, they lifted the cap so international students could work full time hours. * International students were basically promised an easy way to entry. Sign up for some does-not-matter 2-year college program. You can work full-time to pay your way through it. You can apply for your PR after. * Certain colleges saw this uncapped demand and started admitting international students en masse. * Queue crisis Colleges, businesses, and the feds have rightfully taken much of the blame for this. But we completely ignored the province's part in all of this. I am glad that the province is finally taking some action to correct its mistakes.

@ArfinNathaniel In many cases. Why would a company pay a salary to a new developer, when they can get GPT or Claude to do the same task at a fraction of the price, with the understanding that AI will likely improve faster than a junior dev

@ArfinNathaniel You're right about how they altered the world, but I think those have one key difference. They all allowed humans to be trained higher up the abstraction/intelligence ladder. But AI is different because it's able to do those higher abstraction intelligence tasks better than us

As ever, the productivity gains from new technology do not lead to less work. We have seen this time and time again.

@ArfinNathaniel And you can't heuristics for old technologies to explain AI. It is fundamentally different because it can replace cognitive tasks unlike any other. We shouldn't downplay it, we should prepare for a world that will change dramatically in the next 10 years.

@ArfinNathaniel I think it's unwise to make these statements about work at large. If seniors and experienced workers in tech can get more done at a higher productivity, there may be less incentive to hire young workers and invest in their training.