Punk6839

Me looking at my @cryptopunks

@DAnconia_Crypto It would be a 1 in 10,000 chance

@WhaleEverything @bittensor_

What’s your top 1 crypto Project?

Introducing the DAWN Black Box Coming soon

@dorloechter Ffs … down we go! This is never good

It’s time for DePIN, Robotics, Machine DeFi, and the entire Machine Economy to go BIG.

@sjdedic Majority of your portfolio companies have done airdrops Some of your takes are painfully bad

Bullish on projects that don’t do airdrops because they treat their tokens like equity, not worthless loyalty points. Few understand this, but those that do will win all the bigger.

@James_M_BTC @naka I sold it all after seeing this DWF is known for laundering illegal money through its MM operations. I am sure there is some shady deal for exiting funds here

Who remember it on $naka 👌 After this mm was engaged, everything going bad. With all the liquidity they got since 1 year, maybe its time for this mm to launch naka highter and bring gaming season. Also all t1 was promised by @naka x.com/NakamotoGames/…

@simioape Would love to learn more about why you think this if you can DM ME

Bittensor not in a good spot bruhs. Starting to get ugly in the ecosystem ngl.

@ZoraWeb3 @here4impact Are you defining a miner as a subnet owner?

At the end of the day, you are just financially supporting a miner within this decentralized network. In other words, you are contributing to the network itself by providing the means for the miner to sustain its activity for longer until they achieve PMF and bring real value to the world

Will VCs destroy the decentralized nature of Bittensor? 🌐 @here4impact raised this today and I think it’s a great topic and worth addressing head-on. TL;DR -> No, VCs won’t compromise the ethos of decentralization. Bittensor is decentralized not because of who builds on it, but because of how it’s structured. Anyone can mine, no entity owns it, and $TAO was launched without VC funding. That’s foundational. But we need to separate the network from the subnets (SNs). If Bittensor itself raised VC money as an infra project, then sure, that would undermine the base layer of decentralization. But a SN raising capital IMO is just a team finding fuel to run longer. It doesn’t threaten the network. If anything, it can actually extend its reach. VC-backed SNs might carry internal centralization, yes, but SNs compete on performance. They rise or fall based on value. Emissions don’t care who funds you. The system is meritocratic. In fact, more VC-backed SNs could strengthen Bittensor as a whole, bringing capital, talent, and real-world application. I’d rather see 100 capitalized SNs delivering value than 1,000 underfunded ones dying quietly with no PMF (look at SN47 today - a responsible shutdown, but a reminder of the fragility of bootstrapped projects). I believe this fear comes from how early we still are. But Bittensor’s core isn’t fragile. It’s open, permissionless and adaptive. Anyone can launch a subnet and no one can gatekeep participation. VCs funding SNs doesn’t dilute decentralization, it just expresses it. Some SNs will be corporate, others will be bootstrapped, many will fail and a few (which will still be many) will define the future of machine intelligence. That diversity is exactly what decentralization looks like in practice. The protocol doesn’t care how you show up, only that you bring value. Tagging a few minds I deeply respect who understand this network far better than I do: @markjeffrey @JosephJacks_ @BarrySilbert @DreadBong0 @maxscore. Curious to hear your thoughts.

@SiamKidd @SiamKidd so is this then incorrect? As you are saying you see the actual notional value of Alpha tokens you hold growing ?

@SiamKidd Interesting I went through the dTAO paper with ChatGPT and it did not clarify that. So Alpha for each subnet is emitted proportionally based on how much Alpha you hold? I assume the yield moves based on if more Alpha is minted/burned as people stake/unstake?

Was thinking that I'm very short term minded at the moment (full focus for nailing 2025), but every now and then, I pick my head up to breathe and do some longer term forecasting. So here's an interesting thought. Let's say you bought $10k worth of solid subnets for a set and forget pot. If you HODLed and rode the bear market down and up...what might the value be after 36 months? Of course there are dozens of variables which we have to assume with a strong pessimistic leaning... Assuming $10k = 27 TAO. And you pick a bunch of solid subnets with a good product and team and the average subnet price is 0.1t. Cool, you now have 270 alpha. Assuming a new subnet every 2 days, there should be about 640 subnets after 36 months (there's already 100). Over that period, the sum of subnets is likely to increase. Right now the average subnet price is 0.02t. (average of 2 sum of all subnets / 100 subnets). Again, it's VERY hard to forecast the average price of your bunch of subnets in 36 months. But let's just say your pot of subnets CRASH in price by 400% from 0.1t to 0.02t. Simply because there are 640 subnets and dozens of them will no doubt be nailing it. But you will most likely make an AVERAGE of 150%+ yield as the alpha emission yield is likely to stay elevated until an alpha has their first halving. So after 12 months your alpha grows from 270 to 675, then 1687 then 4218. Not bad, even though your subnet has crashed in price from 0.1 to 0.02t. I'm also ignoring the incredibly bullish scenario when an alpha has its own halving in 2 and a bit years. The amount of TAO being injected into the liquidity pool each block stays the same, but the amount of alpha HALVES! So this will be akin to constant algorithmic buy side! So your investment is now worth (4218 alpha x 0.02) = 84.36 TAO. Not bad, as you started with 27. But how much is TAO worth in 36 months? Well it's most likely $0 or a $metric shit ton. If it's not $0, it's going to be at least $20k. So $20k x 84.36 = $1.687m. 168X. Not too shabby for a subnet pot that crashed in price by 400%! BUT, if your alpha pot STAYS the same price in 3 years and TAO is $20k then it's (4218 x 0.1) = 421.8 TAO x $20k = $8.436m At first glance, you're probably thinking I'm on crack or something, but we've had 15 years of crypto continuously showing us how many millionaires and billionaires it makes. All it takes is a bit of conviction over a suitable epoch. So is it worth engaging in this longer term play with a 3-5 year conviction? Hell yes it is. The Risk to Reward ratio deems it a must. Even if my thought-scenario is plus or minus 200%! We are so early... I'm at Token 2049 at the moment and I've been in several 'AI' meetings and I've met ONE person who's heard of Bittensor! Ridiculous! Of course, I'm personally doing a much different strategy for my Hedge Fund and PE Firm, as I'm trying to maximise returns over the next 6-9 months, but if you fancy a set and forget pot, it's worth a punt!

@blorkworks Stable is seeded by @bitfinex

what they haven’t announced yet is stable (a tether based L1 that’s a copycat of plasma off of a pivot) And Tectonic (a “quantum resistant blockchain”) Brought to you by the hack vc ™ token factory

@OnlyDeFiGuy @ZaizDefiant The fact @0xCrane got paid by the treasury to do tokenomics deep dives is perhaps the biggest waste of treasury money we have seen. Including what @bitfalls recieved

The amount of time, I spent hours trying to explain to chaos DAO leadership, who are all hydraDX council members, that in all crypto ecosystems/ economies more applications or exchanges equals a net greater volume, activity and users. I.e 1+1=3 They never bought it, I guess from Cranes perspective if he’s on the council of one app, then why would he even bother adding anything positive to litterally anything else. What I never understood is why shit on everyone else along the way? That’s how we got the marketing bounty posting so many ads hydraDX but nothing else. He’s on the marketing bounty. I’ve been in crypto 10 years, the most insufferable person i’ve ever met in the industry was Crane.

Boy do I have a story for you. I was invited to be part of ChaosDAO a while back but was kicked out bcos I stood up to shit-talkers (@0xCrane) that threw shade on StellaSwap. Like literal random shit slinging that we didn’t even know what we did to receive such toxicity. School-kid mentality at its best. Offered to physically square up with bro to settle our differences but as expected, bro pussied out. Expected from keyboard warriors.

I think this guy is on his downside spiral

@scytaledigital have absolutely no idea what they are doing Their only successful investments are from @gavofyork ‘s hand outs

@santiagoroel @token2049 Mid curve

Invert inshallah See you @token2049 Dubai

@KryptoHex Only 1 person a day can buy my feces and yet they still choose not to ….

Do you have 1M HEX? Only ~229 more people in the world 🗺️ will be able to buy 1 million HEX each. Let that sink in.

@pambamdam @0xBalloonLover @paritytech ?

@0xBalloonLover the bestest foundations’ founders use their foundation’s market maker relationships, asymmetric information on flows, and control over the float to directly to dump their personal holdings on retail traders

most foundations in crypto just sell the token and find a way to siphon the cash to the founders the best foundations use their market maker relationships, asymmetric information on flows, and control over the float to directly pick off retail traders on their own token

@mdudas There is a strong correlation in the rise of bankless and the demise of ETH. No coincidence