Dayer

Tao has the exact same thesis as Bitcoin but for intelligence instead of money. Once you see it, you can't unsee it.

@shibshib89 @bittensor well put

Covenant leaving doesn’t weaken @bittensor, it demonstrates exactly why the network matters. Bittensor isn’t any single team or subnet. It’s an open system. The code is public, the incentives are aligned, and the work continues; with or without any one group. Within hours, the project was already moving forward. That’s resiliency. That’s antifragility. Covenant is one subnet. There are 100+ others building, experimenting, and pushing the network forward. More will break out. That’s the design. Zoom out. The signal here isn’t disruption, it’s proof. Keep building.

@MattDevin6 @trenchmaxi Network effects apply to the ecosystem, not the individual participants. Bitcoin's network effect is dominant precisely because the miners are replaceable mercenaries. The protocol outlasts the people.

@dayerguy @trenchmaxi Network effect means you have some level of social stickiness and competitors can’t easily replicate your human capital. To say they are replaceable is the opposite of network effects.

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.

@MattDevin6 @trenchmaxi miners are definitely mercs. some may leave. others will replace them. network effects.

@dayerguy @trenchmaxi So the question is if, it dangles a lot of money elsewhere, why wouldn’t miners come? Miners are the most merc communities out there in crypto. They just follow where the buck goes.

@MattDevin6 @trenchmaxi The moat is the network effect. You can copy the code, but you can’t copy the compute power, convincing miners to mine your subnet, or the distribution overnight.

@dayerguy @trenchmaxi You are literally saying funding these things has no moat and you are bragging about it. It is literally crazy how you guys brainwash ppl to donate their money to fund startups. There are much better ways to allocate your money towards charity initiatives.

Exploits are what teach a system its weak spots. The quicker you find them the faster you learn. The outcome of this eventful evening is that Bittensor will invent lock-based subnet ownership -- specifically: ownership of a subnet determined by a team's long term economic commitment to the project. This will mean: 1) investors see long in advance if an owner has unlocked their tokens, 2) be able to reprice the subnet before the owner and 3) liquidly direct their own conviction to another team, or agent, to manage the system. Thank you @DistStateAndMe for helping further Bittensor's decentralization and develop a solution to one of cryptos oldest problems: founders who rug their token holders. Looking forward to training some 1T param models with the miners who are experts in this unique field. "What is dead can never die"

@Julian4crypto @markjeffrey nfa ofc but seems like a good r/r to me

@dayerguy @markjeffrey So are you doubling down on Templar? Thats what I’ve been debating on, this could be a huge entry opportunity

Const on the Covenant departure:

@muststopmax many great teams building. important reminder that we have to evaluate the founder as much as the idea

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

@Julian4crypto @markjeffrey of course. the code is open source. miners will stay. we'll be fine

@dayerguy @markjeffrey Okay this is what I’ve been wondering. So it can be continued? Same subnet?

And I wouldn't worry about bittensor's position in the decentralized training space. x.com/jon_durbin/sta… Stay tuned.

@RENDER__DADDY we'll be fine

@dayerguy Your biggest subnet left and rugged because they don’t have confidence in your blockchain…. That’s not just let’s move on type of thing. That’s bad

@trenchmaxi unfortunately for the naysayers this is open source ai. someone will just pick it up and make it better. miners will stay and continue to build decentralized ai training runs.

@dayerguy only reason tao was bought was because of sam i will simple wait for sam to launch his own token thats decentralized instead

@magician22322 pretty epic crashout

@dayerguy Sam is a scammer who made millions and left and to hide his crime he decided to blame to whole ecosystem what a moron 😂

@markjeffrey preach. this is what makes bittensor great. one dude crashes out. we continue on with others that are cooking

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.

@markjeffrey some people are going to make a bunch of money here. you know const or others are going to resurrect this subnet idea, build upon it, make it better

Fish (another major subnet operator) also weighs in:

@RecklessGhost03 @abcampbell play it out. if the financial system blows up you think some digits on a screen is going to be honored?

@dayerguy @abcampbell Coz you can only hold gold by physically buying it?

you don’t own enough gold

@AlgodTrading @KyleSamani @toly it's all for show. glad everyone is starting to realize this

@KyleSamani @toly Kyle, can you check your dm’s?

MEV is dead Long live TOV

@goodalexander @KyleSamani @Jason lol did my guy really just post something 2+ years old smh

@KyleSamani @Jason goodalexander.com/posts/bittenso…

I'm debating @Jason next week about TAO What is everything I need to know about TAO going into the debate? Give me the good, the bad, and the ugly please!

The emission haters should just come and take it. FAFO $tao