ais
309 posts










taoflute.com has been updated 1. A flag to help identify subnets that let weight copiers reign free. 2. By popular demand, we've got some basic search/filtering now. You can send your portfolio to your friends by filtering to your subnets, and then copying the url.





Another reason bittensor could fail: stakers. Compared to bitcoin where theres a singular right solution for each block to be solved, in bittensor solution varies and can be anything a subnet owner has determined it to be. Bittensor has validators making sure the miners solutions are correct to get rewarded emissions, and both miners and valis work with and in the limits of the tools and infra the subnet owner has laid out for each of them. As bittensors inherent value and separation from bitcoin comes from that said ability to have "block solving" answers be defined as basically anything on a per subnet level, and with that also the tasks required to get to that solution (the work) I'd consider the answers held by validators and defined by subnets to be the essence/culmination of all existing and any potential value of bittensor (in a point of failure sense especially). If the answer required for miner rewards provides no value, is too easy to produce, is difficult to rank on a meaningful metric or is otherwise useless, it directly eats in to the inherent value of the entire chain. In a nutshell; miners do the least they can to provide an output that validators will accept based on what ever the subnet owner has defined to be useful for their subnet. As this gets combined with the permissionless of bittensor, stakers (or "the market") are the only check rewarding the valuable instead of stupid and useless. They are basically left to determine if any given subnet should deserve to exist and for what price (& piece of the protocol injection cake). Whether called as the market or stakers it is one hell of a responsibility and a task to do that can easily go wrong (official melania coin still has over $22M 24h volume). So in a way the potential value of bittensor is in the hands of its participants (stakers) least incentivized to understand bittensor, a given subnets, let alone all the 128 of them or to even care about the chain. Nautrally stakers are mainly interested in pumping their bags and getting paid. Whether thats done by following hype and rewarding garbage or by rewarding subnets in proportion to their deservingness of the sweet TAO emissions is besides the point. Even if there was a will it only helps if there's at least some level of wide spread knowledge and understanding. Bittensors potential intrinsic value is only capped by the limits of human innovation but it also bears the risk from leaving the task of defining what is value and worth the chains while into the hands of the people which could very well lead to subnets & their miners producing nonsense that wont usher in more seroius investment regardless of the tokenomics (we already got bitcoin), and start a downwards price cycle coupled with believability loss eating in to the economic viability for all participants (miners, validators, subnets stakers), potentially driving new innovators and builders to start looking elsewhere (meaby there's nowhere to look today but that can change fast) slowly increasing brain drain out of the chain. The difference in how bittensor and bitcoin define "solving a block" and by that the whole process of each chain, is for both their greatest strength and weakness. While this whole permissionless customizability is exactly why bittensor is so great in general and compared to bitcoin, it is at the same time exactly why bitcoin is so great and will continue to be. Any attempt to be like bitcoin but more or better also introduces new risk vectors and uncertainty just underlining exactly why bitcoin is and will likely continue to be one of the ultimate stores of value over longer periods of time.




