david

Bittensor (TAO) Investment Thesis TL;DR: AI Legos. Bear case: 0.5x Conservative: 2-5x Optimistic: 5x-20x Everything aligns: 20x-100x Summary: A decentralised protocol that pools machines and incentivises anybody to deploy their own functions on the protocol as ‘subnets’. Every subnet is a usecase of the network. “Subnets” - the primary innovation of the project - user-deployed usecases of the protocol. Each Subnet comes with its own architecture (incentive systems, consensus rules, algorithms). Think of subnets as apps that make use of the base network (Bittensor) as its operating system. There are already 10+ subnets, with each serving a specific function. The interfaces for these (as well as the subnets themselves) have all been community developed and deployed. For example, Subnet 4 is a ‘multi-modality subnet’ which has already scraped over 9+ million tweets, at 6000 tweets per second at the moment. Exponentially superior: Unlike OpenAI which is limited by the developments and algorithms within their single entity, Subnets are interoperable. I.e. they can feed off of others data, algorithms, intelligence, machines. I.e. every new subnet increases the probability of the entire network’s success. In comparison - Bittensor already serves over 10 trillion model parameters, while GPT3 only serves 175 billion. Speed + scalability: ‘AI on the blockchain’ seems redundant considering its speed and scalability limitations - although, Bittensor’s unique approach is to only host consensus-critical components on-chain while keeping other components off-chain. Tokenomics: TAO facilitates an interesting demand/supply dynamic - providing computation and intelligence to the network is rewarded (emmission) + token staking + Bitcoin-like halving every 4 years + cap on supply at 21M + no pre-mine + no VC funding (fully bootstrapped) Ethics: Bittensor fits right in as a solution around the argument of fair, open and decentralised AI - completely community developed with actual functioning models while staying open-source and transparent. “The importance of decentralizing AI is approaching the importance of decentralizing money.” - @ErikVoorhees Catalysts: - Non-stop subnet deployments - Religious community - AI narrative - Closed-source competitors valuations - Token incentives (demand pressure) - Staking (supply pressure) - Halving (supply pressure) - Not listed on any major exchange - Not recognised by the wider market - Still no user-friendly interfaces Negatives: - Heavy token issuance (2M+ a year till the next halving) - Competitor head start Disclaimer: Not Financial Advise.

Young man, DO NOT MAKE THIS MISTAKE. don't waste your life indoor

“The only real test of intelligence is if you get what you want out of life.”

@elonmusk @Ahraam_e_missr Grok Imagine 30 sec

Update on the $PEAQ tokenomics discussion: After a lot of back and forth across X, Discord and different sources, the picture is becoming much clearer. • The MiCA whitepaper confirms a capped total supply (~5.67B $PEAQ) • @WendlerTill also explicitly stated that $PEAQ has a hard cap • The team confirmed they are currently aligning all public sources (website, CMC, CG, etc.) And we’re already seeing this in action: CoinMarketCap has updated the max supply to ~5.66B $PEAQ, while other platforms are still catching up. So the confusion likely came from inconsistent documentation during this transition phase. Important nuance: While the total supply is capped, the circulating supply can still change over time due to vesting, emissions and governance decisions. Which means: Hard cap ≠ no token dynamics. For me, this was never about pointing fingers. Maybe it's the journalist in me, but I tend to dig until things make sense. Glad to see things moving in that direction. And glad to see @peaq delivering, whether it's bear or bull market.

different times man

Don't cut off your broke friends because you are looking to build new relationship with rich strangers. Grow with your friends. The blessings of one should reflect on others. It is not lonely at the top if you keep your friends.

@bloomstarbms Build in the bear

My main speech at the just concluded Technova summit. Building a brand in web3, step by step guide. ⚡️Niche down: Everyone started out with a thing, people where basically known for a particular thing from the beginning, find that niche and you have completed like 40% of your branding. ps, Banger boy/girl is not a brand (many people will hate you or not work with you later in the future if you start out insulting people. ⚡️Learn a skill that is needed in that niche; if you're going to be an onchain maxi, or particularly data analyst, you should learn onchain analysis or data management, becoming real good at it and you're good to go. ⚡️Build social presence; polish up your x handle with your name pfp that suits your niche, double down on most social medias and you are good to go. ⚡️The publish proof of work: you need to prove to people you know your work. you do it independently and make money off it, post verifiable data about it on your socials ⚡️Guide your reputation; you brand is dependable on your reputation. if you're not reputable here, most people won't work with you. so guide that and keep your head straight. These are literally every step to you need to grow here, don't fail to learn.

Let’s be real, TAO is up because of this viral post by @tplr_ai To buy tao subnet tokens, investors NEED to own $TAO to exchange into it… there is no way around this. Hype for one subnet token this week caused TAO demand to rise, just imagine if there is this type of demand for multiple subnets at the same time. You are not bullish enough.

there’s no one in the world of finance and investing i’ve respected more than charlie munger an absolute chad and a model to follow in both business & life he lost it all at 30, lost his kid, got divorced, went bankrupt, never identified as a victim, he just locked in and won

If you are buying $TAO for the first time this week, remember this: 1. Native staking yield is c. 15%. Don’t hold it with a CEX, create a self-custodied wallet and stake it to the network (no risks as long as your keys are safe) 2. Start learning about subnets. The yields there can exceed 50% but the subnets tokens are obviously a lot more volatile. A lot of compounding return will be made stacking subnet tokens on top $TAO’s own price appreciation, but you need to know what you are doing there. Some resources to get you started 👇

"I won't build this app because it already exists" Meanwhile 15+ pdf scanners are splitting $10M/month Stop overthinking and start shipping

@0xDayveed You will come back stronger. God willing

@Kinglamarr___ Bookmarked

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If doubt's slowing you down, listen up:

JUST IN: The Claims of frauds about NigeOfficial has been debunked, as the team comes out to clarify the air apologetically. Check CS for proof.

Decided to reward myself for betting more and locking in for the first half of the year.. also for turning 30 🫡

CONGRATULATIONS TO ME ON MY NEW MERCEDES 🖤 My first Car. A $100k AMG. If you told 20-year-old me that starting Forex would lead to this, he would’ve argued. I truly lack words. Thank you, Lord. Thank you, Forex. ForeverMarriedToTheGrind🍷

Making money trading is easier when you do it for the love of the game