Jean Thomas Ledoré
457 posts

Jean Thomas Ledoré
@jtledore
Strategy Partner @PwC @Strategyand - τ Decentralized Ai builder
Paris, France Katılım Mart 2010
2.2K Takip Edilen481 Takipçiler
Jean Thomas Ledoré retweetledi
Jean Thomas Ledoré retweetledi
Jean Thomas Ledoré retweetledi
Jean Thomas Ledoré retweetledi
Jean Thomas Ledoré retweetledi

Follow @taoswap_org and stay ahead of what’s happening in the $TAO Bittensor ecosystem.
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I've been completely $TAO pilled. 💊
This is the most likely network to decouple from $BTC price action [crypto macro] over time.
The architecture of Bittensor is absolutely brilliant : 128 subnets vying for incubation via emissions based on their production of intelligence [utility] which other subnets and users can tap into and leverage - profound.
The way BTC changed money - Bittensor is changing AI. The merger of crypto x AI will seem obvious eventually - the way that Bitcoin does today.
The demand for decentralized intelligence will go parabolic in the same way the demand for decentralized money has - it is apodictic.
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Jean Thomas Ledoré retweetledi

Jean Thomas Ledoré retweetledi

SCORE IS WORKING WITH CONSULTANTS TO SELL MANAKO - @jtledore
First Squawk@FirstSquawk
OPENAI IS WORKING WITH CONSULTANTS TO SELL CODEX - WSJ
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@oroagents Congrats guys. Seamless communication very smart
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Jean Thomas Ledoré retweetledi


You are wrong on your global conclusion. This ecosystem needs a lot of improve on a lot of topics for sure but the potential of Bittensor is by far the biggest in Crypto today long term. If they fix their issues they can gain a significant market share dencentralized Ai applications. Happy to discuss 1 to 1 if you want. For ex, We are currently working with @MaxScore on several clients and what I can say is that’s pretty succesful, and great perspectives long term.
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Bittensor is a crypto-ponzi; unsustainable nonsense!
TAO has no utility or PMF; it is all driven by token inflation:
$328M worth of new tokens are printed annually, yet only $15M in annual revenue was generated!
Subsidies from holders pay for subnets; economically bankrupt: 🧵
Token inflation is used to give people the illusion of low cost. As the truth is that creating AI models in a "decentralized" way is far more expensive. While offering no additional utility or benefits
It is all theatre; subnets are not created as competitive products. They are created simply to exist & extract as much value out of TAO investors as possible
Ponzinomics & Extraction:
For example, the Pine Analytics data proved that unsubsidized inference on the Chutes subnet would cost up to 3.5x as much as centralized competitors such as Deepseek or TogetherAI!
What makes it all so much worse is that token holders pay for these subnets through inflation. Yet, none of the revenue actually flows back to the token holders. The subnet owners get to keep 100% of the revenue! On top of 18% of emissions, just because...
That is a borderline scam, extremely profitable for subnet operators, but setting up token investors for extreme loss when the system inevitably collapses
As TAO has a 21M supply limit, which might be appealing to ignorant token investors. But also implies that the network will entirely collapse, as it is fundamentally unsustainable, just like BTC
Inefficient & Expensive:
The problems run even deeper than that, as is the case with most DePin projects that rely on subsidies rather than real-world value accrual:
The reason why decentralized computing is so inefficient is that it requires verification & replication. Within a trustless environment, we cannot simply trust the work done by individual nodes. Instead, the work must be replicated multiple times over, introducing extreme inefficiencies. This is not so bad for simple TX's, but for serious, large computing tasks, this becomes a deal breaker
This is why 41% of the rewards go to "validators" whose sole task is to verify that the work being done is legitimate!
This only adds to the massive inefficiency already introduced by latency within a distributed network. There are several good reasons why AIs are trained in massive data centers with cards equipped with extremely low-latency, high-bandwidth connections. Something TAO is unable to directly compete with in technical & economic terms
Product Theatre:
In some cases, it is worth paying a premium for decentralization; one example of this is decentralized storage
However, this is not the case for the training of AI's, as this is a one-off cost usually carried out by a centralized for-profit organization. As running the AI itself is much cheaper & even achievable by individuals on a single consumer-grade machine...
So, what is the incentive for this centralized organization to use a more expensive method? That does not even result in a commercially viable product, due to the lack of scale... The answer is that there is no legitimate incentive!
As there are only so many people they can fool into such a ponzinomic scheme, creating an upper bound on the size these subnets can grow to, which is nowhere near what large centralized AI companies can achieve today
Conclusion:
There is no future in such a bankrupt design!
It is all theatre to extract as much as possible; subnets are not created as competitive products. They are created simply to exist & to extract as much value out of token investors as possible!
There is much I did not cover in this critique, including "decentralization theatre", modularity, bad governance, perverse incentives & terrible UX. This critique was purely economic, which is bad enough to reject TAO on that basis alone!
As value investors, we have to avoid such nonsense. It is not only dangerous from an investment perspective, but it also harms the industry as a whole. The more we prop up nonsense like this, the more difficult it will be for outsiders to take our industry seriously
That is why we must speak out, as we care about crypto's ultimate goals. Financial freedom, censorship resistance, privacy & more
Reject the nonsense, as the numbers & facts speak for themselves. Crypto already presents us with such a beautiful dream for the future; let's not spoil our opportunity by wasting our energy on half-baked ideas like TAO
Crypto deserves better than that. So, help us spread this message far & wide. As the truth will set us free! 🔥
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Jean Thomas Ledoré retweetledi

The Start In Block 2026 winners have been announced. 🏆
After 1,000+ applications, endless jury scores, and two days of pitching in front of the most institutional room in digital assets, three startups have earned their place in history.
🥇 First Place: @Manakoai, also the winner of the Bittensor track by @YumaGroup
🥈 Second Place: @TheRiskProtocol, also the winner of the DeFAI track by @SpectrumNodes
🥉 Third Place: @SundialProtocol, also the winner of the Institutional Adoption track by @Cardano_CF
Each winner earned recognition from the investors, institutions, and builders who make up the most demanding jury in European digital assets.
To every startup that applied, competed, and took the stage, this industry is better for your ambition.
A sincere thank you to our jury, Mykolas Majauskas -@Bybit_Official, Tomasz Kajetan Stańczak (@tkstanczak) - @Nethermind, and Jessi Brooks - @RibbitCapital, whose rigour and commitment to finding the most credible, highest-potential companies made this competition what it is.
And to our sponsors, @Cardano_CF, @SpectrumNodes, @YumaGroup, @bit2me, and @AdevarLabs, without whom Start In Block and the $10M+ prize pool would not be possible, your belief in the next generation of builders matters.
The next chapter starts now.

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Jean Thomas Ledoré retweetledi

IT’S COMING HOME 🏆
Out of 1000+ startups that applied to the @ParisBlockWeek startup competition, we take the win.
Big moment for us and for the Bittensor eco. Huge congrats to @arnod3f and @manakoarchie on the stage today.
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Jean Thomas Ledoré retweetledi

A huge announcement in respect of @webuildscore subnet 44 on Bittensor.
Congratulations to all involved.
Alliance with PWC France detailed below 👇
Manako@manakoai
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Jean Thomas Ledoré retweetledi

A 364,000 person consulting firm just plugged itself into a Bittensor subnet.
The press release names the blockchain by name. Twice.
Crypto Twitter has not noticed.
PwC France and Maghreb formed an alliance with Manako Labs.
Big 4 firm. 7,000 employees in region. Part of a global network of 364,000 people across 136 countries.
Manako builds the Business Operations World Model.
It runs on Score.
Score is Subnet 44 on Bittensor.
The numbers:
• PwC France and Maghreb: 7,000 employees
• PwC global network: 364,000 people, 136 countries
• Manako: turns enterprise camera feeds into real-time triggered actions
• Powered by Score, Subnet 44 on Bittensor
• Alliance targets retail, logistics, manufacturing, energy, infrastructure
This is not a pilot.
Not a proof of concept.
PwC is integrating Manako into its AI advisory practice and selling it to enterprise clients.
Every Fortune-scale company PwC France touches is now a potential Score deployment.
The subnet does not have to do its own enterprise sales anymore.
The quote that matters.
Jean-Thomas Ledore. Strategy Partner. PwC France and Maghreb.
On the record:
"By partnering with Manako and leveraging Score decentralized Ai infrastructure on Bittensor blockchain, we enable our clients to move faster beyond observation and experimentation."
Big 4 strategy partners do not name-check L1s casually.
That sentence took weeks of legal review.
The setup nobody is pricing in:
• 1 billion cameras in the world
• 21 billion connected sensors
• Most of it recorded, none of it acted on
• Manako turns those feeds into lockdowns, dispatches, audit reports, workflow automations
• PwC sells the deployment
• Score does the compute
• TAO secures the network
For 18 months people have asked the same question.
Do Bittensor subnets generate real revenue. Or are they just emissions farms.
This is the answer.
A subnet productized into a deployable enterprise tool. Sold through Big 4 channels. To the largest companies in the world.
TAO is down. Subnet narrative is dead. Crypto Twitter moved on.
Meanwhile a 364,000 person consulting firm is quietly building an advisory practice on top of Subnet 44.
Pay attention.

Manako@manakoai
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Jean Thomas Ledoré retweetledi

Tout simplement le plus gros partenariat jamais annoncé par un subnet Bittensor, et de loin
@webuildscore/@manakoai vient d'officialiser une alliance, un vrai deal signé avec le géant @PwC_France
Pour en arriver là, Score a dû passer par un process de +6 mois pour faire valider leur solution et leur valeur ajoutée
À présent, Manako va pouvoir être présenté à tout le pipe commercial de PwC, donc à certains des plus gros groupes industriels
Concrètement, ça peut être déployé via les caméras déjà présentes dans leurs magasins, entrepôts ou usines
Et surtout, il y a déjà une vraie demande client, car PwC est déjà en discussion avec des acteurs qui ont de vrais problèmes à résoudre avec ce type de solution
Je pense que ça les démange de partager avec quelles entreprises ils sont déjà en discussion...
$TAO
Manako@manakoai
Manako × @PwC_France We've formed an alliance to bring physical AI to enterprise at global scale. PwC France will lean on Manako's Business Operations World Model, powered by @webuildscore to turn their clients' existing camera networks into real-time systems of action. 1/5
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Jean Thomas Ledoré retweetledi

And just like that, Bittensor is back.
I am not sure if $TAO the token moves higher right away, but the ecosystem absolutely just did.
This partnership between @PwC_France and @webuildscore is important. Not just because it validates Subnet 44, but because it validates the broader Bittensor ecosystem. PwC could have chosen any number of closed systems or traditional vendors. Instead, they chose @webuildscore .
That matters.
This is not some sentimental crypto partnership where people shake hands, post graphics, and move on. @PwC_France made a business decision. A calculated one. They clearly saw something in @webuildscore that they believed could create value for their clients and for their own business. That says a lot.
To me, that is the real signal here.
For a long time, many people outside Bittensor looked at this ecosystem as interesting but unproven. Partnerships like this begin to change that. When a firm like PwC starts working with a subnet, it tells the market that what is being built here is not just experimental. It is becoming commercially relevant.
And on a personal level, I am genuinely happy for @MaxScore and the team.
I have seen @MaxScore pop into Nerds at 2 a.m. his time just to say hello while taking a short break from work. That kind of commitment tells you a lot. The teams that keep showing up, keep building, keep refining, and keep pushing are usually the ones that eventually separate themselves. That is how real businesses are built.
I think Subnet 44 has a lot more coming its way.
Congrats to @max and his team. Congrats to @jtledore for helping make this happen.
And yes, the fact that both Max and Jean are Nerds makes this even better.
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Jean Thomas Ledoré retweetledi

Vision AI is no longer a future concept.
It is becoming an operational necessity for any organisation that operates in the physical world.
The gap between observation and action is where enterprises are losing substantial amounts of value every year.
This alliance with @PwC_France is about helping them close it, with world models that work at scale, not pilots that never ship.
The opportunity is global in several industries
NB: I'll be live on @webuildscore's account in a few mins to talk about this, tune in!
Manako@manakoai
Manako × @PwC_France We've formed an alliance to bring physical AI to enterprise at global scale. PwC France will lean on Manako's Business Operations World Model, powered by @webuildscore to turn their clients' existing camera networks into real-time systems of action. 1/5
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