Orchidguy5

418 posts

Orchidguy5

Orchidguy5

@orchidguy5

Katılım Ocak 2019
28 Takip Edilen55 Takipçiler
Tao Ouτsider
Tao Ouτsider@TaoOutsider·
Hey Sam Dare, you can’t do what you did and expect things to go back to normal a few days later. Especially not showing up giving startup advice. Go back to the shadows. $TAO Bittensor is bigger than any one person. And it keeps getting stronger without you.
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The Bittensor Netrunner - TAO -
@orchidguy5 no you can dereg it fast if not selling a false hope or reviving it. dTAO was designed to kill these subnets when left behind or not useful.
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Orchidguy5
Orchidguy5@orchidguy5·
@TaoOutsider I dont understand voted? Voted by the bittensor senate on whether to apply it to mature subnets?
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Tao Ouτsider
Tao Ouτsider@TaoOutsider·
@orchidguy5 I am not sure but I think it will be tested soon and voted slowly.
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Tao Ouτsider
Tao Ouτsider@TaoOutsider·
🚨 $TAO BITTENSOR PROPOSAL A few hours ago, there was a live meeting on Discord with Bittensor founder Const and our amazing and committed community. I took notes on the most important points and I’m leaving them below. Here are the key takeaways. Bittensor philosophy; -Const reinforced that the protocol has always “rolled with the punches” and learned from exploits since the very beginning. Every failure helped improve the chain, refine incentives, and move closer to building functional decentralized AI markets. -Const acknowledged Sam’s betrayal, took responsibility, and offered direct apologies to affected holders. (You are not the one to blame. But apology accepted.) Main proposal: Locked Stake (Conviction Mechanism) A new staking dimension is being introduced. Beyond normal stake, time now becomes part of the equation. Stake can be locked for months or even years. This creates a public and cryptographically verifiable conviction metric: locked stake multiplied by remaining lock time. Subnet owners, and any holder, will be able to demonstrate long-term commitment transparently. Objectives of the mechanism; -Prevent rugs and sudden exits that drain liquidity and harm investors -Give Alpha and TAO holders more influence over the direction of subnets -Replace human trust assumptions with mathematical, protocol-level guarantees -Make subnet ownership dynamic and competitive. Today it is immutable. How rollout will work; -First step will be the lock mechanism itself, without hierarchical governance yet -Initial testing will happen in mature subnets like 3, 39, 81 and possibly other large ones -New subnets will have a grace period (immunity) -During governance activation; -Anyone will be able to lock stake and vote on the owner key -The highest conviction wins Benefits for the ecosystem; -Increases investor confidence and helps capital formation -Teams can signal real skin in the game through locked stake -Improves long-term alignment between owners, miners, validators and stakers -Opens the path for stronger governance at subnet level and later at root/chain level Long-term vision; -Bittensor wants to solve real governance problems that no one in Web3 has fully solved yet. Not just degen cycles and pump mechanics. -The Conviction mechanism is seen as a key step toward building a real federation of decentralized and trustworthy AI companies. My thoughts; After the Covenant episode, this feels like the beginning of a full transparency phase. Now it’s time to implement, improve, evolve and keep building. The best builders will come out stronger from this moment. Holders miners validators teams owners Everyone moves forward from here. I hope so. I strongly recommend going directly to the original source on the official Bittensor channel. Don’t be lazy. 😅
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Orchidguy5
Orchidguy5@orchidguy5·
@taostacker @asiif_ahmad What information is incorrect? It's extremely beneficial to the alpha token price to set emissions to zero and pay miners with revenue. Stops sell pressure on the token, deflationary, and workers are still paid and motivated
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τao sτacker
τao sτacker@taostacker·
@orchidguy5 @asiif_ahmad This is outdated info. Sure pay them revenue, but the emissions info here is incorrect / two iterations outdated.
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Neural AI
Neural AI@asiif_ahmad·
Stay away from subnets that are burning miner emissions. If emissions are being burned, it signals stagnation, not progress. Bittensor isn’t built to sit idle; it’s designed to evolve continuously and push boundaries. You can’t outperform competitors by doing nothing. Movement, iteration, and hustle are essential, and the same applies to subnets. Miners are your workforce. If emissions are being burned, it means your workers aren’t being utilized to grow the idea. Right now, burning mainly benefits subnet owners and stakers, not the vision itself. Shoutout to the subnets that are building, rewarding miners, and pushing forward @chutes_ai @arbos_born SN66, SN97, SN120 are a few of the subnets 👏 $TAO #subnets #Bittensor #TAO
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Orchidguy5
Orchidguy5@orchidguy5·
@TaoOutsider Markets hate uncertainty. We need a clear timeline and path forward: when will subnet 3 remove Sam as the owner? When will alpha locks be implemented? Days, weeks, months?
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Orchidguy5
Orchidguy5@orchidguy5·
@TaoOutsider Bitcoin is flying today. It's sad to think...if Sam hadn't screwed us we would be at $400 today
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Tao Ouτsider
Tao Ouτsider@TaoOutsider·
I can’t agree more. It doesn’t matter if you’re investing in $TAO, $dTAO, or any other asset with real value: have your own convictions. Today I saw a “trader” with 7k followers and some engagement saying he’s waiting for $TAO to dump to $30-50 before going all in. You have to be seriously clueless to say something like that. The guy posts charts but can’t even do a basic calculation of how many TAO are actually available for sale, and clearly has no idea what void liquidity means. There is no meaningful TAO offer below $120 unless something extreme happens, like Const/OTF or Barry Silbert/Yuma selling from their main wallets. If it happens, it’s over, we are going to zero. Stop making decisions based on people who don’t understand what they’re talking about.
Jesus Martinez@JesusMartinez

WARNING: If you listen to social media, you will NOT make money & will be miserable! Only optimists make money long-term, do NOT bet against the economy & focus on building your edge The algorithm is CREATED to make you REACT! Anger is the most powerful human emotion!

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Orchidguy5
Orchidguy5@orchidguy5·
@ProfesorTAO I agree, it seems like the rich could take over any subnet. I like the idea of forcing subnet owners to sell over a time interval: when they want to sell it's devided over a 6-12 month period so the market can absorb it
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El Profesor de TAO
El Profesor de TAO@ProfesorTAO·
Leí la propuesta BIT-0011 de BLOQUEAR STAKE en $TAO y me entró una preocupación: ¿Qué pasa si un millonario reta una subred con mucho dinero? ¿El propietario actual puede perderla? La duda es buena. Porque si lo miras por encima, parece peligroso. Por eso voy a intentar resolverla. Primero, ¿Qué es la convicción? Imagina que alquilas una casa y dejas una fianza. No es lo mismo dejar una fianza pequeña por pocos días… que dejar una fianza grande y comprometerte durante mucho tiempo. Lo segundo demuestra más seriedad. Más compromiso. Más intención de quedarte. En Bittensor, la convicción funciona parecido. Bloqueas stake en una subred durante un tiempo. Cuanto más bloqueas y durante más tiempo lo haces, más convicción generas. Pero aquí está la clave: Esa convicción no se mantiene intacta. Va bajando con el paso de los días. Ejemplo fácil: bloqueas 700 ALPHA durante 70 días. El día 1, tu convicción es 700. A mitad del periodo, tu convicción ya no es 700. Sería aproximadamente 350. Y al final del bloqueo, llega a 0. Eso significa que no basta con bloquear una vez y olvidarte. Si quieres seguir teniendo fuerza de propiedad, tienes que seguir renovando tu compromiso. Y aquí viene otra parte importante: según la propuesta BIT-0011, el stake bloqueado no se libera solo al final: la parte disponible para retirar aumentaría gradualmente a medida que la convicción cae hacia cero. O sea: No es un muro absoluto. Es más bien una atadura que se va aflojando gradualmente. Entonces, ¿puede venir alguien con mucho dinero y retar una subred? En teoría, sí. Si bloquea más stake y durante más tiempo, puede generar más convicción que el propietario actual. Pero no es tan simple como llegar, pagar y mandar. Porque el sistema no mira una foto instantánea. Usa una EMA. Traducido al mundo real: No mira quién pegó el acelerón hoy. Mira quién lleva más tiempo demostrando compromiso. Eso hace que un retador no pueda entrar un día, poner dinero y llevarse la subred de golpe. Tiene que sostener ese compromiso en el tiempo. Y además hay otra verdad que muchos pasan por alto: Una subred no vale solo por tener la llave. Vale por la comunidad, por los mineros, por la confianza y por la actividad que sigue viva dentro. Así que sí, alguien rico podría intentar ganar la llave. Pero podría ganar la llave… de un edificio vacío. Ese es el pequeño riesgo: Que un actor muy capitalizado intente forzar una toma de control. Pero sería algo inusual. Porque le costaría mucho capital, mucho tiempo bloqueado y además necesitaría que esa subred siguiera teniendo apoyo real para que la jugada le saliera rentable. Y por eso, en el fondo, esto es bueno. Porque convierte la propiedad en una prueba continua de compromiso. No basta con haber llegado antes. No basta con registrar una subred y vivir de ella para siempre. Si quieres conservarla, tienes que seguir demostrando que te importa. Y una advertencia importante: Todavía no está implementado. Sigue siendo una propuesta preliminar y el diseño puede cambiar.
Learn Bittensor@learnbittensor

🔒Locked Stake & Conviction are Being Proposed for Bittensor Subnet ownership may be about to change. BIT-0011 proposes that anyone can challenge for ownership of a subnet by locking their ALPHA stake and building "conviction." Right now, inactive subnet owners can hold onto subnets indefinitely. 'Locked Stake' would make ownership a contest of commitment, giving motivated participants a path to take over neglected subnets. How it works: - Lock ALPHA on a subnet for a chosen duration to build conviction - Conviction starts at the full locked amount and decays linearly to 0 at expiry - Every 30 days, the staker with the highest conviction EMA becomes the subnet owner - The EMA smoothing prevents anyone from briefly locking a large amount to "snipe" ownership Learn More: learnbittensor.org/concepts/locke… NOTE: This is a draft proposal (BIT-0011) currently being discussed. The implementation and design may change or be replaced completely.

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Ferchobits
Ferchobits@ferchobits95·
Subnet dynamics have evolved, and $TAO needs a more robust stability framework. I propose the "TAO Gradual Unlock Interface": a protocol-level transparency system designed to protect long-term holders and the network's integrity. 🛡️ @opentensor @const_t @unconst_ #Bittensor #TAO
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Orchidguy5
Orchidguy5@orchidguy5·
@Hustlepedia We don't know yet that these subnets are leaving. They are attempting to recover the owner key or implement rules that allow voting to recover the key. It's possible these subnets will be regain control and move forward
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Jonny 👾
Jonny 👾@Hustlepedia·
The more $TAO subnets I dive into, the more bullish I am. 3 subnets leaving the ecosystem in the long term will mean absolutely nothing. Seeing whats being built with subnets like Ridges, Chutes, Score, Synth, the list goes on, makes me highly optimistic that Bittensor will come out on top.
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Orchidguy5
Orchidguy5@orchidguy5·
@mentatminds In a couple weeks hopefully Sam's mess gets cleaned up and Clarity act completes markup. If (big if) both of those go well that will send TAO to $350-$400
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Mentat Minds
Mentat Minds@mentatminds·
Do you think $TAO will quickly return to $300? 👇
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Orchidguy5
Orchidguy5@orchidguy5·
@bittingthembits It seems a lot cleaner to just lock all subnet owner alpha (only for the owner not stakers) and require 15 day notice for the quantity they want to unlock and sell
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Andy ττ
Andy ττ@bittingthembits·
Founder rugs have been destroying communities since the beginning of this industry 🚨 We now have BIT-0011 Proposal 3 days ago, a $TAO subnet founder dumped 37,000 $TAO worth of Alpha on his own community and walked away 3 days later, the protocol already has a proposed solution on the table. BIT-0011. Locked Stake and Conviction Let me break down what this actually means because it is one of the most important proposals in Bittensor's history, and we need to pay attention to it. Right now, a subnet owner registers once, pays the registration cost, and holds that subnet indefinitely. There is nothing on-chain requiring them to prove ongoing commitment. They can sit on the subnet doing nothing. Or worse, they can build trust, attract stakers, collect emissions, and then dump everything overnight with zero warning. That is exactly what happened with Covenant. Locked Stake fixes this at the protocol level. With math. Here is how it works. You lock your Alpha on a subnet for a chosen duration. That lock creates a conviction score. Conviction starts at 100% of the locked amount and decays linearly to zero as the lock approaches expiry. The longer you lock and the more you lock, the higher your conviction. Every 30 days, the protocol checks all conviction scores on every subnet. The staker with the highest conviction, EMA smoothed over time to prevent anyone from briefly locking a massive amount to snipe ownership becomes the subnet owner. Read that again 👀 Subnet ownership becomes a continuous contest of commitment. It's not a one-time purchase. It's an ongoing proof that you have skin in the game. What this means in practice. If a subnet owner wants to exit, their conviction starts decaying the moment they stop re-locking. Investors can see it happening in advance. The market can reprice the Alpha before the owner dumps. And any motivated team with higher conviction can challenge that ownership and take over the subnet. Learn Bittensor pointed out that Chutes currently holds roughly 37,000 $TAO worth of SN64 Alpha in a smart contract for owner emissions. If the Chutes team locked all of it for a long duration, any malicious actor trying to take over would need to exceed that amount and lock it for longer. The cost of attacking becomes massive. And if the existing community does not support the challenger, they can unstake and crash the Alpha value, making the takeover economically pointless. The conviction decay mechanic: The score starts at the full locked amount, then decays linearly toward zero as time passes. So if someone locks: 1,000 ALPHA for 100 days ▫️Day 1 = 1,000 conviction ▫️Day 50 = 500 conviction ▫️Day 100 = 0 conviction The important part: They cannot freely withdraw the locked portion while conviction exists. Only the unlocked portion is available to unstake. At expiry conviction hits zero, and everything unlocks. This means owners can not silently prepare a rug. If the subnet owner wants to keep ownership strength, they need to re-lock before conviction decays too far. Const said it himself: "Exploits are what teach a system its weak spots. The quicker you find them, the faster you learn." No other network in crypto has proposed anything like this 🔥 The standard response has always been that's just crypto or hire better lawyers. Bittensor's response is to build a cryptographic mechanism Locked ALPHA turns into a time-weighted commitment score. The more size + the more time remaining, the more ownership power you have. This is still a draft proposal. BIT-0011. Being discussed openly. The design may change. The network identified its weakness in real time, the founder proposed the fix within hours, and the community is now iterating on the solution in public That is what an adaptive stress-driven growth system looks like. Now, founder alignment market's can literally measure block by block $TAO Thanks to @learnbittensor Link: learnbittensor.org/concepts/token…
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Andy ττ tweet mediaAndy ττ tweet media
Learn Bittensor@learnbittensor

🔒Locked Stake & Conviction are Being Proposed for Bittensor Subnet ownership may be about to change. BIT-0011 proposes that anyone can challenge for ownership of a subnet by locking their ALPHA stake and building "conviction." Right now, inactive subnet owners can hold onto subnets indefinitely. 'Locked Stake' would make ownership a contest of commitment, giving motivated participants a path to take over neglected subnets. How it works: - Lock ALPHA on a subnet for a chosen duration to build conviction - Conviction starts at the full locked amount and decays linearly to 0 at expiry - Every 30 days, the staker with the highest conviction EMA becomes the subnet owner - The EMA smoothing prevents anyone from briefly locking a large amount to "snipe" ownership Learn More: learnbittensor.org/concepts/locke… NOTE: This is a draft proposal (BIT-0011) currently being discussed. The implementation and design may change or be replaced completely.

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Orchidguy5
Orchidguy5@orchidguy5·
@FinanceFreeman @opentensor Is that even possible? Don't you have to buy TAO to swap into the subnet? So the TAO token would rise as subnet demand increases
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Finance Freeman 🇺🇸
Finance Freeman 🇺🇸@FinanceFreeman·
Bittensor’s INSANE Potential 🤯 “It won’t be long until the market cap of all the subnets surpass $TAO’s market cap” Very bullish predictions; however, when you look at @opentensor as the parent company of 128 other Artificial Intelligence companies - it starts to make sense Feat: @SiamKidd
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Orchidguy5
Orchidguy5@orchidguy5·
@bittingthembits I fail to see how this would allow the market to reprice before an owner sold. Can you explain it more?
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Andy ττ
Andy ττ@bittingthembits·
Nobody in Web3 has solved this problem? Jacob proposed a locked stake. $TAO Subnet ownership will be determined by a team's long-term economic commitment. Not by who registered first or best influence. By who has skin in the game measured in time plus stake. Time + Stake = Conviction If this passes, the decision will be collective, not unilateral, and investors will see in advance if a team is unlocking. The market can reprice before a dump happens. Conviction now becomes transparent and measurable. Nobody in Web3 has solved this problem. Nobody cares. It has plagued every protocol, every DAO, every token launch since the beginning. Founders rug their holders. It happens over and over and over again and again. And the industry just shrugs and says THAT'S CRYPTO. Really? Well, Jacob isn't shrugging. He is engineering the cryptographic solution. Would be a protocol-level primitive that makes commitment visible and exit predictable. If this gets implemented, Bittensor will have solved one of the oldest and most destructive problems in the entire cryptocurrency industry. And it will have done it because one bad actor forced the issue into the open. That is what antifragility looks like in practice, folks. The incident becomes the catalyst for this upgrade. This wound becomes the scar tissue healing over and over, which makes the system harder to cut open. It's also bigger than crypto? The centralized AI industry is in chaos right now. OpenAI's governance drama nearly destroyed the most valuable AI company on earth Altman literally had a Molotov thrown at his house. Anthropic just had a massive config screw-up leak 1,900+ internal files and over 500k lines of Claude code. Google and Meta are all racing to build intelligence behind closed doors where one board decision, one regulatory action, or just one government pressure campaign can redirect or shut down everything. The conversations are blowing up on X right now about Claude, ChatGPT, who actually controls these models and what they're allowed to say and think that's the centralization problem. Bittensor is the only project on earth that is actually building the alternative. Not talking about it. Building it. A community that just got punched in the face by one of its own. Will keep building. Jacob said something at the end that I believe with everything I have will happen. The Next time We train 1 trillion. I believe that will happen. Jacob closed by saying Bittensor is by far the most decentralized AI protocol in existence. He is right. Not because it is perfect. Not because human problems do not exist inside it. But because it is the only system where 120+ independent teams are building AI services on an open incentive layer that no single person controls. Where the code is open. Where the models are open. Anyone can participate, and anyone can leave, and the machine keeps running regardless. One day, the people who are criticizing Bittensor right now will be using it. They will not even know they are using it. It will be embedded in the inference layer behind the apps they use, the agents they deploy, and the services they use. That is where this is headed. Global infrastructure that is impossible to stop once it reaches critical mass. We are not there yet. But the foundation is strong. The foundation was laid with genuine intent by someone who saw the power of AI and decided it should belong to the people instead of to a handful of CEOs. When the foundation is built on that kind of conviction, it outlasts everything. Every single time. History proves it. The things that last are not the things that were easy. They are the things that survived the hardest tests and kept building anyway. $TAO
Andy ττ@bittingthembits

$TAO fam, I read every word Jacob wrote. Twice. Then, a third time. And I sat with it for a while before writing this because what he said deserves it. It Made me more convicted in this network than I have ever been. Jacob opened with something you almost never see in this industry. Raw honesty. Not a corporate statement drafted. Not a PR-approved damage control. A man telling you that someone he considered a brother betrayed him and that it shook him. And in the same time, apologizing to every single person who lost money. When was the last time you saw a founder of anything, crypto, tech, traditional finance, come out after a crisis and lead with an apology to the people who got hurt? Not deflection. Not blame shifting. An apology. That tells you everything about who is steering this ship and, more importantly, the foundation the network was actually built on. There is something about what happened here, and Jacob touched on it without flinching. It hits home to many of us. The people you help the most can hurt you the most. That is not a crypto problem. That is a human problem as old as humans themselves, even biblical. Like the brother who sells out the family. I think it happens because proximity to greatness sometimes breeds resentment instead of gratitude. And when someone flies too close to the sun on wings, they do not build alone. They forget who helped them get airborne in the first place. Everything Covenant achieved the 72 billion parameter model, the arXiv paper, the Jensen Huang praise, the Anthropic citations all of it was built on the back of Bittensor's miners, Bittensor's emissions, Bittensor's infrastructure, and Bittensor's community. The network made it possible. The collective funded it. Then one person decided the recognition belonged to him alone. Jacob said he could not regret trusting Samuel. What Samuel proved, through intense effort, was that permissionless open-source networks can compete with centralized billion-dollar fiat-funded labs. Think about what kind of person says that about someone who just caused them max pain. A person who cares more about the mission than about being right. A person who understands that the work matters more than the individual who did it. That is not common. In any industry. In any era. That is the kind of leadership that builds things that last centuries, not quarters, folks. The next thing I believe will define the next chapter of this network. Bittensor was built to be resistant to the pitfalls of human error, greed, selfishness, and other sins. It is permissionless by nature because while we are all fatally flawed, we are also fatally required to participate in the future of AI. Read that sentence again. We are all fatally flawed. And we are all fatally required. That's the fire at the heart of this entire project. You can not build an open network and expect only good people to show up. You can not build a permissionless system and then be surprised when someone uses that permission to do something selfish. The openness that allows brilliance also allows betrayal. The only way to handle that is not to close the doors but to harden it up. Now it’s happening. This next part matters most because it speaks directly to Bittensor’s future. Success is never a straight line. This all proves the mission here is a real one. The future of Bittensor will be defined by how it metabolizes these problems into stronger primitives moving forward. More coming...

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Orchidguy5
Orchidguy5@orchidguy5·
@0xTindorr Was it a one time event? There have been multiple red flags ("stolen" tokens twice) with subnet 24. Will other subnet owners rug pull to prevent being locked in when protocol changes are implemented?
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Tindorr 🌯
Tindorr 🌯@0xTindorr·
What happened to TAO and Bittensor yesterday was a one-time event. The damage is done. From the moment I entered TAO ecosystem, something always felt off about one team running three incentive subnets at once (Templar/SN3, Basilica/SN39, and Grail/SN81). Three separate streams of TAO emissions flowing to the same group raised flags for me. I stayed away from staking into any of them. Glad I trusted my gut, even when many were hyping the "Claude-mentioned" subnet as one of the best. Covenant could have exited gracefully: migrated their community, wound things down properly, and handed off responsibly. Instead, they dropped a public attack letter and immediately dumped ~37,000 TAO ($10M+) straight into their own community's face. Most of the discourse is about how a team chose to nuke their own followers' and miners' bags on the way out. Bad actors take their money and leave. Ecosystems get stronger. Bittensor's models, active subnets, and real builders are still here. The halving is already behind us. dTAO mechanics will keep improving, and governance proposals around vesting and cooldowns are already being discussed as a direct result. Every serious protocol goes through a "spring forward" moment like this. TAO will come out the other side stronger.
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Orchidguy5
Orchidguy5@orchidguy5·
@2xnmore Make the subnet owners announce sale quantity 15 days before they can implement the sale
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2xnmore
2xnmore@2xnmore·
Subnet rugs just happened on $TAO. What actually protects you as an investor? Pick one: A. Locked stake periods B. Doxxed teams C. On-chain reputation scores D. Nothing. Crypto is still the wild west. Agree or cap? vote here
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