Porkachu

Our Founder presented Redbelly to @MicroStrategy yesterday. Do you think they will keep investing in @Bitcoin now that they know a collaborative alternative exists?

❌ Founder backgrounds in crypto: • Marketers • Hype-men • Serial entrepreneurs ✅ Our Founder, @VincentGramoli: • A world-renowned scientist and professor whose research on blockchain scalability helped define the foundations of this industry. Levels to this 💅

The Redbelly DAO just made history. The community held their first vote. They chose the official logo. And in doing so, they proved decentralized governance is reality. Every proposal matters. Every vote counts. Every decision builds the future of this network. Next time, it could be YOUR idea that changes everything. Got a vision for what comes next? A feature the network needs? A direction worth exploring? Don't wait. Don't watch. Join the DAO. Submit your proposal. Cast your vote. The builders shaping Redbelly's future are people who decided to step forward instead of staying silent. The question is: will you be one of them? What happens next isn't written yet. And that's exactly the point. #RedbellyDAO

@ChyUmbrella Why not bro

Lol how's that possible My iq score lol iq-checker.xyz/ChyUmbrella

@DarkLordKas @SiamKidd I’m wondering about this too

The question you should actually be asking yourself is: “Does AI really need blockchain technology to thrive and will TAO be competitive technologically against mainstream super funded AI tech giants?” The layer one itself has already demonstrated itself as centralised and slow. I think TAO is a good ‘bet’ on the AI+Crypto conjoined narrative gimmick that may pay dividends this cycle only, however having all your eggs in this basket is ludicrous.

As an investor you must chronically self-interrogate with a bunch of different questions; ⁉️"Am I being an idiot?" ⁉️"What's the downside risk size and probability of this trade?" ⁉️"Is this really the best risk-adjusted portfolio configuration I could possibly have?" ⁉️"What or who are the main icebergs that can tank this ship of mine?!" And many other self-reflecting questions... Ultimately, when you have deep conviction on a move or investment, 90% of your active brain cycles should be allocated to WHY you're wrong. So almost everyday, I ask myself similar questions to "Is there really any point in investing in any other AI project?" So I look at Render and think "A subnet will toast this project one day". Then Near, "This is a shit crypto pivot into AI, many subnets will toast this project soon." Then ICP: "This is total garbage..." Then FET: "This is equally garbage..." Then Story: "A subnet will surpass this soon" Then VIRTUALS: "Yes it's a new market place for bots, but the bots are cruddy X bots and there's a very low barrier to entry. Multiple subnets will toast this soon" And so the search for a better investment futilely continues... The thing is, the grass really isn't greener on the other side. Bittensor is as good as it will ever get. By buying TAO, you are buying the gross value capture vessel of the aggregate net value delivery of all 128 subnets. In other words, Bittensor is effectively an AI incubator of 128 independent AI start ups all under 1 roof with a very high barrier to entry and thus, higher quality threshold than the typical shit-coin that one can spin up in 5 mins on ETH or SOL... Not only that, the tokenomics of TAO is identical to Bitcoin. We all know what Bitcoin does when it's soon approaching a halving and what it does for a few months after a halving. Well, right now there are 9.43m TAO circulating and its first halving is around 13th Dec 2025... Have a look at the Bitcoin chart in July 2012 when Bitcoin had a circulating supply of 9.43m... 🤯 Buying TAO now is akin to buying Bitcoin in July 2012...or ETH in Jan 2017, act accordingly...

@chant_ian Yes, that’s the norm. It’s impossible to find a fully bulk billing doctor now because they simply cannot afford to bulk bill, and current bulk billing doctors actually LOSE money. Blame Medicare for not keeping up their rebates.

Aussies is this right? I had a 7 min consult with a GP in Coolangatta and paid $82.11 and received $43.90 from Medicare. That’s a net cost of $38.21. I’m not whinging because I can afford it but those less fortunate must struggle. So much for only needing your Medicare card.

This is the cheapest eth transaction fee that I’ve ever had… is eth a ghost chain now?

With each passing cycle, you will eventually see yourself become a bitcoin maxi.

@SiamKidd Someone please explain to me (a $TAO holder) how I can make full use of this

3.11 Eh/s!!!!!!!!!!!!! I just can't get my head around this!!! That's with just 19 miners! Bittensor (subnet 14) in 10 days has spooled up 0.32% of Bitcoin's hash rate! Incredible! It's barely got going as well. Think of how it can help decentralise hash rate on other PoW coins too...

@virtualbacon When I sell

What’s your biggest signal that momentum is back?

@virtualbacon That’s what I did in 2021, did a round trip, and here I am

lock in bro, it's been 3 years of bear. What's another 6 months

@benjamincowen Finally, gonna sell all due to this rock solid marker.

Good game everyone

@adicrst @benjamincowen Yup still here since 2021 but I’m in the green 😊

@benjamincowen We never returned because we got stuck and did not have a chance to leave in the first place

#Bitcoin Social Risk: Why Retail Never Returned

@NefarioGruLabs @SiamKidd I don’t fully understand TAO, much less the subnets. I’m just holding TAO like you. I wonder if all these technical stuff could also be barrier to entry for the general masses…

@SiamKidd Great, I'll just hold my $TAO, all this is too complex for me 😂 Plus I've lost a lot in sub-nets in the past. I sincerely wish good luck to anyone investing in alpha, beta, gamma etc.

Hey, as you've probably seen, in my mind, it's a foregone conclusion that Bittensor is an unstoppable beast. A game changer that is eerily similar to Bitcoin back in 2013 ish. Well, whatever price TAO is, look back at the BTC chart to the same price... But unlike typical ecosystems, the economics between Bittensor's subnets is nothing like Ethereum or Solana. When a new token is launched on those ecosystems, there's minimal to negligible buoyant vectors. Also there's minimal barrier to entry in launching a project on those ecosystems which is why Crypto is awash with 99% dross and 1% actual innovative real value. When a subnet is launched on Bittensor, it's done with adequate cost and there's a high standard bar for the project to maintain above. But more importantly, as each subnet token (alpha is the nickname) has its own AMM liquidity pool tied directly to TAO, there is a direct linkage and a positive buoyant vector to TAO when a subnet is/does well. Because if you want to buy that alpha, you first need to buy TAO and then swap that TAO in the subnet's liq pool to get that alpha. In essence, subnet does well, it's great for TAO. If a subnet doesn't do well, it doesn't hurt TAO. Even if 90% of a subnet's holders were to mass dump a subnet token, nothing happens to the price of TAO as they're just swapping alpha for TAO within that liquidity pool. TAO price is only affected if TAO is then sent to an exchange to be dumped on the open market. Due to these liq pools, Alpha price = Amount of TAO in that liq pool / amount of alpha in that liq pool. Amazing! We now have a completely siloed independent secondary market to play with in order to accrue more TAO without having to inject more fiat capital. Bingo! Especially as the alpha yield you get by simply holding alpha is typically 150%+ APY due to how the alpha emission rates. So you need to understand that nailing subnet investing will be the MOST profitable thing you've ever done in your entire life! If you do it well of course. This is why I am directing all my time into subnet investing now. We have potentially a short window up to 2026 (where I see the general Crypto market bull run happening) where we can get 2013/2017 cycle gains in mere months. As I've explained before, we are seeing at least 1 new subnet launch every 2 days. That's 90 new subnets over a 6 month period. Which means we will have between 190-210 subnets by October/November 2025. It's essential that we have a very clear investment framework or scaffolding around this play. My 25% tracker fund and 25% blue chip subnets is simply a very rough and ready framework to just get in and get some exposure whilst portfolio refinement kicks in. So this will be an ongoing polishing act over time, because there are SO SO many questions and variables right now that we simply don't have answers for. After all, dTAO is only 2 months old! Ultimately, the desired mental clarity I will be hunting for with Honey Badger persistence is discovering a specific price ratio/pattern for a subnet and then configuring the portfolio to exploiting this edge whilst the masses will only really figure all of this out in hindsight. Remember, asymmetric thinking = asymmetric information/data = asymmetric trades = asymmetric returns! So it's time for max brain glucose directed towards this framework. Not just by me, but as a community in general as we have some tip top minds here. So in order to achieve this subnet edge/price ratio, there are certain questions/calculations that need to be made or assumed... 1.) What is the price distribution relationship across all subnets right now? It looks very much like normal price distribution you see in normal Crypto rankings where most of the 'market cap/price' is heavy loaded at the top end. For example position 1 is 0.34t and 2 is 0.15t, but position 25 is 0.015t. Either way, there is a distinct price distribution from subnet 1 (in terms of performance) to the last subnet. 2.) What is the relationship between the number of subnets and the percentage of sTAO (staked TAO) in alpha? 3.) It's highly likely that there's a very low possibility that a subnet will SUSTAINABLY maintain a price of 1 TAO or more. Yes there could be a stampede of alpha purchasing by big wallets which could TEMPORARILY spike prices, but it will be fleeting. This in turn leads us to the secondary conclusion that there is probably a "subnet price glass ceiling" of sorts. Of course, as the percentage of sTAO in alpha increases (it's 8.4% as I type this) the subnet price glass ceiling should also rise. So what is the subnet glass ceiling price per percentage of sTAO in alpha?! This question is PIVOTAL in determining if a subnet is overcooked or not. Chutes has been hovering around 0.35-0.4t for a while now whilst sTAO in alpha has been around 7.5-8.2%. So is 0.4t that glass ceiling for Chutes at this sTAO level??!! 4.) Nailing that previous question, we will then have a rough growth trajectory and R multiple potential for each promising subnet. 5.) Identifying some safe minimum criteria for investing is handy for portfolio building. Thus far I've not looked at anything less than 0.01t in order to avoid picking up terminal down price action subnets. But instead of having 0.01t as a price filter, perhaps a % of emissions filter is a better starting point for getting in early on a subnet? I've noticed that having a 0.4% emissions minimum is pretty handy. Sort of shows that the subnet is picking up traction. So what is this ideal level? 6.) Once we have clarity on questions 4 and 5, we will then know a good R multiple banding/potential per promising subnet. Here's the crazy thing, I'm expecting this answer to be north of 20x. For example, even with minimal dTAO activity and basically no one understanding Bittensor, we have seen a bunch of subnets go from below 0.01t all the way up to 0.1-0.4t in price. Even 0.01t to 0.2t is a 19X! 7.) Using the answer from question 3, what is the ratio of that glass ceiling compared to the sum of all subnet prices. 8.) Using the previous answer, we can then do a semi reliable price distribution forecast for a future state of Bittensor of 190-210 subnets. Looking at this price distribution, does it affect the upper price of a subnet per sTAO% we worked out earlier? 9.) For any given sTAO%, what is the average price for the top 10 performing subnets? Then top 20, then top 30. But not just that, the real profitable answer will be finding out the average price for subnets between 10-20 and 20-30 and 30-40 and 40-50 and 60-70 and so on. 10.) Using that data, what is the anticipated rough price uplift of those subnet bands? Reason being is that assets don't go up in straight lines. They will pump and plateau and pump and retrace and all sorts of different price action. But having this data will let us see if there's a clear point where a subnet price begins to plateau for a while. For example, it could show us that investing in the top 10 subnets isn't actually a good idea as they've already done their big growth and therefore perhaps specialising in subnets between 70 through to 20 is best? Or some range like that. Either way, I will be hunting for this ideal banding. 11.) With ALL of this data, highlight best portfolio segment to pounce on, then sidestep and rebalance subnets as they come in and out of those highest EV (Expected Value) bands. Holding onto the same bag of subnets long term may actually not be the best play... Of course, we will get all the answers to this in hindsight. So our job is to effectively estimate these answers as best as we can, be agile and willing to pivot. But it will definitely help us. I THINK I've got a fairly good idea on some of these answers already, but part of investing is being totally mentally fluid. So if anyone here has good contributions, please share them. Can you see how powerful all of this is!? Bittensor will likely emit to us roughly a 75% uplift of alpha over 6 months. Most subnet yields are north of 150% APY at the mo. Nice. We then use our new framework to at least 3X our amount of alpha holdings from constant portfolio sidestepping and rebalancing based on those high Expected Value bands. And TAO moves to at least $5000 worst case. When you add all this up, despite TAO only doing a 16-17X in price uplift, our entire portfolio could do a 50-100X. Or you can still do a 5-10X even if TAO price stays flat! We ALL MUST focus heavily on these questions folks...it's essential. This will enable small TAO holders to potentially make life changing gains and heroic CGT bills which you can print, frame and hang on the wall to show your grandkids how much of a Billy Big Balls/Bertha Big Boobs chad you were back in the day!

@mangocinn @SiamKidd Thanks. But I don’t know any coding, any other use cases for people who don’t know how to code?

@tadasu80 @SiamKidd For a starter you can try chutes(dot)ai

Just some thoughts on Bittensor... It's the single biggest distributed decentralising intelligence network on the planet. It casually spools up distributed compute networks that centralised entities spend years doing, it's busting out state of the art models, fine-tuning and more. As such, it has dozens of extremely smart groups/people validating on it, thousands of world leading miners doing all sorts of AI related/adjacent tasks and the decentralised AI pioneers which are the subnet owners. Many of these are companies with dozens of extremely switched on and motivated engineers/techs. It's the most thriving space I've seen since ERC20 launched... As such, Bittensor will moon or die based on the capability and success of the subnets. Just like Google is basically a massive umbrella company for 100+ companies, Bittensor is the same but for dist-decen-AI. It will be the Linux of AI and that's downplaying its potential a LOT! Fortunately and unfortunately, we have now exited the grift phase of subnets where many different parts of Bittensor could rinse the protocol for easy money. From valis to miners to subnet owners. The basic benchmark of integrity and ability is too high now since the introduction of dTAO. Nowhere for grifters to hide so to speak. Weight copying valis will be instantly seen and slowly phased out. Useless subnets with a silly idea or shit team won't get emissions. People can't massively dump their own alpha without massively hurting their emissions. It's beautiful. Now due to dTAO, TAO is routinely injected into each subnet liquidity pool. Amounts will vary due to many variables, but there is this constant flow of TAO to alpha pool now. If the sum of all subnets get below 1 TAO, there's a mechanism that will inject more TAO in to get it above 1 TAO. And thankfully, there is no coded mechanism for the opposite. Right now there's about 8% of all staked TAO that is in alpha. So what this means is that this percentage can and will only go up! We have a subnet launching every 2 days if not more and this will continue. The more subnets, the more TAO that will be sucked into alpha pools. Crypto Pareto will be in play of course. Probably 90% of subnets will most likely achieve bugger all but 10% will be mega. Chutes and Gradients have already proven this straight out of the gate! Chutes would be valued between $1-5b on its own conventionally! So 8% into alpha and most alpha has mooned. Not just the high APY in terms of new tokens you get just by holding it, but also price. Many have done 3-10Xs. So you need to be positioned in alpha. This has always been my intention from the start. But many have misunderstood my stance on them due to me constantly saying DON'T TOUCH them for the first 2-3 months due to the coded in price crash that the dTAO paper and Const (the founder) warned us. Well it's over 2 months now and the dust has somewhat settled. You don't and must NOT go all in on a few subnets. This is a very bad strategy. You need to really spread yourself relatively thin with this game. Which is why despite me being 50% in alpha, 25% is spread out across about 30 subnets and the other 25% is in about 10. If there are any rotten apples, it's not going to ruin my apple juice. So although the crazy figures you may see in my Trading Pub today...it's more believable than you think when you add up the TAO price uplift, the alpha emission uplift and the alpha price uplift over the next 6 months. This is just seesaws stacked on top of each other. I am actually a Bitcoin maxi. But in order to get more Bitcoin, I play with alts. Bittensor is my main play, so in order to risk mitigate and also get more TAO, I now play with subnets. I will slowly deploy the other 50% in root into alpha over time...bit by bit... Hope this helps!

@LaurynBahen Why The F Would I Care - your average struggling middle class citizen

Greens sign in Melbourne 🤦🏼‍♀️😳 Wtf?!

Another disappointment in crypto space $OM, luckily I’m into legit project like $RBNT

@RWAwatchlist_ Buy the dip lol

$OM just embarrassed the entire RWA space. 90% wiped. Billions gone. All in under an hour. This wasn’t random — it was coming. 🧵 The $OM disaster, explained 👇

Market manipulation at a level that no one has seen before.