τha mankey

A summary from @const_reborn on the upcoming #Bittensor ecosystem upgrade 🟣 Give 6 minutes of your time to understand what is going to change in regards to subnets $TAO

Bittensor has been a rabbit hole that keeps drawing me deeper. Over the past few months, I’ve spent quite a bit of time researching and engaging in conversations with subnet miners, validators, and owners. Given its complexity, Bittensor is often misunderstood. So here’s my attempt at summarizing what Bittensor is. -- Bittensor continuously rewards new, better machine learning (ML) models across a variety of targeted use cases. While several decentralized projects at the crypto-AI intersection focus on decentralizing specific machine learning stack components, such as training, inference, or data collection, Bittensor takes a different path. Bittensor boldly competes with full-stack AI giants like OpenAI, Google, and Anthropic, who engage in the entire AI lifecycle — from conceiving new algorithms and collecting data to training models and hosting them for inference. Ultimately, Bittensor’s overarching vision is to create an ecosystem capable of generating the necessary resources required for the production of machine intelligence. To realize this, Bittensor has built a framework that simplifies the creation of digital commodity markets, known as subnets. These markets can be tailored to incentivize individuals to contribute their expertise, intellectual property (e.g., models), and digital resources, including compute, storage, and bandwidth, for a diverse range of AI and non-AI applications. To grasp the concept of digital commodity markets, think of Bitcoin. Bitcoin operates as a commodity market for compute, where miners are incentivized to contribute compute power for SHA-256 hash calculations and are rewarded in proportion to their computational contributions. Instead of commoditizing SHA-256 hash production, Bittensor commoditizes AI model creation and discovery. Within Bittensor, each subnet develops its own incentive mechanism tailored to a specific use case. These use cases include text and image generation, web scraping, data storage, and pre-trained model production. This approach enables Bittensor to effectively mine AI discovery and execution resources across many subdomains. With subnets, Bittensor can address the long tail of AI models, catering to niche industries, specialized AI applications, and unique problem-solving scenarios often overlooked by mainstream AI solutions. Architecturally, Bittensor evolves into a network comprising various self-contained economic markets, seamlessly united under a single token (TAO) ecosystem, all geared towards the goal of advancing machine intelligence. Within this ecosystem, tokenholders shape the network's trajectory by determining the allocation of capital to each subnet. Their decisions regarding the proportion of network emissions directed to each subnet actively guides the direction of AI development within Bittensor. (shouout to @saypien for helping articulate this) Read the full @MessariCrypto report here: messari.io/report/discove…

@crypto_universo Nice summary thank you👌🏽

Community call, I'll let you know if there are surprises. $WINR

Binance, Kraken, Coinbase: never lost customer money. DoJ &/or SEC go after them. FTX: biggest fraud since Madoff & customers rekt. Politicians accept millions in donations from SBF, and the bureaucrats get cozy with him Gov just keepin us all safe right? ¯\_(ツ)_/¯

Just reserved my $Send Tag app.send.it/?referral=4624… #send

Dissecting the Impending CRE Crisis Soon u'll hear a lot more on CRE. Why? B/c US banks & PE firms are headed for real estate doomsday. 4 collapses in 11 days $270B in CRE loans due EoY $3B+ defaulted in March 2023 alone What is CRE & why does it matter? What's next? 👇 🧵/ Let's break it down.

1/x With 10s2s hitting -80bps, lots of talk on *deeper* inversions leading *deeper* recessions. But no evidence. So I ran the numbers and here's what I found (Tldr; the *size* of YC inversions don't matter for recession prediction. What matters: whether inversion occurs or not)

1/n - Core Scientific going under - you don't need to be a genius to know that that is literally pretty bad. But a non event in the long run

🧵people love their houses, will do whatever it takes to keep them. for many mortgage rates/repayments have tripled & will be stuck there for next 1-2years. people will cut back spending on everything to keep their home & family clothed & fed. then there is their next level of..

$ETHBTC since the merge.

Fresh off the press... this month we explore the unprecedented level of destruction hitting US housing and consumers. I also share what I believe is probably the single most terrifying chart in macro right now. Sign up free and get monthly updates. rvtv.io/3Rf1jsm

$BTC to sub $20k

1/x🧵 THE JAPAN MOMENT IS NOW. If you think crypto is crazy right now, watch what's happening to the worlds MOST indebted #g7 country! Forget FOMC. Forget 3AC. Forget Celcius. Since 2010 I've been closely following this situation... Thanks to @Jkylebass

INFLATION video from your leaders @JoeBiden 2021: "I don't know anybody that is concerned about inflation" Watch this amazing video & stop defending your political party like they are your college football team. Hold leaders accountable for ignorance & blatant lies.

Why stETH and ETH "peg" breaking should cause you to worry. 1/x

"You're talking over $900 billion of liquidity being drained from global financial markets between now and year end. That $900 billion is greater than the entire sum of the prior quantitate tightening from 2017-2019. That is going to be a bumpy ride." - @42macroDDale

"We're Approaching A Slowdown": Bridgewater Braces For Stagflationary Shock And Fed Rate Cut Capitulation; Buys Billions In Credit Index Swaps zerohedge.com/markets/were-a…

It's important to repost this often. If only my account was larger, many more could have been saved. $ETH RT's appreciated.

Giving away 1 #Stepn activation code Just RT this tweet Must follow me ofc You’ve got 4 hrs🔥

Okay, got 2 Stepn codes Will give them per retweet picker Good luck