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Greg Schvey Profile
Greg Schvey

@GSchvey

Followers
295
Following
2K
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- Tech, markets, history, occasional MMA - CEO @Axoni, sold @TradeBlock - Life is too short for lazy workouts

Joined May 2022
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@GSchvey
Greg Schvey
1 hour
This means bittensor dtao alpha tokens are meme coins driven by speculation, with inverted supply/demand dynamics It's befuddling; the network is generating real value for end users tapping global compute, but there seems to be an aversion to directly tying that to token value
@GSchvey
Greg Schvey
5 hours
Further to this point, there’s no fundamental demand driver for alpha tokens with bittensor dtao They’re not required to use a subnet’s compute. Why hold them other than speculation? The most compute intensive SNs have strong fundamental selling and no fundamental bid
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@GSchvey
Greg Schvey
2 hours
Tulsi and RFK Jr confirmed. If Kash gets approved Trump will have a sweep on confirmations. Shocking cohesiveness from republicans that have been dysfunctional for years.
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@GSchvey
Greg Schvey
2 hours
@elonmusk @DOGE Worth noting, LexisNexis is a leading provider of ID verification services, so he has a commercial interest in seeing the federal government create the largest contract in the world for that industry. Doesn't mean he's not correct, but important to understand the context
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@GSchvey
Greg Schvey
3 hours
@eyeslasho False equivalency. The equivalent would be to insist we call the Gulf a desert.
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@GSchvey
Greg Schvey
4 hours
@TheDemocrats @AyannaPressley Please keep posting things like this. Really, we couldn't be happier about these brilliant takes on public policy.
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@GSchvey
Greg Schvey
4 hours
Bittensor (Tao) having lower mkt cap than ETH Classic (and 36 others) is an obvious mispricing It has one of the strongest and most unique value props of any network (albeit with a questionable incentive structure IMO) There's constant, tangible value delivered to users
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@GSchvey
Greg Schvey
5 hours
Further to this point, there’s no fundamental demand driver for alpha tokens with bittensor dtao They’re not required to use a subnet’s compute. Why hold them other than speculation? The most compute intensive SNs have strong fundamental selling and no fundamental bid
@GSchvey
Greg Schvey
10 hours
dTao alpha token price is driven by net demand. Miners who have power intensive compute will naturally be forced sellers to cover high power costs. This would disfavor alpha token value in subnets performing high complexity / high value tasks. Seems inverted…
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@GSchvey
Greg Schvey
5 hours
At this point, coding with AI is like cooking with a recipe and private chef tutor. If you can follow instructions and interact thoughtfully, you don't need much skill to do quite a bit. Also gives you a lot of appreciation for people who have those abilities without the help.
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@GSchvey
Greg Schvey
5 hours
@ScottAdamsSays Yes you are. That’s what the election was for
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@GSchvey
Greg Schvey
10 hours
dTao alpha token price is driven by net demand. Miners who have power intensive compute will naturally be forced sellers to cover high power costs. This would disfavor alpha token value in subnets performing high complexity / high value tasks. Seems inverted…
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@GSchvey
Greg Schvey
1 day
@xanderatallah @manifoldlabs "Free" meaning paid for by inflation (emissions) It's impressive that this is possible for now, but tough not to question the longevity / long-term reliability of a system designed this way
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@GSchvey
Greg Schvey
1 day
@Cernovich Particularly perverse given the COVID shots themselves are proven to create risk of heart issues in children
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@GSchvey
Greg Schvey
1 day
Don’t make me tap the sign
@GSchvey
Greg Schvey
10 months
Bitcoin selling off after higher-than-expected CPI print shows there is still opportunity left in the asset. The market is reacting to expected Fed actions (i.e. lower chance of stimulating rate cuts in the near term) and ignoring the bigger trade: the Fed is not in control.
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@GSchvey
Greg Schvey
1 day
@dgsommersmkts Amazing how, once into power and responsible for short term outcomes, people abandon these views Greenspan used OMO to buy UST with newly created money after the 87 crash Did the same thing after dot com crash. M2 increased 8% in 2001 alone Always the same story
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@GSchvey
Greg Schvey
2 days
@bennyjohnson Directive to use Gulf of ***America***
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@GSchvey
Greg Schvey
2 days
@krassenstein Yea... totally reprehensible
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@GSchvey
Greg Schvey
2 days
@dgsommersmkts Oh I agree with you. It's reprehensible that governments print money for short-sighted goals at the cost of their population's wealth and, potentially, their very existence - and it most affects those already struggling Unfortunately, history has shown us that's human nature
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@GSchvey
Greg Schvey
2 days
@hanslorei @krassenstein @NexxMeta @realDonaldTrump Genuinely curious why you say they look bad and hurt your eyes? I have my entire place outfitted with Philips Hue LEDs that I keep set to the perfectly comfortable warmth and dimness. Couldn't be happier with them
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@GSchvey
Greg Schvey
2 days
@GadSaad Same, and this is unfortunately accurate
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