Bittensor TAO - How does Bittensor work? 🧙‍♂️🧑‍🏫🤖 We dive into some examples to understand how it all works. Big thank you to @simioape for sponsoring this video! This video wouldn't exist without his help. He's one of the OGs. #bittensor $TAO

@JosephJacks_ Beautifully put

RT @JosephJacks_: Permissionless incentives don’t exist in the world of companies. You need country X permission to launch startup Y to ser…

$TAO is the base coin, the " $ETH " needed to buy subnet tokens. Except with one big improvment over $ETH: $TAO's monetary value is the sum of the value of all it's subnets put together. You don't get that with $ETH.

Not to necessarily pick on anyone in particular, it's important to be open minded about the possibility that you're wrong about $TAO. However, almost every critique I've seen of $TAO shows that the author doesn't actually understand the network. Anyone seen any good critiques?

Valid points. Root stakers fit the description you've provided. Subnet stakers also fit the description except instead of losing money if bittensor fails, they also lose money if their subnet fails too. For this extra risk they get higher APR. With regular non-bittensor stakers, they dont actually provide much value to the network other than locking up funds to reduce sell pressure. Subnet stakers actually provide value to bittensor, accelerating it.

@gregmcb74539558

@her6616293 Yes, taostats is aware and it's being worked on

Rendering this highly anticipated 2hr video... my poor GPU is strugglin, if only there was some sort of decentralized network that provides cheap GPUs... Prolly unrelated: Don't worry, the #bittensor $TAO miner course is nearly done. Having a buddy audit it, then it'll be out.

@KeithSingery Yeah, I've been wondering if valis will eventually do kickbacks to their stakers.

RT @DreadBong0: #Bittensor is on the verge of becoming unstoppable #dTAO rips up the validator fuckery and transforms $TAO into a self-reg…

RT @SiamKidd: Huge Crypto Deleveraging Event...but this is SO bullish!

Under-appreciated subnet right here. The traveling salesman problem (TSP) is when you need to visit a bunch of destinations, and you're not sure what order is most efficient to visit all the destinations (like a package delivery driver). It's a simple problem, but very hard to come up with the optimal route that optimizes for time efficiency. Even a handful of different destinations makes determining an optimal route computationally impossible. So we go with our best guesses based on heuristics. This subnet rewards miners that come up with the best solutions to the problem. Needless to say, it's outperforming thanks to #bittensor's permissionless global competition. For large companies like Amazon, UPS, Walmart, shipping, etc, finding optimal solutions to the TSP means big $$ savings, which means eventually, purchasing access via $TAO / alpha tokens to this #bittensor subnet will save them money and increase their efficiency.

My prayers were answered, more $TAO for everyone! Not financial advice and all, but once you get used to buying fear, it starts to feel... good.

@FrankRizz07 I, for one, am enjoying buying the fear.

@DrocksAlex2 ty for dip ser

@cbsimmonsjr6 Thanks man, I appreciate it!

@CLeickert @simioape Right, similar to purchasing shares in a company.