BitTensor TAO

TAO became my top portfolio position, overtaking KAS after gaining 300% in the last month! Show More

I'm sharing this post as an update on Bittensor, to show how projects are building and launching on it. Show More

I always wondered why Bittensor wasn't exploding with user generated subnets and didn't have the time to dig into it. Show More

A quick search on Bittensor's progress made me even more bullish than I already was.

In over a year of reading reviews on Cyrator, I've come to realize that progress updates are a lot more important than fundamentals reviews to estimate a project's long term success. Show More

Here's the Breakdown

What do you like about the project? Bittensor’s decentralization ensures no single entity holds authority, empowering individuals and encouraging innovation. Show More

Bittensor Halts Network

The Bittensor Network ($TAO) has halted its network after reports of security attacks on wallets, first identified by ZachXBT. Show More

Bittensor ($TAO) is "pioneering the decentralized production of artificial intelligence", and "the Bittensor protocol establishes a marketplace that transforms machine intelligence into a tradable commodity." Show More

BitTensor - $TAO recently made an upgrade to one of their subnet called Corcel Studio Ultra which competes against Midjourney as best of breed in image generation.

I used it to generate the images below with a prompt "Photorealistic images representing decentralized artificial intelligence", overall it is very impressive results that would cost thousands of dollars in the past from a high level artist to generate, now with the power of Generative AI, we get these free in this case within a few seconds. Show More

BitTensor is thus far the best infrastructure to train and operate AI models in a decentralized fashion.

Potential ROI

Looking at the fully diluted market cap and the current available on Tier1 exchanges, I would say we are looking at going from $1.8B currently to $30B to $50B market cap by the peak of the bull run in 2025 (which is my personal estimates which could be widely off). Show More

I didn’t bother to research this project when I first heard of it earlier this year (2023), as AI was in full media hype cycle and it was hard to find the signal in the noise. Show More

They say Bitcoin has more computing power than the top 500 supercomputers combined. Bittensor aims to build a similarly powerful computer network to run publicly owned AI that could rival existing privately held AI. Show More

BitTensor is an ambitious decentralized machine learning network aiming to collaboratively advance AI through incentive structures. Show More

BitTensor has a pretty strong social media following, as follows:

Twitter - 37.3k Followers Telegram - 2.5k members, 222 online Medium - 194 followers (even with no posts!) Show More

I wished that the BitTensor team would be available to see on their website, as they are an extremely talented team, and it would be great to always find out more about their team. Show More

I was only able to find the Tokenomics of BitTensor via their 'TaoStats' at the bottom of their site. Show More