What would you buy?
If you had 5 Tao to stake right now what subnet would you stake to?
If you had 5 Tao to stake right now what subnet would you stake to?
Bitcast progress. They’ll be introducing further features and report over 1,000 content creators they are connected to their network.
Bitsec about to ship their product. 24/7 code security auditing vs 1-3 times per year industries currently do.
Lium just made almost 400k in revenue and used that to buy back their shares. I’m continuing to stay bullish on Lium. End of April they did 500k, beginning of May 150k, another 400k in June, and 400k again today. They’re making crazy revenue every month.
I bought some yesterday at 0.58 cents. They are a subnet that uses miners to find the most profitable Tao allocation. After root reborn they’ll become a validator you can stake your root with.
Their long term goal is to become profitable when the bull market comes back and do buybacks. Long term hold with this one. Up 30% so far after the root reborn update.
Root staking is now changed. Staking to root will now stop the daily 1000 Tao being sold out of subnets. Instead the 1000 Tao will be left in the subnets accruing APY and being reinvested as it accrues.
This is similar to holding a dividend paying stock and reinvesting dividend payments automatically.
Anyone looking to learn more about the coming updates, Const explains what’s going on and the reasoning behind the updates in this video.
https://m.youtube.com/watch?v=GRiG2GBQ5H8&pp=0gcJCaMLAYcqIYzv
Root reborn shooting for next Monday after a delay, they’re doing more testing of the code. I support this change.
He talks about expanding to 256 subnets, still no timeline but it’s also testing. I was against this change but hearing him explain his thought process behind it makes me think different.
He co founded Bittensor. He monitors the ecosystem everyday, and sees what most of us don’t. He can also look and analyze what I can’t understand. Hearing his perspective helps. I was against the change but I understand why it’s being done and I believe in the long run it’ll be better overall.
Short term pain, long term gain. You can tell he doesn’t want to harm people building subnets and contributing to the ecosystem.
Creating a subnet just costs too much. Lowering the cost of entry for all will help introduce some diamonds in the rough that may not have a ton of money but have a great idea and are motivated to execute.
Only 4 times in its history Bittensor Tao has been below the 200 mark, and it’s also never better a better ecosystem than it is today.
Just a heads up I think Verathos is a good buy to hold
*Obviously this is all speculation*
Seven Bittensor subnets are going to be listed on Kraken.
The way this impacts Bittensor Tao is highly underrated and something that I didn’t see coming before.
If someone purchases Chutes or Targon etc. on Kraken, they indirectly bought Tao.
Example: User buys $100 worth of Chutes -> Kraken buys $100 worth of Tao -> Converts it to alpha and buys Chutes
These subnets are worth anywhere from .75 cents to $16 per share. That will draw all the retail investors that think Bittensor Tao is too expensive.
Each subnet will be easily available to purchase on their own and it pumps the price of Bittensor and the price of the subnet.
If someone just wants to invest in one of the subnets and not Tao or has no idea about Tao, they can easily do it and it benefits the whole ecosystem.
More subnets over time will be listed and more exchanges over time will be listing the same subnets. Imagine a day there are 50-128 subnets listed all being purchased on exchanges easily.
It removes the complication of downloading wallets and staking. It is possibly the biggest price catalyst news of this year.
This is a very unique feature of Bittensor. Making quality investments can increase your share without spending another dollar.
I don’t recommend doing what I did, I went from 10% to 95% staked into subnets. But if you do research, follow X accounts of subnets, and keep up with daily updates you can make informed decisions.
I want to get into one more position for this bear market. I just don’t know what to buy!
I have 2 AI plays Bittensor Tao and VVV.
I’m in zcash.
It’s between Hyperliquid, which I think has become too expensive, SUI, SEI, AERO, Kaspa, or literally gamble and buy a low low cap meme coin (keycat)
Any thoughts?
https://taodaily.io/bitsec-sn60-arguably-the-most-overlooked-subnet-on-bittensor-right-now/
Huge news. Bitsec went from being silent to this. Found 160 vulnerabilities versus Fable 5 finding 60!
Rewriting the business model on cyber security and just starting to generate monthly revenue. Interesting article to read.
I know there’s been a lot of controversy with this, however I’m excited for it. I didn’t know root is currently selling 1,000 Tao a day out of subnets to have a 6-7%APY for root staking.
I definitely support the new change.
I think it’ll return higher APY yield than the current 6-7%
The APY is invested into the subnets and supports the ecosystem, which lets be honest, severely needs some growth.
You don’t risk losing any of your original root investment and keeps reinvesting the APY continuously.
Validators are competing for the best returns so they attract the most Tao root holders.
It’s a win for everyone. Yes some validators might benefit from back door deals, but there are big money people already doing this behind the scenes with large pump and dumps.
I’m currently trying to get as much Tao as I can in the subnets to invest into root when this change happens, it’ll be cool to contribute to the ecosystem while also seeing my staked Tao pump.
https://x.com/daanisharif/status/2067560331900240333?s=46
Wallet dumping on subnets owns alpha in 4 more subnets
What’s your opinion on Vocence? Really active team on twitter, multiple partnerships, unique niche, founder has professional experience in AI, and they’re always interviewing on many podcasts.
Why is the market cap so low?
I know the conviction update was controversial, but in my opinion it makes me more comfortable investing into their subnets when I know they’ve locked in their own money into their company.
I staked into swarm and nova after seeing this. Long term holds