u/RecognitionCute9506

Open for discussion — credit to @LeMacroCap on X, this is his question, not mine:

“If my company builds a Bittensor subnet, miners and validators improve the product, and I make millions selling it to customers.

Why do I need to buy $TAO, and how does my company’s success create value for $TAO holders?”

Curious to hear everyone’s opinion. I love Bittensor, I just seen this on X and it got the community talking so I figured I’d ask it here.

I don’t know if you guys remember this post but I always go back to it and read the comments and how OP gave a very thorough analysis. Just stay the course, it will get better!!

WE ARE STILL EARLY

https://www.reddit.com/r/bittensor_/s/l5rPYPk564

As of today it’s confirmed by The Information, Axios, Reuters, Bloomberg, and CNBC: the Trump administration asked OpenAI to stagger the release of GPT-5.6. Limited preview, small group of partners, and federal officials approving access customer by customer during the preview window.

This is the second time in three weeks. Two weeks ago it was Anthropic’s Fable 5 and Mythos 5, pulled over a Commerce Department directive. Now GPT-5.6 gets gated because it reportedly has “Mythos-like” capability that crosses a classified NSA threshold. It’s running under an executive order Trump signed June 2 that gives the government up to 30 days to review the most capable models before release.

Sit with what that means. The two most advanced AI labs on earth no longer fully control who gets access to their own models. A single phone call from Commerce reshapes a product launch. That is the definition of a single point of control.

This is the exact failure mode Bittensor was built to route around. You can gate a company. You can’t gate a permissionless network of miners spread across every jurisdiction on earth. There’s no CEO to call, no single coldkey to freeze, no headquarters to send a directive to. The thing that makes centralized AI controllable is the thing decentralized AI doesn’t have.

I’m not claiming Bittensor runs GPT-5.6 or that subnets are frontier models today. That’s not the argument. The argument is structural: when governments start treating AI capability as something to license and gate, the value of infrastructure that can’t be licensed or gated goes up. The whole reason this network exists just got demonstrated twice in a month, on the front page, by the two biggest labs in the world.

Greg Schvey — co-founded TradeBlock (acquired by London Stock Exchange Group), now runs operations for Barry Silbert’s Yuma — just dropped his “State of Bittensor” presentation from the Yuma Summit. It’s the most data-backed bull case I’ve seen from anyone inside the ecosystem. No hype. Just numbers.

AI investment is no longer optional. Companies that didn’t invest in AI have had flat revenue for three years. Top AI spenders grew revenue 100%+. GitHub commits went from 200M/year to 1B in 2025. 2026 is on track for 14 billion. The genie is out of the bottle.

But who do you trust with that intelligence? Claude Opus 4.6 had a 16% hallucination rate in February. Then Anthropic quietly throttled its reasoning to save on GPU costs. Hallucinations jumped to 33% — a 98% increase. They only admitted it after third-party benchmarks caught them. Same price the whole time. Ask DeepSeek what happened at Tiananmen Square and see what you get. When centralized companies and foreign governments control intelligence, they decide what gets throttled, censored, or hidden. That’s the problem Bittensor solves.

Bittensor’s structure is unlike anything else in crypto. Polymarket saw 800% volume growth. Polygon’s token dropped 80% over the same period. Why? Smart contract activity doesn’t flow back to L1 tokens. Bittensor is the opposite — you need TAO to access subnets. Value flows directly to the network token.

The tipping point is showing up in the data:

•	Combined subnet market cap broke out of a year-long $750M range and nearly doubled

•	Daily active wallets approaching 10,000 — up 100% in a year

•	Median holders per subnet hit 2,000 — 10x since dTAO launched

•	Leadpoet crossed $1M ARR. Bitcast operating profitably. Lium buying 4,000+ TAO of their own token

•	Harvard partnered with Chutes. Valeo ($20B revenue) working with NATIX on self-driving AI

•	8+ subnets independently using Chutes for inference — an organic economic graph forming

•	16 custodian and wallet partners including BitGo, Bitget, Crypto.com, and Copper

•	Yuma funds outperforming TAO by nearly 3x YTD

Agents are already operating on Bittensor. Subnets mined by agents. Subnets operated by agents. Permissionless entry means any agent can compete.

As agents get more capable, the flywheel spins faster. Bittensor is uniquely built for this.

Greg closed with: “The time to nail this is right now. If we don’t, someone else will.”

Bittensor seems to be a beast right now and repricing for TAO might get hectic!!