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r/bittensor_

▲ 3 r/bittensor_

Subnet 93

I'd say everyone needs some exposure to Bittensor SN93 Bitcast

$225k revenue generated so far from $TAO ad revenue ONLY

But this is the part people are missing..

It’s been only 5 months since expanding beyond YouTube into X

Now they’re covering:

$HYPE
Prediction Markets
AI Agents
Privacy

And they are expanding into other ecosystems and social platforms

Soon the revenue will be bigger than the market cap and a large % goes into buybacks

I wouldn’t sleep on this

u/Fantastic_Alfalfa_65 — 24 hours ago
▲ 5 r/bittensor_

There is a CRITICAL problem with Bittensor the "Bitcoin of AI"

It’s a shame that block validation is a “proof-of-authority” system that is, a centralized mechanism dependent on just a few people. Yes, I know that Bittensor is also a “proof-of-intelligence” mechanism that combines proof-of-work and proof-of-stake but this is on the subnet's layer only. What I'm talking about is the system’s foundations, the most important part of any cryptocurrency: the blockchain itself and the nodes who validate and add blocks to the chain.

Right now the system is not fully decentralized because of the "proof of authority". I know that “it will change” with updates. But when? Bittensor has been around for five years now, and this problem (yes it's a problem) still persists. With this problem, Bittensor will never be worth more than $1,000 or $2,000 (and I’m actually being very optimistic). People will never trust Bittensor the way they trust Bitcoin. Never. This problem must be resolved as soon as possible; otherwise, Bittensor will remain an excellent project on paper but one that will never take off in reality because people won’t trust it and say "actually it's centralized".

What makes Bitcoin so valuable is that people know they don’t need to trust the nodes (miners) who validate and add blocks to the chain. Why? Because Bitcoin’s decentralization is real and complete, and it’s a solid proof-of-work system. Don’t trust, verify. It’s precisely because there’s no need to trust anyone that people trust Bitcoin. I want that for Bittensor too. Without that, Bittensor will remain flawed, people won’t trust it, and the price will never take off either.

This is why I didn't invest in Bittensor. It's not worth my money. Complete decentralization is the most important thing in any serious crypto project. Bittensor does not fulfill this basic requirement for the moment. So, don't say Bittensor is the "Bitcoin of AI". It is not because it's not even fully decentralized on its most basic part contrary to Bitcoin. So "Bitcoin of AI" is a title Bittensor does not deserve because Bitcoin is FULLY decentralized and Bittensor is not.

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u/Aware-Elderberry885 — 2 days ago
▲ 4 r/bittensor_

Subnet rotation fees

I'm sure this has been covered before. I'm new to bittensor staking and trying to get my head around the fee system. I'm trying to make small test trades and rotate in and out of subnets to test my ability to be profitable.

UBut it seems that the fees on small trades are too expensive, I don't know if it's the same on larger trades as I haven't tried. I'm swapping around $50-$100 at a time and my free TAO balance is getting chewed through, minimum $2 per trade.

I'm trying to find out the fee structure? Is it fixed? Is it a percentage? Am I experiencing slippage? I highly doubt the last one with such small trades. Any info would be appreciated 🙏

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u/Technical-Pie-4317 — 4 days ago
▲ 22 r/bittensor_+1 crossposts

Siam Kidd’s The realistic Trader course is a 1000% a scam

Paid a £500 monthly fee for Siam Kidd’s the realistic trader course on it was numerous examples of Siam buying crypto currencies on the ecosystem Tao with low liquidity. He then promised his following an easy 2-3x and then proceeded to dump on his following which lead to huge outrage on his discord with factually correct accusations claiming he had encouraged people to hold whilst he dumped on his following and thus used his following as exit liquidity.

Siam had brash behaviour throughout the process on his paid discord - going harsh on members who stood up to him and complained about the service despite him charging huge money just to pump and dump low liquidity subnet tokens on his following.

The screenshots are more so proof of Siam’s abrasive behaviour some of them have been posted on Reddit before but be aware that Siam Kidd is a scammer who markets himself as a legit trader only to trade and dump on his following.

One discord member is seen as being on the verge of tears due to the money he has lost, another shows that other members are simply to fearful to stand up to the guru they paid money for with one member quoted as saying “others want to speak out but they are afraid to” showing Siam’s dictatorship like control of the discord . Siam remains non chalant and never replies to the complaining customers nor the rants of the people who lost money on his own discord.

He also owns a crypto hedge fund with mark Creaser be very aware absolutely do not join therealistictrader.com

Be aware that since the previous Reddit post Siam has been getting deluded members to write Trustpilot reviews to drown the bad ones

https://uk.trustpilot.com/reviews/689880e454fa5a2fa932ebb5

https://uk.trustpilot.com/reviews/6951721d8ff02f193f5713d9

https://uk.trustpilot.com/reviews/648c3ed2a3b8b60f5fd5bbe6

https://uk.trustpilot.com/reviews/621de4bb8452773c3e442ec6

This review above shows Siam doing the same thing using members as exit liquidity with members rushing in to get a manipulated “Siam Candle” bear in mind this was in 2022 now 4 years on the same scam is still on going

Siam also had ridiculous price predictions predicting in earlier YouTube videos which he used to lure his followings for high returns of course all said price predictions were not met at all and Siam never commented on them

https://x.com/pritensor/status/2017642117766553774?s=46 Siam stated that the end of cryptocurrency bull market Tao would reach $3000 minimum only for it to stagnate at $280 at the time of writing

https://x.com/pritensor/status/2017375317183041928?s=46 Siam Kidd predicted $3700 per Tao token only for it to never happen

https://x.com/vadimkus3/status/2013098076328853822?s=46 Siam Kidd’s price predictions of $3000 a Tao which he stated would easily happen in his YouTube videos bear in mind his followers pay $7000 dollars a month for his course

Members were left frustrated due to his price predictions not coming true and being used as exit liquidity both in trust pilot , google reviews complaining that price targets were never met and that they were told to hold while price went down

Since a similar post last month on fake guru Siam then got his followers to write 5 star reviews- ignore them he’s a scammer who can’t trade .

Please don’t be an idiot like me and join this course and give this charlatan your he’s a conman of the highest order and the screenshots are proof

Screenshots show members unhappy with how much they paid for bad trades, unhappy with Siam’s rude behaviour, unhappy with the lack of various posts on discord, claiming the discord was largely empty despite Siam charging $7000 a year for access , large amount of members losing large chunks of their protfolio under Siam’s guidance whilst Siam grows ever richer

Many complain of portfolios down by 50 percent under Siam’s guidance and advice with many ranting against his guru ship be very warned by this man he will use you for membership fees and suck you dry

u/coryroryrodgers — 5 days ago
▲ 6 r/bittensor_

What real use with bittensor?

Hi,

I am new to Tao, im learning and I am thinking of buying a few, because the technology is interesting and the staking system looks cool and have a great apy.

There is a lot of discution about the ai technology, but I cant find much informations on real use of it, like where can I actually use what bittensor is developping, and are companies or people actually using a.i made by bittensor? I have some trouble to grasp the actual use and utility of the project.. If someone could share its knowledge with me, I would appreciate it 😄

Also, I should use the talisman xyz wallet apparently, but I saw some concerning info about the safety of it, and all of the wallet etc seems.. a bit scamy and not straightforward. What would you suggest, and if you have a reliable guide about it that is not a shill video, that would be great!

Thank you and have a great start of the week!

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u/SettingThick103 — 4 days ago
▲ 0 r/bittensor_

Stacked TAO no getting dividends anymore

Hi, my Tao stacked on Tao.com wallet does not bring any dividends anymore, what is wrong ?

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u/usv566 — 4 days ago
▲ 15 r/bittensor_

Just a PSA

I’m sure this is all obvious in hindsight but when the same people who are asking “can you tell me what bittensor is?” starts to nonstop post “we’re going to the moon!” You should probably realize that we are in fact, not going to the moon. Don’t FOMO, take some time (even a year is fine) to really learn why you value this project. Listen to podcasts, watch YouTube videos, hell, just have an hour conversation with your favorite LLM. Earn your conviction, don’t borrow it. And THEN if you think it’s worth “investing” in, then do it!

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u/MushroomDizzy649 — 5 days ago