BasedAI WP: Why would I want a Brain? I'll tell you another reason why! EXCITING!!

Summary

In this video, the host discusses the cryptocurrency market with a focus on Tron, which is experiencing a surge due to a potential scam. They express skepticism about Tron's longevity, noting its tendency to copy other networks. The host also reviews various meme coins, highlighting their volatile nature. A significant portion of the video is dedicated to explaining Base AI's white paper, emphasizing its Temporal Fusion Transformer for fair reward distribution and the utility of Base tokens for computational tasks. The video concludes with excitement about the earning potential for brain owners and validators within Base AI's network, suggesting the project's transformative potential for AI and its investors.

Takeaways

• 📈 The fear and greed index is at 46, indicating a neutral sentiment in the market.
• 💰 Tron is experiencing a pump likely due to a 'sun pump', which the speaker suspects might be a scam.
• 📊 Binance's index is at 30, and the speaker is not particularly enthusiastic about Tron's long-term prospects.
• 📉 The speaker warns that tokens that experience significant pumps are likely to have significant dumps, using Naro as an example.
• 🤔 The speaker expresses skepticism about Giga Chat, unsure of its legitimacy.
• 🚀 The speaker is excited about the potential of Base AI, highlighting its self-improving network and the use of Temporal Fusion Transformers for reliability.
• 💼 Base tokens will be used for computational tasks within the Base AI network, including fees for prompts and completion costs.
• 💹 The speaker anticipates high demand for Base tokens due to their utility in paying for network services, which could support the token's value.
• 🏦 Base AI supports DeFi applications with a built-in Ethereum Virtual Machine, allowing for smart contracts and other DeFi tools.
• 💰 There is potential for significant earnings for brain owners in the Base AI network, with the possibility of charging registration fees to miners and validators.
• 📈 The speaker is bullish on the future of Base AI, believing that it will transform the AI industry and provide substantial financial opportunities.

Q & A

What is the current fear and greed index mentioned in the script?

The fear and greed index mentioned in the script is 46.

Which cryptocurrency is mentioned as being pumped due to a potential scam?

Tron is mentioned as being pumped, possibly due to a scam.

What does the speaker think about the sustainability of Tron's current state?

The speaker is skeptical about Tron's sustainability, as it copies many features from other networks.

What is the general advice given about tokens that experience a significant pump?

The speaker advises that if a token pumps a lot, it will likely dump a lot, suggesting caution against investing in such volatile tokens.

What is the speaker's opinion on the utility of the Base token?

The speaker believes the Base token has a high utility, as it is required for various computational tasks and fees within the Base AI network.

How does the speaker describe the Temporal Fusion Transformer (TFT) system in Base AI?

The TFT system is described as a mechanism that ensures the accuracy and reliability of the models used in Base AI by continuously comparing predictions against real-world outcomes.

What is the registration fee for miners or validators wishing to contribute to a brain in Base AI?

The default registration fee for miners or validators wishing to contribute to a brain is 100 Base tokens.

What is the maximum capacity of validators and miners per brain in the Base AI network?

Each brain in the Base AI network can accommodate up to 256 validators and 1,792 miners.

How does the speaker view the potential earnings for brain owners in Base AI?

The speaker is very excited about the potential earnings for brain owners, suggesting that they could be rewarded very handsomely.

What is the significance of the built-in Ethereum Virtual Machine (EVM) in Base AI?

The built-in EVM allows any DeFi service or application that works with the EVM to operate within the Base AI ecosystem, providing compatibility with Ethereum-based projects.

What is the speaker's final recommendation for those interested in Base AI?

The speaker recommends doing homework on Base AI, following the channel for more information, and considering investment in both Pepe coins and Base tokens as they could both be winners.

Outlines

00:00

📈 Market Overview and Tron's Sun Pump

The video starts with a general market update, highlighting the fear and greed index at 46 and Binance's at 30. The focus then shifts to Tron, which is experiencing a surge due to a 'sun pump,' suspected to be a scam. The host expresses skepticism about Tron's longevity, as it appears to be mimicking other networks without clear utility. The segment also touches on the volatility of meme coins, using the example of Naro, which experienced a significant drop after a pump, illustrating the high-risk nature of such investments.

05:03

💡 Base AI's Temporal Fusion Transformer and Network Reliability

The host delves into Base AI's white paper, emphasizing the Temporal Fusion Transformer (TFT) system that aims to enhance the network's reliability and fairness by accurately rewarding trustworthy and productive miners and validators. The TFT's function is to compare predictions with real-world outcomes, ensuring model accuracy. Additionally, a trust score system is mentioned, which adjusts weights to correct discrepancies between the trust score and actual contributions, leading to a self-improving network.

10:03

💰 Base Token's Utility and Economic Framework

The summary explains the utility of the Base token, which is integral to the network's core functionalities. It is used to pay for computational resources measured in compute units, which are unique to Base AI. The token is required for all fees within the project, including prompt and completion costs. The pricing structure is divided into prompt cost and completion cost, both denominated in Base tokens. The host also speculates on potential demand for Base tokens due to their extensive use in the network, suggesting a possible resistance to value dilution.

15:05

🏭 Network Participation and Registration Fees for Validators and Miners

The host discusses the economic incentives for network participants, particularly brain owners, miners, and validators. There is a registration fee for those wishing to contribute resources to a brain, which is initially set at 100 Base tokens. The fee is adjustable by the brain owner and affects subsequent contributors, while grandfathering in early registrants. The potential revenue from this fee is highlighted, especially considering the capacity for each brain to accommodate a large number of validators and miners.

20:09

🌐 Base AI's Integration with DeFi and Ethereum Virtual Machine

The final paragraph outlines Base AI's support for DeFi applications through its built-in Ethereum Virtual Machine (EVM). This integration allows any DeFi service compatible with the EVM to operate within Base AI's ecosystem, including smart contracts, liquidity markets, and swap services. The host also mentions the potential for kbot to be used within the Base AI network, highlighting the project's transformative potential for AI and its ability to enhance the lives of investors and participants.

Keywords

💡Fear and Greed Index

The Fear and Greed Index is a widely used indicator in the financial markets that measures the sentiment of investors towards a particular asset, in this case, cryptocurrencies. It ranges from 0 (extreme fear) to 100 (extreme greed). In the script, it is mentioned as being at 46, suggesting a neutral sentiment. This index is relevant to the video's theme as it sets the stage for discussing market conditions.

💡Binance

Binance is one of the world's largest cryptocurrency exchanges, known for its trading volume and variety of cryptocurrencies available for trading. In the script, the speaker mentions Binance's index, which likely refers to a sentiment or market indicator specific to the Binance platform. It is used to illustrate the current market sentiment and is a key concept in understanding the video's discussion on market trends.

💡Tron

Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with decentralized storage technology, allowing easy and cost-effective sharing of digital content. In the video, Tron is highlighted as a cryptocurrency that is 'running a little bit here,' indicating a temporary increase in value, possibly due to market manipulation or 'pump,' which is a concern raised by the speaker.

💡Meme Sector

The term 'meme sector' in the context of the video refers to a category of cryptocurrencies that are based on internet memes or jokes, which can experience rapid price fluctuations due to social media influence and speculation. The speaker expresses skepticism about the sustainability of the Tron cryptocurrency, associating it with this volatile sector.

💡Pump and Dump

A 'pump and dump' scheme in the financial markets, particularly in the context of cryptocurrencies, refers to a practice where the price of an asset is artificially inflated (or 'pumped') often through misleading or exaggerated statements, only to be sold off (or 'dumped') by the manipulators at a profit, leaving other investors with losses. The script mentions a 'pump' related to Tron, indicating a potential market manipulation.

💡Base AI

Base AI is a project mentioned in the script that appears to be focused on creating an intelligent system for managing computational resources and rewards within a network. The term is central to the video's theme as the speaker discusses its various utilities, economic framework, and potential for network participation and rewards.

💡Temporal Fusion Transformer (TFT)

The Temporal Fusion Transformer (TFT) is a system mentioned in the script that is used by Base AI to ensure the accuracy and reliability of its models by comparing predictions against real-world outcomes. It is a key concept in the video as it illustrates the technological innovation behind the Base AI project and its approach to maintaining a fair and trustworthy network.

💡Compute Units

Compute units in the context of the Base AI project are a measure of the computational resources needed to run large language models (LLMs) within the network. They are a core concept in the video as they directly link the cost of computational tasks to the network's incentive structure, and can only be purchased with Base tokens, emphasizing the token's utility within the network.

💡Brain Owners

In the Base AI network, 'brain owners' likely refer to individuals or entities that own and operate the computational 'brains' or nodes within the network. The script discusses the potential for significant financial rewards for brain owners through registration fees paid by miners or validators wishing to contribute resources to a brain, highlighting the economic opportunities within the Base AI ecosystem.

💡Validators and Miners

Validators and miners are participants in a blockchain network who contribute to the validation of transactions and the creation of new blocks. In the script, they are discussed in the context of the Base AI network, where they must pay registration fees to brain owners to contribute their resources, indicating a potential revenue stream for both parties.

💡DeFi Applications

DeFi, or decentralized finance, refers to financial services that are built on blockchain technology and operate without traditional financial intermediaries. The script mentions that Base AI supports DeFi applications by having a built-in Ethereum Virtual Machine (EVM), allowing it to leverage the power of DeFi while maintaining compatibility with Ethereum-based projects. This is a key concept in the video as it highlights the project's integration with existing DeFi infrastructure.

Highlights

Fear and greed index at 46, with Binance at 30, indicating market sentiment.

Tron's price increase attributed to a potential scam 'sun pump'.

Meme sector experiencing stress due to market volatility.

Brett and Sundog tokens showing significant gains, highlighting the unpredictable nature of crypto markets.

Naro token's price drop illustrating the risk of investing in hyped tokens.

Giga Chat's uncertain legitimacy in the market.

Discussion on the potential of Base AI's Temporal Fusion Transformer for a reliable and fair network.

Base tokens used as rewards for trustworthy and productive miners and validators.

Base AI's self-improving network optimizing itself over time.

Base token's utility in the network for computational tasks and fees.

Compute units used to measure computational resources, purchasable only with Base tokens.

Registration fee for miners and validators wishing to contribute to a brain in the Base AI network.

Each brain in Base AI can accommodate up to 256 validators and 1,792 miners.

Potential for significant earnings for brain owners through registration fees.

Base AI supports DeFi applications with a built-in Ethereum Virtual Machine.

Integration of kbot within the Base AI ecosystem for enhanced functionality.

The transformative potential of Base AI on AI information dissemination and investment opportunities.

Transcripts

[Music]

what's going on everybody welcome

back to the

Channel all right so today today today

today we're going to take a quick look

at the markets let's do it right now the

fear and greed index here is 46 uh the

uh binance is

30

and the only thing really kind of

running a little bit here is Tron

and that's all because of that sun pump

probably scam I don't know man I after

after that fun do that pump that fun

whatever I was like man okay this is

useless okay so now this is going to add

a whole lot more stress to the whole

meme um you know sector and it it's man

I don't know I'm not completely crazy

about this

Tron you know it's

it's uses just copies a lot of things

that other networks are doing

so I don't know how long this thing is

going to live for but what do I know all

right here we go memes memes okay the

memes they're doing pretty decent okay

okay okay hey we got Brett here a double

digit and uh this Sundog okay there's

always always something new that just

goes

crazy and then it dies down okay narrow

look at where Naro is okay this was the

all the hype was this Nero okay

everybody was going crazy and look at

that in the last seven

days if it pumps a lot guys it's going

to dump a lot okay there's a lot of

people that have a lot of money into

these tokens they pump the uh craziness

out of it and you fall into it and you

become excellent quick

bye-bye and here you are this is you

right here okay red

40% um this Giga chat I don't know how

much I trust it either there's some

people that are sweating by it maybe

it's going to be legit but I have no

idea I don't believe in this Su dog yet

okay it's going crazy a lot of people

making money right now everybody's happy

and and you know and smiling and all

that

and so this thing is pumping like crazy

it will dump like

crazy okay if it

doesn't this would be a unicorn but M my

words this thing is going to dump

hardcore

eventually so anyways so uh Pepe coin

here the 5% so not too

shab and let's take a look at our base

base token

$235 not tooo to bad 7 and

1/2% okay so let's go

to the uh white paper I I found some

really really good information here guys

like really really good information and

I think you guys are going to like it's

going to be a banger today um but before

I continue guys if you don't mind hit

that like button subscribe to the

channel it does help you know the

channel grow I am trying to work on

getting you guys the best information

that I can get and try to

um teach you guys right in the process I

mean I'm learning this as I'm going and

hopefully you guys can get you know a

good you know good

information that'll help you guys in

your um in your investment Journey but

nothing here is financial advice

remember that okay so this is the last

part of the 3.4 section and this is just

um saying how Bas AI just wants to make

its Network more reliable and fair by

using this TFT right the temporal Fusion

Transformer this system helps make sure

that the rewards given

out excuse me in the base in the form of

Base

tokens go to the most trustworthy and

productive minor and

validators and the way that it does that

is um the TFT continuously Compares his

predictions against Real World outcomes

this ensures that the models use are

accurate and reliable that's one and the

second thing is if the trust score okay

the credit system that is using okay to

be able to uh reward these tokens if

that's not a line you know perfectly or

there's a

discrepancy then um then they use this

weight here to kind of balance things

out okay so if the trust score given to

peers don't match their actual

contributions the system automatically

adjusts the weight to correct this the

result is a smarter self-improving

Network where rewards are fairly

distributed and trust is built

dynamically this makes base AI an

intelligent system that can optimize

itself over time how cool is that

definitely uh

intelligence okay

practically just

evolving okay so section 3.5 okay we're

going to get into the utilities you guys

are going to love this man because

you're going to see a lot of the use

that you know the utility that the base

token is going to have in this uh in

this project so in addition to rewarding

Miners and validators for the

participation uh every time that I see

these two words Miners and validators

all see is money some money

you guys are going to know what I'm

talking about later on uh so yeah so the

base utility extends to the core

functionalities of the network okay so

even the

simpler you know things that are going

to be that are going to be done here

we're going to require that uh base

token why because the fees any fees in

this project it's going to be paid out

in base tokens okay so the base AI uses

compute units okay these compute units

here um to measure the amount of

computational resources needed to run

llms within its Network these units are

bought using only and I mean only yes

that includes Pepe coin there is you

cannot use Pepe coin for this okay you

can only only only only use based uh

tokens

linking the cost of computational test

directly to the Network's incentive

structure okay so some points here

tracks resource usage by brain owners

and miners when operating llm so that's

what the compu units do the base

payments okay compute units are only

purchasable which I just finished

stressing that there can only be

purchased with base tokens the pricing

structure is is in broken in two parts

is the prompt cost and the completion

cost okay and so you're going to need

base for both again no other type of

currency uh the context limit maximum

input size handle per operation measures

measure in compute units okay so the the

this is the unit of how they're trying

to figure out well how much

money will actually it's required for

the fees right how much money is

required for the prompt CA how much

money is required for the completion CA

they use this okay it is an example okay

so one base equals around 10 bucks if

that is the

case he these prices that you see here

they're in base units not in US

Dollars okay the same with here as well

and these are the compute units okay the

context

so um this uh ultimately helps brain

owners and minor estimate their pricing

strategy so they they use this chart

here to kind of give the miners okay and

the Brain owners a you know an idea of

how much it would cost to run these

prompts and and the completion cost of

the of the task right and so

kind of gives some an idea so like that

you know you can

be uh you know um competitive right you

don't you don't want to go ahead and

charge some crazy amount of money so

okay okay

so in the base AI Network every

computational task okay requires payment

in base the Network's native

token this applies to all activities

including submitting promps training

data and Performing AI ml task users can

manage these payments through spending

accounts that allocate base tokens for

specific purposes so you can have a

token I mean you can have I don't know

like a wallet or something right where

you can manage these

payments and so okay and so some of the

these you know because this is going to

be used for whatever specific purposes

you need it you know to use it if you're

going to be um doing a prompt then you

got to pay you got to pay for that

prompt you know and so on and so forth

or for the completion right you also got

to pay for that so the network the

Network's economic framework Rel iies on

the relationship between base tokens and

compute units this balance ensures that

there is a fair interaction between the

supply and demand for computational

services by using Bas as the exclusive

currency Bas AI creates a consistent and

efficient way to meet various

computational needs across the network

while also maintaining the utility and

value of the base token boom I know

there's a lot of concern about you know

base AI the uh there's going to be so

many tokens that are going to be minted

and you know with with all the

tokens being you

know I guess you could

say being thrown out there in the market

in circulation as you are you know

pretty much farming these

things you know there's a legit concern

of you know diluting the value of the

tokens but with What's Happening Here

what they're going to try to do and the

uses that are going to occur with this I

wouldn't be surprised if there's going

to be I mean I haven't seen anything th

far maybe later on you know as we go

down on this um uh this white paper

maybe there'll be some type of burning

mechanism to you know to kind of off

offset a lot of the uh newly minted you

know tokens that are going to be you

know

release you know circulation

so but as of now there's going to be a

lot of use okay that that this token is

going to have it's going to have a high

demand to pay for all these fees

um and and probably more stuff that's to

come okay and so lastly we're going to

talk about this oh my goodness this is

the best guys guys get ready this is the

best so check this out okay Network

participation and evm fees somebody had

asked me some time ago why would I want

to be a brain owner listen there's a lot

of good information as to why you want

to be one but this right here

is

fabuloso all right so miners or

validators wishing to contribute their

resources to a given brain okay so if

you're a minor or a validator and you

wish to contribute your resources to a

given brain like let's say your your uh

machines or whatever or if you want you

have computing power that you want to

use as valid as a validator and you want

to use a particular brain okay there

going to be a

required registration fee okay that you

need to pay to the reins who

owner yes

so again it's almost like a lease but

it's not it's almost like a one-time

payment because here you guys are going

to see that it does say you know

grandfathering and

but so the fee okay is defaulted to 100

Bas

tokens

boom guys I know you're looking at

you're like oh your base tokens that

ain't nothing right now is two is

$243 but think about the this right

think about base maybe being

$80 h h h does that sound really good or

even 40 bucks or even $20 $20 you're

talking about $2,000 right but I mean

even if you adjust this right you're

like you know what I want to be a little

competitive I'm going to give it for 80

80 80 base tokens or 50 base tokens or

75 base tokens whatever you guys want to

choose right you're going to make a

whole lot of money if it's a 100 bucks

okay per base token and you keep this

defaulted and people want to use your

your brain guess what that is

$10,000 I I know it's a lot of money and

I don't think a lot of people are going

to pay for it but but I mean even if you

put it at 50 base tokens or you're the

brain owner you could try to be as

competitive as you want but this is a

lot of money what's even crazier okay

what's even crazier is that we haven't

gotten there but you guys are going to

see okay this this uh like I said this

fee can be adjusted or okay by the brain

owner this adjustment can be done at any

time affecting all subsequent

contributors but grandfather and already

register contributors okay so the uh so

so this here if you if you purchase you

know uh this your you if you registered

your minor or your or your validator

right for 25 base tokens that's a your

grandfather and with the 25 you know

basee token maybe the next one has to

pay 50 or 75 whatever and so once you're

in you're in it's pretty much what this

is saying you know so that's pretty cool

but here check this out oh man

look look at this piece of

information

each

brain listen to this each brain

in the base AI network is capable of

accommodating up to

256

validators Yes you heard that right

256

validators and

1,792

miners oh if you guys didn't see that's

why I told you when I when I was reading

Miners And validators I was like oh a

lot of money if each brain can fit this

many guys how much money is that going

to

be obviously right even here it is

anticipated that a majority of brains

will not use all validators and minor

slots in early stages of the network

however all brains have the same Max

Capacity guys this right here

just in registration it's going to be

crazy amount of money guys just

insane insane I mean just take half of

this take a quarter of this take a

quarter of this and multiply that times

whatever amount you want to multiply by

it is a lot of

money or at least at least a lot of

tokens and a lot of tokens hopefully

transfer into a lot of money even if we

use the $10 Mark right uh this this $10

example that they use here for a based

AI you know and let's say you do charge

every let's say everybody's charging the

100 base tokens I mean just their alone

is $1,000 right and so $1,000 times what

a hundred

100 validators that's

$100,000 50 validators that's $50,000 10

validators that's $10,000 I mean miners

instead of 1,700 let's say it's just a

th000 or 500 miners at

$1,000 you guys you guys have a

calculator you guys can play with the

numbers you can see why I am so excited

about this this is crazy I want a brain

okay I need to have a brain I got to buy

more Pepe coins so that I can try to I

don't know get at least a a nice

percentage of one cuz this is a lot this

is a lot of good stuff I mean the the

brain owners are going to be rewarded

very very extremely handsomely guys um

so and then last but not least base AI

supports defi applications because it

has a built-in ethereum virtual machine

this means that any defi service or

application that works with the evm such

as SM contracts liquidity markets swabs

and other related tools can also operate

within the base AI ecosystem some

specific examples of this are Bas smart

contracts Bas swap Bas pools and look at

this

who else yeah here it is kbot kbot will

actually be able to be

used in uh in the base AI Network

guys how cool is

that this integration allows base AI to

Leverage The Power of defy while

maintaining compatibility with ethereum

based projects so you know kind of

trying to have the best of both worlds

guys so what is the biggest take of this

is there's a whole lot of money to be

made do you want

it if so do your

homework continue to follow the channel

continue to check out this

information this is insane you know what

base AI is doing guys it is bringing a

very

I I just I just want the mainnet to go

live but I don't want the mainnet I'm

I'm so glad that the mainnet has not

gone live because I really didn't know

all this information and I'm sure that a

lot of people that are invested in Bas

AI have no clue that they could make all

this crazy money guys there's a lot of

money to be made and why not you why not

me that's all I'm saying thank you for

tuning in guys I sure hope this was a

banger for you it was a banger for me I

mean I I just felt like I found more

gold here um but it would be absolutely

something incredible to see this project

go live and to start seeing these things

uh play out it it is going to transform

it's it's going to transform the uh AI

the way that this information is being

uh sent to and fro and a lot of people's

lives are going to be transformed

regardless right if you invest if you

invest in the uh in the

brains you know you're going to sit

pretty that's why I'll probably use half

of my pepe coins to burn and then the

other half to keep because both are

going to be complete winners in my

opinion thank you guys for tuning in

sorry for the length of the video

but guys you guys got to get the good

info I I got to give you the good info

okay take care guys see you in the next

next video bye-bye