BasedAI WP: Why would I want a Brain? I'll tell you another reason why! EXCITING!!
Summary
TLDRIn 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
📈 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.
💡 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.
💰 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.
🏭 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.
🌐 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.
Mindmap
Keywords
💡Fear and Greed Index
💡Binance
💡Tron
💡Meme Sector
💡Pump and Dump
💡Base AI
💡Temporal Fusion Transformer (TFT)
💡Compute Units
💡Brain Owners
💡Validators and Miners
💡DeFi Applications
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
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