🤖 WHY BITTENSOR $TAO CAN 100X - The Undisputed A.I. Crypto Leader
Summary
TLDRIn this podcast episode, the hosts dive into decentralized AI solution Bit Tensor and why its native token TT could see exponential growth. They explain Bit Tensor's architecture of 32 specialized subnets that allow AI models to learn from each other, creating a snowball effect in technological advancement. They highlight innovative subnets like medical image analysis, financial prediction models, and procedurally generated 3D world creation for gaming. With exponentially increasing subnets and capabilities, Bit Tensor appears poised to become a dominant player in AI and machine learning, which could drive TT to substantially rise from its current $7 billion market valuation.
Takeaways
- 😊 Bit tensor is a decentralized AI solution, similar to how Bitcoin is a decentralized finance solution
- 👨💻 There are 32 subnets working on specialized AI tasks that share learnings with each other
- 💡 Subnets like Noose are advancing natural language models using techniques like continuous fine-tuning
- 📈 TOI prediction models subnet focuses specifically on bitcoin price forecasting up to 8 hours ahead
- 🤝 Associations like with multi-billion dollar company Hugging Face bring legitimacy and connections
- 💰 Miners are financially rewarded for contributing models and data to subnets like TOI
- 🔮 Predictive models will be used across industries like finance, healthcare, science etc.
- 😷 Decentralized healthcare AI will help save lives by enabling access to expertise globally
- 🎮 404 Mission subnet works on 3D content generation for gaming, metaverse and digital assets
- 👍 Competitive element ensures subnets continue generating value after getting a spot
Q & A
What is Bit Tensor and how does it work?
-Bit Tensor is a decentralized AI network built on blockchain. It allows anyone to contribute computing power to train AI models. In return, contributors earn rewards in the form of the Bit Tensor utility token (TT).
What are subnets and what is their function?
-Subnets are specialized groups within the Bit Tensor network focused on developing AI solutions for specific use cases like computer vision, natural language processing, etc. They allow the AI models to share learnings and advance faster.
How many subnets exist currently and what determines which subnets are part of Bit Tensor?
-There are 32 subnets currently. New subnets must compete to join the network. Existing subnets also compete to remain part of Bit Tensor - they must continually generate activity and contribute value to stay in the network.
What are some examples of existing subnets and their use cases?
-Some examples are Noose (for improving AI language models), TOI Prediction Models (for Bitcoin price forecasting), Subnet 31 (decentralized healthcare and medical imaging diagnosis) and Subnet 32/404 Mission (AI-generated 3D art and assets).
How does the Bit Tensor token (TT) gain value and utility?
-The Bit Tensor token is used to reward miners and validators who contribute computing power, data, AI models and other resources to train and improve the decentralized AI. As Bit Tensor's capabilities improve, demand for the token increases.
What major companies are partnered with or investing in Bit Tensor subnets?
-Major companies partnering with Bit Tensor subnets include Coinbase, Hugging Face (partnered with Noose) and Nvidia. Their support validates the real-world applicability of Bit Tensor's decentralized AI solutions.
How could Bit Tensor's healthcare solutions (like Subnet 31) impact the world?
-Decentralized AI healthcare solutions can democratize access to quality diagnostics and care globally by reducing costs and needing fewer skilled healthcare professionals on-site. This could greatly benefit developing nations.
How will Bit Tensor change video games and metaverse worlds?
-Bit Tensor subnets focused on 3D and video rendering (like Subnet 32) could dynamically generate metaverse environments, avatars and other assets for substantially less cost. AI will also allow infinite unique video game levels.
What is the long-term disruptive potential of Bit Tensor's decentralized AI network?
-Bit Tensor could lead to AI solutions that are more powerful, less biased and accessible to anyone due to decentralization. Over time it aims to disrupt Big Tech's domination of AI research and solutions.
Why does Bit Tensor's architecture lead to a powerful flywheel effect for its AI capabilities?
-As each subnet evolves AI solutions for its niche, it shares those advancements with all other subnets. So every subnet's capabilities improve exponentially over time - leading to rapid compounding growth.
Outlines
🎤 Intro to Bit Tensor and Partnership with Bitget Exchange
The hosts Shane and Josh introduce Bit Tensor, explaining it is a decentralized AI solution similar to how Bitcoin is a decentralized finance solution. They discuss the architecture with 32 subnets that are like AI programs or companies within Bit Tensor, each focusing on a specific part of AI like text generation. They also announce Bit Tensor's partnership with crypto exchange Bitget.
🧠 How the Subnets Work Together for Machine Learning
The hosts explain the power of Bit Tensor's subnets - when one subnet like text generation makes an AI breakthrough, it shares that learning with all the other subnets to advance capabilities across areas like video generation. This creates a snowball effect for machine learning advancement.
💡 Highlight of Subnet 6 and Partnership with AI Leader
The hosts discuss Subnet 6 called Nuos, which focuses on improving AI language models through continuous fine-tuning. Nuos is partnering with AI research leader Hugging Face, endorsed by major companies like AWS and Nvidia, showing legitimacy.
🔮 Subnet 8 Advances AI Prediction Models
Subnet 8 called TOI works on prediction models, currently focused on Bitcoin price forecasting up to 8 hours ahead. Miners contribute models, validators test for accuracy, and miners are rewarded in Tao based on performance. This has major potential for other areas like stocks.
☁️ AIT Protocol Joins Bit Tensor Ecosystem
AIT Protocol, which the hosts previously invested in, has been awarded a Bit Tensor subnet. AIT incentivizes decentralized data contribution for its AI models and now will facilitate 5% of Bit Tensor's network, providing revenue sharing back to AIT stakers.
Mindmap
Keywords
💡subnets
💡mining
💡machine learning
💡predictions
💡decentralization
💡utility
💡accessibility
💡capitalism
💡gaming
💡exponential
Highlights
Bit tensor is the decentralized AI solution much like Bitcoin was the decentralized solution to finance.
There are 32 subnets which are basically like programs or companies operating within the bit tensor ecosystem.
The subnets communicate AI breakthroughs with each other, creating a snowball effect of advancement.
Noose is using machine learning to shift through data sets and focus on rapidly evolving topic specific AI problems.
Toi prediction models allow miners to contribute Bitcoin price predictive models and get rewarded based on performance.
Predictive models can be used in many areas like stocks and forex trading.
AIT Protocol, an AI data infrastructure project, was awarded a bit tensor subnet which is huge.
Subnet 31 uses AI to analyze medical images and data to help diagnose diseases.
Decentralized healthcare AI will increase accessibility globally.
Subnet 32 uses AI to generate 3D content like video games and movies.
AI generated video game levels provide endless replayability.
Creators on subnet 32 own their AI generated assets.
Subnets have to continually compete and contribute value to remain active.
Let us know if you want more coverage on specific subnets.
This episode explains why bit tensor could 100x in value.
Transcripts
this is why bit tensor tow can 100x in
this episode we're going to reveal why
this project is bigger than
Bitcoin welcome to the bean pod this is
your place for all things stocks and
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description
All Views expressed by speakers on the
bean pod are solely their opinions you
should not treat any opinion expressed
on the bean pod as a specific inducement
to make a particular investment or
follow a specific strategy but only add
an expression of their opinion this
podcast is for informational purposes
only welcome to the bean pod this is
Shane aka the jolly green investor and
this is Josh the Nifty investor today
we're going to reveal why bit tensor tow
could legitimately do a 100x from here
bigger than Bitcoin who knows but when
you look under the hood of what the
subnets are doing you'll understand just
how big bid tensor can actually get you
look at its market cap and what's
happening congratulations to those who
got in in our first episode when we
covered this project at $38 where it's
now sitting at
430 but you know we've been non-stop
researching bit tenser uh the token is T
Tao and the more you learn earn the more
you feel like you have to share I'm
starting to feel like a to Maxi like the
same way a Bitcoin Maxi is but you truly
understand it's like yo this has a lot
of value and we really need to dive into
some of these subnets to understand just
how big this project can actually get
for sure so the simple way of explaining
bit tensor for those who are not already
versed in it is that it is the
decentralized AI solution much like
Bitcoin was the decentralized solution
to finance so Bitcoin is decentralized
finance bit tens is decentralized AI and
the reason why even at a couple of
billion dollar market cap why we think
the potential is so big is because the
way that it's the architecture right so
there's 32 subnets which are basically
like programs or companies operating
within the bit tensor ecosystem in each
of those subnets is an AI specific
platform which is focusing on one
specific part of AI so you know there
might be one for text generation impr
prompting like Chachi P that's just one
of them and then there's image
generation and then there's all kinds of
interesting ones and there's more and
more being added and competing for these
32 spots every day so we're going to
break down why these subnets are so
important and we're also going to talk
about five of our favorite subnets that
each in their own right could change the
world which will tell you and give you
an idea of why bit tensor the one token
that holds all the subnets together K
100x and yeah there's 32 now but in the
future there'll be more thousands
hundreds of thousands and I remember I
remember making this tweet I was like
when Bitcoin uh benture is saying like
40 50 bucks I'm like once the once these
subnets become active benture becomes
Unstoppable and from that point it's
just been ripping soon we're going to
see 64 Etc uh subnet so I think it's
really important that we start to dive
into these now because the more you
understand the better it is for a
holding perspective and knowing what you
hold for sure and before we start to
talk about the subnets that we like to
really kind of Drive the point home
about why bit tensor is so great you
have to understand the relationship
between the subnets right so if you have
subnet one which is text generation like
chat GPT and it's an AI learning model
on its own and it it has a breakthrough
it's going to then communicate that AI
machine learning breakthrough to all the
other subnets right so then the video
generation want learns from what that
one did and it tells communicates with
subnet 40 or subnet 80 or whatever and
they're all learning together and that's
why you can see like you just said it's
it's Unstoppable it becomes such a
snowball effect of machine learning and
algorithm you know
advancement that once there's so many
subnets they're all working they're all
learning AI together it's just going to
become too big to fail and all the
companies of the world they're going to
use it yeah no it's absolutely massive
so one of the ones that made a huge
headline as of late was uh called The
Noose no us new or noose yeah yeah new
research um this is this occupies subnet
6 and this initiative is all about
improving AI language models through a
process known as
continuous
fine-tuning this is done for rewarding
participants the
miners who contribute to the Improvement
and that's what gives the tow token
utility right this one is like really
interesting and you mentioned
like how each subnet kind of utilizes
each other so this is number six but the
miners use data from subnet 18 to
fine-tune the language models right so
you're taking a general AI language
model and making it smarter using
specialized data with this one this one
made a lot of headlines because the
director of coinbase was Shilling it
right so his quote from Twitter is
exactly this is one of the first
legitimate collaborations I've seen
between crypto project and AI he goes
new is as legit as it gets interested to
see where this goes and the
decentralized incentive models enabled
by crypto add value here so when you
have the director of coinbase
specifically Shilling the newest subnet
of bit tensor which is as you said it's
they're using machine learning to shft
through complex data sets and focus on
like rapidly evolving topic specific AI
data problems which is a huge use case
for any company around the world depend
doesn't matter how big or small your
company is anyone needs Cutting Edge
algorithms for data consolidation data
analysis all that kind of stuff and
they've shown a commitment to social
benefits and research so they're not
only they're they're for profit but
they're they're actually trying to like
Advance you know the community part of
society as well which is you know
something we can get behind this one was
really big because um there's an
association to a platform called hugging
face and hugging face is a well-known AI
research company that's partnered with
huge names like Amazon web services
Google uh and Nvidia right they a multi
billion dollar company they received uh
a number of series of fundings billions
of dollars each time um so I found the
fact that this new noose was already
working with hugging face which is this
multi-billion dollar company this is
going to bring a lot of connections and
Partnerships I think into the fold for
sure yeah that was that's that um
specific piece of news alone spurred
like a spike in the bit tenser price
which at this market cap and volumes it
has to be pretty significant so that's
why you can see why we started the
episode off with that one um the next
interesting subnet I want to talk about
is subnet 8 so this is toi prediction
models and I think that this is one area
where AI is really going to change the
game you know we we've talked about fxi
for example FX1 they're using AI to and
less live sports for betting and
gambling purposes but what toi does uh
build the prediction model which is
focusing specifically for now on bitcoin
price forecasting so they've had this
whole like decentralized predictive
model contribution where miners can
contribute predictive models for
bitcoin's intraday price movement up to
eight hours ahead which are validated
tested and rewarded with to based on
performance like that is just such a
intricate and great way to fit into the
bit tenser ecosystem and give the token
utility so predictive models for Bitcoin
now up next other cryptos then then it's
going to be Forex and eventually it's
going to be stocks so like you said the
miners submit the
models they're rewarded the validators
validate the accuracy of the models and
that determines the rewards and as these
prediction models get better from what I
saw um what can expect what is the
expected data input and output as a
minor for finan financial markets the
goal is to predict the next 4 to 12
hours of closes on a five minute
interval so soon that will get better
and better and better and they'll be
able to maybe do like an hour in advance
right now it's 4 to 12 uh but they're
scraping from other subnets so again
it's like it's using other and they're
all starting to work together here and
that's where this makes it so
interesting yeah it's really cool and
like this is this subnet has been going
for a little bit now and it's actually
it's got the largest incentiv Ting
mining pool for finan cial Market
prediction they've paid out 6.7 million
to miners already averaging around
$90,000 a day so there's money in this
subnet there's money in toi um this is
one of probably the more interesting
ones because as you said predict
predictive models can be used in so many
areas of financial markets and other
markets like you can make predicted
models for anything in the world and
people want predictions right because
everyone wants what's going to happen
what's going to happen AI will change
the game of predicting forever and this
subnet is is is leading the way yeah
identify potential trades you know
execute trading Bots different trading
strategies I think it's be a game
changer for the financial markets moving
forward for sure let's um let's move on
to one of the newer actually I think
maybe the newest subnet um inclusion and
it's actually a project that we've
talked about before when we saw this
happen we were like man this is great
great news so if you've been following
us you know we invested at early stage
in AIT protocol and they've just been
awarded a bit tension subnet bro people
are sleeping the
honestly there's not a lot of altcoins
that you can trade or hold within the
benture ecosystem that's right you know
a lot of these subnets they don't have
tokens they use to AIT is the world's
first AI data infrastructure their goal
is to incentivize 5% of the entire bit
tensor ecosystem that's huge this is
potential's currently $7 billion Market
valuation at some point it'll be 100
billion that is financial
advice I'm joking um but when you start
to see that the subnets how much they're
earning as we've we as we've alluded to
you know what the miners do and the
validators do when AIT protocols
facilitating 5% of the network what do
you think that's going to do for the
revenue yeah Game Changer and stakers of
AIT protocol receive revenue revenue
sharing I have a small amount stake I
don't know um 60,000 tokens or something
yep and in two weeks I've already seen
half an eth yeah right like nothing like
that's only been two weeks what happens
when you know bit tentra gets to 64
subnets 100 subnets Etc AIT could
benefit greatly from this imagine if you
could earn to by staking AIT right that
would be cool right yeah that'd be one
of the first to do it and this this one
of the first existing uh ai ai projects
to actually join potential to yeah it's
really cool so AIT for those that don't
know it's basically designed to help um
smaller startups overcome Big Data
challenges they've introduced something
called the train to earn model where
people can basically give their data
into AIT machine learning algorithm and
earn the token so it's incentivizing
people to share their data to make a
better bigger and more accurate
decentralized data algorithm using AI to
analyze data and create output and it's
going to be a lot faster scale a lot
quicker and it's going to be cheaper
than you know trying to go for
Enterprise models for the existing
centralized AI Solutions so that's why
we were early stage investors in AIT uh
Big Data plus AI I think is one of the
biggest and most natural use cases for
machine learning and to have them
included in bit tensor into our warm
family bro yeah it's just great
extremely important when it comes to
training AI I think this one is uh
Sleeping Giant for sure all right what's
uh so we got two more subnets I think
we're going to talk about today which
one you want to the healthcare one
subnet 31 is really interesting I think
we should maybe do an episode on maybe
decentralized science in the in the near
future so make sure you guys are
subscrib so you can tun to that um but
this one is a groundbreaking development
in the field of medical technology of AI
this is uh like I said number
31 it's an Innovative subnet that's
going to be able to look at images of
x-rays maybe some disease scans MRIs Etc
take that data and then understand like
not only give you an output an answer of
you know what may either the the genes
are shift shiting shifting a different
way you be like that definitively answer
that's a cancer yeah or that's this and
you think about the impacts this will
have when it's accessible globally in a
place like uh you know a small town in
Africa or something doesn't necessarily
have the same resources that somebody in
America might have so it's going to help
start saving lives all around the world
and then comes the predictive model
right that can occur as we saw with the
previous subnet what these guys will be
doing is they can start to see the
different diseases that are coming
around from around the world and they
can say look in six months time we're
potentially going to see an eil law
outbreak and I don't know some place for
sure yeah I mean like you think about
you know the way the world is heading
with the this massive you know
revolution of ai ai is going to replace
a ton of jobs and I think a lot of
unskilled jobs are going to get replaced
and people are afraid of that and
rightly so but when it comes to Skilled
jobs that there just aren't many there
aren't enough people to fill these skill
jobs let alone in these developing
countries or you know continents such as
Africa even some of the areas near where
we live there's just not enough doctors
right so like you think about we need
skilled professionals that one maybe the
problem is they're all going to the
United States because they pay so much
more for their public their private
healthare than certain countries of
public healthare or you have developing
nations that simply just don't have the
education systems to train Professionals
in the ways that are needed to become
you know look at x-rays look at MRIs
look at CT scans right that's where it
this replacement of jobs for AI for
people is going to be such a positive
because you're going to train these AI
models using potentially things like bit
tensor 7 31 to have ai powered doctors
and people that can not people robots
that can Rec look at your scans
recommend your you know your treatment
going forward and it's going to be done
at a fraction of the cost because the
person's not demanding $500,000 a year
yeah so a healthcare AI model or subnet
is is just I think it's going to be a
massive one it's obviously Healthcare is
not the sexiest thing to talk about but
the democratisation the democratization
and decentralization of healthcare using
AI I think is going to be a a m a net
positive for the world moving forward
absolutely predicting Health Trends and
giving accessibility to everybody is a
absolute Game Changer I'm happy for this
one I really like this one all right so
the last one it's a bit more of a a fun
one to talk about uh this was one of the
one of the newest and newer ones subnets
it's subnet 32 so it's it's taking up
the the final spot for the moment it's
called 404 Mission and they do 3D
content so think about how much digital
3D content there is in the world right
now gaming movies TV and entertainment
right like it's all 3D think about how
much power how much rendering power how
much designer how many designers you
have to uh employ to build a 3D World
for a video game or design a 3D World
for a movie 404 mission is going to use
AI to do this at a fraction of the cost
and I I think it's really cool and the
crazy thing is is how they work towards
text to 3D image you don't have to be
this crazy program or anything you know
right now we're seeing a lot of like 2D
images and whatnot on uh corsel the one
that like the chat gbt for bit tenser
but this will be used in gaming art the
metac Commerce in the metaverse like the
simple prompts to create beautiful 3D uh
rendered images is going to be
absolutely gamechanging you think about
the future I've I've read about this a
lot when it comes to how AI is going to
change video games um the future of a
lot of these video games that have like
levels and worlds and stuff is every
level will be AI generated so every
player will have a unique experience and
if you replay the level it's not going
to be exactly the same you know like you
know when we used to play Super Mario
Brothers as a kid you memorize the level
you play that thing with your eyes
closed true but now it's all going to be
AI generated so you're never going to
play the same level twice it's always
you know it'll be the same it's still
going to be you know a sand world or
world but it's never going to be the
same it's going to be harder to be it's
going to be more interesting because and
it's think about the replayability value
of a video game if the level's different
every time you won't get bored of it
it's like oh wow it's different every
time and you can't do that with people
because you can't pay someone to design
two million levels no especially when
you have 100 million players of a video
game right but using AI using something
like 404 Mission subn 32 it's actually
possible so I think that's really cool
yeah and then they're also working on
the I guess it's kind of like nfts I'm
not sure what people are calling nfts
these days like toen digital assets or
whatever but they're going to ensure the
assets are minted so the Creator is also
the owner of their design and then can
commercialize it moving forward so
they'll continue to see royalties yeah
no I think this is it's as we said it's
a brand new one so the the website's
really crazy all kind of weird
information on there so it's going to be
interesting to see uh what 44 Mission
actually can get done the thing about
the subnets too once you get a subnet
it's not like all right you're good yeah
there competition for subnet so if
you're not generating activity if you're
not contributing towards a to ecosystem
goodbye yeah you leave that's but that's
what makes to so great yeah it's
competitive right you want you know you
don't want a system where once you're in
you're in just like like you know the
United States Senate where these
old guys are doing nothing
you got to continue to compete and work
it's like a real free economy capitalist
Society bit tenser it's like just
because you got the spot now that now
you got to prove yourself yeah I think
we've seen a couple leave and come and
go and whatnot so it's interesting yeah
look hey if you guys are bit tenser
people like we are and there's subnet
that you're interested in that you want
us to talk about I think this is going
to be a series that we do again so let
us know in the comments what your
favorite part what your favorite subnet
is and we'll check it out yeah this was
a new idea for us so if you actually
liked this episode where we do cover not
just alt coins but you know a broader
spectrum of benser let us know in the
comments cuz then we'll take that as
feedback and then tune to the next
episode because that one is going to be
a
banger All Views expressed by speakers
on the bean pod are solely their
opinions you should not treat any
opinion expressed on the bean pod as a
specific inducement to make a particular
investment or follow a specific strategy
but only add an expression of their
opinion this podcast is for
informational purposes
[Music]
only
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