🤖 WHY BITTENSOR $TAO CAN 100X - The Undisputed A.I. Crypto Leader

Summary

In 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

00:00

🎤 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.

05:00

🧠 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.

10:03

💡 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.

15:04

🔮 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.

Keywords

💡subnets

Subnets refer to the different programs or platforms built on the Bit Tensor network, each focusing on a specific area of AI development. For example, there are subnets for natural language processing, image generation, prediction models, etc. The video emphasizes how the subnets allow for specialized AI breakthroughs in one area to be rapidly shared and built upon by other subnets, enabling exponential progress.

💡mining

Mining refers to the process where participants on the Bit Tensor network, known as miners, contribute computing power, models, or data to the subnets. Miners are financially rewarded for their contributions with the Bit Tensor (TTO) token. This incentivizes further participation and advancement of the subnets and overall network.

💡machine learning

Machine learning is a type of artificial intelligence where systems learn from data and improve their performance over time without explicit programming. The exponential progress of Bit Tensor's subnets is powered by cooperative machine learning, where breakthroughs made by one subnet can be quickly incorporated by others.

💡predictions

Several of Bit Tensor's subnets focus on developing AI models to make predictions about areas like financial markets, disease outbreaks, etc. As these predictive models become more sophisticated through machine learning advancements and data sharing between subnets, their capabilities have world-changing implications.

💡decentralization

A core value proposition of Bit Tensor is providing decentralized AI solutions as an alternative to centralized big tech companies. This decentralization allows for more open participation, transparency, and sharing of innovations through the cooperative subnet model and token incentivization structure.

💡utility

Utility refers to the usefulness and intrinsic value provided by the TTO token within the Bit Tensor network. As miners must stake TTO to participate in subnets and are rewarded in TTO, this creates tangible utility and demand for the token.

💡accessibility

By democratizing advanced AI solutions through decentralization, Bit Tensor has the potential to make AI more globally accessible. This includes medical AI that can provide health scanning capabilities in developing nations that lack advanced infrastructure.

💡capitalism

The competitive dynamics between Bit Tensor's subnets to continually innovate is characterized as an example of free market capitalism. Subnets must prove themselves worthy to maintain one of only 32 slots, ensuring only the most valuable contributors remain.

💡gaming

One key application area for Bit Tensor highlighted is using AI to dynamically generate gaming content like 3D worlds and levels that are different each time they are played. This would massively enhance replayability and user experience.

💡exponential

Exponential progress resulting from cooperative machine learning between specialized subnets is a recurrent theme. This network effect of shared innovations propagating between subnets enables Bit Tensor's solutions to rapidly scale in capabilities.

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

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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

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