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

If I were to invest…

20 Aug 202422:32

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.