cover of episode Could Bittensor End Up Being the Only Crypto/AI Project That Matters? - Ep. 712

Could Bittensor End Up Being the Only Crypto/AI Project That Matters? - Ep. 712

2024/10/1
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J
Joseph Jacks
L
Lauren
S
Sami Kassab
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Joseph Jacks:我认为Bittensor正在颠覆AI行业的传统商业模式。它通过奖励TAO代币来激励开源贡献,代币价值会随着网络活动的增加而增长。所有贡献,包括数据集、模型、基础设施等,都必须开源,从而形成一个开放的AI资源市场。 我们最初对Bittensor持怀疑态度,但随着其子网络功能的升级和开发者活动的激增,我们改变了看法。Bittensor由经验丰富的AI研究人员创建,他们受到比特币的启发,旨在创建一个去中心化的、无需许可的AI生产激励系统。 我相信,随着时间的推移,这种去中心化的激励机制将导致AI模型开发从中心化的大公司转向一个更分散、更具创新性的生态系统。 我们通过场外交易获得了Bittensor的代币,并采取长期持有策略,而非短期投机。我们相信Bittensor具有长期价值,并致力于支持其发展。 Sami Kassab:Bittensor本质上是一个去中心化的AI实验室,它将加密货币和AI融合在一起。它由一个区块链和多个子网络组成,每个子网络专注于AI堆栈的不同方面,例如数据收集、模型训练、推理和应用。 Bittensor的核心是'人类共识'机制,这是一种概率性共识机制,更适合AI模型的不确定性。与其他加密货币的确定性共识机制不同,它允许构建更多AI相关的应用和服务。 Bittensor的成功在于其独特的激励机制,它允许在链下进行所有挖矿和验证工作,简化了非加密开发者参与AI应用开发的过程。 虽然Bittensor的激励机制和代币分配机制受到一些批评,但它代表了去中心化AI开发的首次尝试,并通过动态调整机制不断改进。 Bittensor的子网络拥有各自的矿工和验证者,每个子网络可以根据自身需求选择验证机制。目前,代币分配由顶级验证者投票决定,未来将转向市场化的机制。 Lauren: 本期节目讨论了Bittensor项目,该项目结合了加密货币和人工智能技术。Bittensor的TAO代币价格在今年早些时候曾飙升至700美元以上,随后又回落至215美元。目前价格约为600美元。这种价格波动可能与即将推出的智能合约功能有关。OSS Capital是Bittensor的投资者,他们表示正在调整投资策略,全力押注Bittensor。

Deep Dive

Chapters
Bittensor is an open-source, decentralized AI network that inverts the traditional AI business model by rewarding participants with its TAO token. This incentivizes open-source contributions, challenging centralized AI companies and potentially creating a more democratic and efficient AI ecosystem. OSS Capital's investment highlights its transformative potential for both crypto and AI.
  • Bittensor inverts traditional AI business models by rewarding contributions with TAO tokens.
  • It incentivizes open-source contributions of datasets, models, and infrastructure.
  • OSS Capital is all-in on Bittensor due to its potential to democratize AI development.

Shownotes Transcript

AI and crypto are two of the hottest topics of the decade, but are there any projects truly making waves at the intersection of both? Bittensor, an open-source, decentralized AI network, is positioning itself as a leader in this space, with its TAO token seeing explosive growth and its model challenging traditional centralized AI companies.

In this episode, we’re joined by Joseph Jacks, aka JJ, founder of OSS Capital, and Sami Kassab, partner at OSS Capital, to explore why they’ve gone all-in on Bittensor. They discuss how Bittensor works, what makes it different from centralized AI models, and why they believe this project could be transformative for both crypto and AI.

Show highlights:

  • OSS Capital’s background and how they got to invest in Bittensor

  • Why Sami and JJ are bullish on TAO

  • What the three roles in the Bittensor ecosystem are

  • How new subnets incentivize miners to develop AI models

  • Why it’s so expensive to launch a subnet

  • Why Bittensor was built on the Polkadot SDK

  • The pros and cons of rolling out EVM compatibility 

  • What Allora and Commune AI are focused on within the ecosystem

  • How Bittensor can compete with the big AI companies 

  • The dangers AI poses to humanity and whether Bittensor can mitigate them

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guests:

- Joseph Jacks), Founder and General Partner of OSS Capital

- Sami Kassab), Partner at OSS Capital

Links

**Previous coverage of Unchained on Crypto/AI: **

Learn more:

Bittensor:

Cost) of building a subnet

Timestamps:

  • 00:00 Intro

  • 02:39 Background of OSS Capital and investing in Bittensor

  • 19:06 Why Sami and JJ are bullish on TAO

  • 24:51 The three roles in the Bittensor ecosystem

  • 35:00 How subnets incentivize AI model development

  • 47:50 Why launching a subnet is expensive

  • 50:12 Bittensor’s foundation on the Polkadot SDK

  • 53:00 Pros and cons of EVM compatibility

  • 1:03:03 Focus areas for Allora and Communi

  • 1:06:48 How Bittensor competes with big AI companies

  • 1:09:19 JJ’s take on AI dangers and Bittensor’s role

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