UNCHAINED: Could Bittensor End Up Being the Only Crypto/AI Project That Matters?

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CoinDesk

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4.7 • 698 Ratings

🗓️ 2 October 2024

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bittensor, a decentralized AI project, is gaining attention as one of the most promising intersections of AI and crypto. 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 unchainedcrypto.com for breaking news, analysis, op-eds, articles to learn about crypto and much more. Thank you to our sponsors! Polkadot Mantle Guests: Joseph Jacks, Founder and General Partner of OSS Capital Sami Kassab, Partner at OSS Capital Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Thanks for listening to Unchained, your No Hype Resource for All Things Crypto, on the Coindesk podcast network.
0:06.1	You can also listen to the episodes on the Unchained feed earlier if you subscribe there.
0:11.7	Plus, check out all our content on our website, Unchained Crypto.com.
0:16.8	What BitTensor is actually doing is inverting capitalism.
0:20.0	It's inverting the traditional business model for AI, AI companies, AI foundation companies.
0:25.4	And it's saying, get rewarded by this token, which is increasingly worth more as you have more activity contribution on the network.
0:32.2	And it's very liquid.
0:33.3	It's a top top 20, top 30 token.
0:35.6	And you actually are required to open source all of your work.
0:39.9	You're only producing open commodities that can then be used by other people,
0:44.7	whether it's a dataset or an image model or video model or a coding model or compute infrastructure,
0:51.2	what have you, anything related to sort of the spectrum of things that you do when you're building an AI system. That's what BitTenzer is incentivizing.
1:01.2	Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host,
1:05.6	Laura Shin, author of The Cryptopians. I started covering crypto nine years ago, and as a senior
1:10.7	editor of Forbes
1:11.5	was the first Mainstream Reader Porter to cover cryptocurrency full-time. This is the October 1st,
1:16.3	2024 episode of Unchained. Mantles Ameth is now the fourth largest LST with $1.3 billion in
1:23.4	TVL. M-Eath offers folders cumulative incentives and airdrops, in addition to native
1:28.3	ETH-POS yields. This includes exclusive rewards like Eigen and Cook. Check it out at m-eath.mantle.
1:34.7	.xy-Z slash campaigns. Pocodot is the original and leading layer zero blockchain with over
1:40.3	2000 plus developers. And the Pocodot 2.0 upgrade will be a massive accelerator for the
1:45.4	ecosystem, making it faster, more secure, and adaptable. Perfect for GameFi and DFI to build,
	...

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