A frame is a figurative way of saying what the network or a subnet is: a brain, a market, a language, a Bitcoin. Each one below is dated to its earliest sourced use and followed through every voice that picked it up. Active means used since dynamic TAO.
As with other commodities, markets could help us efficiently produce machine intelligence. We propose a market where intelligence is priced by other intelligence systems peer-to-peer across the internet.
First on record: Ala Shaabana, 2020 · bittensor.com secondhand
Used by, in order of first use Subnet 24 on Bittensor is an always-on trading competition between 200+ rotating miners brought to you by the Taoshi team.
First on record: Keith Singery, 14 Apr 2024 · Bittensor Guru (Libsyn) verified
Used by, in order of first use BitMind's decentralized architecture is well-suited to this problem. By leveraging a network of diverse models and miners, we can continuously adapt and improve deepfake detection methods
First on record: BitMind (SN34), 2 Sep 2024 · BitMindAI on Medium verified
Used by, in order of first use Bitcoin is designed in such a way that this digital commodity is very easy to to validate, right? Hashes are immediate to validate and everybody can agree
First on record: Ala Shaabana, 12 May 2022 · Towards Data Science podcast verified
Used by, in order of first use The Bittensor Guru focuses on Bittensor, the project that combines artificial intelligence and blockchain technology to create an incentivized marketplace for machine learning. This podcast covers the Bittensor ecosystem, community, projects, developments and much more. Hosted by Keith Singery, a Bittensor enthusiast who runs a validator and volunteers as a moderator on the project's official Discord server.
First on record: Keith Singery, 2023 · Bittensor Guru (Listen Notes and Apple Podcasts listing) verified
Used by, in order of first use As with other commodities, markets could help us efficiently produce machine intelligence. We propose a market where intelligence is priced by other intelligence systems peer-to-peer across the internet.
First on record: Ala Shaabana, 2020 · bittensor.com secondhand
Used by, in order of first use Just like the early days of Bitcoin, which fueled the development of a new form of transparent, borderless money, we're moving from the digital ownership of assets to the decentralized ownership of intelligence.
First on record: Barry Silbert, 20 Nov 2024 · Fortune secondhand
Used by, in order of first use Any TAO on the system has actually been mined fairly. So it's actually contributed to the general knowledge of the whole system. We didn't kind of do any kind of initial coin offering.
First on record: Ala Shaabana, 12 May 2022 · Towards Data Science podcast verified
Used by, in order of first use Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and are rewarded in TAO according to the informational value they offer the collective.
First on record: Opentensor Foundation, 8 Jun 2023 · docs.bittensor.com verified
Used by, in order of first use Bittensor revolution
First on record: Jacob Steeves, 13 Jul 2023 · const on X verified
Used by, in order of first use Gradients, built on the Bittensor network, attacks this problem through competition. Independent miners race to find optimal hyperparameters, earning rewards proportional to their models' performance. This tournament drives exploration of configuration spaces that single-strategy methods never examine.
First on record: Gradients (SN56), 9 Jun 2025 · arXiv (Rayon Labs) verified
Used by, in order of first use Sturdy uses their subnet as a crowdsourced yield optimization engine.
First on record: Keith Singery, 24 May 2024 · Bittensor Guru (Libsyn) verified
Used by, in order of first use At Bittensor, we are creating an open, decentralized, peer-to-peer network that functions as a market system for the development of artificial intelligence. Our purpose is not only to accelerate the development of AI by creating an environment optimally condusive to its evolution, but to democratize the global production and use of this valuable commodity.
First on record: Opentensor Foundation, 8 Aug 2022 · GitHub, opentensor/bittensor verified
Used by, in order of first use BitMind secures the data your business depends on. We verify the authenticity of every data point before your AI acts on it … The trust layer for enterprises
First on record: BitMind (SN34), 2026 · bitmind.ai verified
Used by, in order of first use Bittensor is a powerful platform that seems to be limiting its growth by forcing applications to be locked into one stack.
First on record: Targon (SN4), 18 Mar 2024 · Manifold Labs releases verified
Used by, in order of first use Bitcoin created the largest supercomputer in the world, as ... building a censorship-resistant technology.
First on record: Jacob Steeves, 8 Dec 2022 · The Bittensor Hub (transcript on PodScript) verified
Used by, in order of first use I believe that the next big wave in crypto is going to be the convergence of AI and crypto
First on record: Barry Silbert, 11 Sep 2025 · Fortune secondhand
Used by, in order of first use Ultimately, our vision is to create a pure market for artificial intelligence, an incentivized arena in which consumers and producers of this valuable commodity can interact in a trustless, open and transparent context.
First on record: Opentensor Foundation, 8 Jun 2023 · docs.bittensor.com verified
Used by, in order of first use The boldest prediction that I could make for Bittensor is it could be a better version of Bitcoin as a global store of value
First on record: Barry Silbert, 17 Apr 2025 · Raoul Pal: The Journey Man (Real Vision), wording via CoinStats secondhand
Used by, in order of first use And now, with the intelligence of the people participating in the network — they are going in and pruning out the subnets that didn't really grow into an effective branch that is contributing to the overall project. Once that is done — what you'll see is an explosion of subnets on Bittensor
First on record: Keith Singery, 15 Apr 2024 · Genfinity secondhand
Used by, in order of first use The future of AI will not be gated. It will be incentivized.
First on record: Targon (SN4), 28 Jul 2025 · Manifold Labs releases verified
Used by, in order of first use Bittensor $TAO is the only borderless incentive layer for accelerating the continuously improving production of open source AI on many dimensions. This layer has already surpassed critical mass adoption by builders. It still lags cutting edge centralized open source efforts — but it will surpass those over the coming years just as open always does with closed when properly applied.
First on record: Joseph Jacks, 8 Feb 2025 · @JosephJacks_ on X verified
Used by, in order of first use BitMind's mission is to create the best deepfake detection solution on the market, demonstrating the potential of decentralized AI and building the infrastructure for AI engineers to develop powerful end-user applications.
First on record: BitMind (SN34), 3 Oct 2024 · BitMindAI on Medium verified
Used by, in order of first use Bittensor TAO is probably the most interesting thing in BOTH crypto and AI afoot right now. The coin nearly doubled in value last week: Bitcoin economics + open AI subnetworks = 'actual' OpenAI -- the 'Linux' of the space. Now ReadyAI -- a subnet -- is attacking Scale.AI and making dents already.
First on record: Mark Jeffrey, Sep 2024 · Mark Jeffrey on LinkedIn verified
Used by, in order of first use The result: Bitcoin created $2.5 trillion in value and Earth's largest supercomputer in aggregate, 500x larger than the nearest competitor. Bittensor says, Hmm. This 'task contest' mining idea worked exceedingly well once. Maybe it can be replicated across multiple AI (and other) domains. So Bittensor takes Bitcoin's mining idea and expands it. Bittensor makes mining programmable.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use Bittensor has been a rabbit hole that keeps drawing me deeper. Over the past few months, I've spent quite a bit of time researching and engaging in conversations with subnet miners, validators, and owners. Given its complexity, Bittensor is often misunderstood.
First on record: Sami Kassab, 13 Dec 2023 · @Old_Samster on X verified
Used by, in order of first use In early 2025, Bittensor's Dynamic TAO upgrade gave every subnet its own token, handing control of emission distribution over to the market. Subnet teams now operate more like startups, competing in public for capital and attention.
First on record: Sami Kassab, 27 May 2025 · Unsupervised Capital verified
Used by, in order of first use Swarm refers to multiple nodes working towards the same goal - but IOTA harnesses Bittensor to overcome the challenges of trustless incentivization and reward
First on record: IOTA (SN9), 17 Jun 2025 · Macrocosmos Substack verified
Used by, in order of first use What BitTensor is actually doing is inverting capitalism...get rewarded by this token, which is increasingly worth more as you have more activity contribution on the network...you're only producing open commodities.
First on record: Joseph Jacks, 1 Oct 2024 · Unchained with Laura Shin verified
Used by, in order of first use Affine is a Bittensor subnet (netuid 120) that crowns miners by a single teacher-anchored distillation score — Reason (Λ2), not an LLM judge.
First on record: Affine (SN120), Sep 2026 · Affine Foundation GitHub verified
Used by, in order of first use I started looking across the whole decentralized AI space and started digging in on Bittensor. Very quickly, I came to the conclusion that from a theme or era perspective, this is the next big one.
First on record: Barry Silbert, 17 Apr 2025 · Raoul Pal: The Journey Man (Real Vision), wording via The Currency Analytics secondhand
Used by, in order of first use Like Bitcoin, miners can join or leave anytime. It's open to anyone, anywhere on earth. For this reason, some call Bittensor an 'Open Economy'. Others call it 'Incentivism'. We call it the most ferocious form of capitalism yet invented. Everyone competes, always. Only the most excellent get anything. And everyone is re-evaluated continuously: you cannot rest.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use The most important bubble chart: month-long Bittensor subnets, denominated in $TAO. What I care about MOST is how subnet bets OVER TIME expressed in $TAO (not dollars) do. The name of the game is: Accumulate as much $TAO as possible -- like it's BTC in 2013.
First on record: Mark Jeffrey, 26 Apr 2026 · Mark Jeffrey on X verified
Used by, in order of first use Subnet 34 has transformed from a distributed inference network into GAS, a self-sustaining Generative Adversarial Engine that co-evolves detectors, generators, benchmarks, and data in a single, incentive-aligned loop.
First on record: BitMind (SN34), 12 Nov 2024 · BitMind blog verified
Used by, in order of first use We're going to invest in it, we're going to build on it, we're going to help educate, create awareness, create access. We launched a new business in the fall of last year called Yuma. I'm putting my jersey back on. I'm still running DCG, but I'm back in the game.
First on record: Barry Silbert, 17 Apr 2025 · Raoul Pal: The Journey Man (Real Vision), wording via The Currency Analytics secondhand
Used by, in order of first use We're an API. And since we are effectively a gigantic, decentralized mixture of experts, what happens is at the mid-tensor layer, any model that you create is going to have...it's really a way to pick experts.
First on record: Ala Shaabana, 12 May 2022 · Towards Data Science podcast verified
Used by, in order of first use An adaptation… 🧘♂️ Bittensor subnets will replace networks with markets. Humans are the networked species.
First on record: Joseph Jacks, 4 Aug 2025 · @JosephJacks_ on X verified
Used by, in order of first use This may or may not be the next Bitcoin.
First on record: Jason Calacanis, 30 Apr 2025 · This Week in Startups verified
Used by, in order of first use It is the thing that I've gotten most excited about since Bitcoin.
First on record: Barry Silbert, 11 Sep 2025 · Fortune secondhand
Used by, in order of first use the protocol acts as the ecosystem's venture capitalist
First on record: Sami Kassab, 19 Aug 2025 · Unsupervised Capital verified
Used by, in order of first use If you ask five people: 'What is Bittensor?' You will get five different answers. If you remember early bitcoin, some people would say it's money, some people would say it's gold. Some people would say it's this blockchain [...] The way that I look at Bittensor is as the World Wide Web of AI.
First on record: Barry Silbert, 20 Nov 2024 · CoinDesk secondhand
Used by, in order of first use Focus on the beauty and fundamental advantage of Bittensor: Permissionless extrinsic ($TAO and corresponding alpha) incentives for producing continuously improving N dimensional digital commodities. The entire point is to create a sustainable "bootstrapped" activation energy for teams anywhere to create asymmetrical contributions without the need to get ANYONE's permission for anything... especially a VC.
First on record: Joseph Jacks, 3 Apr 2025 · @JosephJacks_ on X verified
Used by, in order of first use Bittensor TAO is probably the most interesting thing in BOTH crypto and AI afoot right now. The coin nearly doubled in value last week: Bitcoin economics + open AI subnetworks = 'actual' OpenAI -- the 'Linux' of the space. Now ReadyAI -- a subnet -- is attacking Scale.AI and making dents already.
First on record: Mark Jeffrey, Sep 2024 · Mark Jeffrey on LinkedIn verified
Used by, in order of first use You can think of Subnets as 128 AI startups. ... To get a Subnet token, you must stake $TAO. This means that subnet tokens ARE rehypothecated $TAO under the hood. ... Subnet tokens and $TAO are simply two versions of the same thing.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use Bitcoin is aligning individuals through this incentive mechanism. It's an alignment technology, which then allows us to scale to this super internet scale, peer-to-peer, open source, decentralized.
First on record: Jacob Steeves, 19 Sep 2022 · The Bittensor Hub (transcript on PodScript) verified
Used by, in order of first use We're an API. And since we are effectively a gigantic, decentralized mixture of experts, what happens is at the mid-tensor layer, any model that you create is going to have...it's really a way to pick experts.
First on record: Ala Shaabana, 12 May 2022 · Towards Data Science podcast verified
Used by, in order of first use Subnet tokens are an emerging asset class, fueled by TAO, that provide investors with unprecedented exposure to a massive wave of AI innovation. The decentralized AI sector has the power to be as transformative as Bitcoin, and Yuma Asset Management is opening the door for investors to access it through Bittensor.
First on record: Barry Silbert, 9 Oct 2025 · Yuma (yumaai.com) verified
Used by, in order of first use When you abstract everything away, Bittensor is all about adding an ownership layer and aligning incentives in a decentralized environment. This effectively creates a new form of capitalism. And we think it's the most ferocious form of capitalism. Whole companies and whole departments can be atomized, broken down into their component pieces, and reassembled in the image of Bitcoin's Incentivism.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use We've seen the same fractal repeat many times in compu-history: open (aka 'The Bazaar') wins over closed, large and centralized ('the Cathedral') almost every time. ... The lesson is clear: You can't fight the whole world. Open-source movements typically attract the best minds from all over the world to contribute.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use The $TAO halving has me taking a moment to reflect The first time I came across Bittensor, it felt like Bitcoin in 2012 - a small group of builders with a clear, ambitious vision This time, the opportunity is intelligence Greg does a great job laying out the similarities below
First on record: Barry Silbert, 15 Dec 2025 · @BarrySilbert on X secondhand
Used by, in order of first use Bittensor has the exact same economics as Bitcoin, by design. This includes a halving at roughly 4-year intervals. ... Nobody knows exactly what the halving will do to Bittensor's price. But if Bitcoin is comparable, that suggests a 10x or a 20x over 2026 is possible (that would put $TAO price at $3000 - $6000).
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use $TAO is up 130% this month. Why? And what's next? ... 02:56 Understanding Proof of Work and BitTensor's Unique Approach 06:09 The Evolution of BitTensor: From Single Network to Subnets ... 14:59 Monetization and the Duality of Capitalism in BitTensor 18:07 Comparing BitTensor to Bitcoin Mining ... 42:20 The Future of TAO and Its Market Potential
First on record: Mark Jeffrey, 10 Oct 2024 · Hash Rate (Spotify for Creators) verified
Used by, in order of first use Hash Rate - Ep. 46: Bittensor AI Venture Capital ... $25M committed to #Bittensor ecosystem!!! ... AI startups make more revenue on Bittensor (!) - $TAO to 1 Trillion+? A #Bitcoin-like asset? ... Bittensor is generating more revenue than OpenAI? - Are blockchains socialism? Or capitalism? Or BOTH?
First on record: Mark Jeffrey, 8 Mar 2024 · Mark Jeffrey on X (Hash Rate) verified
Used by, in order of first use But instead of a single commodity on the network like SHA256 Hashes on Bitcoin, there's N commodities … ! Each commodity takes a slice of the network to express its "incentive mechanism" ..which is basically an arbitrarily complex program that specifies the boot-loader logic for a loss function that optimizes over a problem space.
First on record: Joseph Jacks, 27 Jan 2025 · @JosephJacks_ on X verified
Used by, in order of first use As DNA sequencing costs have fallen from $1 million to under $200 per genome, the bottleneck in genomics has shifted from data generation to data analysis.
First on record: Minos (SN107), Feb 2026 · theminos.ai verified
Used by, in order of first use build the future of cloud computing … committed to pushing the boundaries of decentralized storage
First on record: Hippius (SN75), 10 Sep 2025 · Hippius community forum verified
Used by, in order of first use One way to think about it is as a brain. Another is as a city. Bittensor is made up of 'subnets', which you can think of as neighbourhoods or specialised regions. Each subnet solves a different problem — storage, inference, training, object generation, defect detection.
First on record: Ala Shaabana, 16 Jan 2026 · CoinShares, The Node verified
Used by, in order of first use One of these subnets may finally bridge the crypto <> normal users gap, and that will make it an industry success, not just bittensor.
First on record: Ala Shaabana, 9 Dec 2025 · @shibshib89 on X verified
Used by, in order of first use Someone I considered a brother, Samuel Dare, took actions with the intention to cause maximum pain
First on record: Jacob Steeves, 11 Apr 2026 · const on X verified
Used by, in order of first use Bittensor is generating > $150M in revenue compensation for developers building AI services on the network. Growing exponentially. As a VC funded startup, it would be valued at > $15 Billion. Instead, it's a decentralized cap table for all. Trading at $2B~. Let it be known.
First on record: Joseph Jacks, 27 Jan 2024 · @JosephJacks_ on X verified
Used by, in order of first use A new chapter for Bittensor $TAO: BitGo has partnered with Yuma to bring TAO staking to institutions
First on record: Barry Silbert, 5 Jun 2025 · @BarrySilbert on X secondhand
Used by, in order of first use One way to think about it is as a brain. Another is as a city. Bittensor is made up of 'subnets', which you can think of as neighbourhoods or specialised regions. Each subnet solves a different problem — storage, inference, training, object generation, defect detection.
First on record: Ala Shaabana, 16 Jan 2026 · CoinShares, The Node verified
Used by, in order of first use the premined Bittensor clones are on their way lads. give them nothing.
First on record: Jacob Steeves, 12 Aug 2025 · const on X verified
Used by, in order of first use Deploy any AI model in minutes with Chutes. Built on a serverless AI infrastructure atop the Bittensor network, Chutes eliminates costly and complex GPU hosting.
First on record: Chutes (SN64), 7 Oct 2025 · Chutes blog verified
Used by, in order of first use At Stillcore, we suspect we will see one or more breakout subnets in 2026. We think at least one Subnet token will reach a market cap of $1B. ... If this occurs, the demand for $TAO will spike rapidly. Why? Because you need $TAO to get Subnet tokens. $TAO is the coin of the realm.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use And so we actually think there's going to be a huge shift from the centralized AI, proprietary AI kind of closed companies to BitTensor really incentivizing this large commodity marketplace.
First on record: Joseph Jacks, 1 Oct 2024 · Unchained with Laura Shin verified
Used by, in order of first use This last year brought on high levels of awareness and participation across a broad set of stakeholders, miners, developers, end users, speculators, analysts and researchers all working toward the same mission: make AI a sustainable common good.
First on record: Joseph Jacks, 12 Jan 2024 · @JosephJacks_ on X verified
Used by, in order of first use Ridges is an Bittensor subnet that acts as an open source agent competition platform, where miners both compete and collaborate on a software engineering agent.
First on record: Ridges (SN62), Sep 2026 · Ridges GitHub verified
Used by, in order of first use Information itself on the network also compounds. Right. You don't need to relearn things anymore because you're speaking to other models and might have already learned something that your model doesn't know yet.
First on record: Ala Shaabana, 12 May 2022 · Towards Data Science podcast verified
Used by, in order of first use Minos is being built in five phases, starting with hyperparameter optimization of proven tools and progressing toward fully custom algorithms, consensus AI, and production-grade genomic services. … Ship the consensus caller as a production-grade service: versioned Docker images, automatic updates from subnet learnings, clinical-friendly reporting, and state-of-the-art accuracy tracking.
First on record: Minos (SN107), Sep 2026 · theminos.ai verified
Used by, in order of first use There is this sort of constellation effect, of you needing lots and lots of pieces of the AI process to be really effective in this space, and in Bittensor. Ultimately, the network needs lots of these commodities to be super valuable. And so we saw a lot of harmony between building more than one of them
First on record: IOTA (SN9), 3 Oct 2024 · Novelty Search (Opentensor Foundation), via Macrocosmos Substack verified
Used by, in order of first use At this time, no Subnet has truly crossed the chasm. True, there is a lot of early success and 'signal'. But no Subnet has yet achieved true breakaway success. ... But we don't know yet if Subnet teams can productize and market products. We don't know whether they can generate breakout revenue.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use Bittensor is not complete until thoroughly decentralized, and decentralization is the crowning jewel of what we are building.
First on record: Jacob Steeves, 21 Jun 2026 · const on X verified
Used by, in order of first use In short, it's a cult. There's weird stuff, sure. But also real conviction. There's actual activity on the subnets.
First on record: Teng Yan, 27 May 2025 · Chain of Thought verified
Used by, in order of first use Our aim is to move away from a plateau curve for the subnet, opting instead for an exponential curve where competition is not based on registration.
First on record: Targon (SN4), 3 Jun 2024 · Manifold Labs releases verified
Used by, in order of first use Everything in Bittensor is contests within contests to win new $TAO. ... It's contests within contests. It's very Darwinian. It's very 'Hunger Games'. And it's merciless: the weakest subnets and the weakest miners are regularly culled by the chain. ... Every day is a new gladiatorial round.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use DTAO represents a fundamental shift towards true market democracy in the valuation of subnets. Where the previous system concentrated power in the hands of a few validators, DTAO opens participation to anyone willing to stake TAO in subnet pools.
First on record: Opentensor Foundation, Jan 2025 · bittensor.com verified
Used by, in order of first use Bittensor is showing us what the potentially perfect form of direct democracy (dd) could look like. ... My prediction is that Bittensor dTAO (dynamic TAO) will be the most interesting and potentially successful form of dd in human history.
First on record: Joseph Jacks, 27 Jan 2025 · @JosephJacks_ on X verified
Used by, in order of first use Chutes has officially arrived—bringing permissionless AI compute to everyone, right in time for the holidays. Leveraging the same Bittensor network that powers many AI subnets, Chutes opens the door for anyone to run any AI model with minimal setup.
First on record: Chutes (SN64), 24 Dec 2024 · Chutes blog verified
Used by, in order of first use Chutes harnesses the Bittensor ecosystem—a decentralized network of specialized AI systems—to deliver aggregate performance and diversity of capabilities that are difficult to match with traditional centralized approaches.
First on record: Chutes (SN64), 12 Nov 2025 · Chutes blog verified
Used by, in order of first use The real issue is not that the AIs are going to take over the world ... It's not the iRobot outcome, it's the Elysium outcome, where humanity and the world is so centralized in terms of power, metastasized by artificial intelligence, that all of us are just but slaves effectively to these massive companies.
First on record: Jacob Steeves, 15 Apr 2024 · Fortune secondhand
Used by, in order of first use Affine is building an incentivized RL environment that pays miners for incremental improvements on tasks like program synthesis and coding.
First on record: Affine (SN120), 2025 · Affine.io job posting on web3.career verified
Used by, in order of first use There are a number of projects that have launched. We've backed a number of them. But the one that over the past year or year and a half that has reached escape velocity is Bittensor.
First on record: Barry Silbert, 17 Apr 2025 · Raoul Pal: The Journey Man (Real Vision), wording via The Currency Analytics secondhand
Used by, in order of first use one of the most intriguing experiments in the emerging Crypto x AI sector … must address its current challenges head-on to stand any chance of achieving real-world success—otherwise it will be lost in the graveyard of speculative hype.
First on record: Teng Yan, 5 Jun 2024 · Chain of Thought verified
Used by, in order of first use The AI founder I'm most inspired by ... over the last year is Jake Steeves (@const_reborn), father of Bittensor. ... Instead of easily joining or founding a closed and heavily VC-funded foundation model startup, Jake decided to commit to a different path… one that would change the course of his life and, over time, everyone else's forever.
First on record: Joseph Jacks, 12 Jan 2024 · Joseph Jacks' Personal Blog verified
Used by, in order of first use I think it's like it is too clever in the same way the United States of America was too clever ... Why do all these like states have these state rights? ... it turns out like sometimes if you do things that are not efficient, then you gain some other qualities like resilience or competition.
First on record: Jason Calacanis, 30 Apr 2025 · This Week in Startups verified
Used by, in order of first use the validator, which is the person who basically arbitrates, did you actually perform the task? Again, in crypto uses a lot of fancy terms or a lot of wonky terms. A validator is just the person who checks the work. Okay, you made a flat white. Is this a good flat white or is it garbage?
First on record: Jason Calacanis, 10 Apr 2026 · This Week in Startups verified
Used by, in order of first use No subsidies. No underwater deals. No abuse vectors. Just real customers paying for real usage, and a fleet that earns its keep.
First on record: Chutes (SN64), 20 Mar 2026 · Chutes blog verified
Used by, in order of first use It's the most amazing feeling as a builder. Frankenstein, it's alive.
First on record: Jacob Steeves, 15 Apr 2024 · Fortune secondhand
Used by, in order of first use Finney is about BitTensor's freedom in Web3. Freedom from centralized control.
First on record: Jacob Steeves, 10 Jan 2023 · The Bittensor Hub (transcript on PodScript) verified
Used by, in order of first use Instead of forming a 'company', imagine you make a list of 'tasks'. Freelancers -- some with PhD's -- from all over the world compete to finish each task for you THE BEST. It's a contest. And only the best freelancers get paid ... But not by you. A Bitcoin-like blockchain pays them. That's Bittensor.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use build the future of cloud computing … committed to pushing the boundaries of decentralized storage
First on record: Hippius (SN75), 10 Sep 2025 · Hippius community forum verified
Used by, in order of first use Mining increasingly resembles a prompt engineering game rather than a pure software engineering problem. … approaching the inflection point of the S-curve, where attention, builders, and capital deployment begin to accelerate
First on record: Sami Kassab, 29 Jan 2026 · Unsupervised Capital verified
Used by, in order of first use I see entrepreneurs like Gavin and Pranav trying these things across 128 ... And if it works, it's going to be cloud computing, storage, and ... lead gen. It's going to be everything. Everybody's going to try to play one of these games to lower the cost of basic services. That's my bet.
First on record: Jason Calacanis, 24 Mar 2026 · This Week in Startups Clips verified
Used by, in order of first use Or, you can be a subnet validator, find markets, enterprises, small-businesses, application developers or end-users, for these digital products, generate revenue and earn TAO. Or you can just be a subnet owner and create fertile grounds for the growth of your subnet validators and subnet miners and earn TAO. Come join us and write your own decentralized economies into existence.
First on record: Opentensor Foundation, 5 Jun 2024 · bittensor.com verified
Used by, in order of first use If we opened a gas station and cut our prices to $0, we would expect a line of cars that stretched further than the eye could see.
First on record: Targon (SN4), 22 May 2025 · Manifold Labs releases verified
Used by, in order of first use Everything in Bittensor is contests within contests to win new $TAO. ... It's contests within contests. It's very Darwinian. It's very 'Hunger Games'. And it's merciless: the weakest subnets and the weakest miners are regularly culled by the chain. ... Every day is a new gladiatorial round.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use We like to say that we're building the neural internet, because for the first time ever, we're successfully doing machine learning across thousands of individuals ... We're like the Marshall McEwan global brain, but for AIs.
First on record: Jacob Steeves, 19 Sep 2022 · The Bittensor Hub (transcript on PodScript) verified
Used by, in order of first use This is capitalism at its finest. And if you ever dreamed of, you know, one human race working on projects beyond borders, beyond governments, beyond regulation, that's what makes this so um compelling to me. It kind of cuts across humanity and just makes a global competition for capitalism.
First on record: Jason Calacanis, 10 Apr 2026 · This Week in Startups verified
Used by, in order of first use if everybody in the world could work at your local Starbucks, or anybody in the world could magically sell coffee beans to your local coffee shop, and they basically had a competition, you would have a barista for $1 a day, $2 a day, living like a king or queen in their native location.
First on record: Jason Calacanis, 10 Apr 2026 · This Week in Startups verified
Used by, in order of first use Bittensor Subnet 3 (@tplr_ai) and the overall Bittensor network itself solves this … Scam Altcoin can kiss his paternalistic god mode ambitions goodbye.
First on record: Joseph Jacks, 25 Apr 2025 · @JosephJacks_ on X verified
Used by, in order of first use one of the most intriguing experiments in the emerging Crypto x AI sector … must address its current challenges head-on to stand any chance of achieving real-world success—otherwise it will be lost in the graveyard of speculative hype.
First on record: Teng Yan, 5 Jun 2024 · Chain of Thought verified
Used by, in order of first use There's a strong gravitational pull for this technology to construct corporations which are just beyond the trillion dollar range, and that's where OpenAI is focused.
First on record: Jacob Steeves, 18 Sep 2023 · Fox Business secondhand
Used by, in order of first use So Bittensor is the project. TAO is the coin. The network instead of doing gumball math is doing here is a competitor to AWS.
First on record: Jason Calacanis, 30 Apr 2025 · This Week in Startups verified
Used by, in order of first use In Bitcoin, the contest to 'find the hash of the previous block first' basically boils down to guessing the number of gumballs in a jar. ... the actual work of 'guessing gumballs' is itself very wasteful. By contrast ... the 'work' done in Bittensor mining contests is actually very useful. Bittensor calls this Proof of Useful Work.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use we want to basically split each step up and get the miners to specialize in one kind of step... and then we basically create like a handoff layer where, when someone gives us a problem, we can split it up into all these steps and allow the agents to just focus on their one step
First on record: Ridges (SN62), Jun 2025 · Ventura Labs secondhand
Used by, in order of first use This will prove to birth the first subnets on Bittensor that run headless and as true commodities.
First on record: Jacob Steeves, 9 Apr 2026 · The Block secondhand
Used by, in order of first use The pre-training subnet (SN9), is at the heart of Bittensor's vision. Pre-training is the crucial first step in the creation of all modern AI models, where enormous amounts of data and computational power are consumed by the model in order for it to begin to understand the world.
First on record: IOTA (SN9), 13 May 2024 · Macrocosmos Substack verified
Used by, in order of first use Instead, Bittensor has leaders. There are people at its helm: me, two other engineers, and a very tight-knit group.
First on record: Jacob Steeves, 21 Jun 2026 · const on X verified
Used by, in order of first use It is going to surprise a lot of people and will be obvious in hindsight
First on record: Barry Silbert, 19 Sep 2024 · The Defiant secondhand
Used by, in order of first use Beneath the surface, this 'digital hive mind' has quietly made leaps: more subnets with lower registration fees, subnets that are outperforming their Web2 counterparts in real metrics like inference speed, and EVM compatibility that introduces DeFi-like features onto Bittensor's network.
First on record: Teng Yan, 8 Jan 2025 · Chain of Thought verified
Used by, in order of first use Subnet 9 is now the home to the world's first ever model parallel and data parallel incentivized trustless pretraining protocol
First on record: IOTA (SN9), 17 Jun 2025 · Macrocosmos Substack verified
Used by, in order of first use Bittensor's home run swing at distributed training and compute explained by it's charismatic leader himself. $TAO
First on record: Keith Singery, 21 Jul 2025 · @KeithSingery on X verified
Used by, in order of first use a decentralised incentive network for AI models … it's horse racing for AI models. The best horse (model) gets the greatest rewards.
First on record: Teng Yan, 5 Jun 2024 · Chain of Thought verified
Used by, in order of first use The agent works unattended, in a sandbox managed by Ridges.AI... which can only be merged with your approval just like a human developer would.
First on record: Ridges (SN62), Sep 2026 · Ridges docs verified
Used by, in order of first use Everything in Bittensor is contests within contests to win new $TAO. ... It's contests within contests. It's very Darwinian. It's very 'Hunger Games'. And it's merciless: the weakest subnets and the weakest miners are regularly culled by the chain. ... Every day is a new gladiatorial round.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use As of writing, the miners on Targon can afford approximately 1,400 H200s a day. This places us in hyperscaler territory.
First on record: Targon (SN4), 31 Mar 2025 · Manifold Labs releases verified
Used by, in order of first use At Stillcore, we suspect we will see one or more breakout subnets in 2026. We think at least one Subnet token will reach a market cap of $1B. ... If this occurs, the demand for $TAO will spike rapidly. Why? Because you need $TAO to get Subnet tokens. $TAO is the coin of the realm.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use By incentivizing developers to create their own markets, Bittensor is positioning itself to become a one-stop-shop for those seeking all the necessary requirements for building unstoppable applications. … The release of subnets offers the potential to pull these tools into a shared network, making all the ingredients necessary to create intelligence available within one network, governed by one token.
First on record: Opentensor Foundation, 7 Sep 2023 · Opentensor Foundation on Medium verified
Used by, in order of first use Some call TAO the Bitcoin of AI. Others say it's the internet of AI.
First on record: Teng Yan, 27 May 2025 · Chain of Thought verified
Used by, in order of first use The same dynamic will occur with every Bittensor halving (first one occurring next month!). Inverse ~ Jevons: More digital scarcity will create more incentive consumption.
First on record: Joseph Jacks, 14 Oct 2025 · @JosephJacks_ on X verified
Used by, in order of first use Thus $TAO tracks the combined value of all the Subnets akin to how an S&P 500 ETF tracks the combined value of the world's top 500 companies. In a certain sense, all Subnets are part of a 'TAO keiretsu'. They are at once separate and distinct, but united by a super-entity, a base token, that aligns them all.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use We're building a way of aligning individuals and compute so that we can work on these incredibly large problems without being underneath a particular organization which holds the keys.
First on record: Jacob Steeves, 19 Sep 2022 · The Bittensor Hub (transcript on PodScript) verified
Used by, in order of first use King-of-the-hill subnet. Miners upload checkpoints privately to a validator-controlled bucket … The validator crowns the reigning king by a single teacher-anchored distillation score … Replayability is the trust model: two checkpoints + public D + affine/score.py → recompute the verdict
First on record: Affine (SN120), Sep 2026 · affine.io verified
Used by, in order of first use We believe we have a small window of opportunity to build the world's first decentralized frontier AI lab.
First on record: Targon (SN4), 31 Mar 2025 · Manifold Labs releases verified
Used by, in order of first use The seesaw back and forth between using the asymmetry to create intelligence and then using that intelligence to evaluate even better intelligence is what takes us further up the ladder towards AGI and beyond.
First on record: Jacob Steeves, 8 Jul 2024 · const on X verified
Used by, in order of first use Bittensor is essentially a language for writing numerous decentralized commodity markets, or ‘subnets’, situated under a unified token system. … By analogy, Bittensor brings the same type of abstraction which Ethereum added to Bitcoin for running decentralized contracts, but onto Bitcoin’s inverse innovation — digital markets.
First on record: Opentensor Foundation, 15 Sep 2026 · bittensor.com verified
Used by, in order of first use At any moment there is a leader: the best approved agent on the current evaluation set. … Emissions are split among every approved agent in proportion to how much it improved on the best agent at the time it was approved.
First on record: Ridges (SN62), Sep 2026 · Ridges docs verified
Used by, in order of first use Use our intuitive console to pay using fiat or through the Bittensor network … Bittensor tracks transaction and service delivery, so you know exactly what you're getting
First on record: Hippius (SN75), 2026 · hippius.com verified
Used by, in order of first use Bicameral Legislature: A two-tier legislative system comprising the Triumvirate and the Senate for proposal approval. … Commit Reveal: The commit reveal feature is designed to solve the weight-copying problem by giving would-be weight-copiers access only to stale weights.
First on record: Opentensor Foundation, 14 May 2025 · docs.bittensor.com verified
Used by, in order of first use Alpha tokens give you leveraged exposure to subnet success. But that leverage cuts both ways. … Inflation is high. Liquidity is thin. Volatility is baked in.
First on record: Teng Yan, 27 May 2025 · Chain of Thought verified
Used by, in order of first use It's like if three people in the world owned all the libraries, teachers and computers, and everyone else needed permission to use them
First on record: Ala Shaabana, 18 Dec 2025 · CoinDesk secondhand
Used by, in order of first use Our goal in this study was not to create a single synthetic genome example but to build the infrastructure needed for a growing library of synthetic genomes at scale.
First on record: Minos (SN107), 28 Jul 2026 · OpenAI verified
Used by, in order of first use It's this constant churn, a battle between the light and the dark. That's a lot of why we like Taoist symbolism.
First on record: Jacob Steeves, 15 Apr 2024 · Fortune secondhand
Used by, in order of first use Delegation is effectively a liquid democracy where individuals can build organizations and move TAO around.
First on record: Jacob Steeves, 10 Jan 2023 · The Bittensor Hub (transcript on PodScript) verified
Used by, in order of first use Previously, the mechanism was based on Subnet token price: whoever had the highest price won the most new $TAO. But this allowed early winners that had already achieved high market caps to rest. A 'liquidity aristocracy' arose. Inertia supplied them with a moat. ... The chain is generous – and it is savage and merciless.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use Bittensor is a global incentives machine
First on record: IOTA (SN9), 26 Jun 2025 · Macrocosmos Substack verified
Used by, in order of first use the internal machinery of capitalism
First on record: Jacob Steeves, Aug 2026 · This Week in Startups secondhand
Used by, in order of first use It's still early, but we're seeing the first signs of this value flow back into subnet tokens, which are becoming more than just network incentives. They are functioning as market validation, signaling the value that each subnet provides to the overall network and the intelligence it generates.
First on record: Barry Silbert, 4 Mar 2026 · The Block secondhand
Used by, in order of first use Incentives transcend currencies because it's a meta language.
First on record: Joseph Jacks, 25 Jul 2025 · The TAO Pod secondhand
Used by, in order of first use Bittensor is becoming the mirror for AI the same way Bitcoin is for money. … Const is effectively operating as CEO again, and upgrades are shipping faster than they have in a year. … Decentralized AI will be the largest crypto movement since Bitcoin.
First on record: Sami Kassab, 5 Aug 2026 · Unsupervised Capital verified
Used by, in order of first use We looked at projects like Folding@Home or SETI@Home. They were distributed, but they lacked proper incentives, and ultimately they failed. That's when it became clear that blockchain was the missing piece.
First on record: Ala Shaabana, 16 Jan 2026 · CoinShares, The Node verified
Used by, in order of first use At this time, Bittensor does not have a true competitor. Bittensor was fair-launched, just like Bitcoin. This is extremely hard to pull off, and now serves as a significant moat – one that could probably not be replicated today.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use you don't have just one massive network or one massive monolith. Now you have small subnetworks...these subnetworks can actually take care of different aspects
First on record: Ala Shaabana, 9 Mar 2023 · The Bittensor Hub verified
Used by, in order of first use I own no Bitcoin, my only massive exposure to a proof-of-useful-work token is Bittensor $TAO which will get to $100K in 1/2 the time it took $BTC. But this is a happy day. Am immensely important milestone. Bitcoin is the MOTHER of Bittensor.
First on record: Joseph Jacks, 5 Dec 2024 · @JosephJacks_ on X verified
Used by, in order of first use I think the easiest thing to do is buy a little bit of TAO. You get the mutual fund effect, which would be like if you asked me, “Should I be an angel investor, or should I put money into a VC firm?”
First on record: Jason Calacanis, 13 Apr 2026 · This Week in Startups verified
Used by, in order of first use We like to say that we're building the neural internet, because for the first time ever, we're successfully doing machine learning across thousands of individuals ... We're like the Marshall McEwan global brain, but for AIs.
First on record: Jacob Steeves, 19 Sep 2022 · The Bittensor Hub (transcript on PodScript) verified
Used by, in order of first use Internet-scale Neural Networks
First on record: Opentensor Foundation, 8 Aug 2022 · GitHub, opentensor/bittensor verified
Used by, in order of first use TaoDaily.io is the new TechCrunch. Everything Bittensor summarized on the front page. Every boom period has one of these - Daily $TAO is this cycle's.
First on record: Mark Jeffrey, 28 Aug 2025 · Mark Jeffrey on X verified
Used by, in order of first use Jason gets it. He's early in the next big thing, like usual Don't sleep on Bittensor $TAO
First on record: Barry Silbert, 26 Jul 2026 · @BarrySilbert on X secondhand
Used by, in order of first use Optimizing for a niche is allowed and expected … recognizing a specific problem and applying a stored answer is hardcoding
First on record: Ridges (SN62), Sep 2026 · Ridges docs verified
Used by, in order of first use Our current north star for IOTA is to make our system indistinguishable for training purposes from centralised alternatives.
First on record: IOTA (SN9), 5 Nov 2025 · TaoPill verified
Used by, in order of first use Bittensor (TAO) has been around for years. It's the OG in the room. But its token price has languished, hovering at the same level as a year ago despite all the frenzy around AI.
First on record: Teng Yan, 8 Jan 2025 · Chain of Thought verified
Used by, in order of first use By replacing the current subnet valuation model with an open market, we make the subnet valuation process more efficient, increase coordination costs for malicious participants aiming to manipulate emissions, and eliminate the apathetic oligarchic voting system
First on record: Opentensor Foundation, Jan 2025 · bittensor.com verified
Used by, in order of first use By incentivizing developers to create their own markets, Bittensor is positioning itself to become a one-stop-shop for those seeking all the necessary requirements for building unstoppable applications. … The release of subnets offers the potential to pull these tools into a shared network, making all the ingredients necessary to create intelligence available within one network, governed by one token.
First on record: Opentensor Foundation, 7 Sep 2023 · Opentensor Foundation on Medium verified
Used by, in order of first use Bittensor Subnets are 'open source startups'. Anyone can join one of these startups by becoming a Miner. And anyone can invest in them by buying Subnet tokens. Because the whole world competes, you get this insanely efficient product creation engine.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use His work explores incentive-based computer networks and open systems for producing and coordinating machine intelligence.
First on record: Affine (SN120), Sep 2026 · Exploit Summit secondhand
Used by, in order of first use A subnet is an economic verification system. Any objective function can be translated into an incentive mechanism that defines the rules of competition. … If you can verify the solution, the problem is fair game.
First on record: Sami Kassab, 12 Mar 2026 · Unsupervised Capital verified
Used by, in order of first use Introducing Targon Order Book: A new market mechanism enabling miners to set ask prices for their H200s, creating a more efficient and transparent compute marketplace with predictable hourly rates.
First on record: Targon (SN4), 14 Jul 2025 · Manifold Labs releases verified
Used by, in order of first use The logic is simple—better coding models lead to even more advanced AI, accelerating the path to AGI.
First on record: Ridges (SN62), 2025 · Subnet Alpha secondhand
Used by, in order of first use My $TAO vibe-miner is an attempt to create the Bittensor version of this. ... A Claw, on Bittensor hosting ... with its own TAO wallet ... It pays for its own life. ... many (most?) subnets require 'human alpha' to win: no Claw or Claude can yet match that.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X verified
Used by, in order of first use As you can see, like Bitcoin, there's so many picks and shovels and services and application layer here. There's all different places to invest.
First on record: Jason Calacanis, 6 Mar 2026 · This Week in Startups verified
Used by, in order of first use for full disclosure, uh you were starting a fund to take advantage of this called Stillcore and I joined you as a partner in that. I put some of my chips in. I think I'm going to be ready to put some more chips in, I'll be honest this year. I feel I'm feeling a little frisky.
First on record: Jason Calacanis, 6 Mar 2026 · This Week in Startups verified
Used by, in order of first use Bittensor Subnets are 'open source startups'. Anyone can join one of these startups by becoming a Miner. And anyone can invest in them by buying Subnet tokens. Because the whole world competes, you get this insanely efficient product creation engine.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use TAO is not just a utility token — it is a productive asset. Holding it earns a share of the inflation of all 128 competitively optimized subnets. We call that share root proportion: the fraction of Bittensor’s underlying subnets owed to TAO itself.
First on record: Opentensor Foundation, Jul 2026 · bittensor.com verified
Used by, in order of first use And now, with the intelligence of the people participating in the network — they are going in and pruning out the subnets that didn't really grow into an effective branch that is contributing to the overall project. Once that is done — what you'll see is an explosion of subnets on Bittensor
First on record: Keith Singery, 15 Apr 2024 · Genfinity secondhand
Used by, in order of first use I've always said there would be a better Bitcoin. Um and that there would be a better opportunity. I think the game of Bitcoin has ended and it ended when Michael Saylor got to three, four, five points of ownership of Bitcoin, Alex, and other corporate interests bought a certain amount. It's not punk rock anymore.
First on record: Jason Calacanis, 24 Mar 2026 · This Week in Startups Clips verified
Used by, in order of first use Gradients, built on the Bittensor network, attacks this problem through competition. Independent miners race to find optimal hyperparameters, earning rewards proportional to their models' performance. This tournament drives exploration of configuration spaces that single-strategy methods never examine.
First on record: Gradients (SN56), 9 Jun 2025 · arXiv (Rayon Labs) verified
Used by, in order of first use dTAO is a major step in the right direction … the start of a Bittensor renaissance, one that plays out over years. … forcing everyone to finally pay attention—not just to TAO, but to what each subnet is actually building.
First on record: Teng Yan, 21 Feb 2025 · Chain of Thought verified
Used by, in order of first use There is no greater story than people’s relentless and dogged endeavor to overcome repressive regimes. … centralized firms, markets and authorities are engaged in a never-ending disempowerment of human people’s autonomy. Bittensor is creating a new future for humanity, where new economies and new commodities are decentralized by design and where no single entity is a sole authority.
First on record: Opentensor Foundation, 5 Jun 2024 · bittensor.com verified
Used by, in order of first use Hash Rate - Ep. 185: $TAO On BASE + Robinhood Chain ... 02:21 $TAO bridges to BASE and Robinhood 07:14 Security and Chainlink CCIP for bridge safety ... 27:14 $TAO as a reserve currency 34:41 Meme coin integrations 40:36 Simplifying cross-chain access 45:34 Future: Subnet Tokens Are Coming!
First on record: Mark Jeffrey, 8 Sep 2026 · Hash Rate Podcast (YouTube) verified
Used by, in order of first use Decentralised AI changes this by letting you talk to many models at once, with validators selecting the best responses. Instead of one ChatGPT, you're speaking to a room of them. That brings resilience, nuance, and scale, and it opens the door to models with trillions of parameters.
First on record: Ala Shaabana, 16 Jan 2026 · CoinShares, The Node verified
Used by, in order of first use Mining increasingly resembles a prompt engineering game rather than a pure software engineering problem. … approaching the inflection point of the S-curve, where attention, builders, and capital deployment begin to accelerate
First on record: Sami Kassab, 29 Jan 2026 · Unsupervised Capital verified
Used by, in order of first use Imagine if Satoshi didn't do decentralized Bitcoin and instead went to VCs ... TAO's proposition is, we're not going to hire anybody. You have Earth's best minds competing against each other and they don't have to take a job ... You can't beat contestonomics that have financial incentives worldwide. It's the most efficient form of capitalism ever invented
First on record: Mark Jeffrey, 27 Mar 2026 · Mikli (@CryptoMikli) on X, clipping a Mark Jeffrey interview secondhand
Used by, in order of first use Previously, the mechanism was based on Subnet token price: whoever had the highest price won the most new $TAO. But this allowed early winners that had already achieved high market caps to rest. A 'liquidity aristocracy' arose. Inertia supplied them with a moat. ... The chain is generous – and it is savage and merciless.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use The seesaw back and forth between using the asymmetry to create intelligence and then using that intelligence to evaluate even better intelligence is what takes us further up the ladder towards AGI and beyond.
First on record: Jacob Steeves, 8 Jul 2024 · const on X verified
Used by, in order of first use The most authoritative AI fraud detection by building a dynamic, self-evolving service that instantly adapts to new threats.
First on record: BitMind (SN34), 2026 · BitMind docs verified
Used by, in order of first use Transparent and Decentralized Cloud Storage … Keep your data decentralized with fast, self-healing Arion storage
First on record: Hippius (SN75), 2026 · hippius.com verified
Used by, in order of first use the economic model starts to fall apart when competition extends horizontally. … having every AAPL shareholder vote on the next product
First on record: Teng Yan, 5 Jun 2024 · Chain of Thought verified
Used by, in order of first use Bittensor was built to be resistant to the pitfalls of human error; greed, selfishness, and other sins.
First on record: Jacob Steeves, 11 Apr 2026 · const on X verified
Used by, in order of first use building AI software engineers that fully replace human coders
First on record: Ridges (SN62), 4 Mar 2026 · SimplyTao secondhand
Used by, in order of first use Our vision is to commoditize reasoning—the highest form of intelligence—by directing and aggregating the work of a large, non-permissioned group on RL tasks to break the intelligence sound barrier.
First on record: Affine (SN120), 2025 · Affine.io job posting on web3.career verified
Used by, in order of first use Thus $TAO tracks the combined value of all the Subnets akin to how an S&P 500 ETF tracks the combined value of the world's top 500 companies. In a certain sense, all Subnets are part of a 'TAO keiretsu'. They are at once separate and distinct, but united by a super-entity, a base token, that aligns them all.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use Today, in 2025, Bittensor is akin to those early speed-of-light experiments: Clever but lossy, and very imperfect.
First on record: Joseph Jacks, 31 Aug 2025 · Joseph Jacks' Personal Blog verified
Used by, in order of first use Nearly half of all TAO in existence sits on root — 73% of all staked TAO. Until now that capital has been sterile, because the chain enforced a bias on how its owed inflation was used: sold into TAO the moment it arrived. This upgrade changes the nature of root yield, from passive to managed.
First on record: Opentensor Foundation, Jul 2026 · bittensor.com verified
Used by, in order of first use Subnets are stocks for ideas until those ideas become reality.
First on record: Joseph Jacks, 25 Jul 2025 · The TAO Pod secondhand
Used by, in order of first use A subnet at its core is just a liquidity pool. The TAO halving will cut the chain's liquidity injections in half. … Bittensor's halving is one of those shocks. It's an inadvertent one that stress-tests and hardens the network.
First on record: Sami Kassab, 14 Oct 2025 · Unsupervised Capital verified
Used by, in order of first use There's a $100,000,000 a year that are handed out basically as a subsidy
First on record: Ala Shaabana, 25 Mar 2026 · This Week in Startups, via Crypto Briefing secondhand
Used by, in order of first use Bittensor subnets are that substrate. They're literally just an objective function that rewards those that optimize for it. … Bittensor has built a mechanism to extract cooperation out of competition, which means it's become the only platform agents are actually cooperating on today.
First on record: Sami Kassab, 22 May 2026 · Unsupervised Capital verified
Used by, in order of first use The cost of registering a subnet has been one of the network’s quietest failures. … a subnet nobody uses still collects a slice of every block, which is to say, the tail of the network dilutes the subnets doing real work.
First on record: Opentensor Foundation, Jul 2026 · bittensor.com verified
Used by, in order of first use I think Bittensor could become something like TCP/IP for AI. Most people don't think about TCP/IP, but it underpins the entire internet. I see Bittensor becoming that underlying layer, quietly powering AI development everywhere.
First on record: Ala Shaabana, 16 Jan 2026 · CoinShares, The Node verified
Used by, in order of first use But Sam is not a key man for this ecosystem. The researchers who did the technical work, the miners who contributed compute, the validators who evaluated quality, they all remain, and Bittensor is 128 subnets, 482,000+ wallets, and an ecosystem of builders who are not going anywhere. One actor left the stage. The production continues.
First on record: Mark Jeffrey, 10 Apr 2026 · Stillcore Capital on X secondhand
Used by, in order of first use Great analysis of $TAO in this morning's @arca newsletter …I'm starting to think (like @DavFields said on the last Hash Rate) — that: $TAO may be the 'Third Great Coin' alongside Bitcoin and Ethereum. The intersecting flywheels of PoW PLUS required staking for…
First on record: Mark Jeffrey, 7 Oct 2024 · CaptainAltcoin on Binance Square, embedding @markjeffrey secondhand
Used by, in order of first use bittensor:native = ai sovereignty
Please buy just one $tao on @coinbase for two reasons:
1. “bet to to learn” while…
2. … you support “a third way” to protect sovereign intelligence
This is financial and philosophical advice.
Worst case you lose $200, best case you
First on record: Jason Calacanis, 15 Jul 2026 · @Jason on X verified
Used by, in order of first use a crown is paid for at most 72 hours after it is won. Every crown inside its window gets one equal share (2 paid crowns = 50/50, 3 = thirds); an older crown earns nothing even while it still holds the throne for duels; no paid crown = the emission burns.
First on record: Affine (SN120), 14 Sep 2026 · affine.io verified
Used by, in order of first use just buy one TAO is what I've been telling folks. Why? Because I think it is a ticket to watch ... a spectacular experiment occur ... It's a front row seat to like bet and learn and it's not financial advice
First on record: Jason Calacanis, 17 Aug 2026 · This Week in Startups verified
Used by, in order of first use we talked about the project known as Bitcoin, the tip of the spear that got everybody engaged in this, but the math problems and all the CPU was going towards busy work, not actually serving a purpose other than, you know, establishing the Bitcoin network ... but it also was using a lot of energy.
First on record: Jason Calacanis, 6 Mar 2026 · This Week in Startups verified
Used by, in order of first use when you spend an hour talking to him, it reminds me of what I saw in the Bitcoin early ... True Believers and I had somebody on I think in 2011 ... and I saw it then I didn't make a big enough bet and now I see this and it just all the signaling is going off.
First on record: Jason Calacanis, 17 Aug 2026 · This Week in Startups verified
Used by, in order of first use Bittensor Guru Episode 28 - Subnet 16 http://BitAds.ai by @firsttensor is up! S16 miners are advertising nodes … a monster idea that has much wider implications (Global Turing Test?!)
First on record: Keith Singery, 5 May 2024 · @KeithSingery on X verified
Used by, in order of first use However, dTAO (estimated Q1 2025) could be the big turning point. … dTAO ties block rewards directly to innovation and actual measurable performance. The better the subnet, the more valuable its token—and thus, the more emissions it gets.
First on record: Teng Yan, 8 Jan 2025 · Chain of Thought verified
Used by, in order of first use Bittensor's vision is the unification of two technologies: the fast-paced, mutable substrate of AI plus incentive, and the ethically rooted, immovable substrate of Bitcoin.
First on record: Jacob Steeves, 21 Jun 2026 · const on X verified
Used by, in order of first use the same pricing mechanism used in Uniswap. … When people say they're 'buying' or 'selling' subnet tokens, they're actually just staking or unstaking TAO into subnet pools.
First on record: Teng Yan, 21 Feb 2025 · Chain of Thought verified
Used by, in order of first use Each subnet has its own token...each subnet token is transacted in TAO. TAO, acting as a utility currency, serves as the pricing base for all subnet tokens.
First on record: Barry Silbert, 17 Apr 2025 · Raoul Pal: The Journey Man (Real Vision), wording via Bitget News transcript unconfirmed
Used by, in order of first use it's also like in one way a vote ... a vote of confidence that maybe there could be a decentralized AI intelligence platform out there and that's good for humanity.
First on record: Jason Calacanis, 17 Aug 2026 · This Week in Startups verified
Used by, in order of first use I think it's quite obviously anticompetitive and very likely to create a very walled garden for these corporations.
First on record: Jacob Steeves, 18 Sep 2023 · Fox Business secondhand
Used by, in order of first use OpenAI is following the playbook of a bygone era, one of technocratic global elitism and corporate war-machines. The Bittensor community stands in direct opposition to this archaic way of thinking — on Bittensor, value is rewarded, not your status.
First on record: Opentensor Foundation, 15 Nov 2023 · Opentensor Foundation on Medium verified
Used by, in order of first use The Dynamic TAO upgrade, implemented in February 2025, was a watershed moment for Bittensor.
First on record: Sami Kassab, 15 Apr 2025 · Unsupervised Capital verified
Used by, in order of first use Ben-Zion and the team … are making waves in Bittensor again with their new Subnet 36 Pyramid Scheme.
First on record: Keith Singery, 27 Nov 2024 · Bittensor Guru (Libsyn) verified
Used by, in order of first use As an impartial foundation we do not endorse nor recommend any particular subnetwork. … We are on a mission to democratize access to intelligence, to help usher in a new paradigm for the world … Bittensor is nothing without we the people.
First on record: Opentensor Foundation, 15 Nov 2023 · Opentensor Foundation on Medium verified
Used by, in order of first use You have this premise at Stillcore, hey, we know that TAO has the potential to be the next Bitcoin, Ethereum, whatever it is. It's not guaranteed. Nothing is. This is a bit of the wild west ... after you make that bet, you're making the second bet. And the second investment is which one of these will break out.
First on record: Jason Calacanis, 6 Mar 2026 · This Week in Startups verified
Used by, in order of first use Winner-Take-All incentive design … The best-performing miner receives all the emissions
First on record: Minos (SN107), Feb 2026 · theminos.ai verified
Used by, in order of first use Or, you can be a subnet validator, find markets, enterprises, small-businesses, application developers or end-users, for these digital products, generate revenue and earn TAO. Or you can just be a subnet owner and create fertile grounds for the growth of your subnet validators and subnet miners and earn TAO. Come join us and write your own decentralized economies into existence.
First on record: Opentensor Foundation, 5 Jun 2024 · bittensor.com verified
Used by, in order of first use Once the subnet cap is lifted and we can have more than 128 Subnets, we'll likely see an explosion of new ideas and Subnets. 'Bittensor is a Y-Combinator that anyone can join,' as our friends at Unsupervised Capital recently put it in their 'The Investment Case For Bittensor' report. We agree. And we're betting on it.
First on record: Mark Jeffrey, 19 Feb 2026 · Mark Jeffrey on X (Stillcore Capital report) verified
Used by, in order of first use