@Mumen_Traderi
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It's not about winning. It's about me out-trading you right here, right now!
Joined April 2023
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Here is @const_reborn's full keynote at @ExploitSummit
It is worth the 36 minutes, but I'll give you the cliff notes.
> Affine 1, a model trained by anonymous miners entirely on Bittensor, matches the intelligence score of Anthropic's Opus 4.1.
> 23 of 128 subnets now have paying customers
> Gamma tokens are coming to turn subnet usage credits into something agents can buy from any chain.
> "We're not afraid of hyper-intelligent bot swarms on the internet. We use them to optimize our technology."
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Mumen_Trader retweeted
Replying to @andyyy @DefiLlama
bittensor $TAO gets buybacks from several of its subnets.
by far the most diversified (risk-mitigated) buyback infrastructure.
The actual data doesn’t support this. The Sum of Alpha Prices and $TAO have a positive relationship, not an inverse one. Your observation is bias from your own SN selection and recent price action.
(Charts do not account for the 30-80% yield Alpha holders receive)
I always pride myself on keeping it 100% real. So here is how I see things rt now:
You’ll have to explain that analogy to me because I’m not getting it.
Let’s put it this way: I like the idea of Bittensor. I like the idea of TAO as a valuable incentive mechanism. I like the idea of subnets.
I’m not exactly sure that I like the idea of each subnet having its own token. I’m not sure that was necessary to make the subnet ecosystem work properly. I think it may have complicated things tremendously.
I think that dTAO is extremely complex. Too complex for Most normies to understand and this poses a real barrier to entry.
I also am observing since the creation of DTAO, this inverse correlation between the price of TAO and the price of alpha tokens. Early on in DTAO a lot of people in the ecosystem used to deny this, but it is undeniable at this point. TAO pumps, Alpha tokens pull back. Not a good scenario for investors looking to take profit on a TAO pump.
I think that the subnet ecosystem could have been designed it away where subnet tokens are not necessary, but emissions could have been programmatically/manually sold out to subnets and the miners who are producing the most useful work.
So I do think that DTAO was probably a mistake. I’m not saying the subnets were a mistake. I’m just saying that the contraption built by CONST to solve certain problems in the subnet. Ecosystem is very flawed.
I am not here to be a cheerleader. And I am not here to be a loyal subject of Bittensor.
Bittensor, $TAO, and the subnets are a vehicle for me (and right now not even a good one) to make an extreme amount of wealth commensurate with the risk that I am taking by investing in this new and constantly changing ecosystem.
I don’t think you can make any correlation right now for Bittensor to Amazon or any other well developed in incredibly well run company like Amazon.
In the last six months, I have lost a tremendous level of faith in CONST
The guy changes his mind about the rules of the game and the network like a baby change his diaper. His unilateral decisions have Shaken the confidence of investors, harm the network, at least in the short term, and harmed network participants like owners in the short term and possibly the term.
He’s making decisions unilaterally without getting any kind of consensus from Subnet owners, validators, or major institutional friends to the network like Barry silbert.
So I don’t think at this time the name Bittensor belongs anywhere near a comparison with a company like Amazon
I remain hopeful that it can be. I still believe there is tremendous value in the network and potential. But my confidence that it will be is definitely lower than it was six months ago. When I see that CONST has stopped fucking with the network, changing things on a whim and changing the rules of the game and subnets are thriving with proper rules of engagement that are sticky, that will be a good day.
Mumen_Trader retweeted
The recently released GLM-5.3 model is a good example of why post-training deserves its own competitive arena.
@Zai_org kept the same base model as GLM-5.2 and scaled post-training. More environments, more diverse tasks, more compute.
On Terminal-Bench 3.0, which tests agents on complex tasks in terminal environments, GLM-5.3’s resolution rate was 28.3%, up from 4.6% for GLM-5.2.
Affine turns one part of that post-training problem into an open, ongoing competition.
Well-written piece, I enjoyed the read. But imagine prioritizing the potential investment of fearful funds over the pace of iteration. The faster we iterate the sooner we can reach a place of stability. The last few months of this bear market are the best time to perfect the IM.
Bittensor is about to delete a 25-year tech veteran's subnet, while he's still working on it.
Not for failing, just for price. Popularity.
Meanwhile the rules deciding which subnets get paid were rewritten three times in eight weeks.
Oh, and teams who paid $5M for subnet slots were told they'd always been mispriced. No refunds.
I've been invested in Bittensor for 18 months so I wrote down why I'm still here, and what I think needs to change: markcreaser.com/writing/chan…
$TAO in subnets has been flat since the templar rug in April. I expect this number to start trending upwards again now that the Root Reborn upgrade has eliminated the mechanical root auto-sell pressure on subnets (equal to ~74% of daily emissions into the pools).
Mumen_Trader retweeted
Can decentralized AI compete with Big Tech?
@const_reborn, co-founder of @bittensor, joins @2084Richardson to discuss:
- Bitcoin-inspired AI
- TAO & subnets
- Decentralized AI
- Intelligence markets
- Open AI
Would you trust AI more if anyone could help build it? Dive deeper🔽
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Mumen_Trader retweeted
What happens when intelligence becomes commoditized?
open.substack.com/pub/90days…
Mumen_Trader retweeted
GM. Powered by Bittensor.
Now serving Claude Opus 5
... at the LOWEST PRICE ON EARTH.
Mumen_Trader retweeted
Starting today, SWARM enters a new chapter.
We are expanding beyond autonomous navigation and focusing our network on two of the hardest frontiers in autonomous flight:
🐝 Multi-drone swarm coordination
🎯 High-speed autonomous interception
With SOTApilot V5 today live, miners can train, submit, and compete to build models that control drones in real time and complete closed-loop missions.
This is more than an update. It marks the beginning of SWARM’s push toward advanced autonomous aviation—and, ultimately, real-world deployment.
The competition starts today.
bittensor:native
Pre-4th of july drops are a gift. everyone else is checked out, you get first look.
A Bittensor subnet is beating @zillow at its own game. 1,460+ AI models competing to value US homes. 1.1M properties analyzed. top model hit 94.2% accuracy at 1/70th the cost of a zestimate.
@zipcodenetwork is pointing that intelligence at the $34.5T U.S. home equity market, with zipcode.finance launching on @base this month.
@sebyrubino is building at the intersection of AI, onchain finance, and the $55T U.S. real estate market. few projects are this ambitious.
Sharp coverage from my friend @Solofunk and the @serotonin_hq team.
here’s your head start 👇
Mumen_Trader retweeted
A Happy Bubbles day.
Bittensor $TAO subnets:
Mumen_Trader retweeted
In times like these it bears repeating a few fundamental truths:
(1) intelligence is a commodity that can be distilled and redeployed (see: Deepseek, etc.)
(2) decentralized coordination networks can produce this commodity more efficiently and at larger scale than any centralized entity (see: Bitcoin)
(3) open source, private, permissionless intelligence is going to be an absolutely essental, fundamental human right (see: below)
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.
The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.
Access to all other Claude models is not affected.
We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.
Read our full statement: anthropic.com/news/fable-myt…
This is the moment where it becomes obvious that we need decentralized models.
Even if the centralized players let you use the watered down sota models the government will step in and restrict them.
I'm all in on $TAO and subnets here.
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.
The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.
Access to all other Claude models is not affected.
We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.
Read our full statement: anthropic.com/news/fable-myt…
Mumen_Trader retweeted
🚨 Affine on $TAO's SN120 just dropped a benchmarking report that should be front page news, and nobody outside this ecosystem even knows, YET, 👀 +94% recall, +56% fidelity, 6.2x speed, and 2.23x runtime gains!
The subtitle of the report says it all:
"Incentivized Competition Breeds Superior Models."
Here is what they did.
They took one base model. Qwen3-32B. They gave it to miners. They opened an arena. Coding. Tool use. Web navigation. Memory. Reasoning. No central team directing anything. No research lab. No billion-dollar budget. Just miners. Competing. Financially incentivized to push the frontier.
They expected incremental gains.
They got something else entirely.
Independent miners now beat the base across every single major benchmark 👀
📈 HumanEval 89.02 vs 81.71 = +8.9%
📈 BrowseComp-ZH 9.34 vs 6.92 = +35% retrieval gain
📈 MemoryAgent F1 9.37 vs 6.21 = +51% memory gain
📈 Substring exact match 11.0 vs 5.67 = +94% long-context recall
📈 ROUGE-L F1 9.71 vs 6.23 = +56% answer fidelity
AGENT PERFORMANCE GOT BETTER
TOO:
🛠 Task compl. 7.93 vs 6.78 = +17%
🎯 Tool selection 8.24 vs 7.76 = +6%
🧠 Planning 6.95 vs 6.69 = +4%
Not one lucky model. Multiple miners. Global. Competing against each other. All surpassed the base. That is a mechanism working exactly as designed.
The competition produced specialized models that each found their own edge.
Leary CX emerged as strongest overall reasoning, retrieval, tool use, and coding scoring 89.0 on HumanEval.
Leary CS became the top coder with the highest task completion and tool selection scores.
Axon1 M19 became the memory specialist dominating long-context recall and fast retrieval.
Nobody told them to specialize. The incentive mechanism forced it. Competition breeds specialization. That is evolution applied to intelligence production.
Now look at the speed numbers. Leary CX completes agent tasks in 86.8 seconds. Qwen3-32B takes 193.9 seconds.
SPECIALIZATION EMERGED NATURALLY:
🧠 Leary CX Best overall system
Reasoning + retrieval + memory + speed
💻 Leary CS Best task completion + tool selection + planning
🧠 Axon1 M19 Memory-heavy long-context specialist
The incentive layer forced specialization.
And its 2.2x faster. On long-context retrieval queries, Leary CX responds in 2.6 seconds. Qwen3-32B takes 16.1 seconds. That is over 6x faster.
SO SPEED WENT PARABOLIC:
⚡ Agent runtime 86.8s vs 193.9s = 2.23x faster
⚡ Long-context query latency 2.6s vs 16.1s = 6.2x faster
Better AND faster. From miners competing on an open network. Not from a research lab with thousands of PhDs.
And the economics are real. Total issuance on SN120 sits at $73.3 million. Daily miner winnings run at $59,440. The top performing miner is earning 35.39 Alpha per hour $866 per hour. $20,805 per day. For producing intelligence that beats the baseline.
Produce better intelligence, get paid more. Produce worse intelligence, get nothing. 24 hours a day. No HR department. No performance review cycle. Just pure market pressure applied to model quality in real time.
And this is day one. The miners are just getting started.
Think about what just happened here. A Bittensor subnet took an open-source base model, handed it to anonymous miners around the world with nothing but financial incentives, and those miners independently produced multiple specialized models that beat the original across every benchmark tested.
This is the first verified proof that incentivized open competition on a permissionless network produces superior AI models compared to what a single team can build alone.
The best AI models will not be built by a single company. They will emerge from global open networks where the incentive to improve never sleeps.
And every model produced, every miner competing, every validator scoring, every Alpha token earned all of it settles through $TAO.
$TAO
Mumen_Trader retweeted
Ground breaking innovation for the good of humanity happening on Bittensor thanks to @tplr_ai
Shoutout to @DistStateAndMe and team
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