EP 13: TAO's Philosophical Depth: Bittensor Digital Capitalism vs Bitcoin Evolution
The TAO Pod
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Episode Description:
In this episode, James and JJ discuss TAO's philosophical interest (beyond money), Bittensor democratizing price discovery/innovation, US dollar's rapid depreciation (fastest asset loss), endless currency printing, crypto bypassing bank controls for unbanked, sharing info to educate/reduce asymmetry, podcast motivation (learning through conversations), TAO high despite market down (holder conviction), Bitcoin volatility/recessions, private markets favoring elite (no retail VC returns from public tech), Satoshi as greatest entrepreneur ($1.8T value), Bitcoin as digital capital/Bittensor as digital capitalism, bounties on tech improvement, Sequoia's missed NVIDIA $500B (hold long-term/tolerate volatility), respecting Moore's law, and TAO as convergence of exponential ideas (entrepreneurship/decentralization/open source/AI).
Key Timestamps & Topics:
- 00:00:00 - Intro: TAO's philosophical interest; Bittensor democratizes price discovery.
- 00:01:00 - Dollar Depreciation: Fastest asset loss; endless US printing.
- 00:02:00 - Crypto Bypassing Banks: For unbanked; Bitcoin as bank account alternative.
- 00:03:00 - Sharing Info: Educates/reduces asymmetry; mutual benefit.
- 00:04:00 - Podcast Motivation: Learning through conversations; selfish curiosity.
- 00:05:00 - TAO Strength: Top 15-20 excluding stables/memes; holding during fear.
- 00:06:00 - Bitcoin Volatility: 18-month recessions; extreme fear since 2022.
- 00:07:00 - Institutional Moves: Top VC seeking $20-30M TAO exposure.
- 00:08:00 - Private Markets Flaws: Asymmetry favoring elite; no retail VC returns.
- 00:09:00 - Public Tech Failures: No VC-like returns for retail in 10-15 years.
- 00:15:00 - Satoshi as Entrepreneur: $1.8T value in 15 years.
- 00:20:00 - Bitcoin as Digital Capital: Bittensor as Digital Capitalism.
- 00:25:00 - Bounties: Bitcoin on SHA-256; Bittensor on any tech.
- 00:30:00 - Sequoia/NVIDIA Story: $1M to $500B if held (tolerate volatility).
- 00:35:00 - Hold Long-Term: Respect Moore's law in industry.
- 00:40:00 - TAO as Convergence: Exponential ideas (entrepreneurship/decentralization/open source/AI).
- 01:00:00 - Q&A Teaser: For next week.
- 01:05:00 - Podcast Consistency: Choppy periods but exciting times.
- 01:10:00 - Community Feedback: What you learned; write for tao-daily.io.
- 01:15:00 - Episode Reflections: Philosophical/technical/financial depth.
- 01:20:00 - Future Events: Paris/Dubai conferences.
- 01:26:00 - Wrap-Up: See you next week.
Key Takeaways:
- TAO's philosophy transcends money: Democratizes price discovery/innovation for continuous improvement—most interesting crypto philosophically.
- Dollar depreciation: Fastest asset loss (last decades); endless printing—crypto bypasses bank controls for unbanked.
- Sharing info educates/reduces asymmetry: Mutual benefit; podcast as learning mechanism through conversations.
- TAO resilience: High amid Bitcoin 30% drop/extreme fear; top 15-20 excluding stables/memes—holder conviction key.
- Bittensor as digital capitalism: Bitcoin digital capital; bounties on any tech improvement—convergence of exponential ideas for mastery.
Resources & Links:
- Bittensor Official: bittensor.com
- Taostats (Explorer/TAO App): taostats.io
- xAI: x.ai
- Follow Hosts: @jaltucher & @josephjacks_ on X
Subscribe for more on Bittensor subnets, AI building, and crypto trends! Leave a review and share your thoughts. #TheTaoPod #Bittensor #DecentralizedAI #TAO
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