The Delphi Podcast

TAOFU's Mikel & Mitch: Enabling Capital Formation for Subnets on Bittensors $10B+ Network

16 snips
May 27, 2025
Discover how Taofu is revolutionizing funding for Bittensor subnets as co-founders Mitch and Mikel share their journey from DeFi to AI. They explore the challenges of subnet registration costs, and how Dynamic TAO reshapes power dynamics. Learn about the innovative Tau Private Network's role in decentralized VPN services and the rewarding model for miners. The conversation also delves into the future of AI, addressing its potential to enhance industries and extend human lifespan. Join a fascinating discussion on technology’s impact on our lives!
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ANECDOTE

Mitch Red-Pills Mikel to Tau

  • Mitch introduced Mikel to BitTensor during a pivotal AI moment around GPT's rise in late 2022.
  • Their early belief in Tau's potential was based on observing passionate community support and low market cap entry.
INSIGHT

Dynamic TAO Changes Power Dynamics

  • Dynamic TAO shifted BitTensor from validator vote-based power to market-driven incentives.
  • Stakeholders must now economically commit, aligning rewards to market valuation of subnets.
INSIGHT

Taofu Solves Subnet Funding Challenges

  • Subnet emissions depend on their token price, creating incentives correlating value with performance.
  • Taofu democratizes subnet funding, avoiding damaging token sell-offs linked to early investors.
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