Bittensor Guru Episode 11 - Dynamic Ranting
Jan 12, 2024
The host dives into the intriguing concept of Dynamic Tau and its significant impact on the BitTensor ecosystem. They explore how this proposal could revolutionize validators and token emissions. The discussion critiques the current system, emphasizing the need for a competitive mechanism to ensure sustainability and growth. Expect passionate insights and a lively rant that showcases the potential of innovative changes in the landscape!
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BitTensor Validator Landscape
- Keith Singery describes the current validator landscape in BitTensor with about 15,000 nominators backing the top 10 validators.
- The top validators hold a vast majority of Tau tokens, demonstrating an oligarchic but active validator ecosystem.
Validator Emission Challenges
- Validators manually assign emissions percentages across many subnets, but this task is increasingly unsustainable as subnets grow.
- This manual assignment limits the effectiveness and scalability of the ecosystem's incentive structure.
Dynamic Tao Market Redistribution
- Dynamic Tao redistributes the responsibility for subnet valuation from validators to the market via token mechanisms.
- This allows subnet-specific experts to determine emission distributions more accurately and scalably.