recognition is a lagging indicator.
constant efforts go unrecognized until the body of evidence becomes so overwhelming you can no longer ignore it.
that's what "overnight success" looks like from the inside.
hey Bittensor investors, which subnet owners dumping on you?
@TensorplexLabs backprop site gives you the answer. realized pnl means they sold alpha for TAO. the more alpha sold, the more they dumping.
realized pnl "-" means they haven't sold.
I thought sum of all subnet tokens at 3.9x TAO was overvalued. Here's why I'm wrong:
alpha inflation rate is much higher than TAO. Initial alpha APRs are 900 up to 7000% for newly registered subnets.
Buy alpha at 3.9x TAO => inflation levels out to 1:1 ratio over time.
Buying
Sum of all subnet tokens right now is 3.9 TAO, meaning the collective FDV of subnets is 3.9x as much as TAO's.
Until last night, most trading was concentrated in the top 10 subnets—now, many of the undervalued long-tail subnets are getting scooped up
With the Coinbase listing
How is the dynamic TAO launch going? What are TAO stakers doing?
This new Bittensor dashboard helps answer with stats at a glance. It was launched by @xavi3rlu, a key contributor to the dynamic tao protocol.
Here are a few ways I'm using it:
TAO to sustain price - amount of
TAO reserves across SNs have dipped below the amount injected by the protocol. This could be bc the continued staking pressure didn't keep up with the (slowly diminishing) root selling & faded away over the weekend
With that being said, tao.app public beta is now
for non-technical ppl,
my security subnet, powered by $TAO, @bitsecai recreated the $200m+ exploit in Cetus protocol.
this why you should pay attention:
1. subnet miners are not trained on move smart contracts, they're rewarded based on solidity bugs, yet found this bug. this
holy shit.
@bitsecai found the cetus protocol hack in less than 10 minutes.
Critical Integer Overflow Exploit Found
Addition Overflow in get_next_sqrt_price_a_up()
Vulnerable Code Location:
movelet liquidity_shl_64 = (liquidity as u256) << 64;
let product =
Join me in today's @opentensor novelty search
I'll uncover:
- motivation behind Bitsec
- only possible on Bittensor
- subnet mechanics
- juicy exploits from miners
- next milestones
see you soon 🫡
last week @asteroidxyz inscriptions on cosmoshub got some buzz.
typical cosmos, some devs pointed out flaws of centralization and double spend. it's missing the bigger picture:
they've reached some PMF - there are early adopters trying it out, they built something people want.
We're getting one question more than any other: wen marketplace?
Here's the root cause of the delay: the dreaded "double-buys"
To illustrate the problem... 🧵👇
It’s simple. Cosmos DevX sucks.
The building blocks for Cosmos dapps simply are not there or too expensive without a lot of funding or connections. EX: Stargaze had to build or integrate a performant indexer, sdk mods, ipfs caching, smart contracts, new protocols, graphql, block
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Bittensor, fyi on @taodotbot :
- no doxxed team
- no public code
- no audits
- bridge contract is a common attack vector
- no answers on DMs, tweets, tg
i want to support new projects and teams but you're making it AWFULLY hard
🎉 TAO.BOT Beta Complete—Launch Countdown Begins!
Thanks to our amazing beta testers for helping us refine TAO.BOT. The feedback was invaluable, and we’re now ready to launch!
🌐 Official launch: Wednesday, March 19th 12:00 PM (UTC-4).
Bridge