An early preview of Opentensor Foundation’s working code of the Dynamic Tao proposal.
The Opentensor Foundation - built to not exist
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Bittensor is the internet of digital commodities. It is an open source platform where you can produce competitive digital commodities, such as machine intelligence, storage space, compute power, protein folding, financial markets prediction, and many more.
Each category of the digital commodity is produced in a distinct subnet. Applications that are digital commodity-specific are built on these specific subnets. End-users of these applications would be served by these applications.
Subnets are off-chain competitions where only the best producers are rewarded. A subnet consists of off-chain subnet validators who initiate the competition for a specific digital commodity, and off-chain subnet miners who compete and respond by producing the best quality digital commodity. Scores are assigned to top subnet miners and subnet validators. The on-chain Yuma Consensus determines the TAO rewards for these top performers.
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0:00 - Introduction to D-Tao and subnet specific tokens
0:50 - Subnet specific Tokens' Management and Value Drivers
5:41 - Dynamic Tao and Subnet Expansion Potential
10:15 - Dynamic Tokens for Price Stability and Economic Bubble Prevention
16:18 - Ownership and Incentive Structures in Decentralized Subnets
22:00 - Staking Benefits in a Decentralized Blockchain Ecosystem
27:48 - Tao Inflation's Impact on Rewards in Bittensor
34:53 - Developments in Subnet Management and Expansion
40:51 - Monetizing Tao Through Subnet-Specific Fees
46:05 - Strategies for Subnet Monetization and Validation
51:33 - Risks in New Digital Commodity Systems
57:27 - Limits on Subnet Ownership and Token Sales
1:02:34 - Uniswap Protocol, Slippage, and Token Balances Management
1:06:57 - Closing remarks and next steps