The Bittensor Breakout Nobody Is Pricing In (feat. Mark Jeffrey)

Описание: Trade on Toobit: https://www.toobit.com/en-US/tift-202...

Second channel:    / @jesusmartineztrades  

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Mark Jeffrey runs a fund that buys nothing but Bittensor subnets.
He says the first billion dollar subnet arrives before the end of
this year. The biggest one today is worth roughly a hundred million.

So I asked him the obvious question: if the technology is working
this well, why is nothing moving?

His answer is that nothing has actually happened yet, and that this
is the part everyone misses. We got into what he thinks breaks
first, the subnets he says are already outrunning the big labs on
price, and why he would rather own TAO than stock in an AI company
heading for an IPO bigger than SpaceX.

WHAT WE GET INTO

▸ What "crossing the chasm" means, why Mark says no subnet has done
it yet, and why he thinks that is bullish rather than bearish

▸ The subnet serving frontier grade AI at roughly one sixth what
the big labs charge, and his explanation for why they cannot just
copy it

▸ Cheap power, spare GPUs, and why mining turns out to be the most
cost effective way ever invented to build anything

▸ We both tried mining. We both got kicked out. Here is what that
actually tells you about how competitive these networks are

▸ OpenAI's AGI tweet, and Mark's read on why the big labs are
waving their arms right now

▸ The moment open source AI stopped being a joke, and what happens
to a company whose product is available for free two weeks later

▸ A subnet with a twenty one million dollar market cap that
co-wrote a paper with OpenAI and has 256 researchers competing
for it around the clock

▸ Why you build a subnet instead of hiring a product department,
and what that does to your cost base

▸ The v440 update explained properly, including why Mark says the
chain used to be actively betting against subnet holders and
no longer is

▸ Decentralized storage at a hundredth the cost, and how the
economics survive that

▸ Conviction, the subnet owner who drained a liquidity pool before
announcing a "principled exit," and whether the hole is closed

▸ Teutonic, and why a model being bad is still a very big deal

▸ His timeline, his number, and what he is watching for

TIMESTAMPS
0:00 Intro
0:28 Has any subnet crossed the chasm yet
3:04 Frontier AI at one sixth the price
10:52 OpenAI's AGI tweet and the missing moat
16:15 A $21M subnet that wrote a paper with OpenAI
20:19 The update that stopped the chain betting against you
28:23 Bittensor makes mini Bitcoins
29:48 Conviction and the rug that caused it
37:59 The first billion dollar subnet

GUEST
Mark Jeffrey, partner at Stillcore Capital and host of the Hash
Rate podcast. He has been in crypto since 2013 and wrote two books
on Bitcoin.
X: https://x.com/markjeffrey
YouTube:    / @markjeffrey  

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None of this is financial advice. Mark's price targets and
timelines are his opinions and he says so on camera. Subnet tokens
are early stage and illiquid. Do your own research and never invest
more than you can afford to lose.