More than the current FDV of $TAO btw

Base case is if Bittensor doesn’t see a massive injection of external capital then alpha tokens won’t appreciate and will find an equilibrium near sum(alpha)=1 This capital only comes in if we get a breakthrough app OR ecosystem leaders do a better job at marketing to investors

You spend hundreds of hours over at least 3 years to get the CFA qualification only for them to want to charge you like $300 a year indefinitely to put some letters in front of your name on LinkedIn No thanks

Great report on DATs, my other reference page to track data is the @blockworksres dashboard. What is missing is data on how much these vehicles have raised vs. how much has been deployed, to understand how much dry powder is left. Especially important for alts.

I sure hope they are having intense discussions on AI safety behind closed doors. The lack of public discourse on this topic from other AI leaders outside of Musk (and to a certain extent Altman) is very worrying.

ping is goated but I'm sorry if you're trading off 'Jetavana' whatever shit you're retarded What does that even mean

You're getting paid to long $ENA by (what I imagine are) insiders hedging their bags With $200m of buy pressure in the next month/5-6% of circulating supply left to purchase On the most reflexive asset in crypto with their highest APY in 5 months and a bullish Q4 backdrop

ping is goated but I'm sorry if you're trading off 'Jetavana' whatever shit you're retarded What does that even mean

What happens to $GLXY when they release earnings next week amid an almost guaranteed ATH in book value from crypto holdings, a growing crypto business driven by DAT deals, and updates relating to Helios data centre business with CoreWeave?

I've taken two Ls in the last few weeks: $GRASS and $PUMP. They boil down to a lack of communication, transparency, and alignment between team and tokenholders. Going forward this will be a top 3 consideration for me when investing in liquid tokens. More details on $GRASS: I wrote a long-form report on this a few weeks back, and had strong conviction on the thesis that Grass could become a core infrastructure in the data pipeline for AI. While I still believe this to be in true in theory, a lack of communication from the team has made me realise the opportunity cost of holding this position in the short-term is too high, and that whether @grass succeeds or not is irrespective of token performance, which of course is what I'm here for. To me, the moat that Grass has remains intact - its network of nodes allow it to scrape significant amounts of data that other firms cannot. However, the team appears to have pivoted to data labelling, and little information has been shared with token holders on this pivot. Furthermore, I was under the impression that multimodal search was to become a public facing product, while it appears this is a closed product only available to current clients, which of course we do not even know who they are. This is particularly worrying given my analysis was based on: a) The long-term growth of data scraped which has fallen drastically in the last month given the pivot to data labelling, and b) Multimodal search bringing a new PUBLIC revenue stream to the protocol, which is not the case given it has not been made openly available to the public as was promised. c) The idea that Grass' clients were eventually going to be disclosed, which seems as unlikely as ever. The lack of transparency on this regard and communication from the team makes it difficult to hold the position while other projects in the market are flourishing and clearly communicating with tokenholders. Of course I wish grass nothing but the best and success, I think they are working on an important mission. But as an investor I cannot hold this position with confidence until the above changes. Maybe this marks the bottom, idk, but would encourage the team to make changes as it relates to the above. Community is everything in crypto and if you lose this, the climb back up is a 1000x times harder. Lessons learnt.