Mark and Siam Dissect the Bittensor Ecosystem
SUMMARY: Mark Creaser and Siam Kidd explained Bittensor as a decentralized protocol that functions like the “S&P 500 of AI startups,” where 128 independent AI projects (called subnets) compete to solve real-world problems using a proof-of-useful-work incentive mechanism. They noted that unlike Ethereum, Bittensor has a mandatory value-capture system requiring all subnet ‘$ALPHA’ token purchases…